If the feds succeed in passing laws that drive people only to banks for their retirement and investments, what will that mean to the middle class?

If the feds succeed in passing laws that drive people only to banks for their retirement and investments, what will that mean to the middle class?
by

1 Answer

Answer :

answer:I can’t imagine anything like that will ever pass. Plus, banks usually have an investment arm. Maybe the bill isn’t about only being able to get the same interest as savings, but about how secure the investment is? I’d have to see just what laws they are trying to change. The majority of people with a lot of money and power will not be on board with putting all their retirement money in what would be equivalent to a savings account so I wouldn’t worry much about it.
by

Related questions

What does "liquidity" mean in a basic economic terms?

Description : What does "liquidity" mean in a basic economic terms?

Last Answer : “Liquidity” is the ease with which assets can be converted, usually into cash. More “liquid” assets are ones which can be sold or traded more easily (like a bicycle), less liquid ones are more difficult to sell or trade (like a house).

Benefit from stepped-up basis by having my parents buy stock for me?

Description : Benefit from stepped-up basis by having my parents buy stock for me?

Last Answer : Get a tax lawyer and don’t ask on a random inter-web site what to do with your money. It could go the ASPCA or homeless shelter if their will is not directed to you.

Under what circumstances do taxes go up in the US?

Description : Under what circumstances do taxes go up in the US?

Last Answer : This site appears to have the federal tax brackets per year going back to 2000 if you want to look at the historical rates. But who knows what will happen with taxes.

Do you have a Roth IRA?

Description : Do you have a Roth IRA?

Last Answer : answer:If you make the same amount of money and tax rates never change your whole life the IRA and the Roth IRA will result in the same amount being taxed and the same amount being saved. ... being taxed at the lower brackets and at the higher brackets as they age and their careers/salaries mature.

I have a high tolerance for bullshit, what steps do I take to begin to change?

Description : I have a high tolerance for bullshit, what steps do I take to begin to change?

Last Answer : answer:Life is about adaptation. Even on a biological level, organisms go through three stages: performance, feedback, revision. In natural selection organisms do something and if it doesn't work effectively the process is ... any time, and you don't have to put up with anything you don't want to!

At the end of the year, would you rather have your salary 10% higher, or the stock market 10% higher?

Description : At the end of the year, would you rather have your salary 10% higher, or the stock market 10% higher?

Last Answer : My salary, obviously.

As of Feb 13,2011, what is the current interest rate for 5year T-notes ?

Description : As of Feb 13,2011, what is the current interest rate for 5year T-notes ?

Last Answer : Here you go.

Making a plane reservation, and when I put in my credit card info, it also asked about social security card (last four digits), and other stuff. Why?

Description : Making a plane reservation, and when I put in my credit card info, it also asked about social security card (last four digits), and other stuff. Why?

Last Answer : Is it just about verifying the credit card or could it be an anti-terrorism thing, where they have to do a background check on you or something? I haven’t flown in a long time, so I’m not up to date on this stuff.

Can you recommend some things I should think about and/or investment opportunities I should consider (e.g. 401k, Roth IRA, etc) and how to decide where to start?

Description : Can you recommend some things I should think about and/or investment opportunities I should consider (e.g. 401k, Roth IRA, etc) and how to decide where to start?

Last Answer : The most important thing is just to start!

What is the most robust personal finance software?

Description : What is the most robust personal finance software?

Last Answer : I’ve been using the web site Mint – check it out.

What percentage are portfolios losing during this challenged economy?

Description : What percentage are portfolios losing during this challenged economy?

Last Answer : Are you talking about retirement portfolios? Mine is actually on the rise.

Can you rent a home with bad credit?

Description : Can you rent a home with bad credit?

Last Answer : Yes, but not easily.

I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Description : I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Last Answer : For medical bills, you can make small payments to the hospital every month and as long as you’re paying off the loan, they can’t write it off as un upaid bill. So pay them $15 a month and use the extra $ to pay off your credit cards.

Some friends in college are already into personal budgeting and financial planning. I’d like to do it myself. Any help here?

Description : Some friends in college are already into personal budgeting and financial planning. I’d like to do it myself. Any help here?

Last Answer : Keep track of your spending over a month or two and categorize every dime. Use that information to decide what types of spending you can cut, then prepare a budget.

