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Let me pass on the wisdom I was told when my 401k got halved in 2008. We are young so this isn't a big deal, we have time to work and rebuild. It's actually the boomers who are victims here since they're older and their careers are winding down so feel bad for them 
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Dec 17, 2018 15:45
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Fallom posted:My retirement accounts lost all the earnings they made over the last few years. Thanks, Mr. Trump! We're buying a new housing and my bank asked why I was using 401k funds, and I told them because it was getting the value sucked out of them, might as well just pay the taxes and use them
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Dec 17, 2018 15:46
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CommieGIR posted:We're buying a new housing and my bank asked why I was using 401k funds, and I told them because it was getting the value sucked out of them, might as well just pay the taxes and use them I thought using the 401k for a home purchase was allowed? In any case, value and earnings are separate from one another. Even if the value of your fund is down, you're still earning dividends. Fund managers typically keep money in equity when people are younger (hence the bigger ups and downs with the market), and then begin rebalancing the portfolio into fixed income via securities and bonds as someone nears retirement. In other words, it's kind of pointless to worry about the short-term value of your 401k until you're in your 50s.
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Dec 17, 2018 15:52
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Fallom posted:My retirement accounts lost all the earnings they made over the last few years. Thanks, Mr. Trump! Thanks for having me check in on my TSP and Roth accounts after putting them on lifecycle and auto-transfer. [With tires in my eyes] Please Mr. Trump, sir, I'm just tired of all this winning. maffew buildings posted:Let me pass on the wisdom I was told when my 401k got halved in 2008. We are young so this isn't a big deal, we have time to work and rebuild. It's actually the boomers who are victims here since they're older and their careers are winding down so feel bad for them Don't feel bad for them. You can feel empathy toward their problems as a human, but they hosed us
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Dec 17, 2018 15:54
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maffew buildings posted:Let me pass on the wisdom I was told when my 401k got halved in 2008. We are young so this isn't a big deal, we have time to work and rebuild. It's actually the boomers who are victims here since they're older and their careers are winding down so feel bad for them Yeah I know not to worry or do anything silly. I mainly see my TSP and Vanguard Roth IRA as glorified savings accounts that sting me if I try to touch them, anyway.
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Dec 17, 2018 15:55
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Nick Soapdish posted:Don't feel bad for them. You can feel empathy toward their problems as a human, but they hosed us I was paraphrasing a boomer's words to me after i stated "you guys hosed us over"
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Dec 17, 2018 15:58
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One of the Center’s employees wrote an op-ed in the Washington Post about this. The title is just pure  “I voted for Trump. Now his wall may destroy my butterfly paradise.” This is just like those people who voted for Trump and then found out their spouse was getting deported under his new immigration push. gently caress all of you idiots- elections have consequences, as you’re so fond of saying, so maybe next time don’t vote for the aspiring neo-fascist blowhard.
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Dec 17, 2018 16:13
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Well, the wall was some buried part of the agenda; how could anyone have known about it?!
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Dec 17, 2018 16:19
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mlmp08 posted:Well, the wall was some buried part of the agenda; how could anyone have known about it?! My Trump-voting Aunt has suddenly become very concerned about her ACA-provided healthcare (in-between her posts complaining about the ongoing War on Christmas).
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Dec 17, 2018 16:28
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Suckers. I got no investment savings put it all in my property. Property can only go up up up! Oh god don’t crash before I need to downsize.
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Dec 17, 2018 16:43
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https://twitter.com/nycsouthpaw/status/1074692546759221248?s=21
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Dec 17, 2018 17:01
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My pension went up 2.5% 😎
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Dec 17, 2018 17:01
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Yeah the way I look at my retirement accounts for now, is that even though they've gone down a bit because of Trump's wildride and all, I still own all of those shares. And as I continue to put money into them, I'm getting more shares for less (for now). So inevitably when things trend back up (and honestly, if they don't, I think I'll have bigger problems to worry about), I'll have my original shares and then some increasing in value.
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Dec 17, 2018 17:21
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I'm hoarding cash
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Dec 17, 2018 17:30
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I just follow the investment pyramid and do things the smart way
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Dec 17, 2018 17:35
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Holy crap he made multiple kidnapping deals?
