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If Pensions are becoming passe so where is new money going to come from to invest in railroads and industry

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Posted by Deggesty on Friday, March 13, 2015 9:15 PM

SALfan
 
zugmann

 

 
Murphy Siding

Two words:  Moon pies.

 

 

 

 

With RC Cola?

 

 

 

Breakfast of champions!

 

Champion Moon Pie eaters? or RC Cola swiggers?

Johnny

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Posted by Deggesty on Friday, March 13, 2015 9:18 PM

Murphy Siding

     The last time I saw RC cola was in vending machines in western Wisconsin.

 

How far back was that? Maybe I will remember to look for the beverage next month, when I am in the land where people know the right way to talk.

Johnny

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Posted by SALfan on Friday, March 13, 2015 9:41 PM

Deggesty

 

 
SALfan
 
zugmann

 

 
Murphy Siding

Two words:  Moon pies.

 

 

 

 

With RC Cola?

 

 

 

Breakfast of champions!

 

 

 

Champion Moon Pie eaters? or RC Cola swiggers?

 

 

Having the excellent taste to appreciate the finer things in life, like RC Cola and Moon Pies, makes one a champion-type person.

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Posted by Ulrich on Friday, March 13, 2015 9:44 PM

Just don't stand too close to an open flame..

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Posted by Murphy Siding on Friday, March 13, 2015 9:55 PM

Deggesty

 

 
Murphy Siding

     The last time I saw RC cola was in vending machines in western Wisconsin.

 

 

 

How far back was that? Maybe I will remember to look for the beverage next month, when I am in the land where people know the right way to talk.

 

 

 Yikes!  It may have been a while.  The bottles were glass, and the machine didn't take dollar bills. Surprise

Thanks to Chris / CopCarSS for my avatar.

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Posted by tree68 on Friday, March 13, 2015 9:59 PM

We can get RC here in the upper reaches of NY state.  I like it.  Used to drink a fair amount whilst at USAF tech school at Chanute AFB.

LarryWhistling
Resident Microferroequinologist (at least at my house) 
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There's one thing about humility - the moment you think you've got it, you've lost it...

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Posted by greyhounds on Friday, March 13, 2015 11:13 PM

Phoebe Vet
Just wait until all those people with self managed retirement savings retire. It will be an eye opener.

OH, I'm not so sure.  Some of us having "self managed retirement savings" might just surprise you with our uncanny ability to actually take care of ourselves like free, independent adults.  I'll start to find out in about 21 months and 18 days (but who's counting?)  I'll let you know.

Yes, I will participate in Medicare and Social Security.  It's not as if I was given much of a choice.

"By many measures, the U.S. freight rail system is the safest, most efficient and cost effective in the world." - Federal Railroad Administration, October, 2009. I'm just your average, everyday, uncivilized howling "anti-government" critic of mass government expenditures for "High Speed Rail" in the US. And I'm gosh darn proud of that.
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Posted by Phoebe Vet on Saturday, March 14, 2015 7:19 AM

greyhounds
 
Phoebe Vet
Just wait until all those people with self managed retirement savings retire. It will be an eye opener.

 

OH, I'm not so sure.  Some of us having "self managed retirement savings" might just surprise you with our uncanny ability to actually take care of ourselves like free, independent adults.  I'll start to find out in about 21 months and 18 days (but who's counting?)  I'll let you know.

Yes, I will participate in Medicare and Social Security.  It's not as if I was given much of a choice.

 

You cannot apply YOUR success across the board.

A person working in retail, houskeeping, or any other job that pays less than $20K cannot possibly put away enough money to support themselves in retirement.

I personally know a person who wiped her 401K out when she had a medical emergency.  I know two other people who withdrew all of theirs to avoid bankruptcy after their job evaporated in the big recession.

A HUGE portion of the population will not have enough to sustain them more than a couple of years.

Dave

Lackawanna Route of the Phoebe Snow

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Posted by Murphy Siding on Saturday, March 14, 2015 7:40 AM

Phoebe Vet

 

 
greyhounds
 
Phoebe Vet
Just wait until all those people with self managed retirement savings retire. It will be an eye opener.

 

OH, I'm not so sure.  Some of us having "self managed retirement savings" might just surprise you with our uncanny ability to actually take care of ourselves like free, independent adults.  I'll start to find out in about 21 months and 18 days (but who's counting?)  I'll let you know.

Yes, I will participate in Medicare and Social Security.  It's not as if I was given much of a choice.

 

 

 

You cannot apply YOUR success across the board..........

