Basically, just don't look at your retirement account for a while - ThreadSky

radiofreetom.bsky.social • 1 day ago

Basically, just don't look at your retirement account for a while

Reposted from Jesse Eisinger

Investors today:

Comments

jim5700.bsky.social•1 day ago

For four years?

mselheimer.bsky.social•1 day ago

How long is a while? (Asking for a friend).

carriesweet.bsky.social•1 day ago

I moved all my dough from my 401k to an IRA in January because I saw this coming. Not sure it did any good though.

mostlyoverthere.bsky.social•1 day ago

"I'm buying low. I'm buying low. I'm buying low." I just keep telling myself that, as I sit five years from retirement eligibility.

jimhealdmusic.bsky.social•1 day ago

This is actually the first time when I don't mind the 401K going down. If I lose another $50K and Trump-Misk-Vance are still taking a wrecking ball to the government and country at large, I'll be pissed.

inscribajournal.bsky.social•1 day ago

Could he be intentionally damaging the economy in order to juice it later with tax cuts so that he looks like a savior? Or is that too four-dimensional chess-y?

ldrberi.bsky.social•1 day ago

About 10 years

suhails.bsky.social•1 day ago

The way things are going, you guys may never get to retire.

bicyclebaskets.bsky.social•1 day ago

Well kind of hard when you are retired and ancient.

pauldimilla.bsky.social•1 day ago

Great advice for those who have been paying attention to what the president/co-president have been doing.

Bad advice for everyone else, who need to see how the chaos directly impacts them.

drgdave.bsky.social•1 day ago

Oh, I don't plan to look at it until I retire, which is a ways off.

It's a *longer* way off today than it was yesterday --- and I'm sure that tomorrow, it will be longer away still ---

bobsalpha1.bsky.social•1 day ago

Just treat your retirement account how most voters treated the last election, pretend you don’t know what you are getting.

lpdoak.bsky.social•1 day ago

wiredtexan.bsky.social•1 day ago

Our son starts college this fall, we have to watch the 529. We are considering going with savings instead in the hopes that the 529 recovers for next semester or academic year. We are watching news about the Dept. of Education for indications of what impact the chaos of 'deleting it' will have.

karennotakaren.bsky.social•1 day ago

Too late

ncsudem.bsky.social•1 day ago

Crash 401Ks.
Slash Social Security.
Eviscerate Medicare.
Exsanguinate Medicaid.

Dear American Seniors,

Hurry up and die.

With hate,
Trumusk

Ps: 5/8 of you in nursing homes on Medicaid must be picked up by end of business, Friday.
Have fun!

pamelacanfield.bsky.social•1 day ago

So… I’m already retired and husband has to retire later this year. I guess we’re just effed. We worked our asses off, always paid our bills & taxes and never asked for a thing. May they all rot in hell.

elizabethpearce.bsky.social•1 day ago

So much winning

pp8010.bsky.social•1 day ago

I was planning on retiring in three years.

I have re-computed that stratagem based on current trends, forecasts, and models, and now plan on retiring in... (looks down, checks notes)

2097.

kcwarren.bsky.social•1 day ago

I haven't worked up the nerve to look at mine.

redbaybound.bsky.social•1 day ago

For the next 4 years

chasrosenblum.bsky.social•1 day ago

Only works if you’re not retired.

avrilhowes.bsky.social•1 day ago

I think we are now up to 368-dimensional chess?

klbuck.bsky.social•1 day ago

I just upped the percentage I put into it at the beginning of the year. This is going to be painful

seanmac31.bsky.social•1 day ago

Or look at it now and then go and call your representatives and scream your head off.

jazzaintbad.bsky.social•1 day ago

Can you define a while

thisuserisdumb.bsky.social•1 day ago

I told my husband last night that our net worth hit its all-time a couple weeks ago. It is all downhill from here.

jaydub2099.bsky.social•1 day ago

Or one could have seen what was coming and moved into short term cash equivalents.

