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Strategies & Market Trends : Turnarund Investing -- Ignore unavailable to you. Want to Upgrade?

To: thatsnotluck who wrote (1637)	6/10/2012 10:09:01 AM
From: Covenant	3 Recommendations Read Replies (1) \| Respond to of 1876

You purchased an insurance policy, paying around 1% of your wages for this policy during all the years in which you worked. Payment was compulsary, even if you did not want the insurance policy. If you don't want to collect on that policy when entitled in order to appear noble at cocktail parties, that would be a personal choice, but I don't know many people who tell their insurers to not pay them for valid claims. 6 months would be at least $10K, and in some states that 6 months can go as long as 2 years ($40K), which if nothing else can be used to pay taxes. One thing which strikes me as odd is someone who would accept payment to not work from the employer (severance), but not from the insurer (unemployment). The payor one presumably likes should pay while the payor one does not have a personal attachment with should not pay? Odd. Executives receive golden parachutes. The combination of severance and unemployment is the golden boot the rest of us receive when we are fortunate enough for company plans and personal plans to coincide at retirement time.