 

  I don't know that you can apply the lack of success(?) of some of the folks you know of accross the board either.  How would their situations turned out differently if they didn't have self managed retirement savings?

Thanks to Chris / CopCarSS for my avatar.

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Posted by dakotafred on Saturday, March 14, 2015 7:54 AM

Murphy Siding
 
Phoebe Vet

 

 
greyhounds
 
Phoebe Vet
Just wait until all those people with self managed retirement savings retire. It will be an eye opener.

 

OH, I'm not so sure.  Some of us having "self managed retirement savings" might just surprise you with our uncanny ability to actually take care of ourselves like free, independent adults.  I'll start to find out in about 21 months and 18 days (but who's counting?)  I'll let you know.

Yes, I will participate in Medicare and Social Security.  It's not as if I was given much of a choice.

 

 

 

You cannot apply YOUR success across the board..........

 

 

 

  I don't know that you can apply the lack of success(?) of some of the folks you know of accross the board either.  How would their situations turned out differently if they didn't have self managed retirement savings?

 

 

Exactly right. If Social Security is so great, why do people still even bother to put money away elsewhere for their old age?

Because some people have a less-than-prosperous retirement is a poor reason to foresee (wish?) bad luck for everybody else.

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Posted by Phoebe Vet on Saturday, March 14, 2015 8:32 AM

I'm not talking about Social Security, unless your plan is to eliminate it.  I am talking about the demise of defined benefit pension plans.

I would make a wager with you, but neither of us will be around long enough to collect.

Dave

Lackawanna Route of the Phoebe Snow

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Posted by dakotafred on Saturday, March 14, 2015 3:55 PM

We don't have to wait; successful 401K retirements are all around us now, and have been for some time.

One problem with those defined-benefit plans is that they're only as good as the continuing health of the company. (Ask former Enron employees.) Another is, unscrupulous employers are given the opportunity to cheat by forcing people out before they become fully vested.

Of course, many people think other people -- never themselves -- are too stupid to make their own arrangements. There are whole governments based on that proposition.

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Posted by Phoebe Vet on Saturday, March 14, 2015 4:10 PM

And there are just as many people who will NEVER be able to retire.

We have taken this thread far enough off course.  I quit.

Dave

Lackawanna Route of the Phoebe Snow

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Posted by Paul_D_North_Jr on Saturday, March 14, 2015 9:43 PM

jeffhergert
 

Paul_D_North_Jr

WORSE, MANY OF THE 'STOCK PICKERS' DON'T DO ANY BETTER THAN MONKEYS THROWING DARTS AT THE STOCK LISTING PAGE OF THE WALL STREET JOURNAL (several academic studies over the years have shown this to be literally true).  

  

Jeff 

The standard premise of that is with enough monkeys and typewriters - or today, computers with word-processing software (an infinite number of each), at least one of the monkeys will eventually start typing Shakespeare's plays . . . Whistling

Actually, with an infinite number of monkeys, at least one - and more accurately, many (technically, a likewise infinite number, but I digress . . . ) - will immediately start typing the Shakespearean plays !

And as for what the other monkeys are typing up ? 

Mischief I'm convinced their output becomes credit reports . . . sure seems like portions of mine have been created that way (Employer A's name at Employer B's address for Employer C's time, credit accounts that I never actually opened mysteriously appeared after a bank merger, etc.), and these errors persisted though changed in details after I tried to correct them by the directed procedure.  Fortunately, none of this nonsense adversely affected my credit score as far as I know, but still . . . Grumpy  

- Paul North. 

"This Fascinating Railroad Business" (title of 1943 book by Robert Selph Henry of the AAR)
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Posted by CShaveRR on Sunday, March 15, 2015 12:57 PM

Isn't that "RoC Co'Cola"?  (I think that's how Ray stevens sang it.)

I saw RC as an option in a smaller local restaurant within the past year (I had Diet Rite); that is usually a sign of an establishment not worth frequenting again.

Carl

Railroader Emeritus (practiced railroading for 46 years--and in 2010 I finally got it right!)

CAACSCOCOM--I don't want to behave improperly, so I just won't behave at all. (SM)

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Posted by K. P. Harrier on Monday, March 16, 2015 1:05 AM

A railfan colleague of mine was asked the question of this thread, and he conveyed that Warrant Buffett knows exactly where, and that is why his Berkshire-Hathaway bought BNSF …

----------------------------------------------------------------------------------------------------------------------------------- K.P.’s absolute “theorem” from early, early childhood that he has seen over and over and over again: Those that CAUSE a problem in the first place will act the most violently if questioned or exposed.

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