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???? (praxisofevil@poa.st)'s status on Monday, 29-Jul-2024 12:25:23 JST ????

I guess we should be concerned with who is in the White House, not that either candidate will be any good but one's policy may affect us more than the other's. But the fact is I'm not concerned so much with who the president is, I'm concerned with whether I'm going to be able to ever live on my own again. I'm also concerned about losing my job and not being able to find another one, and how long will I be able to work because, let's face it, there's no way in hell I'm going to be able to retire.

In conversation about 7 months ago from poa.st permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 12:25:21 JST BowserNoodle ☦️
  in reply to
  - flux_the_cat (too cool for soundcloud)
  @PraxisOfEvil @flux_the_cat You'd be surprised at how impactful a few dollar bucks per month is, especially if you get a 401k match. Always choose Roth 401k AND open a personal Roth IRA (even if it's like $1 is all you can put in) ASAP. If and when you leave a job, you can rollover your Roth 401k and if you've had a Roth open for a few years you can take basis (current value - gains) out without penalty in some situations even if you're under retirement age.
  
  In conversation about 7 months ago permalink
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  flux_the_cat (too cool for soundcloud) (flux_the_cat@poa.st)'s status on Monday, 29-Jul-2024 12:25:22 JST flux_the_cat (too cool for soundcloud)
  in reply to
  
  @PraxisOfEvil the boomers are both the first and the last generation that will get to experience retirement.
  
  In conversation about 7 months ago permalink
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  ???? (praxisofevil@poa.st)'s status on Monday, 29-Jul-2024 12:25:22 JST ????
  in reply to
  - flux_the_cat (too cool for soundcloud)
  @flux_the_cat See, that's the thing, my dad's a boomer and I love him but he's always getting on my case about saving for retirement and I assume he doesn't know that you need to have at least 1 million to retire comfortably in the US, me tossing a few shekels into an IRA every month (which I can barely afford to do) isn't going to cut it.
  
  In conversation about 7 months ago permalink
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  ???? (praxisofevil@poa.st)'s status on Monday, 29-Jul-2024 12:32:17 JST ????
  in reply to
  - BowserNoodle ☦️
  - flux_the_cat (too cool for soundcloud)
  @BowsacNoodle @flux_the_cat I have a Roth IRA now and I do contribute to it, I'm paying back debt and not spending money on anything that isn't necessary now in an attempt to get my finances under control, but lately I get the sense that it's pointless.
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 12:32:17 JST BowserNoodle ☦️
  in reply to
  - flux_the_cat (too cool for soundcloud)
  @PraxisOfEvil @flux_the_cat Think of it as hedging your bets. What if collapse is less dramatic and more a decline in quality of systems and standards of living. Better to have your shit somewhat in order in case the winds blow in a better direction.
  
  In conversation about 7 months ago permalink
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  Witch Hunter Siegfired (witch_hunter_siegfired@poa.st)'s status on Monday, 29-Jul-2024 12:42:44 JST Witch Hunter Siegfired
  in reply to
  - BowserNoodle ☦️
  - flux_the_cat (too cool for soundcloud)
  @BowsacNoodle @PraxisOfEvil @flux_the_cat Non-Fren Radar is picking it up.
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 12:42:44 JST BowserNoodle ☦️
  in reply to
  - flux_the_cat (too cool for soundcloud)
  - Witch Hunter Siegfired
  @Witch_Hunter_Siegfired @PraxisOfEvil @flux_the_cat is that an extension? amazing 🤩
  
  In conversation about 7 months ago permalink
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  Leinad (leinad@poa.st)'s status on Monday, 29-Jul-2024 13:28:49 JST Leinad
  in reply to
  @skylar @BowsacNoodle @PraxisOfEvil @flux_the_cat Skill issue + don´t be poor
  In conversation about 7 months ago permalink
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  skylar :confederateflag:??? :z: (skylar@misskey.yandere.love)'s status on Monday, 29-Jul-2024 13:28:50 JST skylar :confederateflag:??? :z:
  in reply to
  - BowserNoodle ☦️
  - flux_the_cat (too cool for soundcloud)
  @BowsacNoodle @PraxisOfEvil @flux_the_cat personally, i wouldn't count on ever seeing a dime of what i put in to a designated retirement account, it goes from real money that you can hold in your hand to imaginary money that you may or may not get in the future.
  sure there's vast tomes of laws and regulations governing how the various types of retirement accounts are run and taxed, but what if they just go and change them, because fuck you that's why?
  the era of a stable financial system in the west where it was reasonable to expect things to stay the same for enough decades that one could plan for retirement has come to an end. if they're willing to a throw a wrench into their own system of global financial control in a hissy fit over the situation in ukraine, they're more than willing to arbitrarily change the rules on retirement accounts in a way where regular folks will never see more than a pittance from them.
  
