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Brown Cafe UPS Forum
UPS Retirement Topics
I need advice on 401K
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<blockquote data-quote="UPSTeamster Pragmatist" data-source="post: 1829733" data-attributes="member: 43325"><p>That was a decent response. However why invest in government sponsored accounts that are controlled by gov policies when there so many onther options. A good example pointed out was how long will roths remain untaxed? If you told ssi recipient s that they would have to pay taxes on benefits 50 years ago you would have been scoffed at. No one can directly steal that money true but gov can tax it away. The fed has been penalizing savers since 08. They can means test ssi and medicare. Better off buying a nice summer place in the Hamptons and then renting it out for income til retirement. Do what the wealthy do. Just hate to see so many work their butts off and then get penalized for being prudent. The fed gov has $18 trillion in debt. This is why the wealthy are willing to sometimes pay negative returns, return of capital over return on capital. Oh by the way upstate is knows just enough to be the perfect sheeple. The gov LOVES people like him!</p></blockquote><p></p>
[QUOTE="UPSTeamster Pragmatist, post: 1829733, member: 43325"] That was a decent response. However why invest in government sponsored accounts that are controlled by gov policies when there so many onther options. A good example pointed out was how long will roths remain untaxed? If you told ssi recipient s that they would have to pay taxes on benefits 50 years ago you would have been scoffed at. No one can directly steal that money true but gov can tax it away. The fed has been penalizing savers since 08. They can means test ssi and medicare. Better off buying a nice summer place in the Hamptons and then renting it out for income til retirement. Do what the wealthy do. Just hate to see so many work their butts off and then get penalized for being prudent. The fed gov has $18 trillion in debt. This is why the wealthy are willing to sometimes pay negative returns, return of capital over return on capital. Oh by the way upstate is knows just enough to be the perfect sheeple. The gov LOVES people like him! [/QUOTE]
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I need advice on 401K
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