@ac
Curious, what is that supposed to mean?
Do you have some insight as to this individuals financial situation and goals to make that statement?
17 replies (most recent on top)
@OP
I don't understand the question.
Depends on a number of factors of which we don't know to give you an answer.
Based on that, @a6+1kbdqzs4z gave you the answer,
@ev Right, I'm agreeing with them. Anyone paying attention to prices and the job market knows the economy is shaky and it's not really improving, despite being told it would be better on "day one".
@ap It's been nearly a year and the economy is not doing great. The stock market is still in a bull run (that ironically started under Biden), but it's mostly being driven by AI. The AI deregulation is maybe one thing we can give the current administration some credit for, but that's about it. Really, the rest of the economy is pretty substandard otherwise.
We need policy that will drive real wage growth, since I doubt prices will come down much without a major deflationary economic catastrophe.
@c2 "earning my own income"?
How else would I be funding a 401(k)?
The next time you want to play, try using AI to help you make a rational argument.
I am doing just fine.
Try earning your own income I assume you are planning on collecting what your parents are leaving you.
Good luck on that plan champ!
Cheers!
You'll get there OP, just keep contributing.
@ac Maybe in some bankrupt red state. Try retiring in a desirable coastal city with nice weather, it'll take a minimum 3x that.
@a9 your TDS on full display.
@ag I'm up 17% only invested in indexes because I'm about as passive and long-term focused as possible. This allocation trails last year's 21% invested the exact same. It's difficult to find a more objective view of the diminished performance of this POTUS compared to the previous one. Unless you're going to cherry-pick bad economic news to fit an agenda.
About 40-45 depending on the age you started working and maxing out 401k.
@a9 I'm up about 25% on the year with a moderate mix. Not very aggressive.
Markets are all up significantly this year so anyone blaming their 401k su-king on anyone other than themselves is a child diddling POS.
@a8
If you can't retire on $1m you are doing something wrong.
@a9 Yeah. Word salad or the Dementia patient were really gonna save the day on your investments.
Well, it's certainly taking longer than it was supposed to since the dimmest bulbs in America reelected the mango mo--n.
A couple of days if you roll a previous employer IRA in that’s already sitting at a mill.
It takes what it takes, but seeing two commas is nice. It isn’t enough to retire anymore, but it’s nice.
When there is more than one million US dollars in the account, then its a million. Other currencies work the same.