As promised, the skeptical cardiologist has reviewed, refurbished, republished and revised his first ever post (first published 12/27/2012) which challenged the advice presented by the Dietary Guidelines for Americans, the American Heart Association, and every mainstream nutritional guideline published since 1985. I’ve added some links to subsequent posts which support my statements, improved the formatting,… Does […]
Krista Navin has been a vegetarian since she was a teen, and says these imitation meats have been creeping onto more menus. It really hit home when Burger King replaced its veggie patty — made by vegetarian stalwart brand Morningstar Farms — with the Impossible Whopper. “I find those types of burgers uniquely off-putting,” Navin […]
Eggs are a rich source of dietary cholesterol, but they also contain a variety of essential nutrients. There is conflicting evidence as to whether egg consumption is beneficial or harmful to heart health. A 2018 study published in the journal Heart, which included approximately half a million adults in China, found that those who ate […]
The pups back in July. As I brushed away brown winter leaves from the base of a hydrangea, I noticed that a mature branch had touched the ground. Roots had emerged and grabbed hold, and now a green stem and leaves rose from the contact point. So That’s Where Baby Hydrangeas Come From – https://nittygrittydirtman.com/2013/05/08/so-thats-where-baby-hydrangeas-come-from/ Picture […]
There are a growing number of diet choices that promote healthier eating. Common among several of the most-well known diets (e.g., paleo, Mediterranean, vegan), is an emphasis on the consumption of plant-based foods (sometimes alongside animal protein, sometimes without), and the avoidance of added sugar, refined grains, and ultra-processed foods. There is increasing evidence that […]
lifeunderwriter.net 
This was a very good and sadly sobering article. It is the reality of things, and I must face the facts. But it is kind of depressing to see such a huge portion of what I have saved and invested for the last 55 years, at least on paper, be gone in an instant. And I doubt that I have enough years remaining to see this recovery.
But at least I am a lucky one who has both Social Security and a military pension. So I have enough for day-to-day living expenses. And there is still enough in savings and investments to pay for the occasional large purchases that come up, such as the refrigerator I had to buy this past weekend to replace the one that was dying.
I was trying to edit and pressed send too soon. What I meant to say was I doubt that I have enough years remaining to see the stock market recover.
We probably don’t have enough time remaining either to see the stock market recover. We fortunately have a small DB pension plan benefit that started sending checks already. Both of us are still working and thus deferring any SS payouts. Yes, the Bloomberg article is sobering and in the near future as a nation we’ll all have to figure out how to feed and shelter a lot of our population.
What does DB stand for? I wonder how the nation fed and sheltered people during the Great Depression? My parents were high school and college age in 1929. I remember my mother saying she was one of two in her college graduating class to get a job. My father graduated from college and returned to his hometown to work as a newspaper reporter. Which he did until World War II started.
DB is defined benefit as in a fixed monthly payment. You’ll see DC or defined contribution as in IRA’s and 401k accounts where your monthly benefit is not fixed, nor guaranteed and the investment risk is with the individual and not a corporation/business. So my defined benefit plan is like your military pension.
Got it. Thanks for the explanation!
I believe I was faced with the decision when I reached a certain age with a couple annuities I own. I could annuitize and receive fixed income for life or for a certain number of years. Or I could just leave the money in the annuity and withdraw it as needed, first taking out money that would be considered as contributed so I wouldn’t have to pay regular rate income tax. Something like that.