I make black eyed peas once a year for good luck and good leftovers. This year will be different. One of my goals for the year is to make black eyed peas more than once a year. “What’s all the chopping I hear?” “I’m making a vegetarian version of my world famous Badass Black Eyed […]
Someone wanted to make a German Chocolate Cake for her birthday. Third store, strike three. Not a single baking bar for this cake to be found. To avoid having the trip become an absolute failure I stocked up on some dried beans. Picked up more beans for my Badass Black Eyed Peas – 2021 and more […]
This recall was started after the company discovered that the packages may contain tuna salad instead of chicken salad. And that is not reflected on the label. Chicken Salad Croissants Recalled For Undeclared Fish — https://foodpoisoningbulletin.com/2022/chicken-salad-croissants-recalled-for-undeclared-fish/ OOPS
This weekend the writing Mojo returned. I’ve begun exploring bits and pieces of writing from the past and abandoned my pursuit of perfection. A few hours of work, rewrites, and editing produced two short “potato chip” chapters of The Future Best Seller. You’ll find new chapter links in the top menu. It helps having the […]
Start here – https://d-belardo-md.medium.com/top-tips-for-transitioning-to-a-plant-based-diet-or-how-to-just-eat-more-plants-57285947bb68 Originally from New York, Dr. Belardo relocated to Philadelphia after college to start her medical career. She earned her medical degree (MD) from Drexel University College of Medicine, then completed her 3 year Internal Medicine Residency at Temple University Hospital where she became board certified in Internal Medicine in 2017. Dr. […]
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.