hoptimusprime.bsky.social•1 day ago

Hope that everyone in American political media who said that Trump was kidding about this tariff and 51st state stuff has learned a lesson here, but I doubt it.

ilisette.bsky.social•1 day ago

529 plans for students now or soon to be enrolled in college screwed too.

jonesro.bsky.social•1 day ago

My strategy is to wait it out. I tend to buy during periods of stock price drops, but since I’m retired now I don’t have any money to do that with

slapula.bsky.social•1 day ago

Can't look at what doesn't exist 😂😭

peterglover.com•1 day ago

Sucks if you were planning on…oh…retiring in the near future.

michellebudz.bsky.social•1 day ago

I have no money in stocks. 😊

dominikpinkas.bsky.social•1 day ago

Wasn't the election "all about the economy" or something?

tfred.bsky.social•1 day ago

So much winning.

arbut.bsky.social•1 day ago

4 years is a long time

lynnhayes.bsky.social•1 day ago

froedipus.bsky.social•15 hours ago

Yep. But many people may have to... And some will still blame Biden.

salveadmitguy.bsky.social•1 day ago

I opened mine yesterday and immediately regretted it. What a shitshow.

jennay1123.bsky.social•20 hours ago

Can’t get in to see my “financial adviser” until next week. But they send me emails from the CE0’s telling me “chin up”. Fuck that.

radiofreetom.bsky.social•20 hours ago

I'm not looking at my accounts.

jillh61.bsky.social•1 day ago

Tell me about it. I use to not but since the 🍊guy took office it’s hard not too look at it.

annabellelecter.bsky.social•1 day ago

Trump take retirement.

Trump take eggs.

Trump no take responsibility.

lmdaniel.bsky.social•1 day ago

I received an email from my fund manager today asking for patience, I bloody live in Australia.

mikeilikemike.bsky.social•1 day ago

Well, they won’t have a retirement, but at least they’ll have the Gulf of America!

🫠

psgarak.bsky.social•1 day ago

Tired: The Economy would have crashed during the Pandemic regardless of whether Trump was the President or not.

Wired: The Economy would have crashed under Trump regardless of whether there was a Pandemic or not.

pdconner52.bsky.social•1 day ago

Hard not to when you are retirement age and still working full time.

hiram3rd.bsky.social•1 day ago

We won’t be able to when the power goes out.

chewieartist.bsky.social•1 day ago

I'm so glad I didn't reinvest my bonds.

greyseermatt.bsky.social•1 day ago

Moved my plan last week from 60/40 stock/bond mix to all core & high yield bonds. I’ll adjust further in a bit.

eigerjoch.bsky.social•1 day ago

OR have a quick look at vanguard move some money into European stock ETFs to offset the risk of, um

pjconway.bsky.social•1 day ago

It was all a matter of time…

era88.bsky.social•1 day ago

Yeah, that's a little difficult when you're actually retired.

fdrobovelt.bsky.social•1 day ago

I'm reallllly interested in how my Trump loving retired inlaws are reacting to this. 😆

If I had to bet, they'll find a way to blame it on some Jewish conspiracy or something.

tripowkow.bsky.social•1 day ago

Mine too.

jennay1123.bsky.social•20 hours ago

I’m terrified. Down 40 grand in one week. Maybe not much for some, but it’s really freaking me out.

obiunokenobi.bsky.social•1 day ago

… or don’t retire

juhharvey.bsky.social•1 day ago

What retirement?

nofoco.bsky.social•1 day ago

When the market crashes, the oligarchy can buy up assets for pennies on the dollar.

