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Sunday Morning Coffee

Source: http://randomroger.blogspot.com/2009/04/sunday-morning-coffee_19.html
Posted on Sunday, April 19th, 2009 | In Market Commentary
Contributed by: Roger Nusbaum (http://randomroger.blogspot.com) -

a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://1.bp.blogspot.com/_7ZckZ-8naz0/SeoR7M1ERHI/AAAAAAAACiE/K8qb29LcEho/s1600-h/Cusick.jpg”img style=”margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 400px; height: 266px;” src=”http://1.bp.blogspot.com/_7ZckZ-8naz0/SeoR7M1ERHI/AAAAAAAACiE/K8qb29LcEho/s400/Cusick.jpg” alt=”" id=”BLOGGER_PHOTO_ID_5326089218072790130″ border=”0″ //aThe second portion of the a href=”http://online.barrons.com/article/SB124000828983730469.html”Barron’s editorial commentary/a contained this little nugget;br /br /span style=”color: rgb(0, 153, 0);”The Congressional Budget Office reported that payroll-tax receipts will barely cover Social Security benefits next fiscal year./spanbr /br /To repeat a href=”http://twitter.com/randomroger”my tweet/a from yesterday about this; uh-oh.br /br /Entitlements loom as a $50 trillion problem. The estimates about when it starts to run into trouble starts, I believe, in 2018 with some estimates call for it going under in 2042, if memory serves. Of course there are other folks who come up with much rosier scenarios. I don’t know what is right all I can tell you is that I am not planning on having it–if I am wrong then all the better.br /br /I write about this stuff every so often because I think it is important and interesting. I view it as a problem to be solved and I find learning about how others go about solving it to be very instructive. Over the years I relayed stories of how other folks are trying to figure this out which gets us to the above picture.br /br /That is long time (very long time) Boston Bruins announcer a href=”http://en.wikipedia.org/wiki/Fred_Cusick”Fred Cusick/a doing radio play-by-play for the Cape Cod Baseball League. Cusick retired from the Bruins in 1997 at age 78, did minor league hockey announcing for a while and now, at age 90, does the Cape Cod baseball. While it is safe to say announcing NHL games was not particularly lucrative when he started in 1952 it is also safe to say that save for something unusual (either behavioral or circumstantial) he does not need to work. For those who don’t know the Cape Cod league is a very short season during the summer for college players.br /br /While I don’t think getting announcing jobs is particularly easy (Jerry Seinfeld and George Costanza cover this in an episode called a href=”http://www.seinology.com/epguide/12.shtml”The Revenge/a), part time or seasonal work in things you enjoy the most are not that difficult to find. Sticking with sports, Joellyn’s retired uncle got a job offer a couple of years ago with a major league baseball team. The task would have actually tied in with his career, he ended up turning it down but it was not impossible to get. Here in Prescott we have three minor league teams each with three month seasons and a lot of the jobs go to people who appear to be of retirement age.br /br /There is all sorts of seasonal work in tourism. I know that there are jobs at the North Rim of the Grand Canyon to be had for the summer–this must also exist at other national parks as well. If you can accept that this is a problem to be span style=”font-style: italic;”solved /spanthen you should also accept that finding the solution right for you (something you really want to do and can fit in with your lifestyle) will require ingenuity and take time to put together for yourself.br /br /Aside from the mental and physical benefit working something close to full time for two or maybe three months a year is that it can be two or three months per year that you don’t need to take anything out of your portfolio. Depending on what the market does relieving your portfolio of 20% of its income burden could make a monumental difference.div class=”blogger-post-footer”img width=’1′ height=’1′ src=’http://res1.blogblog.com/tracker/8532070-6022735733995943060?l=randomroger.blogspot.com’//div

Last 5 posts by Roger Nusbaum





About Roger Nusbaum (http://randomroger.blogspot.com)
Roger Nusbaum is a portfolio manager with Your Source Financial of Phoenix, and the author of Random Roger's Big Picture Blog, which has been profiled in several top business publications, including Barron's and Forbes. Nusbaum has also been a financial consultant with Morgan Stanley, an investment counselor with Fisher Investments and an institutional equities and options trader with Charles Schwab. He holds a bachelor's degree in economics from San Diego State University

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