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Dec 17, 2018 17:36
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I never thought leopards would eat my butterflies
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Dec 17, 2018 18:01
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Hahaha. Retirement and investments. I have a .357mag revolver and a box of ammo. Retirement by Rossi. It'll probably blow my hand off before my head. Yay Brazilian firearms.
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Dec 17, 2018 18:06
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LOL if you’re planning on retirement at all. Just work until you die like your great grandparents did. But I don’t have kids so any investments I make are going to be spent by me on hookers and blow or passed on to my sisters to do the same.
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Dec 17, 2018 18:16
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CRUSTY MINGE posted:Hahaha. Retirement and investments. Why pay for your own gun when the police or gravity will do it for free?
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Dec 17, 2018 18:34
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I'm probably going with carbon monoxide poisoning when it's my time after I'm out of the service.
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Dec 17, 2018 18:38
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Exit bag + nitrogen. Much easier to make it look like a cardiac event for life insurance to the wife and kids.
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Dec 17, 2018 19:03
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bird food bathtub posted:Exit bag + nitrogen. Much easier to make it look like a cardiac event for life insurance to the wife and kids. That's my 'You survived a nuclear explosion and you are going to slowly die from radiation poisoning/burns' plan psydude posted:I thought using the 401k for a home purchase was allowed? It is, but you have to either take it out as a loan or pay the taxes and just deposit the funds. CommieGIR fucked around with this message at 19:09 on Dec 17, 2018 |
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Dec 17, 2018 19:07
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please don't kill yourselves
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Dec 17, 2018 19:08
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Acebuckeye13 posted:please don't kill yourselves
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Dec 17, 2018 19:09
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Acebuckeye13 posted:please don't kill yourselves I don't think anyone is seriously considering it. And mine is "Your dying anyways and the world is over" response, and only then if I've suffered severe radiation sickness and burns.
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Dec 17, 2018 19:10
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If I'm dying and the world is over, I'm taking some finance douchebags or billionaires with me 
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Dec 17, 2018 19:11
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Nostalgia4Infinity posted:If I'm dying and the world is over, I'm taking some finance douchebags or billionaires with me
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Dec 17, 2018 19:13
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Nostalgia4Infinity posted:If I'm dying and the world is over, I'm taking some finance douchebags or billionaires with me now there's some positive planning for the future!
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Dec 17, 2018 19:15
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Yeah my plans are not mental health emergency situations, they're "Oh I have turbo cancer and suck at cooking meth so going Breaking Bad isn't an option."
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Dec 17, 2018 19:17
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Nostalgia4Infinity posted:If I'm dying and the world is over, I'm taking some finance douchebags or billionaires with me N4i would you consider being tied to the front of my ferry as the dude we untie when poo poo really gets real?
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Dec 17, 2018 19:18
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TF CURES GENERATOR posted:N4i would you consider being tied to the front of my ferry as the dude we untie when poo poo really gets real? but if i'm doing that, how can i tamper with some techbro's doomsday bunker air intake 
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Dec 17, 2018 19:20
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We can work out some kind of a contract. You can be both ferry angry man and poisoner of bunkers. Rich people have those here too!
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Dec 17, 2018 19:24
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Nostalgia4Infinity posted:but if i'm doing that, how can i tamper with some techbro's doomsday bunker air intake just throw my dead body in there, the beans in me will take care of them,
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Dec 17, 2018 19:24
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Nostalgia4Infinity posted:If I'm dying and the world is over, I'm taking some finance douchebags or billionaires with me *cough*
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Dec 17, 2018 19:29
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I'm probably gonna speedball myself after my parents are gone so my pension and stuff doesn't even matter really
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Dec 17, 2018 19:35
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the people with 401ks would like you to not do anything that might harm the amount of value they can extract from your existence
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Dec 17, 2018 19:40
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Proud Christian Mom posted:the people with 401ks would like you to not do anything that might harm the amount of value they can extract from your existence so about 54 million americans then? When did having a retirement savings account become a symbol of bourgeois decadence again?
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Dec 17, 2018 19:47
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Cat Army 
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Nostalgia4Infinity posted:If I'm dying and the world is over, I'm taking some finance douchebags or billionaires with me Why wait until you're dying?
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Dec 17, 2018 19:48
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The Iron Rose posted:so about 54 million americans then? people tying their retirement to the value of their home is a huge problem with housing in the western world because creating affordable housing directly decreases the value of their home
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Dec 17, 2018 19:50
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