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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Neeka who wrote (54681)11/5/2008 11:15:27 PM
From: MJ  Read Replies (1) of 224666
 
Neeka

That's the not so humorous part of the whole tax exemption business by Obama up to $250,000. was it not.

People at all levels have significant losses in their portfolios whether managed themselves, by financial planners, by the banks, the mutural funds, the hedge funds--------these losses are huge.

Will they ever recoup and be able to pay taxes on gains in these------not likely.

Have a friend newly retired from a lifelong job---------the retirement looked great------until she learned that there has been a loss of 2/3rds of the retirement fund, now her advisor is telling her to purchase a 1 to 2% annuity.

mj
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