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Explain the logic of wanting people to put less $ in the 401(k)s - link
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Date: November 1st, 2017 2:27 PM Author: Excitant ivory parlour I thought Republicans believed that, since government should pay less for peoples' retirement, they should be encouraged to save more themselves? How is this defensible public policy?
http://abcnews.go.com/Politics/house-tax-plan-lowers-caps-401k-cuts-state/story?id=50861872&cid=clicksource_4380645_1_hero_headlines_headlines_hed |
Date: November 1st, 2017 2:35 PM Author: Galvanic Tanning Salon The money to fund cuts to the top tax bracket and corporate rate has to come from somewhere.
MAGA! |
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Date: November 1st, 2017 2:37 PM Author: brass goal in life This pisses me off on so many fucking levels. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580081) |
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Date: November 1st, 2017 2:38 PM Author: Galvanic Tanning Salon Say what you will about the Democrats and cunt Hillary but they never would have proposed this. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580093) |
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Date: November 1st, 2017 2:50 PM Author: brilliant site yep (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580200) |
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Date: November 1st, 2017 3:07 PM Author: Cordovan school cafeteria Weren't Dems all about getting rid of 529 accounts recently? (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580380) |
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Date: November 1st, 2017 3:08 PM Author: beady-eyed magical stag film crotch "Taxes?" Third base coach waving millions (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580392) |
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Date: November 1st, 2017 3:12 PM Author: talented stage striped hyena yeah importing millions of muslims is much better
and lol at you thinking 401ks are some sacred cow to Dems. gotta pay for them benefits somehow. wealth taxing 401ks is best white tax there is. |
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Date: November 1st, 2017 4:07 PM Author: Sapphire dilemma (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580923) |
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Date: November 1st, 2017 2:39 PM Author: Galvanic Tanning Salon "401(k)s The White House, as the president tweeted, wanted to keep the current annual maximum for tax-free contributions ($18,000); House Republicans wanted to lower the limit to $2,400. The bill, as of this morning, would lower what individuals may contribute tax-free to their 401(k)s, to an amount about halfway between the current limit and what House Republicans initially proposed."
So a 401k cap of $10,200? jfc |
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Date: November 2nd, 2017 9:53 AM Author: Gaped ebony hall wrinkle shit eating boomers (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34586612) |
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Date: November 1st, 2017 2:40 PM Author: misanthropic address mexican Damn it! I was really hoping that once it was exposed the House GOP would back off that 401k cap shit. I still don't think this bill will make it through. It'll be AHCA all over again. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580108) |
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Date: November 1st, 2017 2:44 PM Author: Galvanic Tanning Salon if this article is true, then Trump agreed to lower the cap from $18,000 to $10,200. It's not just the House GOP. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580139) |
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Date: November 1st, 2017 2:47 PM Author: misanthropic address mexican Oh, I know. I caught shit last week for arguing that Trump's tweet about protecting 401k's meant shit given his track record. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580168) |
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Date: November 1st, 2017 2:44 PM Author: Sapphire dilemma eGOP pols don’t actually believe in anything. How haven’t you figured this out yet? (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580140) |
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Date: November 1st, 2017 2:45 PM Author: electric shrine first they came for your pension then they came for your 401K then they came for your pantry full of ALPO |
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Date: November 1st, 2017 3:15 PM Author: exciting medicated plaza (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580458) |
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Date: November 1st, 2017 4:21 PM Author: Obsidian godawful persian (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581017) |
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Date: November 1st, 2017 8:12 PM Author: Supple duck-like meetinghouse 'Tis but a personal property tax. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34582734) |
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Date: November 1st, 2017 2:45 PM Author: Galvanic Tanning Salon even if this doesn't pass the GOP will pay a price next november just for proposing it. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580153) |
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Date: November 1st, 2017 2:48 PM Author: Deep at-the-ready menage marketing idea Lol no they wont...most people don't put shit into their 401ks. Its not a good policy but its a really small portion if the population that puts in 10k or more. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580182) |
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Date: November 1st, 2017 2:50 PM Author: brilliant site this is unfortunately why it will pass (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580195) |
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Date: November 1st, 2017 3:16 PM Author: exciting medicated plaza I thought XO exaggerated how many people don't contribute to 401(k)s, but apparently not
https://www.bloomberg.com/news/articles/2017-02-21/two-thirds-of-americans-aren-t-putting-money-in-their-401-k |
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Date: November 1st, 2017 2:46 PM Author: talented stage striped hyena there's no logic or even pretense behind it; it's just greed by the cucks, who represent an increasingly tiny fraction of the population. it will be their undoing in 2018 (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580162) |
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Date: November 1st, 2017 2:48 PM Author: brass goal in life As boomers age into retirement, they will continue to push this shit through, fucking over our generation in favor of their own. Boomers already have fat-cat 401ks because they happened to live through decades of economic prosperity before pushing this country to the brink of collapse, they still collect actual pensions that are LOL nonexistent for new people, they have mortgage deductions for their homes that no one can afford to buy anymore, of course they never had any substantial student loans (because they didn't have to take out a mountain of debt for a college degree), and they can collect social security comfortably for the rest of their lives.
