Watching my 401K drop like a stone, as I’m sure many are, now is a perfect example why Social Security must be protected, and not privatized. It is also a great rebuttal against those who say people should just save on their own and invest in the market. How’d that work out in 1929?
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No need to waste tons of money on this stupidty.
That’s why there are higher tax brackets for higher Earners
So in the same vein I think higher earners who have less need should also receive less.
if you had sold your stocks on a downturn, you really really made a bad choice
also, so far, to date, no telling what tomorrow will bring, the downturn in March 2025 is really not tht bad
"capital gains tax"
or loss
:)
But it's easy to switch if you have a website.
I would give it a good month of solid gains before i jump back in.
But i knew trump was going to do all this stuff in the start.
On an inflation adjusted % (log) basis, the 1964 -1984 slump was just as bad
On the other hand if you started working and investing in 1984,
Similarly, if you started investing in 1997, bad timing for 10 years; but if you started in 2012 or so, god you were lucky
Global stocks were up while ours declined. This was the first time since the 80s this has happened.
Paystub!
Social Security provides a minimal foundation that many rely on.
You should save more, but if you don’t at least you get SS.
The money you put into social security is yours just like the money in your bank account t is yours.