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	<title>Comments on: What the Government Retirement Stimulus Means for You</title>
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	<link>http://www.mint.com/blog/trends/what-the-government-retirement-stimulus-plan-means-for-you/</link>
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		<title>By: kenny</title>
		<link>http://www.mint.com/blog/trends/what-the-government-retirement-stimulus-plan-means-for-you/comment-page-1/#comment-43877</link>
		<dc:creator>kenny</dc:creator>
		<pubDate>Tue, 05 Jan 2010 14:07:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=6025#comment-43877</guid>
		<description>WISHING YOU A PROPEROUS 2010….
 
BUY Australian blue chips stocks and hold them for your retirement income!

Australia&#039;s positive GDP growth has been in an UNBROKEN uptrend for the last 17 years. This unblemished economic growth which now is accelerating due to expanding resource exports to China and India, this will return profits far in excess of the average US growth.

Take for example WESTFIELD, if you invested just $1,000 into it 40 years ago and then reinvested the dividends, it would now be worth over $100 million dollars!!!

AUSTRALIAN’S (4) BANK STOCKS are exceptional growth and dividend machines with their monopolistic position in both Australia &amp; NZ, they have continually returned growth rates of 20% p.a. with additional 6% p.a. fully franked dividends (NO TAX).

Presently any of the BANKS in Australia are fantastic investments.
ANZ
CBA
NAB          (Also owns 100% Michigan National Bank)
WESTPAC

Only 8 banks in the WORLD now have AA+ ratings, so the Australian Banks count for 50%.

“Fortune favors the brave”</description>
		<content:encoded><![CDATA[<p>WISHING YOU A PROPEROUS 2010….</p>
<p>BUY Australian blue chips stocks and hold them for your retirement income!</p>
<p>Australia&#8217;s positive GDP growth has been in an UNBROKEN uptrend for the last 17 years. This unblemished economic growth which now is accelerating due to expanding resource exports to China and India, this will return profits far in excess of the average US growth.</p>
<p>Take for example WESTFIELD, if you invested just $1,000 into it 40 years ago and then reinvested the dividends, it would now be worth over $100 million dollars!!!</p>
<p>AUSTRALIAN’S (4) BANK STOCKS are exceptional growth and dividend machines with their monopolistic position in both Australia &amp; NZ, they have continually returned growth rates of 20% p.a. with additional 6% p.a. fully franked dividends (NO TAX).</p>
<p>Presently any of the BANKS in Australia are fantastic investments.<br />
ANZ<br />
CBA<br />
NAB          (Also owns 100% Michigan National Bank)<br />
WESTPAC</p>
<p>Only 8 banks in the WORLD now have AA+ ratings, so the Australian Banks count for 50%.</p>
<p>“Fortune favors the brave”
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		<title>By: C G Black</title>
		<link>http://www.mint.com/blog/trends/what-the-government-retirement-stimulus-plan-means-for-you/comment-page-1/#comment-39058</link>
		<dc:creator>C G Black</dc:creator>
		<pubDate>Thu, 08 Oct 2009 11:40:28 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=6025#comment-39058</guid>
		<description>The reason the administration wants us to save for retirement is NOT for our retirement.  The real reason the administration wants us to save is so the Government can have another source of revenue.  Washington is scheming now trying to come up with a plan to tax our retirement accounts.</description>
		<content:encoded><![CDATA[<p>The reason the administration wants us to save for retirement is NOT for our retirement.  The real reason the administration wants us to save is so the Government can have another source of revenue.  Washington is scheming now trying to come up with a plan to tax our retirement accounts.
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		<title>By: E</title>
		<link>http://www.mint.com/blog/trends/what-the-government-retirement-stimulus-plan-means-for-you/comment-page-1/#comment-37499</link>
		<dc:creator>E</dc:creator>
		<pubDate>Thu, 17 Sep 2009 20:54:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=6025#comment-37499</guid>
		<description>SS would not be in as much trouble as it is now if congress didn&#039;t abuse the SS Trust and the program itself over the years.