Nominees for the Penny-Pinchers Hall of Fame?

Description : Nominees for the Penny-Pinchers Hall of Fame?

Last Answer : answer:There is and has been always my mother and the infamous tea bag. After her cuppa, she would put the used bag in the refridge. Days later we used to find these dried-up dead objects in little dishes. ... tea and eye shadow she has the little box w. the mirror on the lid and the teeny brush.)

Housing as a percent of income?

Description : Housing as a percent of income?

Last Answer : answer:Mortgage lenders figure your debt to income ratio using your net income. The figure they use includes principal, interest, taxes and insurance, if there are homeowners association dues, those will be included ... FHA/VA loans are figured using net income, I'm not sure if that is true anymore.

Whats a personal data link?

Description : Whats a personal data link?

Last Answer : A personal data link is a device that you can use to access your files by connecting the device to your data storage. A virtual personal data link is a program that creates an organizational ... device. You can access your own files through traditional methods without requiring this device to do so.

What collectable items and investments would make a good alternative to a retirement pension?

Description : What collectable items and investments would make a good alternative to a retirement pension?

Last Answer : Little toy coffins made from precious metals.

Do you manage your own retirement investments or do you consult w/ a financial planner?

Description : Do you manage your own retirement investments or do you consult w/ a financial planner?

Last Answer : We do it all ourselves through Vanguard, we look for good mutual funds with long term gains. I used to have a planner, but then realized with a little bit of work on my part, I didn’t need one and in the end I’m saving money because I cut out the middle man.

How would you feel if you found out you were being spied on by the feds?

Description : How would you feel if you found out you were being spied on by the feds?

Last Answer : i wouldnt like it at all…..but who knows with terrorism?? back in the 80s when I was wild, there was a picture of me in the Memphis FBI office. I certainly wasnt a terrorist, just a mutant. I know you feel violated. I’m sorry you have to go through it.

What paperwork do you have to file with the state, city and feds to register a business?

Description : What paperwork do you have to file with the state, city and feds to register a business?

Last Answer : I think you can call the Dep'ts of Revenue for your state and city to find out about taxes - how to record, how to report, how much will be due. If your business is not incorporated, you ... those books for Dummies - you can probably learn what you want to without even leaving Barnes & Noble.

What do many banks consider student loans risky investments?

Description : What do many banks consider student loans risky investments?

Last Answer : They can't provide Collateral - Apex : )

SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments? A) 0.2% B) 0.4% C) 0.6% D) 0.8% E) None of these

Description : SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments? A) 0.2% B) 0.4% C) 0.6% D) 0.8% E) None of these

Last Answer : C) 0.6% Explanation: Based on the methodology announced by the central bank, SBI will need to maintain additional capital equivalent to 0.6 per cent of its loans and investments while ICICI will need to maintain 0.2 per cent more.

In your opinion, are introverts, extroverts, or those who linger in the middle more likely to succeed?

Description : In your opinion, are introverts, extroverts, or those who linger in the middle more likely to succeed?

Last Answer : Both can be equally successful. Maybe not at the same thing, however. An introvert may be able to write an amazing novel or perfect hyper-realism in painting. These things require a great deal ... ways to define success, regardless of personality characteristics, we all have a shot at finding it.

The National Educational Policy of 1979, recommended also about the public schools Options: A) their uniquencies and traditions have to preserved the interests of the best talents of the country B) they should be brought under laws and regulations of the government public education system C) they must be allowed the autonomy that was bestowed on the by the past system of education D) suitable ratio has to be maintained for admission of middle class and poor student also.

Description : The National Educational Policy of 1979, recommended also about the public schools Options: A) their uniquencies and traditions have to preserved the interests of the best talents of the country B) they ... D) suitable ratio has to be maintained for admission of middle class and poor student also.

Last Answer : D) suitable ratio has to be maintained for admission of middle class and poor student also.