Now the GOP wants to demolish our Gen's pittance of a fucking tax benefit to continue to pay for boomers selfish lifestyles. People plan their entire financial lives around shit like 401k contributions.
Seriously MAF right now. |
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Date: November 1st, 2017 2:49 PM Author: brilliant site I join you in MAFness (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580193) |
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Date: November 1st, 2017 3:18 PM Author: claret box office roast beef (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580477) |
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Date: November 1st, 2017 2:50 PM Author: Galvanic Tanning Salon cr. this is boomers taking money out of our retirement to fund their own
also, dont forget that they collect social security too which will be insolvent by the time most of us are eligible. |
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Date: November 1st, 2017 2:59 PM Author: Arrogant soul-stirring whorehouse I'm so MAF I need to take a pill (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580291) |
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Date: November 1st, 2017 3:01 PM Author: cobalt fiercely-loyal telephone crackhouse i'm not sure why younger people aren't up in arms about gutting medicare and social security, but especially medicare. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580314) |
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Date: November 1st, 2017 3:03 PM Author: brass goal in life Because many young people are short-sighted faggot libs that want to squawk about tranny bathrooms and rant about Obamacare being a human right, when shit like Obamacare literally fucks over our generation. In other words, they are retarded. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580340) |
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Date: November 1st, 2017 3:05 PM Author: cobalt fiercely-loyal telephone crackhouse if i were dictator i'd end Medicare tomorrow. truly a cancer on our country. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580357) |
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Date: November 1st, 2017 3:02 PM Author: brass goal in life Yea I mentioned SS. Inevitably their fix for SS will be to "age-out" the benefits to future collectors, reduce payments, etc. But *none* of it will be applied to the boomers generation or people that currently collect SS. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580317) |
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Date: November 1st, 2017 3:08 PM Author: Cordovan school cafeteria I'm right there with you, brother. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580387) |
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Date: November 1st, 2017 3:09 PM Author: talented stage striped hyena absolutely cr on boomers but 401ks are a scam and planning around them is foolish. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580407) |
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Date: November 1st, 2017 3:11 PM Author: claret box office roast beef This is so stupid (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580427) |
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Date: November 1st, 2017 3:14 PM Author: talented stage striped hyena they are a scam, and we're starting to see how fickle they are. it's only going to get worse. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580454) |
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Date: November 1st, 2017 3:17 PM Author: claret box office roast beef Explain in detail how they are a scam for the people who are using them as they are intended - as an enormous tax break that grows their retirement accounts at a rate faster than they would get in a traditional investment account (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580473) |
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Date: November 1st, 2017 3:20 PM Author: talented stage striped hyena because the government at some point in the future is going to break its promise to you and will either tax appreciation over contributions or levy some kind of wealth tax on the balance or both (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580494) |
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Date: November 1st, 2017 3:23 PM Author: claret box office roast beef So it's only a scam based on future speculation that the government will take away its main feature (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580513) |
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Date: November 1st, 2017 3:24 PM Author: talented stage striped hyena yes that's what a scam is. they are promising one thing and will deliver another. but keep telling yourself the government and establishment dems or repubs have your best interests at heart and wont do anything to them over the next 30 years as we multiply our population and move towards residence-based single payer (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580530) |
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Date: November 1st, 2017 3:34 PM Author: claret box office roast beef Everyone should forgo a lot of money based on a suspicion that may never materialize (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580618) |
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Date: November 1st, 2017 4:41 PM Author: talented stage striped hyena ljl you wont realize any those savings unless you speculate that the government will continue to honor its promise. you take one side of that bet based on faith; I'll take the other based on taking my head out of the sand. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581152) |
