401k Plan might be a Bigger PONZI Scheme than Social Security. 401k Bubble will BURST.

[Serious]

Alright, here we go.

In the worst recession in modern times...

I have LOST more money in the last 6 months than most people will ever have.

Don't 401(k) brehs.



Edit: in case anyone was questioning, I'm trolling @Stuntone with this post.

@Rekkapryde go ahead post yours

 

[BaldingSoHard]

The Feds will confiscate all that 401k money when the bill comes due on the US debt. And I'm sure the sheep will be talked into believing whatever excuse the powers at be make up.

This will include all checking accounts, savings accounts, pensions, home-equity, commodities, hard-assets, cryptocurrency, intellectual property, bonds, and cash, according to your doomsday model.

So why hold anything anywhere?

What makes the 401(k) unique in this aspect, in your opinion, other than the fact that you don't have one and you're salty and hoping it's the only thing that "they" take when the time comes?

 

[JT-Money]

This will include all checking accounts, savings accounts, pensions, home-equity, commodities, hard-assets and cash.

So why hold anything anywhere?

What makes the 401(k) unique in this aspect, in your opinion?

They haven't taxed it yet. And there are rules making it damn near impossible for you to touch that money in a hurry. Like you could if there was a run on the banks.

It's all about which generation will take one for the team now and give up their retirement. No different than them saddling future generations with the debt created today.

 

[NoCones]

 

[BaldingSoHard]

They haven't taxed it yet. And there are rules making it damn near impossible for you to touch that money in a hurry. Like you could if there was a run on the banks.

It's all about which generation will take one for the team now and give up their retirement. No different than them saddling future generations with the debt created today.

So just so I'm clear....


Your assertion is that at some point, the govt of the US is going to tax income at 100%.

Do I understand you correctly?

I mean as long as we're saying anything...

 

[colicolicoli]

You really need a therapist.

 

[JT-Money]

So just so I'm clear....


Your assertion is that at some point, the govt of the US is going to set income tax rates at 100%.

Do I understand you correctly?

I'm saying that money will be confiscated at some point. How else are you going to service the National debt if you won't balance the budget or raise taxes? It's just a matter of time.

 

[BaldingSoHard]

I'm saying that money will be confiscated at some point. How else are you going to service the National debt if you won't balance the budget or raise taxes? It's just a matter of time.

And this "confiscate money" tour won't include your checking account, savings account, pension, cryptocurrency, home, stocks, bonds, insurance policies, etc?

Just so I'm clear... in your doomsday scenario... all of your money in those accounts will be fine, right but somehow mine is fukked?

"It's totally different, bro... trust me."

Right?

 

[calixprynce]

nikkas use the word cac , but let cacs hold their $ until the age of 65


"please cac master , can u hold my $ cuz im too stupid to invest it myself" weenie ass nikkas , no wonder yall unarmed

 

[BaldingSoHard]

nikkas use the word cac , but let cacs hold their $ until the age of 65


"please cac master , can u hold my $ cuz im too stupid to invest it myself" weenie ass nikkas , no wonder yall unarmed

Do you have a checking account, sir?

 

[calixprynce]

Do you have a checking account, sir?

I got like 4 . Wells Fargo , Capitol One 360 , Novo and Netspend . Not even counting my Serve accounts and my scamming accounts


Do you have a firearm , boy?

 

[sayyestothis]

I'm saying that money will be confiscated at some point. How else are you going to service the National debt if you won't balance the budget or raise taxes? It's just a matter of time.

U understand u are making no sense at all

 

[BaldingSoHard]

I got like 4 . Wells Fargo , Capitol One 360 , Novo and Netspend . Not even counting my Serve accounts and my scamming accounts


Do you have a firearm , boy?

Imagine being in a thread full of smart people and expecting the word "gun" to do the same thing it does when you're around Republicans.

 

[JT-Money]

And this "confiscate money" tour won't include your checking account, savings account, pension, cryptocurrency, home, stocks, bonds, insurance policies, etc?

Just so I'm clear... in your doomsday scenario... all of your money in those accounts will be fine, right?

"It's totally different, bro... trust me."

Right?

Yep. They just need more money to pour into the system. They've probably already got plans on the drawing board on how to beat get their hands on that cash.

Hidden In The Reconciliation Bill: A Retirement Plan Mandate That Will Take Most People By Surprise

Mandating employers provide IRAs is not something that should be happening without notice or discussion.

www.forbes.com

 

[HabitualChiller]

I personally would like to know why they dikk slap you with fees for withdrawing your money early. That sounds like bullshyt.

And you're essentially fukked because where else will your money go?

High-yield savings account? The best ones don't even come CLOSE to breaking even due to the average rate of inflation being around 4% per year.

Stocks? Unless you're an expert with a ton of experience, you're taking an L the majority of the time.

Housing? Probably the safest bet....

You could collect Rolexs, but that waitlist is nuts.