&quot;Throughout the 1950s and 1960s, during the phase-in period of Social Security, Congress was able to grant generous benefit increases because the system had perpetual short-run surpluses. Congressional amendments to Social Security took place in even numbered years (election years) because the bills were politically popular, but by the late 1970s, this era was over. For the next three decades, projections of Social Security&#039;s finances would show large, long-term deficits, and in the early 1980s, the program flirted with immediate insolvency. From this point on, amendments to Social Security would take place in odd numbered years (years that were not election years) because Social Security reform now meant tax increases and benefit reductions. Social Security became known as the &quot;Third Rail of American Politics.&quot; Touching it meant political death.&quot;

&quot;As a result of these changes, particularly the tax increases, the Social Security system began to generate a large short-term surplus of funds, intended to cover the added retirement costs of the &quot;baby boomers.&quot; Congress invested these surpluses into special series, non-marketable U.S. Treasury securities held by the Social Security Trust Fund. Under the law, the government bonds held by Social Security are backed by the full faith and credit of the U.S. government. Because the government had adopted the unified budget during the Johnson administration, this surplus offsets the total fiscal debt, making it look much smaller[citation needed]. There has been significant disagreement over whether the Social Security Trust Fund has been saved, or has been used to finance other government programs and other tax cuts.&quot;

Source: http://en.wikipedia.org/wiki/Social_Security_(United_States)</description>
		<content:encoded><![CDATA[<p>SS would not be in as much trouble as it is now if congress didn&#8217;t abuse the SS Trust and the program itself over the years.</p>
<p>&#8220;Throughout the 1950s and 1960s, during the phase-in period of Social Security, Congress was able to grant generous benefit increases because the system had perpetual short-run surpluses. Congressional amendments to Social Security took place in even numbered years (election years) because the bills were politically popular, but by the late 1970s, this era was over. For the next three decades, projections of Social Security&#8217;s finances would show large, long-term deficits, and in the early 1980s, the program flirted with immediate insolvency. From this point on, amendments to Social Security would take place in odd numbered years (years that were not election years) because Social Security reform now meant tax increases and benefit reductions. Social Security became known as the &#8220;Third Rail of American Politics.&#8221; Touching it meant political death.&#8221;</p>
<p>&#8220;As a result of these changes, particularly the tax increases, the Social Security system began to generate a large short-term surplus of funds, intended to cover the added retirement costs of the &#8220;baby boomers.&#8221; Congress invested these surpluses into special series, non-marketable U.S. Treasury securities held by the Social Security Trust Fund. Under the law, the government bonds held by Social Security are backed by the full faith and credit of the U.S. government. Because the government had adopted the unified budget during the Johnson administration, this surplus offsets the total fiscal debt, making it look much smaller[citation needed]. There has been significant disagreement over whether the Social Security Trust Fund has been saved, or has been used to finance other government programs and other tax cuts.&#8221;</p>
<p>Source: <a href="http://en.wikipedia.org/wiki/Social_Security_(United_States)" rel="nofollow">http://en.wikipedia.org/wiki/Social_Security_(United_States)</a>
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		<title>By: Hans</title>
		<link>http://www.mint.com/blog/trends/what-the-government-retirement-stimulus-plan-means-for-you/comment-page-1/#comment-37373</link>
		<dc:creator>Hans</dc:creator>
		<pubDate>Wed, 16 Sep 2009 02:21:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=6025#comment-37373</guid>
		<description>@David... You think you can beat the market because of the inefficiencies, the moment they allow all to invest their SS individually, those who have time and means (more money than you) will gyp you... Computerised trading w/ time advantage and stuff will eat you dry... Plus, 5.2% for SS and 1.45% for medicare after retirement sounds good even when as a young single male I make over a 100k. Over a 35 year career I may contribute roughly $350,000, but healthcare in the last 15-20 years is worth a lot more, plus the SS benefits... This works even better for a vast majority (median household incomes of $50k), at least their health care in retirement is taken care of... And this is a kind of insurance, if you get in an accident tomorrow or a debilitating disease, god forbid either, you will be taken care of...