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Date: November 1st, 2017 5:22 PM Author: claret box office roast beef Post removed by moderator for violating The Law of The Land. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581532) |
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Date: November 1st, 2017 5:24 PM Author: claret box office roast beef It's a matter of probablility. If you want to bet against the current status quo and for any number of alternative scenarios each of which has a smaller probability of occurring than the current realizable event good luck
Not sure how I modded my post above |
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Date: November 1st, 2017 5:25 PM Author: talented stage striped hyena yeah the current status quo for 401ks looks rosy and unchanged as ever, jfc man. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581561) |
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Date: November 1st, 2017 5:28 PM Author: claret box office roast beef . Why in the world would I take my money out of that and put it into a post tax investment account? Where I am guaranteed to be taxed? (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581583) |
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Date: November 1st, 2017 5:29 PM Author: talented stage striped hyena im not saying you should take out what you've already put in. im saying planning your life around a government program, the majority of beneficiaries of which are the least likable and sympathetic segment of the population, is foolish in light of the establishment's immigration and population goals coupled with the left's push for universal healthcare. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581596) |
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Date: November 1st, 2017 5:35 PM Author: claret box office roast beef I guess we'll see in 30 years from now. It's the best thing the middle class has going for it right now for retirement accounts and wouldnt recommend any of them stop contributing based on a whim that hasn't happened and may never. Costly mistake. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581636) |
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Date: November 1st, 2017 5:40 PM Author: Maroon Useless Brakes Boiling Water Not contributing to a 401k means guaranteed taxes right now. Let’s see, 100% guarantee of paying the 39% income tax plus 23.8% on any appreciation on the 18k you put into a brokerage account now versus unknown chances of higher taxes in the future. Seems pretty clear to me which option to choose. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581685) |
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Date: November 1st, 2017 5:45 PM Author: talented stage striped hyena im not saying it's not a fucking benefit as promised to you, moron. im saying dont act shocked when the government fucks you out of it later. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581726) |
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Date: November 1st, 2017 5:55 PM Author: Maroon Useless Brakes Boiling Water If you’re saying that tax deferral is a benefit of 401ks, then not sure how exactly it’s a “scam.” I don’t know of “scams” that have any benefits. Moron. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581816) |
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Date: November 1st, 2017 4:06 PM Author: Sapphire dilemma That’s crazy. They’d never go after 401ks oh wait (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580919) |
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Date: November 1st, 2017 5:16 PM Author: talented stage striped hyena (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581449) |
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Date: November 1st, 2017 5:34 PM Author: Maroon Useless Brakes Boiling Water The govt may change things in the future, yes.
But why on earth would I not put money into the 401k and instead pay right now the highest marginal tax rate plus 23.8% cap gains on all appreciation? |
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Date: November 1st, 2017 8:24 PM Author: Supple duck-like meetinghouse "but 401ks are a scam"
At least the limited fund and high fee aspects are. |
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Date: November 1st, 2017 3:10 PM Author: claret box office roast beef (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580421) |
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Date: November 1st, 2017 3:21 PM Author: exciting medicated plaza holy shit this summary makes me MAF (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580498) |
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Date: November 1st, 2017 4:04 PM Author: Sapphire dilemma lol at planning your life around a government program that could be ended at any time (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580912) |
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Date: November 1st, 2017 4:42 PM Author: talented stage striped hyena (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581156) |
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Date: November 1st, 2017 5:11 PM Author: Haunting lilac theatre cumskin (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581405) |
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Date: November 1st, 2017 5:31 PM Author: brass goal in life Suck my cock little boy.
Plenty of people start with retirement as a baseline for financial planning because it literally requires decades saving.
