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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: i-node who wrote (771839)2/27/2014 3:35:45 PM
From: Wharf Rat  Read Replies (2) | Respond to of 1574483
 
. "CBO has projected 2.5 FTE jobs will be lost;

No; they projected that 2.5M FTEs would finally be free to say "take this job and shove it." It impacts the labor supply side, not job demand.

The Affordable Care Act: Not jobs destroyed, but jobs opened

Yes, by 2017, the CBO reports, the full-time equivalent of 2 million workers will choose to work less and 2.5 million by 2024. But in fact, this is extremely good news for American workers.

Why? The emphasis should be on the word “choose.” Contrary to some of the initial reports you may have heard, 2 million jobs aren’t being “lost”; instead, people who may not want to work are ceasing to do so because they can secure health insurance without being employed. At the most basic level, having personal choice about your own labor market participation is a good thing.

pbs.org



To: i-node who wrote (771839)2/27/2014 3:36:36 PM
From: puborectalis  Read Replies (2) | Respond to of 1574483
 
Doctors Struggle to Save for Retirement Despite High Salaries

By Martha C. White

What’s up, doc? A new report says that despite high average salaries, physicians aren’t saving enough for a comfortable retirement.

New research from Fidelity Investments found that the average physician, despite having an average salary of just under $300,000, will only have retirement income of 56 percent of their pre-retirement earnings, compared to the 71 percent Fidelity recommends.

“We don’t think that physicians are in grave danger of not being able to survive, but the question is, what kind of retirement do you want to have,” said David Martin, vice president of strategy and business management at Fidelity Investments.

Years of medical school followed by low-paying residencies mean that doctors start saving for retirement an average of seven to 10 years later than other people in their age bracket.

“They start kind of behind the eight-ball,” said Jason Dyken, president and CEO of Dyken Wealth Strategies.

Many new doctors are also burdened with six-figure med school loans, said Dyken, a former doctor himself. “Even though they make good salaries, they have a lot of debt they have to take care of,” he said.

Doctors often put off big purchases like homes and new cars until they’re established in their careers, creating “a lot of pent-up demand for buying things,” Martin said.

“Culturally, they really feel after those years of medical school… [they] are ready to experience a little bit of life and experience some comforts of life, and sometimes they go a little bit overboard, particularly on the house,” said Mike PeQueen, managing director and partner at HighTower Advisors.

There’s also a subtle kind of peer pressure that encourages presenting the appearance of being well-off.

“There’s this perception — doctors feel like they have to live a certain lifestyle,” Dyken said, “in order to be seen in the community as a successful professional.”



To: i-node who wrote (771839)2/27/2014 4:09:37 PM
From: Taro2 Recommendations

Recommended By
i-node
jlallen

  Respond to of 1574483
 
Well, we know, for example, that a vast number of Americans will lose their jobs as a direct result of Obamacare.

Of course - and Obama and his gang know that only too well - actually this very fact is part of their plan A: Hook them all on hand-overs and we have safe voters wins!

/Taro



To: i-node who wrote (771839)2/27/2014 4:28:20 PM
From: combjelly2 Recommendations

Recommended By
bentway
J_F_Shepard

  Read Replies (3) | Respond to of 1574483
 
Well, we know, for example, that a vast number of Americans will lose their jobs as a direct result of Obamacare

We know no such thing.

but there are at least 2.5 Million people around the country who are injured by ACA.

I think you are just making stuff up now.

And there are those -- probably a couple million as of now -- who DID have insurance on September 30 of last year who don't have it now, as a result of their policies having been cancelled and the Obamacare plans being unaffordable for them.

And out of those millions, the Republicans can't find one with a plausible story...

Again, just making it up as you go along.