Comments on: California’s clever opt-out retirement idea http://blogs.reuters.com/felix-salmon/2012/08/31/californias-clever-opt-out-retirement-idea/ A slice of lime in the soda Wed, 22 May 2013 22:47:13 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: erikjay http://blogs.reuters.com/felix-salmon/2012/08/31/californias-clever-opt-out-retirement-idea/comment-page-1/#comment-45211 erikjay Fri, 14 Dec 2012 19:33:45 +0000 https://blogs.reuters.com/felix-salmon/?p=17181#comment-45211 Wow. I can tell you're not kidding, although I could easily imagine reading this in 'The Onion' or seeing a skit on YouTube. California has turned a putatively golden state into the one with the worst credit rating in the country. With a Dem supermajority, and pols who actually tried to ban an entire genre of music last year, you are out of your gourd if you think they can be trusted with even MORE money. What freakin' planet are you people on? How many more lies, broken promises, and outright authoritarian police-state maneuvers do you need to convince you it's all crap? Good grief... No wonder we fell, since 9/11, into about 20TH PLACE on the various 'freedom' listings, and not just the libertarian ones, either. California is doomed, period. There is no saving the status quo -- to which I say, Yippee! Wow. I can tell you’re not kidding, although I could easily imagine reading this in ‘The Onion’ or seeing a skit on YouTube. California has turned a putatively golden state into the one with the worst credit rating in the country. With a Dem supermajority, and pols who actually tried to ban an entire genre of music last year, you are out of your gourd if you think they can be trusted with even MORE money. What freakin’ planet are you people on? How many more lies, broken promises, and outright authoritarian police-state maneuvers do you need to convince you it’s all crap? Good grief… No wonder we fell, since 9/11, into about 20TH PLACE on the various ‘freedom’ listings, and not just the libertarian ones, either. California is doomed, period. There is no saving the status quo — to which I say, Yippee!

]]> By: y2kurtus http://blogs.reuters.com/felix-salmon/2012/08/31/californias-clever-opt-out-retirement-idea/comment-page-1/#comment-42732 y2kurtus Wed, 05 Sep 2012 01:31:47 +0000 https://blogs.reuters.com/felix-salmon/?p=17181#comment-42732 Cali's idea is a good start. No reason at all to guarentee investment returns. That's simply unnatural. There's also no reason to invest so heavily in the lowest possible return asset class. Still though... even if it's heavy handed and restricts Americans god given right to spend all their money it's better than taxing the prudent to support the spendthrifts. Cali’s idea is a good start. No reason at all to guarentee investment returns. That’s simply unnatural. There’s also no reason to invest so heavily in the lowest possible return asset class.

Still though… even if it’s heavy handed and restricts Americans god given right to spend all their money it’s better than taxing the prudent to support the spendthrifts.

]]> By: Curmudgeon http://blogs.reuters.com/felix-salmon/2012/08/31/californias-clever-opt-out-retirement-idea/comment-page-1/#comment-42698 Curmudgeon Tue, 04 Sep 2012 17:53:25 +0000 https://blogs.reuters.com/felix-salmon/?p=17181#comment-42698 Why would it have to be guaranteed? To be fair, I have a guess as to why you say that, but it's not especially self-evident as you believe. Or as important. Why would it have to be guaranteed? To be fair, I have a guess as to why you say that, but it’s not especially self-evident as you believe. Or as important.

]]> By: TFF http://blogs.reuters.com/felix-salmon/2012/08/31/californias-clever-opt-out-retirement-idea/comment-page-1/#comment-42672 TFF Tue, 04 Sep 2012 02:27:34 +0000 https://blogs.reuters.com/felix-salmon/?p=17181#comment-42672 "For instance, the returns might have a floor at 2%, and a ceiling at 8%." The proposal made reasonable sense until I got to this point -- better to pay an insurer for that floor and simply deduct the premium from the returns. Assuming management costs are kept to a minimum, this would still beat most mutual funds. “For instance, the returns might have a floor at 2%, and a ceiling at 8%.”

The proposal made reasonable sense until I got to this point — better to pay an insurer for that floor and simply deduct the premium from the returns. Assuming management costs are kept to a minimum, this would still beat most mutual funds.

]]> By: BryanWillman http://blogs.reuters.com/felix-salmon/2012/08/31/californias-clever-opt-out-retirement-idea/comment-page-1/#comment-42635 BryanWillman Sat, 01 Sep 2012 03:10:12 +0000 https://blogs.reuters.com/felix-salmon/?p=17181#comment-42635 All of this misses another huge point - amassing cash via conservative investments will help each individual some, but unless it's actually invested in activities that actually grow the economy, demographic and supply issues will limit the utility of such savings. All of this misses another huge point – amassing cash via conservative investments will help each individual some, but unless it’s actually invested in activities that actually grow the economy, demographic and supply issues will limit the utility of such savings.

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