If you aren't utilizing tax-advantaged shelters provided by the government, LOL at you. |
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Date: November 1st, 2017 2:49 PM Author: Galvanic Tanning Salon this is one issue NEETs don't care about. if anything they probably want to see wagecucks fucked over but this doesn't impact them directly (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580185) |
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Date: November 1st, 2017 3:10 PM Author: Bull headed sepia institution incel stock market is a jew scam (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580417) |
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Date: November 1st, 2017 3:11 PM Author: Rough-skinned swashbuckling volcanic crater shitlib Lets them collect taxes now when you put money in your Roth (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580431) |
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Date: November 1st, 2017 3:39 PM Author: brass goal in life There are plenty of legitimate reasons to want to lower your tax liability now, as opposed to later in life. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580674) |
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Date: November 1st, 2017 3:12 PM Author: Internet-worthy church building scourge upon the earth 401k is a huge scam (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580440) |
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Date: November 1st, 2017 3:18 PM Author: Mahogany Comical Pistol (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580478) |
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Date: November 1st, 2017 3:13 PM Author: Spectacular Very Tactful Multi-billionaire Who cares about your 401K. The death tax must be repealed and someone needs to pay for that. MAGA. Fuck shitlibs. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580446) |
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Date: November 1st, 2017 3:15 PM Author: Gay racy public bath What is the big deal anyway? It's just tax deferment. Save your money after taxes, save it before taxes, who gives a shit. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580460) |
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Date: November 1st, 2017 3:16 PM Author: Internet-worthy church building scourge upon the earth Wage cucks who want the government to subsidize their employer pension (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580466) |
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Date: November 1st, 2017 4:39 PM Author: carmine exhilarant alpha gaping when you retire you can draw it out at 10k/yr or so and it is almost tax free (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581124) |
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Date: November 1st, 2017 3:35 PM Author: Concupiscible Kitty Digit Ratio 401ks are a giveaway to the rich. It's pretty simple. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580623) |
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Date: November 1st, 2017 3:39 PM Author: brass goal in life Nah, the actual rich have no need for a shitty little 401k (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580683) |
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Date: November 1st, 2017 3:46 PM Author: Concupiscible Kitty Digit Ratio We can play the "I'm not rich, to be rich you have to be blah blah" all day long (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580767) |
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Date: November 1st, 2017 4:43 PM Author: brass goal in life We can also play the "you lick my ass all day long" game. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581173) |
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Date: November 1st, 2017 5:17 PM Author: Concupiscible Kitty Digit Ratio hawt (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581477) |
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Date: November 1st, 2017 4:20 PM Author: histrionic green son of senegal pit Huh? The ‘rich’ make their money in the form of capital gains, not ordinary income. Removing a long-standing tax deferral for ordinary income is a wealth transfer from those who pay taxes on ordinary income (the middle and upper middle classes) to those who do not (the negative tax rate poor and the upper class). (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581010) |
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Date: November 1st, 2017 4:28 PM Author: claret box office roast beef (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581047) |
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Date: November 1st, 2017 4:34 PM Author: Sapphire dilemma “Rich” is anyone making more than me. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581098) |
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Date: November 1st, 2017 5:05 PM Author: histrionic green son of senegal pit If the implied argument I am responding to is ‘let’s kill the 401k because it only helps the rich anyway’, then I am pointing out that the remedy does not fit the intent. If you want to transfer wealth away from the most rich (better?), then do it via estate tax or higher corporate tax rates or some other mechanism. Killing the 401k hurts scores of middle class people more than the rich. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581357) |
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Date: November 1st, 2017 5:19 PM Author: Concupiscible Kitty Digit Ratio 401k is not being killed, it's being reduced to $10K. Middle class people do not put $10K into their 401ks.
I should've avoided the word "rich" because it drags out the von Mises crowd, should've said "high income" |
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Date: November 1st, 2017 5:26 PM Author: brass goal in life I already give nearly 50% of my fucking income to this declining shit hole of a country. 10k a year will not be enough to replace my income come retirement time, which is really the point of the 401k in the first place. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581571) |
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Date: November 1st, 2017 8:32 PM Author: Heady olive house if you're not putting $10k in your 401k, your claim to middle class status may be tenuous (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34582882) |
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Date: November 1st, 2017 3:46 PM Author: chocolate affirmative action I do Roth already. Wife does traditional. Been thinking about switching her to Roth because I think the math works better. But I like having money in both.
