<p>I’m pointing out that sentiment isn’t as bullish as some are saying. They’re using this as a rational to sell because the “dumb” money(LOL) doesn’t know what it is doing. Pretty much nobody has a clue what’s going on. I expect the market at some point this year will be higher than it is now but I don’t know when and I don’t know how low it will go this year. The economy is improving and that will make the market go up.</p>
<p>dstark-
Just popping in to say hi-- and you thought this thread would’t last? ;)</p>
<p>Well jym626,…</p>
<p>I guess a few of us are interested in this topic.</p>
<p>Hi.</p>
<p>Aapl makes a new yearly low…</p>
<p>From that retire thread,</p>
<p><a href=“The Wall Street Journal - Breaking News, Business, Financial & Economic News, World News and Video”>The Wall Street Journal - Breaking News, Business, Financial & Economic News, World News and Video;
<p>SS is worth a lot of money to almost everybody. Amazing how SS is under attack all the time.</p>
<p>I don’t attack SS just the excess of it and the burden placed on younger generations. I am still amazed how much we get on SS. We are frugal, no mortage, no kids to raise in near future. We could almost live off SS without downsizing. Was it meant to be that?</p>
<p>Who cares what SS was meant for? </p>
<p>It has evolved.</p>
<p>Millions and millions of people depend on it. Even some millionaires.</p>
<p>Really, 90 percent of the people are going to need SS if they live long enough.</p>
<p>I would like to get rid of open advanced options on this iPhone.
You are pretty frugal, igloo</p>
<p>Igloo… wrong thread? 
I hate it when that happens!! LOL</p>
<p>So today the market is supposedly finally realizing that sequester will hurt the economy… ok, but to me it’s just another classic case of spinning a story to fit the price action. If and when they kick the can down the road one more time and resolve this sequester thing the market will rally to new highs… at which point maybe… maybe (I am not a forecaster!) that will be it. </p>
<p>I do find myself comparing current daily charts to the 2007 chart, not because I think the economy is the same, but because I think the emotions that create the price swings might be similar.</p>
<p>Damn it. I cant get the hlf puts off at prices i want.</p>
<p>SS is not a real problem.</p>
<p>It is a made up political problem. </p>
<p>I posted on the tax thread the future govt obligations and SS is not a problem. </p>
<p>Health care is the problem.</p>
<p>The sequester is bs too.</p>
<p>"We could almost live off SS without downsizing. Was it meant to be that? "</p>
<p>Astonishing! I’m very frugal and based on my analysis of spending (food, taxes, car maintenance, house and car insurance, health insurance etc) need more than ss. If I include the fact that I don’t want to just sit in a rocker on my porch when I retire, I need quite a bit more than just ss. Since I plan on retiring in a few years, I’ve carefully looked at this.</p>
<p>There is no way. </p>
<p>I can’t retire on SS. </p>
<p>I guess I could move but I wouldn’t be able to afford the moving costs.</p>
<p>Well, I am practically sitting in a rocker on my porch at the moment, so to speak. After running arounding like a chicken for so many years, it is kinda nice. Never had a chance to enjoy the house. SS pays food, uitilities, and maintenance. We have a few pennies left after that, not counting the tax on SS.</p>
<p>Interesting that aapl went down so low. It gotta hit the rock bottom at some point even for aapl, I would think.</p>
<p>Well I can use my father as an example. He retired in 1982 at 65. When he died last year, his ss check after medicare was taken out was around 17k. His property taxes on a small house was $6000. So not including medical bills which mount when you’re 94, having to buy added health insurance beyond medicare etc., water bill,s electric bills etc. you’re not left with much. Fortunately he had a small pension that looked great in 1982 but not so great in 2012 and a savings account that yielded sh<strong>. He was also the most miserly person imaginable, coming up with ways to recycle water used for cleaning clothes and other “creative” ways to save even a penny. As I have pointed out on another thread, there are a lot of people who are clueless as to what its going to cost in the future and how up the sh</strong> creek they are.</p>
<p>OK, I may be one of them and I admit I havn’t been through an old age. We do have health insurance all paid for. I bet there will be surprises and for that we have savings. I didn’t expect SS will take care of all our basic needs. I forgot the property tax. SS doesn’t pay the property tax after paying for basic needs.</p>
<p>I’m pretty sure that we could retire on SS. But it would be in another country.</p>
<p>I’m pretty sure that we could downsize to retire on SS too but it would take some effort. When you come from not having too much, you know how to go back. Might not be fun but you’ve at least seen it.</p>
<p>Igloo, lol. Come on… You have health insurance paid for? Lol You forgot property taxes? Lo</p>
<p>I am just teasing you, igloo.
I think BCEagle91 is right with the foreign country option.</p>
<p>$6k for a small house sounds like a lot of property tax (says the guy who was paying almost $30k in NJ) especially for a senior - don’t many localities give a property tax break to seniors? Especially if you are a senior living on SS I think you would look to reduce a $6k property tax… by moving.</p>
<p>WHAT A BOUNCE !!! Missed buying the dip? Do not chase!!!</p>
<p>AAPL continues to get crushed. At some point this has got to be a buy.</p>
<p>When you’ve lived someplace for > 50 years and you’re in your 90’s, most likely you’re not going anywhere especially when your only relative is your only son. He didn’t live to far from me and my property taxes are ~8000 per year.</p>
<p>You would think so (AAPL being a buy) but first it has to deal with making a new low and remaining below 435.85. Maybe if they can trap a bunch of new technical trend follower shorts in this area it can spring back up.</p>
<p>^Don’t worry. It went down again. Is anything happening?</p>
<p>DocT, that’s a good point. When you get old, it is hard to be practical and living cost goes up.</p>
<p>On the surface, this is beginning to look like the buy of the century.</p>