It’s almost like this is exactly what we warned them would happen.
this post was submitted on 05 Apr 2025
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Pardon my ignorance but is there leverage in 401k ? Would it be able to get liquidated if stocks crash too hard ?
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"Victor Fettes, 54, of Georgia, who retired last week"
Fucking hell, you guys can retire at FIFTY FOUR?
He was senior director of risk management, so I assume more than 100k+ salary a year.
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Very very few can. Or do. But yes.
He can't access that 401k without some pretty significant restrictions or penalties, though.
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I live in Canada and have a locked-in retirement fund, from a former employer, which I have zero control over. It's lost 10% since the Dumpster was elected.
That mf'er is killing us too.
Going to brag a little bit. I've been very suspicious of tech and the US stock market for a long time. When I finally got the job I have now and got to choose 401k contributions I went heavy with international stocks and specifically avoided anything involved in too much tech. My 401k has gone down in the last week but we're talking barely 3%. The paranoia sometimes works in my favor
I'm not very tech or stock savvy but tech industry always seemed unstable to me
Retirees? I'm not even 40 yet and my 401k dropped several thousand the last couple days.
401k are supposed to be the long game, ride out the ups and downs. That being said, it's best to have other investments too.
401k are supposed to be the long game
The older you get, the shorter the game is. You need to gradually reduce the volatility of your investments, even at the cost of rate of return.
Good news, those are plummeting as well
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Bootstraps or whatever
It's ok everyone they will all be a lot better off once manufacturing comes back to the US, they can make up the difference by working in a local sweatshop.
Didn't you hear? Vance is saying that manufacturing is never coming back to the US.
So even working in a sweatshop won't be an option. Well, I guess until we're colonized.
Suppose it does come back, who is going to buy it ?
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“I don’t want to have to worry that everyone is constantly changing my financial reality,” said Alison Carey, 64, of Oregon, a freelancer in the theater industry. “Let the economy do its machinations, but don’t put me in the gears.”
Sorry you had to learn it this way, Alison, but "the economy" has always been grinding people up in its gears. The main difference is, that it is now reaching you, personally.
I gotta assume a theater freelancer in Oregon probably didn’t vote for him
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Oh well, should have raised your kids to be better people.
Clearly they just need to take their own advice:
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No more avocado toast
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Stop buying so much coffee out. Make it at home.
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????
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Profit.
Simple as.
Trumps plan is to fix obesity by making everyone too poor to eat..... Or something
Boot straps. Don't forget about the boot straps.
They could eat the bootstraps.
Also they could just get an easy job at McDonald's?????
They just arent qualified for that job.
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Let's go vote republican !
Aw dang it Aw dang it Aw dang it Aw dang it Aw dang it Aw dang it Aw dang it Aw dang it Aw dang it
But the next Republican will for sure fix it!
Aw dang it
Gosh darn it!
"But... but... but at least we stuck it to the libs didn't we? Right?... Right???!"
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