Which of the following is NOT a major influence on the rate of compensation? (a) Competition ; (b) Voluntary retirement ; (c) Laws ; (d) Unions

Description : Which of the following is NOT a major influence on the rate of compensation? (a) Competition ; (b) Voluntary retirement ; (c) Laws ; (d) Unions

Last Answer : (a) Competition ;

An important point highlighted in the passage is that (1) only a trained counsellor can help you make the right career choice. (2) it is our abilities, strengths and weaknesses that help us succeed in our career. (3) there is not much use of making a plan - very few people get their plans fulfilled. (4) many people do not get to pursue the career of their choice because circumstances, ides and people change

Description : An important point highlighted in the passage is that (1) only a trained counsellor can help you make the right career choice. (2) it is our abilities, strengths and weaknesses that help us ... many people do not get to pursue the career of their choice because circumstances, ides and people change

Last Answer : (2) it is our abilities, strengths and weaknesses that help us succeed in our career.

As far as passing an emissions test, what are the laws in your State or Province?

Description : As far as passing an emissions test, what are the laws in your State or Province?

Last Answer : Emission tests in my state for cars newer than 1996 is “On Board Diagnostics” OBD using the plug in the car, behind the dashboard. They check wipers, lights, horn and glass (including darkened windows – 80% transparency required)

Why do you think the constitution forbids congress from passing ex post facto laws?

Description : Why do you think the constitution forbids congress from passing ex post facto laws?

Last Answer : The constitution prohibits making a law ex post facto because itwould retroactively change the rules of evidence in a criminalcase, retroactively after the definition of a crime, increasepunishment retroactively or punish conduct that was legal whencommitted.

What government is responsible for passing the laws?

Description : What government is responsible for passing the laws?

Last Answer : Feel Free to Answer

Establishing financial security has been identified as a developmental task of which of the following groups? a) Middle adult The middle adult’s tasks also include launching children, and refocusing on one’s marital relationship. b) Older adult The older adult’s tasks include adapting to retirement and declining physical stamina. c) Young adult The young adult’s tasks include establishing a lifestyle and independence. d) Teenager The teenager’s primary developmental tasks include developing an identity and intimacy.

Description : Establishing financial security has been identified as a developmental task of which of the following groups? a) Middle adult The middle adult's tasks also include launching children, and ... . d) Teenager The teenager's primary developmental tasks include developing an identity and intimacy.

Last Answer : a) Middle adult The middle adult’s tasks also include launching children, and refocusing on one’s marital relationship.

Co-operative banks are regulated by the Reserve Bank of India under _________ A. Banking Regulation Act, 1949 B. Banking Laws (Application to Co-operative Societies) Act, 1965 C. Both (A) and (B) D. Negotiable Instrument Act–1881 E. None of the Above

Description : Co-operative banks are regulated by the Reserve Bank of India under _________ A. Banking Regulation Act, 1949 B. Banking Laws (Application to Co-operative Societies) Act, 1965 C. Both (A) and (B) D. Negotiable Instrument Act–1881 E. None of the Above

Last Answer : C. Both (A) and (B) Explanation: Co-operative banks are regulated by the Reserve Bank of India under the Banking Regulation Act, 1949 and Banking Laws (Application to Co-operative Societies) Act, 1965

In what ways do caseworkers commonly succeed and fail at their jobs? What are common talents and blind spots?

Description : In what ways do caseworkers commonly succeed and fail at their jobs? What are common talents and blind spots?

Last Answer : people interact with the world through the lens their personal experiences…overcoming a caseworker-worthy past or the opposite might be interesting. (i’ve known both flavors).

My head and tail both equal are, My middle slender as a bee. Whether I stand on head or heel Is quite the same to you or me. But if my head should be cut off, The matter's true, though passing strange Directly I to nothing change.What Am I? -Riddles

Description : My head and tail both equal are, My middle slender as a bee. Whether I stand on head or heel Is quite the same to you or me. But if my head should be cut off, The matter's true, though passing strange Directly I to nothing change.What Am I? -Riddles

Last Answer : The figure eight.

Has anyone read this book about the science behind why people succeed or fail?

Description : Has anyone read this book about the science behind why people succeed or fail?

Last Answer : Listened to audio book Here it is- Good idea/poor execution= low chance of success Poor idea/good execution= low chance of success Good idea/good execution= high chance of success Who knew?! It is a “fad” book. Like the Marie Kondo tidy book. Or Sapiens.

Do ambitious people tend to succeed?

Description : Do ambitious people tend to succeed?