Notwithstanding any of that, I will lose my fuckin mind if they reduce or change the options. These fucking boomers can eat my goddamn ass. Death to anyone who pushes this through. |
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Date: November 1st, 2017 3:55 PM Author: Magenta Nursing Home Halford eerily similar to my situation. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580846) |
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Date: November 1st, 2017 4:05 PM Author: chocolate affirmative action This is an unforgivable sin imo. Who is most to blame? Ryan? Trump? (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580917) |
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Date: November 1st, 2017 3:48 PM Author: Heady olive house GOP and dems agree on one thing: the middle class must die. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580788) |
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Date: November 2nd, 2017 8:15 AM Author: pearly brunch The middle class isn't putting $10k in a 401k. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34586264) |
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Date: November 1st, 2017 4:16 PM Author: orange set coffee pot Billionaires and corporations who have never been more profitable desperately need your retirement to be undercut because they are just SOOO OVERBURDENED. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34580986) |
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Date: November 1st, 2017 4:28 PM Author: Onyx overrated dopamine Everybody hates umc wagecucks (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581046) |
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Date: November 1st, 2017 4:34 PM Author: Domesticated Cerebral Stead Dragon (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581094) |
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Date: November 1st, 2017 4:36 PM Author: claret box office roast beef (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581103) |
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Date: November 1st, 2017 4:37 PM Author: brass goal in life (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581110) |
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Date: November 1st, 2017 4:42 PM Author: talented stage striped hyena (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581158) |
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Date: November 1st, 2017 4:43 PM Author: Fragrant salmon native indirect expression (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581171) |
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Date: November 1st, 2017 5:13 PM Author: Haunting lilac theatre cumskin (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581424) |
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Date: November 1st, 2017 5:27 PM Author: Sapphire dilemma (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581577) |
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Date: November 1st, 2017 5:31 PM Author: Concupiscible Kitty Digit Ratio (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581610) |
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Date: November 1st, 2017 8:53 PM Author: Charismatic flushed business firm (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34583041) |
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Date: November 1st, 2017 4:48 PM Author: Fragrant salmon native indirect expression 401(k)/IRA is and has always been boomer fraudscamlies meant to line the pockets of wall street with huge compounding fees
I, for one, will be glad to see it gone. most people who have them don't manage them correctly and they end up losing substantial amounts of their gains to fees and market pwnage.
passive income from diversified sources is the only way to ensure you have a baseline that will support you even if you're sick, unemployed from a wagecuck job, or starting a business.
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Date: November 1st, 2017 5:16 PM Author: Sapphire dilemma How to cop “passive” income? (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581457) |
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Date: November 1st, 2017 5:10 PM Author: trip maize library feces it's better for the revolution if the middle and lower middle classes don't depend on the fucking stock market (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581396) |
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Date: November 1st, 2017 5:15 PM Author: Sapphire dilemma (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581445) |
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Date: November 1st, 2017 5:16 PM Author: Khaki locale also the umc wagecucks need to realize that they aren't elite and are getting fucked over just as much as the poors (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581462) |
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Date: November 1st, 2017 5:17 PM Author: talented stage striped hyena (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581465) |
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Date: November 1st, 2017 5:18 PM Author: Sapphire dilemma (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581489) |
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Date: November 1st, 2017 5:36 PM Author: Concupiscible Kitty Digit Ratio (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581643) |
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Date: November 1st, 2017 5:20 PM Author: dull diverse mediation athletic conference Really maddening thing is that so called behavioral economists were all about getting people to max 401K's, but now all of a sudden people who did so were contributing to inequality or whatever and must be robbed. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581510) |
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Date: November 1st, 2017 5:24 PM Author: Concupiscible Kitty Digit Ratio Look left, right, whatever, we can all agree that Cass Sunstein is a menace to humanity (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581548) |
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Date: November 1st, 2017 5:26 PM Author: dull diverse mediation athletic conference Indubitably but at this point he's more production company than academic. Like a Harlequin author. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581567) |
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Date: November 1st, 2017 5:34 PM Author: Transparent Marvelous Chad Step-uncle's House (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34581629) |
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Date: November 1st, 2017 7:24 PM Author: Supple duck-like meetinghouse Rich People > Non-Rich People (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34582464) |
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Date: November 1st, 2017 8:17 PM Author: 180 adulterous corner lolno. BOOMERS don't have 401ks
Boomers have Pension = guaranteed retirement after 20 years with highest 80% of salary and free healthcare for LIFE |
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Date: November 1st, 2017 8:20 PM Author: chocolate affirmative action It's simpler than that. Boomers are either done funding their 401k and/or they'll keep the higher "catch up" limit for those over 50 or 55. Boomers win and everyone else can suck it. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34582789) |
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Date: November 1st, 2017 8:22 PM Author: 180 adulterous corner it's much simpler... Boomers never saved a dime in retirement. The companies or govt took care of them. "Millenials are lazy" (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34582801) |
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Date: November 1st, 2017 8:26 PM Author: chocolate affirmative action No, not that many boomers have pensions. Three majority don't. If we're going to fight the menace we have to understand it. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34582831) |
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Date: November 1st, 2017 8:22 PM Author: Supple duck-like meetinghouse My parents are making almost exactly as much in retirement (SS + pension) as they made when they were working.
