Market headlines have everyone a little (?) nervous but so far CalPERs claims retirees have nothing to fear. However, the same can’t be said for the municipalities who contribute to retirement program. Someone is going to have to pick up the losses but CalPers says they are set up to spread the costs over a 15 year period and this will dimish the impact of major losses. The same technique that absorbed the major gains in the bull market a few years back was designed to protect the fund during hard times too.
Make me feel a little better are our pending retirement date!
In the mean time we a new addition to our household. Mary Margaret (aka Midge or Midget) has moved in and stolen the hearts of the entire household. The first phrased uttered when anyone enters a room is not where’s the puppy, it is who has the puppy. 
She’s a cutie alright. Even Maxx has taken to her and doesn’t object to sharing his toys.
