>>537974405you can open your own IRAif you work in a public sector job, like a cop, there might be a retirement plan
>>537974405You could get an IRA. Socialist security isn't going to be around much longer, and you'll be dead before you get it i.e. retirement age for 40 year olds is 75. The fixed pension is a thing of the past, and inflation is going up with the national debt.
lolThe value of 401ks is determined by ponzis that keep their value because boomers were "passively" investing in the ponzisthe moment the passive cashflow of boomers is gone(it is already gone) the value goes to 0
Like seriously. Most 401ks are (((index))) funds. (((index))) funds value is 50%+ companies that never in their entire existence had a positive cashflow, the only capital that went into these (((index funds))) were boomer pension funds dumping the contributions of their clients into it.401K contributions have declined by 9%, thats with young boomrs still in the workforce. Among under 60 the contributions declined by 25%
>>537974530>>537974594So open an Ira and don’t put anything into my employers 401k?
>>537974780lmfao. No. Do as the Zoomers and young millenials do, individual stock neo broker gambling. No cash in a bank, no contributions to any (((pension scheme)))
The Question of earning money is a fractal of complexity that has infinite depth, because your competition is trying to sabotage you and trick you into saying yes to the wrong end, of both ends of a trade.Zooming out to the question: "How do I get money" and "How do I make a big bag with Judah's corrupt financial fraud known as wall street?"That is far too large a question, you're gonna have to break it down. You're asking "how do I build a house?" Well, the elite education there is gonna cost you top dollar, beause the people who know rarely spill the plate of beans and clues, and they are outnumbered ten to one with mis-informers and Communist informants paid to get you to commit to the wrong thing.A better question might be: "How do I wireframe the deception around finance so I don't get raped of my hard earned money and get the return on investment that is due to me when I invest, and the plan goes through correctly. Your question fable 5 tesseract topic cube is "How do I quickly isolate and massacre deception around finance namely regarding 401k system as an example path to a retirement plan.
>>537974405>he thinks he'll retirelollmao even
The Bible is abundantly clear never to trust Jews with your money, and you trusted all your money to Jews in a 401k, so I'm not going to say it's categorically a bad instrument, you're not gonna get more buying power out than you put in, but it's pretty close.The Bible is still right, never trust a Jew with your money. When you turn your head, it's gonna be gone, and now you know why they are wandering pondering camel riding merchants and caravan robbers, Jews are just like the Muslims, it's just a different approach.We're in a Jewish Communist end-game currency hyperinflation, the idea of "investing nigger tickets" to get more of them, doesn't even keep up with stated inflation, much less real inflation. I wish I could point you in the right direction but even I don't have it all together yet. One principle is good, if your system has these motherfucking Jews and their Zionist Christians in it, you're gonna lose most if not all of your contribution to the Luceferian Shapeshifting Carthaginian investment vehicle designed to separate power away from the shabis, so we can buy 600 foot long yaghts, mansions, supercars, planes and corporations, every year and not miss the money we stole from shabis.Zooming out, Your question is regarding the escape after having been made to spawn into the Jewish Mob Grinder that masticates away your real essence with yokes and camps entitled: "Arbeit Macht Frei", the Zionist Christians and Jews are the Nazis. But look again, nobody wants to fight 'em off. None of the members in the Epstein Criminal Syndicate caught in the highest crimes received justice, except for the one that advertised a grave with a masquerade, internationally, and then moved to Florida.
>>537974405A 401k is gonna pay for a couple years in an extraordinary overpriced old folks home, and when it runs out they'll walk you and your shit to the curb. And thats if we dont get another (((Enron))) taking it all before you get to vest it. Everything is a scam now.
>>537974780Op said Bo... wait... why am I replying to a fuck wit?
>>537975809I don’t know anymore what to do for (((retirement))).
401ks are a giant rug pull for young people. They’re loosening the rules for them so they can all be gambled away and the inflation rate is so high the typical returns can’t keep up away. The only reason anyone should still use them is if you get employer match. If you don’t get match never contribute to a 401K.
>>537974405all your 401ks just got stolen to fund spacex you fat retarded cunt
>>537974780Try to get both. I had 401k's from a couple of companies, both matching. I also opened an IRA. Everything in indexes. Yeah, I'm neet now.
>>537974405lol the 401k is a method to prop up the stock markets by scamming workers for even more money. you won't be rich.
>>537974405If you want retirement, cash out whatever you have in your 401k, take the tax hit and stack physical silver.The silver is going to be your retirement.
My retirement plan is moving into my parents home after they pass away and paying the bills with a part time job. If I'm out of the will with no paid off shelter I will simply kill myself, there's no alternative.
>>537974405Investing is actively seeking opportunity to multiply your earnings. Doesn't mean trading and staring at charts every day. Does mean doing careful research into what assets have potential. How much of your free time you put into this is up to you. It's just another form of self-educating, you can succeed.
I retired as a 19 year old with bitcoin. Too bad you didn't buy, faggot.
>>537978512Parents need to put their house in a trust and name you trustee. Medicaid is going to take the home when their medical expenses balloon and then they die... shit is a scam, worse than reverse mortgage.
>>537974594I've been hearing about the death of Social Security for almost 30 years now. As soon as I started my first part time job after school. People will be saying the same thing in another 25 years I bet.
>>537974605>>537974745You dont know what you're talking about.
>>537980377People have been just updating you with why ss is dying.The first step was when ss trust was paying out more than it took in. The 2nd is the upcoming ss trust fund hits $0, where payouts drop by like 20 to 30%. Which just means you pay in more than you will ever get in when you adjust for inflation. So we will either increase the ss tax, decrease payout, or means test the payouts. Either way the net tax payer is getting fucked.
I'll break it down for you loser and dummies that will never have a real job.The 401k serves two purposes:>Employer match = free money>deferred taxationI'm grossing $120k a year right now. If I can set aside some money without paying taxes on it now, thats good, because when I'm a retired geezer, my gross income isnt going to be $120k. I'd rather pay less taxes later.
