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Glad to pay union dues
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<blockquote data-quote="pretzel_man" data-source="post: 607319" data-attributes="member: 927"><p>Blue:</p><p> </p><p>What if it was your IRA? What if you expected that investment to carry you through retirement? That reduction in profit means that there is much less there than one thought...</p><p> </p><p>Think of it this way. At some level, your own retirement is invested in the stock market. Hopefully, the people investing it has a very good portfolio.</p><p> </p><p>If the stocks that your own pension is invested in go down significantly (due to loss of profits), you pension would be affected.</p><p> </p><p>Loss of profit isn't really just discretionary income.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 607319, member: 927"] Blue: What if it was your IRA? What if you expected that investment to carry you through retirement? That reduction in profit means that there is much less there than one thought... Think of it this way. At some level, your own retirement is invested in the stock market. Hopefully, the people investing it has a very good portfolio. If the stocks that your own pension is invested in go down significantly (due to loss of profits), you pension would be affected. Loss of profit isn't really just discretionary income. P-Man [/QUOTE]
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Glad to pay union dues
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