Can you retire under this contract? Y/N

[100%]

Yes and I remember in 2007-2008 when some of the older guys were talking about losing a bunch of money it scared a lot of the younger guys who said I’m not even going to put any money in my 401(k) which is a huge mistake in my opinion. Not everyone’s investment strategy nor amount of time they have is the same.

I’m not a younger guy and I knew then to not put my money in the 401k Ponzi scheme.

 

[Johney]

That's about the last person I would listen to

You can always ask Dave.

 

[oldngray]

You can always ask Dave.

If only he could still post after retiring ...

 

[Johney]

If only he could still post after retiring ...

True. Dam retirees not posting.

 

[IVE GOTTA PACKAGE 4U]

You can always ask Dave.

I stand corrected. He would be the second to the last person I would ask for financial advice

 

[Over70irregs]

Exactly. I am by no means a financial guru. I’ve never changed anything with mine since I started. Have I made as much as I could have? Probably not but I’ve been fine with it for the 30 years I’ve invested in it until the last two years.

If you have done well for 30 years that is great odds. We were allowed to take $ out a few years ago penalty free.

 

[Johney]

If you have done well for 30 years that is great odds. We were allowed to take $ out a few years ago penalty free.

I believe that was Covid related right? I know a couple guys I worked with withdrew a bunch. I can actually start taking without penalties at 57 because I’m retired. Not going to yet but I can.

 

[IVE GOTTA PACKAGE 4U]

I believe that was Covid related right? I know a couple guys I worked with withdrew a bunch. I can actually start taking without penalties at 57 because I’m retired. Not going to yet but I can.

Just as long as you leave at your 401k and don't move it

 

[Johney]

Just as long as you leave at your 401k and don't move it

Thanks Dave

 

[Thebrownblob]

Thanks Dave

 

[Re-Raise]

You don’t make back what you lost. You’re already down big and it’s just starting.

Huh?

The market goes up pretty consistently over the long term. I have enough that I have never had to sell anything based on fear.

 

[Re-Raise]

The markets seem to have done pretty well over the last two years to me?

The SP 500 was at 2,488 on Mar 30 2020 and sits at 3,721 this morning!

 

[DriveInDriveOut]

 

[IVE GOTTA PACKAGE 4U]

View attachment 404847

FJB

 

[Re-Raise]

 

[StackedOut’n’Vibing]

More like FJP

 

[DriveInDriveOut]

Biden’s Economic Agenda Is The Most Anti-Growth Of The Last 40 Years

Biden’s signature policy “wins” raise taxes, create numerous economic distortions via subsidies and tax credits, will raise not reduce inflation, and do not address the overregulation that makes building things in America so expensive.

www.forbes.com

 

[Re-Raise]

Buy land

 

[Over70irregs]

Biden’s Economic Agenda Is The Most Anti-Growth Of The Last 40 Years

Biden’s signature policy “wins” raise taxes, create numerous economic distortions via subsidies and tax credits, will raise not reduce inflation, and do not address the overregulation that makes building things in America so expensive.

www.forbes.com

Just waiting for printing

 

[100%]

View attachment 404838

The markets seem to have done pretty well over the last two years to me?

The SP 500 was at 2,488 on Mar 30 2020 and sits at 3,721 this morning!

The recession is just getting started. The last 2 years had trillions of printed market thrown into the Economy. Where else could it go but up? Smh