If they would have worked past 62, they would now be making more in retirement. |
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Date: November 1st, 2017 8:45 PM Author: Domesticated Cerebral Stead Dragon My parents will make more LJL (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34582960) |
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Date: November 1st, 2017 8:41 PM Author: brass goal in life Boomers have Pensions AND 401ks. My parents are a testament to that. Next year they'll be copping social security as well.
Also, the rise of 401ks took place when boomers were just starting off in their careers, which happened to coincide with one of the greatest sustained bull markets in modern history. And their companies typically matched much higher than the current 3% bullshit (if there is a match at all).
As opposed to my parents, even though I am already out-earning them at their highest level: 1) I will never have a pension; 2) social security will not exist when I retire; and 3) the government is literally rolling back 401k limits to levels from twenty fucking years ago. |
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Date: November 1st, 2017 8:47 PM Author: 180 adulterous corner lol... my boomer parents, no college govt job retire at 50 with govt pension..
me, 4 degrees, max 401k.... work to 100 or die at 40 |
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Date: November 1st, 2017 8:48 PM Author: 180 adulterous corner wait... i just felt a sense of freedom after typing that last phrase. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34582982) |
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Date: November 1st, 2017 8:49 PM Author: chocolate affirmative action (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34582997) |
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Date: November 1st, 2017 8:58 PM Author: brass goal in life (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34583094) |
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Date: November 1st, 2017 8:52 PM Author: Irate Adventurous Masturbator Range lol
enjoy four year to eight years of trump harassing beaners on the street and getting libs riled up on twitter! the price is that his only concrete policy legacy will be your children being slaves to oligarchs forever |
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Date: November 1st, 2017 8:55 PM Author: Domesticated Cerebral Stead Dragon This will pass right after Obamacare repeal (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34583071) |
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Date: November 1st, 2017 8:57 PM Author: Irate Adventurous Masturbator Range doesn't matter, for every high profile legislative failure there's a ton of behind the scenes administrative stuff getting pushed through that basically strip-mines the country for the benefit of the megarich. this would just be icing on the cake
trump can only go in the direction the force vectors carry him. stuff he wants that all the other billionaire/billionaire stooges he stuffed the administration with want will sail through unless it's so high-profile and outrageous that congress has no choice but to stop it. stuff he wants that they don't want or don't care about (specifically immigration) won't happen or won't last. |
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Date: November 2nd, 2017 8:19 AM Author: pearly brunch Taxpayers should totally subsidize retirement for upper middle class and upper class people. (xo poa (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34586270) |
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Date: November 2nd, 2017 10:13 AM Author: Concupiscible Kitty Digit Ratio (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34586688) |
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Date: November 2nd, 2017 10:16 AM Author: Khaki locale the "upper class" is not using 401k for retirement. Ideally in a country with not completely fucked up income distribution the middle class could enjoy the benefits of 401(k)s and not have to live paycheck to paycheck. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34586702) |
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Date: November 2nd, 2017 1:26 PM Author: pearly brunch If law partners making $300,000 in Detroit aren't upper class, cart me off to Walmart. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34588362) |
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Date: November 2nd, 2017 1:26 PM Author: Khaki locale they're a lot closer to the middle class than they are to the elite in this country (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34588368) |
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Date: November 2nd, 2017 10:01 AM Author: Gaped ebony hall wrinkle no way does an educated rethuglican electorate let this shit slide even for one moment. The party would consume itself instantly when the educated GOPers tell the uneducated ones how much they are getting fucked even though the uneducated ones arent getting fuck cause they dont contribute anyway (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34586631) |
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Date: November 2nd, 2017 10:04 AM Author: Razzmatazz Laser Beams Glad to see the GOP is still hellbent on repealing the estate tax though! Ljl. (http://www.autoadmit.com/thread.php?thread_id=3782284&forum_id=2#34586644) |