I'm not the one suggesting they need to increase the limit for 401k contributions. 20k a year is unattainable for pretty most normal humans.$20,000 a year for 30 years?
The median income a 30 year old is $40,560, the average is $52,706; at 35 it's $50,000 and $66,320.
Ain't nobody got time for that...
Investing, Stock Market and Retirement Planning Thread
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Investing, Stock Market and Retirement Planning Thread
Is that total or before employer match?
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Investing, Stock Market and Retirement Planning Thread
Is that an individual or a household cap?
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Investing, Stock Market and Retirement Planning Thread
Then I suggest NTP go find some fun things to do in life, rather than stashing 20K per year in his 401K
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Or - or - I could do both. These low limits and anyone who defends them can get ****.
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Investing, Stock Market and Retirement Planning Thread
Got a tip this morning and opened a small position in $MULN. Should have sold everything else and gone all in...
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Ah, cool, probably fine since younger Americans don't really save for retirement anyway. Right?Sen. Mitt Romney suggests he'd back cutting retirement benefits for younger Americans
Add this clown to the 'get ****' list.
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Investing, Stock Market and Retirement Planning Thread
Overall, I agree that 20k a year is fine and largely not a possibility for your average American. That said, this is just more boomer sh*t where they make things better for them and them only, f*ck anyone else that might come along later in the world.
Investing, Stock Market and Retirement Planning Thread
Isn't more money in the market generally a good thing. Cmon boomers
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$20k only applies to 401k/403b. The $6k IRA limit - which is lower based on your income - is worse.
At any rate, “it’s fine where it is because most can’t put that away” is just a lazy excuse to ignore the fact that these policies are still trash.
At any rate, “it’s fine where it is because most can’t put that away” is just a lazy excuse to ignore the fact that these policies are still trash.
Investing, Stock Market and Retirement Planning Thread
You're free to buy as many t-bonds as you want, NTP66.
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Investing, Stock Market and Retirement Planning Thread
I was thinking of buying some US Treasury Series I Savings Bonds with the interest rate at 7.12 %. Seems like a pretty safe investment at a really good rate.
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This was discussed a few (more?) pages back...
More like "series inflation" am I right...?
More like "series inflation" am I right...?
Investing, Stock Market and Retirement Planning Thread
I purchased $5k worth last week. They seemed like a good spot to stash some cash.
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Still a good investment. Also, from this morning: https://www.marketwatch.com/story/the-s ... 1649784459I was thinking of buying some US Treasury Series I Savings Bonds with the interest rate at 7.12 %. Seems like a pretty safe investment at a really good rate.
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Jesus, and with the way the market is, it may be the only good investment right now.
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Netflix down 37%. Decent.
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ARKK down another 5%. Cathy you dumb dodint
Investing, Stock Market and Retirement Planning Thread
Once I finish Ozark, I'm done with Netflix.
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Musk has to have a short position on Netflix. If so, he made a **** of money
It’s depressing how much influence he has
It’s depressing how much influence he has
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