Saturday, May 31, 2008

ECON 101

OK, a loving cluebat for you. Life discriminates against the economically challenged. Case in point.
The most recent data released by the TSP show that 36.1 percent of active-duty military personnel are saving for their retirement through the 401(k)-type program. An additional 12.2 percent of the military reserves have joined the TSP.
Folks there are three words you have to understand here; Pre. Tax. Money. Roll that into the "if you don't see it; you don't miss it" concept with the time value of money, and the 63.9% of you are just throwing money out your window.

Now a free gift for you. If you have ignored my previous advice and have not subscribed to IBD, do so now. If you have not been listening to Gary Kaltbaum, do so now. Read both his book and the ones he recommends. If you want to know what works and what does not, his 26 MAR primer is required listening.

Stupid is as stupid does. Stop being stuck on stupid.


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