Friday Brexit Posbang

Submitted by father fisch on June 24th, 2016 at 6:03 AM
Happy Friday, everybody. Have some extra coffee to help deal with your 401k losses today from the Brexit!

Comments

True Blue Grit

June 24th, 2016 at 6:43 AM ^

Their pounds will be like Confederate money now.  Good for those of us planning to travel over there though.  My daughter's tuition in London just got cheaper.

Vengeful Barbarian

June 24th, 2016 at 11:35 AM ^

Birmingham looks more like Bucharest since Karachi is not in the EU, but maybe you mean there are too many "brown" people there, which has more to do with the leftover effect of British Colonialism.

Anyway, there 2 million EU citizens living in the UK, and also about 1.3 million Britons (who?) living in the EU, so it goes both ways. 

 

And wait, who are the Britons again?

Goggles Paisano

June 24th, 2016 at 3:33 PM ^

How many employees do you have?  401k's are expensive and compliance heavy.  If you are not a big company with alot of employees, I would stay away from th 401k.  The SIMPLE you offer may be just fine.  SEP's are also great for small employers that have the cash flow and profits to sock away alot of tax deductible contributions each year.  

ScruffyTheJanitor

June 24th, 2016 at 10:02 AM ^

I read a study recently (that I am too lazy to find now) that said the biggest gains in retirement accounts we made by those opened when the market was down. If I remember correctly, i compared various retirement funds during a "crash" and those opend before and afterwards; these funds out performed the others by a surpiring amount-- It was worth like 2-5 more years of saving. 

aplatypus

June 24th, 2016 at 11:04 AM ^

and the security of the EU was a heavy chunk of the reason they stayed in the UK. UK citizens in Scotland overwhelmingly voted to stay in the EU, they were like 65-75% for staying. Used to travel there often and still know a bunch of people in Glasgow and Edinburgh - evne ones that voted to stay in the UK before are mega pissed at the English right now, because it was their old, angry people that voted enough to bounce from the EU split. Ireland is in about the same boat. 

champswest

June 24th, 2016 at 7:30 AM ^

but people want to make their own choices and not be told what they can or cannot do by some other country. Who will be next?

Have a great weekend, everybody.

GoBlueGoWings

June 24th, 2016 at 7:39 AM ^

My Grandpa turns 90 on saturday. Going to have a party for him. He may even go crazy and have a beer. I am guessing Milwaukee's Best.

Thanks for kicking butt in WWII.

cbs  america usa american flag criminalminds

 

Enjoy the weekend everyone.

Goggles Paisano

June 24th, 2016 at 3:37 PM ^

That's great man!  My Grandma just turned 91 and if my Grandpa were alive, he would also be 91.  He may have passed on the Milwaukee's best and opted for a Black Label.  I remember him coming home from work (he retired from Chrysler) and sending me down to the basement to get him a Black Label.  Great man and good memories!  Happy 90th to your Grandpa.