No, I am not 70. I think we got our signals crossed. You mentioned affordability and deductibles so I automatically assumed this had to do with insurance. And my point was that if money was so tight one of the first things he should’ve done was to raise his deductible, unless as I said he is accident prone. They would’ve saved him several hundred bucks a year. If he can’t afford $250 well I’m sorry. You gave an example of one guy, which is anecdotal. I don’t know anything about this person or whether the fact that he is broke is as a result of his own decisions, whether he’s got nine kids, we simply don’t know. I know having $1000 deductible would’ve made it worse, but if his budget is so strapped, that’s one of the first things that families generally do.
And now you’re telling me things about my own business that are well-known facts, i.e., how much wealth will be getting transferred in the next 10/20/30 years? It’s actually in the hundreds of trillions over the next 30 years. And at least you admit that you don’t believe that Iran had uranium enriched to 60+ percent. Because that is the basis for your thinking. But what if you were wrong? Is this a chance you think the world should have taken? Based on what I know about the mullahs in Iran, I don’t.
As far as early retirement account withdrawals, yes, they are at record highs, but they have been climbing steadily for the past six years. My answer, which is likely to never happen is for the Congress to finally get their shit together and reduce spending. It is not to raise more taxes. Incomes relative to inflation or rising for the first time since Trump’s last term before this Iran conflict began. I also know that many families don’t feel it right away, but at least the metrics were/are going in the right direction.
By
DriftBusta ·
