Plunging THEIR retirement savings? Most of these hateful fools have already cashed out their retirement accounts. They just continue to obliterate the generations following behind them.
lol no they haven’t (your average boomer has less than 100k in retirement savings; even if that number has modestly improved in the years since I recall seeing that study and headline - say to 300k - anyone in that kind of situation has to remain invested)
I mean I don’t care about being right, I care more about people being aware of it bc it’s actually a big problem that I hope we learn from
sorry if I came off as being pretentious (I should have said “consider the math” instead of “I don’t think you understand”, I just woke up and that was rude)
Doubtful. And if you have a 401K you don’t “cash out” unless you want to run out of money. You still have to manage your investments and it’s nearly impossible to survive if you don’t have a significant portion in the stock market.
It is not just Boomers, though. Plenty of younger folks have bought into Trump. Go on FB, and you will see many. I saw a profile of a Trump lover who posted a lot showing off his guns from rifles/hand guns to military weaponry. He did things to annoy his neighbors then posted their reactions.
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The rest of us have to sit through this and pray that our accounts recover.
That is not going to come close to being sufficient for the vast majority of people and that is why so many boomers remain invested
sorry if I came off as being pretentious (I should have said “consider the math” instead of “I don’t think you understand”, I just woke up and that was rude)
That isn’t enough to buy an annuity and coast through retirement on the income
https://finance.yahoo.com/news/average-retirement-savings-baby-boomers-125500443.html