- Aug 25, 2014
- 6,359
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Legal question. My guess is the pension and annuity payouts are protected, too, otherwise the protected asset itself would be frozen and useless.
You’re probably correct...that sounds logical.
Legal question. My guess is the pension and annuity payouts are protected, too, otherwise the protected asset itself would be frozen and useless.
If Insti is a professor, it has to be at Alabama.
Legal question. My guess is the pension and annuity payouts are protected, too, otherwise the protected asset itself would be frozen and useless.
This thread, and @InstiGATOR1 in particular, has convinced me Dunning and Kruger only tested their theories in the workforce after spending time on message boards.
Either the phenomenon they made well known, illusory superiority, or the book title they wrote, “Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments”, would apply to Insti’s nonsense. A career in lecturing to children only makes this more obvious.
Yes, Insti, you are the only one to ever notice taxes or that Florida does not have income tax. Please tell me more, like your 25% inflation of the highest federal tax bracket possible during AP’s career. (The top possible rate was 39.6, not 50. the effective rate would have been lower, especially if you all are correct that he has so many child support obligations. The fact that you start at the wrong marginal rate only highlights the D-K effect at play).
BTW, Insti, when calculating his true spending, you also didn’t account for his investment advisor’s fee or the mutual fund expenses. How can we discuss mass wealth loss without diving into those details or the extra pump of vanilla AP likes with his Starbucks? We just are not smart enough. I’m going to search the internet for a cool picture to post.
Edit: cool, I found one and it’s been used before. This dog might be sniffing almost as hard as Insti is trying to seem super smart in this thread:
Listen little girl:
Upon being called out by you for my denseness and lack of realistic self reflection, I’m retreating from my self built intellectual podium made of balsa wood to just start calling you a little girl and a fascist
Listen little girl:
1. I only posted a small addition to the thread that while this guy pissed away a lot of money, in reality is was not as bad as the headline "salary" number indicates. It was a small point that I care little about.
2. Then some other little girl like you decide that was a big deal and claimed essentially no one in the world cares about net income.
3. I pointed out I do and I know lots of people similarly who do.
4. Then yet another (I think different but I don't bother checking the names of inane poster here) little girl like you put up a BS meter.
5. So I admitted AS I HAVE NOT ON THIS BOARD before what I do for a living so that he might see that his BS meter was the BS. I try not to make a big deal on message boards about what I do. I think their charm is that everyone from the CEO of a big company to the janitor can offer up their opinion and their opinion stands on its own not who they are.
6. Then you show up as another fascist little girl thinking you are going to tell me what I can and can not post, what abbreviation I can use, etc. That you little fascists think you are going to push me around is amusing. That you are so slow or so sloppy that you did not bother to read the thread and just piled on shows you nature. And no little Ms fascist you are not going to push me around.
Chair of a college economics department.
Personal attacks are against the Terms of Sevice.Listen little girl:
1. I only posted a small addition to the thread that while this guy pissed away a lot of money, in reality is was not as bad as the headline "salary" number indicates. It was a small point that I care little about.
2. Then some other little girl like you decide that was a big deal and claimed essentially no one in the world cares about net income.
3. I pointed out I do and I know lots of people similarly who do.
4. Then yet another (I think different but I don't bother checking the names of inane poster here) little girl like you put up a BS meter.
5. So I admitted AS I HAVE NOT ON THIS BOARD before what I do for a living so that he might see that his BS meter was the BS. I try not to make a big deal on message boards about what I do. I think their charm is that everyone from the CEO of a big company to the janitor can offer up their opinion and their opinion stands on its own not who they are.
6. Then you show up as another fascist little girl thinking you are going to tell me what I can and can not post, what abbreviation I can use, etc. That you little fascists think you are going to push me around is amusing. That you are so slow or so sloppy that you did not bother to read the thread and just piled on shows you nature. And no little Ms fascist you are not going to push me around.
Personal attacks are against the Terms of Sevice.
Oscar Wilde once wrote that “sarcasm is the lowest form of wit.” While he may have been right, I’m always a sucker for a good dose of it. In my book, this was a beaut.Just for the record, I’ve emailed Ox a dozen or so times over the years to get rid of that BS meter. It’s insulting. And who knows if it’s even accurate.
Sadly, I knew this day would come.
I won’t be.Great, I hope you bring that to the attention of the person who posted personal attacks on me.
It's more of a guideline and than a rule.Personal attacks are against the Terms of Sevice.
You beat me to it. Reading this article made me realize that Mark Twain was wrong when he said history doesn't repeat itself but it often rhymes. This situation with athletes repeats itself EVERY SINGLE YEAR! I am absolutely amazed that these guys continue to fall for being conned like this. I don't care how dumb or financially naive a person is, the fact is you don't need to be smart to avoid being scammed like this when you've heard 100's of horror stories of pro athletes before you that have fallen victim to this. All you have to do is say "No, I'm putting my money in a good old fashioned bank account at the local branch by my house rather than allow you to invest it for me in stuff I don't understand" or "No, I'm going to pay cash for my house & my car and limit the $500 dinners to once per month". That doesn't take any level whatsoever of intelligence to do. It doesn't take any knowledge about the stock market, the bond market, a mutual fund, a credit default swap, a mortgage back security, a butterfly spread in the options market, etc. Heck it doesn't even require any common sense. It only takes a small level of selfishness/self preservation instincts...yet these knuckleheads continue to fall for this. And by the way, if you are going to hire an investment advisor separate from your agent (probably a good idea IMO if you do hire an advisor) why isn't the agent looking at the finances once a year...or requiring the player to retain an outside CPA firm to do an annual audit? I don't get this at all.