I was fully out of the market by the month before the election and am considering taking funds from my SEP-IRA out before January in order to get 12 months of living expenses/property taxes etc.. in the bank. I've only got 6 months now but I plan on backing off when my taxes go up.
Just hunker down and make no purchases that will take any credit whatsoever. Then try to pay myself as little as possible and keep the rest of my income in operating expenses.
If anybody thinks this is "just" Bush's fault, they are wrong. Congress spends the money and sets the budget. The president has to veto or go along. The war on terror made him compromise when he should have fought the dems. Now we're all stuck.
Obama is a joke. Hillary must be living right for her to be lucky enough NOT to get the nomination and presidency. These next four years will be tough, but I've lived through the Carter idiocy, had to listen to the democrat congress fight Reagan, and 2 terms of the "Blow Job" president. So this pathetic, naive, fool straight out of the Jackson/sharpton school of "community activism" is in so far over his head he better be wearing black pants so the sh#t stains don't show after the world's thugs realize he's been GIVEN everything he's "achieved" and has no actual intellect or skills.
I'd like to know what the calculated annual rate of return would have to be for it to be profitable to take money out of your SEP-IRA? If an investment can make 20-30 pct. annually would it be worth it to take the tax and penalty hit? Any FReeper investment guru help would be appreciated.