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Re: obama to cut social security

By: tkc in ALEA | Recommend this post (0)
Fri, 05 Apr 13 7:04 PM | 73 view(s)
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Msg. 13164 of 54959
(This msg. is a reply to 13160 by clo)

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Hi Clo. "Keep in mind interest rates have been horrible for those of us seniors that have been careful to save money." True,but on the flip side it has been a great opportunity to improve personal balance sheets. Refi a house @ 3.5% for 30 or 2.75% for 15. Borrow short term (18 mos.)@ 1.5% to pay off high interest credit. Those that invested in blue chip utilities (and others) such as Ed,T & Vz have done just great. I lived in Ardsley 'til 2000 - if one were to sell a home there today and purchase another somewhere less expensive they'd become very comfortable quickly. For sure it's been really tough on those that only had CDs and AAAs.


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The above is a reply to the following message:
Re: obama to cut social security
By: clo
in ALEA
Fri, 05 Apr 13 6:26 PM
Msg. 13160 of 54959

Hi Dig,

Keep in mind interest rates have been horrible for those of us seniors that have been careful to save money.
Many thought they could rely on their interest to help, it has not.
Makes me long for the Carter years ;))

For the record, I tend to be a fiscally conservative liberal progressive!
I hate waste!!!
Stop pissing money away on wars!
and having traumatically injured troops to care for for the rest of their lives.


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