Resetting the Retirement Clock

[IIC]

You're just too freakin' nice IIC.... No wonder all the financial babes love you so much.

Question for DEF: If you were a single man. Would you only date "certified" financial babes?

Yeah Right...Bambi is only CERTIFIED in _____________(You fill in the blank)

[Lyehopper]

I guess I do. The planners I know (had lunch with a half-dozen of them two weeks ago) take their jobs seriously as good stewards of their client's financial affairs. Maybe here in the midwest we have a different set of values?

Dave.... Do you work on a fee basis or a commission basis?

[DSteckler]

Dave.... Do you work on a fee basis or a commission basis?

Don't do either one, Lye.

[mimo_100]

spend, don't save

I just read a couple of short articles by Robert Kiyosaki. He talks about accumulating assets and how the FED is accommodating U.S. consumers. He says do not accumulate dollars (do not save) since the dollar will become much cheaper in the future. What do you think? Here is a quote from one of the articles.

“I have been bearish on the U.S. dollar for years (see "Investing: Go for Gold and Silver, Not Green"). I've also been saying "savers are losers" for a long time (see "Why Savers Are Losers").”

"Investing: Go for Gold and Silver, Not Green"

http://finance.yahoo.com/columnist/article/richricher/2987

"Why Savers Are Losers"

http://finance.yahoo.com/columnist/article/richricher/1224

[sisterwin2]

my experience with a cfp...... after I my father left me a few shares of GE... I went to a planner.

She wanted 700$ upfront. Told me I needed to sell 1/2 of the GE and buy CD's ......this was 7 yrs ago..then transfer the rest with a broker...who charged 68$ to sell/buy anything else. Got angry with me when I said no thanks and told me I wasted her time.

I began reading and researching for myself.

just my 2cents worth

[DSteckler]

my experience with a cfp...... after I my father left me a few shares of GE... I went to a planner.

She wanted 700$ upfront. Told me I needed to sell 1/2 of the GE and buy CD's ......this was 7 yrs ago

In May of 1999, GE sold between $33 and $37/share. It closed yesterday at $34.13. In the summer of 2000 the national bank average rate for a one year CD was 5.64%. Assuming you would have averaged 4% over seven years, you would have done much better with the CDs.

[IIC]

Dave...I'm recommending you cash out and buy CD's...Send me 700 bux...LOL

[DSteckler]

Dave...I'm recommending you cash out and buy CD's...Send me 700 bux...LOL

Doug, if all my money was in GE I might take your advice! <g>

[sisterwin2]

In May of 1999, GE sold between $33 and $37/share. It closed yesterday at $34.13. In the summer of 2000 the national bank average rate for a one year CD was 5.64%. Assuming you would have averaged 4% over seven years, you would have done much better with the CDs.

But what about the dividend

[DSteckler]

But what about the dividend

Great question, Dena.

The current dividend on GE is 2.9%, which is less than the rate on a one year CD. Plus, you have risk holding any stock (it can go down) whereas a CD is riskless.

[Lyehopper]

Do you punch a time clock?!

Don't do either one, Lye.

So what's your incentive to perform for your clients? Lemme quess.... You're just a good guy!

[IIC]

Great question, Dena.

The current dividend on GE is 2.9%, which is less than the rate on a one year CD. Plus, you have risk holding any stock (it can go down) whereas a CD is riskless.

Oh Dave Dave Dave...I'm very dissapointed in you...CD's are not RISK LESS...maybe you forgot the FDIC guarantee limits...I personally know people that have not gotten full value for their CD's...albeit years ago.

Treasuries are less risky than CD's.

Now...You talk 5%...What were CD's 2 year's ago?...3 yrs ago???