Sunday, Jul 27, 2014
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pjohnf - BGA lawsuit aims to lift veil on IHSA finances - Quincy, IL News - QuincyJournal.com
Fine let's make the IHSA open their books and meetings to scrutiny but state government should not be allowed to control high school sports. Government screws up everything it touches and we don't need state government screwing up high school sports too.
XBgCty - Quincy School Board votes to raise lunch prices - Quincy, IL News - QuincyJournal.com
How about if they get food stamps and a free lunch, the food stamp amount if lowered by what the free lunches cost. As that is double dipping. WHY should the taxpayers have to pay them twice of more for the same thing?
XBgCty - Quincy School Board votes to raise lunch prices - Quincy, IL News - QuincyJournal.com
If you get more then you paid in, it is an ENTITLEMENT. As it is someone else's money. If you get a deduction, you get to keep more of YOUR money. Liberals think the money people earn belongs to the government or other people, so if you get to keep some of the money you earn, liberals view that as an entitlement. There in lies the problem with this country. If you earn the money and you get…
AYHSMB - Quincy School Board votes to raise lunch prices - Quincy, IL News - QuincyJournal.com
These kids would do fine on rice, beans, PBJ and any number of CHEAP healthy foods that people have been getting by on for millennia. I know. My parents raised 6 and everyone of us was skinny, healthy, and had a full stomach every day. We were eligible for every program out there at the time, but my father would have none of it. We packed our lunches until the school system wouldn't allow it.…
CoolEdge - Quincy School Board votes to raise lunch prices - Quincy, IL News - QuincyJournal.com
There should be no cheating of course, but this is one place where tax money goes directly to making it a little easier to raise kids. I'm for that. I'm for a subsidy/entitlement/credit whatever ... for families raising children, even if they have seemingly marginal need. Money for school lunches is a rather direct way of providing that, with no way to directly divert that money. I guess…

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Early 401(k) withdrawals replace homes as America's piggy bank

2 months, 2 weeks ago From stltoday.com

From From stltoday.com:

Premature withdrawals from retirement accounts have become America’s new piggy bank, cracked open in record amounts during lean times by people such as Cindy Cromie, who needed the money to rent a U-Haul and start a new life.

Her employer, the University of Pittsburgh Medical Center, had outsourced Cromie’s medical transcription work. Cromie said the move cut her income by as much as 60 percent, at times leaving her with minimum-wage pay.

So, last year, at age 56, she moved about 90 miles from her home in Edinboro, Pa., into her mother’s basement. To make ends meet as she moved and then quit the job, Cromie pulled out $2,767 from her retirement savings.

“We made two trips, and it just got to be real expensive,” she said. “That money, it was a security that I needed.”

Still unemployed, Cromie is trying to avoid tapping what’s left of her retirement savings — $7,000 that would be subject to taxes and a 10 percent extra penalty if she touches it in the next two to three years, before she turns 59½.

It’s a small number that’s part of a much larger picture:

The Internal Revenue Service collected $5.7 billion in 2011 from penalties, meaning that Americans took out about $57 billion from retirement funds before they were supposed to.

The median size of a 401(k) is $24,400 as of March 31, with people older than 55 having $65,300, according to Fidelity Investments. Those funds can disappear quickly in retirement, and the early withdrawals indicate that the coming retirement crisis could be even more acute than expected.

“They get hit with the penalty at exactly the time when they’re the most vulnerable,” said Reid Cramer, director of the Asset Building Program at the New America Foundation, which tries to improve savings for lower-income families. “So it’s a real double-whammy.”

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