This has happened before.

ie- housing market collapse 2008.

https://bsky.app/profile/cwebbonline.com/post/3lk33ztefvs22

maclarke999.bsky.social•7 hours ago

In Aus we have super. After Trump got elected, wondered if I should shift mine from Balanced to Conservative, in case he was about to trash the global economy due to tariffs & general incompetence. But no, I told myself not to be so paranoid & decided to just leave things alone ☹️

mcstubbins.bsky.social•1 day ago

If this is the chemotherapy we need to get rid of this cancer, I can ride it out for awhile. Sadly, I know many cannot.

anewamy8.bsky.social•1 day ago

Like, 4 years?

algrhythm.bsky.social•1 day ago

Just dig in.

patfrank60.bsky.social•1 day ago

My daughter said some people have stopped investing in their 401k.

andyodom7.bsky.social•1 day ago

Like, ever again. The plan here is to burn the whole thing to the ground. To make it all collapse. The economy, the government, society at large. No ones gonna retire after this.

brett5355.bsky.social•1 day ago

Long term is still the way to go.

saysjaney.bsky.social•1 day ago

When you're 70?

dougers00.bsky.social•1 day ago

When you’re retired, you don’t have that luxury Tom.

sdrose.bsky.social•19 hours ago

Yes, it will only cause anxiety. If you must check the market, TSLA is the most fun to watch.

sdrose.bsky.social•18 hours ago

Almost forgot, also schadenfreude

sybilltrelawney.bsky.social•1 day ago

Oy, I was considering retiring soon to care for my ill spouse. I guess not this year.

waynefackelzug.bsky.social•19 hours ago

Well, cancer wiped out most of my 401Ks 15 years ago, refinancing my house 3 times to pay for medical treatment wiped out most of my equity, and now he wants to gut my social security. I would die, but I had to borrow against my life insurance, so I can't afford that.

ninaespina.bsky.social•1 day ago

Was planning to retire next year. Forget that now. Maybe in a decade after Trump destroys the economy and the Country.

sandyadam.bsky.social•1 day ago

I just got laid off (not gov wrkr) at 68. Want to retire, but might have to go job hunting. ugh.. You work over 50 years and have to deal with this crap. WTAF

tweetzou.bsky.social•1 day ago

What retirement account. I’m sure by now it will have been obliterated!

thefirstarticle.bsky.social•1 day ago

Encourage all Republucan voters to look and watch the cognitive dissonce of them telling you its great.

slickflood.bsky.social•1 day ago

Well I guess the good thing about being an artist and a woodworker we never retire ( we would never want to ) and have no funds or stocks to worry about. Just a paid off house, a rental , SS, live simply and doing our work, our joy until we kick!

deportelon.bsky.social•1 day ago

Well they’ve doubled since 2020 and quadrupled since 2012, increased by 6000% since 1980. I think the asset holders need to get to the back of the line in the economic complaint department.

marknhj.bsky.social•1 day ago

I must apologize for sneaking a peak on Sunday and being happy ytd was in the black. Regret applying the jinx.

pilgrimrh.bsky.social•14 hours ago

Looked at it today because it may be gone in a little "while."

uterpia.bsky.social•1 day ago

Basically, don't count on retirement.

jeffincny.bsky.social•1 day ago

I’ll never get to retire anyway so what’s the point?

bamford1.bsky.social•1 day ago

Why can’t someone strap a piece of duct tape on that orange blowhard’s mouth?!

hplem.bsky.social•1 day ago

I’m retired and don’t have the luxury of waiting for the long term damage Trump is doing to be undone.

lewgoct.bsky.social•1 day ago

I just retired

anfield77.bsky.social•1 day ago

Basically, give some thought to your Roth conversion strategy these next few weeks. You may save thousands of dollars in income taxes in 2025.

richardweld.bsky.social•1 day ago

It's nothing that can't be fixed by a global trade war or invading Canada.

catmando1212.bsky.social•1 day ago

Pulled all our money out a week ago before this shit show! Our new financial advisor will reinvest in smaller doses and safer stocks. It was sitting 50% risk before but now we are moving into safer territory! Hopefully there are some safer stocks to invest in! It's crazy town in the white House!

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