Why a 401(k) Will Yield You More Money Than a Pension

[Cowboy Mac]

Trust me I have to explain this to my kids all the time.

I tell him you have a lot of time for the market to recover I do not.

Nothing was more sickening to watch when the market bottomed out in March of 2009 from the fall of 2007 to the spring of 2009

It wants me still adding money to my 401k the balance was almost half

I was talking to a driver who was over 40 years with the company when the stock market dropped in 2020. He was going to retire that year but decided to work another couple years after that to make up for the losses.

I try not to check mine but every few months because I don’t want to be discouraged. Just keep that money going into it each month.

 

[Non liberal]

He sounds like he's on the younger side, some money in a Roth really benefit him later on in life

I’m middle aged- slightly older. I should have another 15 years in the system

 

[Cowboy Mac]

That’s what I do, I just want people to know the idiocy of the economic policies being put forth by this administration an d the affect they have on all of our pockets.

Trust me, I know. But I’m telling you from experience I have been down that road of being angry about it all the time. To the point of thinking about it all day, consuming news and talk radio several hours a day. It’s not healthy.

Now I will read the headlines, maybe listen to talk radio a couple hours a week. I’ll vote and encourage others to do the same.

 

[IVE GOTTA PACKAGE 4U]

I was talking to a driver who was over 40 years with the company when the stock market dropped in 2020. He was going to retire that year but decided to work another couple years after that to make up for the losses.

I try not to check mine but every few months because I don’t want to be discouraged. Just keep that money going into it each month.

What a market started diving in 2020 I had a lot more money on hand than I did in 2008.

So I upped my 401k
And front loaded my Roth IRA

 

[IVE GOTTA PACKAGE 4U]

I’m middle aged- slightly older. I should have another 15 years in the system

With that time horizon you should be fine.

 

[Cowboy Mac]

With that time horizon you should be fine.

Yeah the stock market has always grown over a ten year period. 15 even better.

What a market started diving in 2020 I had a lot more money on hand than I did in 2008.

So I upped my 401k
And front loaded my Roth IRA

I was doing those for several years currently paused to save for a house purchase. I wasn’t in the market in 08 but I bet it was a learning experience.

 

[IVE GOTTA PACKAGE 4U]

Yeah the stock market has always grown over a ten year period. 15 even better.

I was doing those for several years currently paused to save for a house purchase. I wasn’t in the market in 08 but I bet it was a learning experience.

Now I'm towards the end of my career and I'm playing it very conservative.
At least the high interest rates right now are helping my balance go up every day

 

[Over70irregs]

I get it but I don’t care about the few who have done well. I know very little about the stock market and do not understand it at all. All I know is what I learn from Dave Ramsey, lol. We were doing great under trump when he was unleashing fossil fuels. And as soon as Biden became president he shut fuels down and everything went to , and has been going to ever since. At least our investments are coming back but we do still have all this inflation to contend with, which is just like taking cash right out of our pocket. We have the housing crisis where no young person can afford to buy a house anymore (unless you’re lucky enough to be a high earner). Who you elect as president has about the most amount of impact I could think of when it comes to the economy actually. Especially this president who seems dead set on changing the world system without cause whether for the better or not.

Not sure about WH pick. Not seeing it.

 

[Non liberal]

Not sure about WH pick. Not seeing it. View attachment 434554

What aren’t you seeing?

 

[Over70irregs]

What aren’t you seeing?

Not seeing presidents at bottom. I am visualizing a system that uses politics to mask a psyop to cover greed. Distraction according to chart is tool….. vote then turn away.

 

[Babagounj]

I’m middle aged- slightly older. I should have another 15 years in the system

Wishful thinking but when your body finally gives out, be prepared.

 

[Non liberal]

Wishful thinking but when your body finally gives out, be prepared.

Well I’m feeders, so I don’t have to worry as much about the body giving out. Just have to worry about the heart from bad diet, not enough exercise.

 

[I have NOT been lurking]

Well I’m feeders, so I don’t have to worry as much about the body giving out. Just have to worry about the heart from bad diet, not enough exercise.

When it does, take out management

 

[Over70irregs]

Well I’m feeders, so I don’t have to worry as much about the body giving out. Just have to worry about the heart from bad diet, not enough exercise.

Go to break room on the clock and do push-ups on table edge 2-3 times a day…….

 

[Up In Smoke]

No pkg car is complete without pushup bars

 

[Over70irregs]

No pkg car is complete without pushup bars

Wow . I’m out done…….

 

[Non liberal]

Go to break room on the clock and do push-ups on table edge 2-3 times a day…….

I actually do push ups everytime I get out of the truck to hook up to a trailer. At least it’s something.

 

[Up In Smoke]

Wow . I’m out done…….

Ever since we stopped chasing the kids across the country playing college sports, I've become a gym rat. I'm in the weight room 6 days a week and pushups during breaks and meal timeouts.

 

[Over70irregs]

This time of year hard to hit the gym. Now I’m feeling guilty.

 

[Up In Smoke]

This time of year hard to hit the gym. Now I’m feeling guilty.

I'm just heading out right now, 10 minute walk from my house.