Last Answer : answer:It depends on your definition of success. I found for me at least that the only way I succeed at getting from point A to point B in my life is to set goals. The bigger the the goal more than likely ... Right now my goal is to finish this cup of coffee so I can wake up and get my a$$ to work!

What functions do financial institutions traditionally perform? A. They mobilize savings and investments. B. They expand risk. C. They spread risk. D. They offer only short-term finance.

Description : What functions do financial institutions traditionally perform? A. They mobilize savings and investments. B. They expand risk. C. They spread risk. D. They offer only short-term finance.

Last Answer : They mobilize savings and investments.

In the calculation of return on shareholders investments the referred investment deals with A. All reserves B. Preference and equity capital only C. All appropriations D. All of the above

Description : In the calculation of return on shareholders investments the referred investment deals with A. All reserves B. Preference and equity capital only C. All appropriations D. All of the above

Last Answer : D. All of the above

Do you sometimes consider how crazy it is for us to drive 70 MPH passing within feet of other cars going 70 the opposite direction?

Description : Do you sometimes consider how crazy it is for us to drive 70 MPH passing within feet of other cars going 70 the opposite direction?

Last Answer : Not so much trust as lack of decent alternatives in most cases. Other than quit driving.

Will you share how a past failure helped you succeed?

Description : Will you share how a past failure helped you succeed?

Last Answer : As in succeeding in life or succeed in obtaining wealth or a job? Not sure what you would quantify as success.

If you printed out a fake parking ticket, and clamped it under your wiper, so you could park for free, how likely is it for this ploy to succeed?

Description : If you printed out a fake parking ticket, and clamped it under your wiper, so you could park for free, how likely is it for this ploy to succeed?

Last Answer : Wow! Brilliant idea. Would only work during the shift change for the bylaw officer. They would remember who got what parking tickets.

Do you think **** giant AB InBev's offer to buy SABMiller could/should succeed?

Description : Do you think beer giant AB InBev's offer to buy SABMiller could/should succeed?

Last Answer : Of course nobody involved with the deal gives a shit what happens to you, the employees, or any community, region or country negatively effected. It’s never personal, just business.

Do you believe New Year's resolutions work and, if so, what techniques help you succeed?

Description : Do you believe New Year's resolutions work and, if so, what techniques help you succeed?

Last Answer : answer:The only one that's ever worked for me so far was when I decided to quit smoking. The 12th of this month will be a year (wooohooooo!). I decided to quit cold turkey, which was ... . It gave me something positive to focus on, rather than just trying to avoid giving in to horrible temptation.

Have you ever skipped a lot of school/work and still manage to succeed in life?

Description : Have you ever skipped a lot of school/work and still manage to succeed in life?

Last Answer : I barely did any 5 day weeks in 10th grade. I never skipped a class when I was already at school, but I skipped a lot of days that school year. I would never have skipped if school started later. I was just exhausted.

Do you think this experiment will succeed?

Description : Do you think this experiment will succeed?

Last Answer : Hah! Good question. I don’t know the answer, but I hope it’s “yes”.

Where did Blair Witch Project and Paranormal Activity succeed where other films of the same genre failed?

Description : Where did Blair Witch Project and Paranormal Activity succeed where other films of the same genre failed?

Last Answer : They both were fairly original in their approach to film making and were well scripted and directed. 1, 2, 3 combination for a successful film.

What connection is there between perceived popularity of one's first name and tendency to succeed or commit crime?

Description : What connection is there between perceived popularity of one's first name and tendency to succeed or commit crime?

Last Answer : answer:I don’t care about people who haven’t committed crimes yet. When they do, I don’t care what their name is. As a personal observation, every guy I’ve known named Josh has been arrested for something.

Which salesperson would you expect to succeed out of these two types?

Description : Which salesperson would you expect to succeed out of these two types?

Last Answer : You nailed it with B person. people who sit on their duff are definetely not going anywhere. their salary proves this. B it is.

Pat Robertson says Haiti Quake God's punishment for deal with devil that let the Hatian slave rebellion succeed 200 years ago. Are we to believe a loving God is that heartless?

Description : Pat Robertson says Haiti Quake God's punishment for deal with devil that let the Hatian slave rebellion succeed 200 years ago. Are we to believe a loving God is that heartless?

Last Answer : If any of this silly shit was true, it would show the devil being a far more compassionate being.