You may think you&#039;re very rational, but none is...</description>
		<content:encoded><![CDATA[<p>@David&#8230; You think you can beat the market because of the inefficiencies, the moment they allow all to invest their SS individually, those who have time and means (more money than you) will gyp you&#8230; Computerised trading w/ time advantage and stuff will eat you dry&#8230; Plus, 5.2% for SS and 1.45% for medicare after retirement sounds good even when as a young single male I make over a 100k. Over a 35 year career I may contribute roughly $350,000, but healthcare in the last 15-20 years is worth a lot more, plus the SS benefits&#8230; This works even better for a vast majority (median household incomes of $50k), at least their health care in retirement is taken care of&#8230; And this is a kind of insurance, if you get in an accident tomorrow or a debilitating disease, god forbid either, you will be taken care of&#8230;</p>
<p>You may think you&#8217;re very rational, but none is&#8230;
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		<title>By: Sucker born every day</title>
		<link>http://www.mint.com/blog/trends/what-the-government-retirement-stimulus-plan-means-for-you/comment-page-1/#comment-36716</link>
		<dc:creator>Sucker born every day</dc:creator>
		<pubDate>Wed, 09 Sep 2009 20:26:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=6025#comment-36716</guid>
		<description>@David

HAHAHA! Opt out of Social Security? I needed a good laugh. You can&#039;t have a Ponzi scheme without new investors. By allowing people to opt out and making them responsible for their own retirement (I would sign up in heartbeat) there will be no fresh suckers to pay the retirees who have paid in their entire working life.

Something has to give..</description>
		<content:encoded><![CDATA[<p>@David</p>
<p>HAHAHA! Opt out of Social Security? I needed a good laugh. You can&#8217;t have a Ponzi scheme without new investors. By allowing people to opt out and making them responsible for their own retirement (I would sign up in heartbeat) there will be no fresh suckers to pay the retirees who have paid in their entire working life.</p>
<p>Something has to give..
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		<title>By: MaxB</title>
		<link>http://www.mint.com/blog/trends/what-the-government-retirement-stimulus-plan-means-for-you/comment-page-1/#comment-36715</link>
		<dc:creator>MaxB</dc:creator>
		<pubDate>Wed, 09 Sep 2009 18:53:12 +0000</pubDate>
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		<description>Do Obama&#039;s proposals go into effect immediately, or in 2011, or are they just ideas at this point?  These proposals will not create a mandate for my employer, but I&#039;d like to know when I should start cajoling my employer and/or 401(k) plan administrator to implement these changes.</description>
		<content:encoded><![CDATA[<p>Do Obama&#8217;s proposals go into effect immediately, or in 2011, or are they just ideas at this point?  These proposals will not create a mandate for my employer, but I&#8217;d like to know when I should start cajoling my employer and/or 401(k) plan administrator to implement these changes.
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		<title>By: David@DINKS Finance</title>
		<link>http://www.mint.com/blog/trends/what-the-government-retirement-stimulus-plan-means-for-you/comment-page-1/#comment-36708</link>
		<dc:creator>David@DINKS Finance</dc:creator>
		<pubDate>Wed, 09 Sep 2009 15:27:38 +0000</pubDate>
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		<description>As a voice for the younger generation (20s) - LET US OPT OUT OF S.S.!  I want no part in a program that will eventually collapse and is unsustainable.  Let me opt out and instead of paying in to the program let me save it myself.  Sure it will make it tougher to pay off the current recepients, but I&#039;d rather do that and knock off the liability I am to the gov. in the future.

Plus, I can invest it a lot better than the current ponzi scheme we currently call &quot;social security.&quot;</description>
		<content:encoded><![CDATA[<p>As a voice for the younger generation (20s) &#8211; LET US OPT OUT OF S.S.!  I want no part in a program that will eventually collapse and is unsustainable.  Let me opt out and instead of paying in to the program let me save it myself.  Sure it will make it tougher to pay off the current recepients, but I&#8217;d rather do that and knock off the liability I am to the gov. in the future.</p>
<p>Plus, I can invest it a lot better than the current ponzi scheme we currently call &#8220;social security.&#8221;
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