Posted by Spook on November 20, 2008 at 18:05:01 from (75.45.77.21):
In Reply to: Bye-Bye Retirement! posted by dave2 on November 20, 2008 at 17:45:59:
I think the system is broken. 401K plans were never intended to replace pensions, companies just promoted that to avoid paying more money out to employees. The last financial planner I talked to was putting his money into real estate, even when he was trying to get me to invest in REIT's. Stupid. The wall street guys make money anyway. The AIG thing really gets me - selling insurance without the assets to back it up should be a felony, not a reason for a government bailout.
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Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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