  In conversation about 7 months ago permalink
  
  BowserNoodle ☦️ repeated this.
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 13:33:23 JST sapphire
  in reply to
  @skylar @BowsacNoodle @PraxisOfEvil @flux_the_cat yeah lemme insert a 2024 dollar so I can get it back as two 2087 dollars(worth nothing) if I live that long without getting culturally enriched
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 13:33:23 JST BowserNoodle ☦️
  in reply to
  @sapphire @skylar @PraxisOfEvil @flux_the_cat If you look at stonk trends v inflation, it's always kept up or exceeded inflation over 20 years. I'm not going to pretend it one day won't or that there's no chance that it might not matter in 30 or even 10 years, but I also don't think it's wise to assume it will never happen. Again it's about hedging. If you get a 401k match, put in Roth dollars so you get free regular money (traditional aka not roth).
  
  In conversation about 7 months ago permalink
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  skylar :confederateflag:??? :z: (skylar@misskey.yandere.love)'s status on Monday, 29-Jul-2024 13:40:00 JST skylar :confederateflag:??? :z:
  in reply to
  @Leinad @BowsacNoodle @PraxisOfEvil @flux_the_cat hear me out chat
  maybe these two different arguments have something in common after all
  if you're depending on the government to maintain useful infrastructure, you're gonna have a bad time
  likewise, if you're depending on them to maintain a stable financial system and play by the rules set for retirement accounts decades ago with only minor variations, you're gonna have a bad time
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 13:41:19 JST BowserNoodle ☦️
  in reply to
  @skylar @Leinad @PraxisOfEvil @flux_the_cat Hilary Clinton had her staff team looking into taxation on Roth IRAs. Before Ukraine there was a pretense of fiscal responsibility they had to make an appearance of
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 13:42:11 JST BowserNoodle ☦️
  in reply to
  @sapphire @skylar @Leinad @PraxisOfEvil @flux_the_cat Be a lot cooler if we did
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 13:42:12 JST sapphire
  in reply to
  @skylar @BowsacNoodle @Leinad @PraxisOfEvil @flux_the_cat no you don’t understand we all live in this retards fantasy where Hitler won
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 13:48:43 JST BowserNoodle ☦️
  in reply to
  @sapphire @skylar @PraxisOfEvil @flux_the_cat I can spell it out clearer for you with numbers if you need it.
  >You get paid $100 and company matches 3%
  >$3 goes into Roth 401k, $3 traditional 401k
  >Tomorrow, you move your Roth 401k to a Roth IRA. You withdrawal your $3. Remaining dollars (interest and gains) are house money you get to play off. You still have $3 sitting in traditional 401k.
  Free money.
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 13:48:44 JST sapphire
  in reply to
  @BowsacNoodle @skylar @PraxisOfEvil @flux_the_cat no I think I’m not going to do that thing for money I’ll never see
  
  Remember most of the time when they push back the retirement age because social security can’t afford the huge mass of niggers who don’t pay, that pushes back your ability to withdraw from these
  
  By the time you’re ready to retire they’ll have pushed the age back to 137 unless you’re brown
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 13:50:50 JST BowserNoodle ☦️
  in reply to
  @sapphire @skylar @PraxisOfEvil @flux_the_cat Why couldn't you ever touch it? You can literally take the other $3 or whenever, but you have to pay taxes on it.
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 13:50:51 JST sapphire
  in reply to
  @BowsacNoodle @skylar @PraxisOfEvil @flux_the_cat ok so I get $3 that I likely can never touch and $100 I have to pay taxes on exactly the same as if I just took it in my paycheck
  
  What’s the point of this again?
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 13:52:41 JST BowserNoodle ☦️
  in reply to
  @sapphire @skylar @PraxisOfEvil @flux_the_cat I already explained that a few posts up. pay attention. withdrawal of basis on Roth is USUALLY not penalized even pre 59½.
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 13:52:42 JST sapphire
  in reply to
  @BowsacNoodle @PraxisOfEvil @flux_the_cat @skylar your edit actually reminded me of the penalty on top so even worse, im paying 10% extra to have imaginary money
  
  Im essentially betting a 10% penalty on whatever money i put in that America will last until i retire, which i dont believe. Id unironically rather take that money and put it on the craps table
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 13:54:50 JST sapphire
  in reply to
  @BowsacNoodle @skylar @PraxisOfEvil @flux_the_cat no you can't, in most retirement funds withdrawal, even with penalty, is only allowed for certain extenuating circumstances and pulling out any sort of big money is a great way to get instantly audited.
  
  t. took 1000 dollars out of my 401k when I had one and got instantly audited
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 13:54:50 JST BowserNoodle ☦️
  in reply to
  @sapphire @skylar @PraxisOfEvil @flux_the_cat You're wildly ignorant on this. You can do an in service rollover or transfer on a lot of plans. Also who stays at a job for decades? Most people are in a new one every 3 years anyway. Your 401k is yours when you leave. Rollover to an IRA and you can do whatever the hell you want with it.
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 13:55:46 JST sapphire
  in reply to
  @skylar @BowsacNoodle @PraxisOfEvil @flux_the_cat the amount of coin clipping on some of these private retirement funds is ridiculous, a buddy of mine had to move his because they were charging like 2.9% per month as an admin fee
  
  In conversation about 7 months ago permalink
  
  BowserNoodle ☦️ likes this.
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  skylar :confederateflag:??? :z: (skylar@misskey.yandere.love)'s status on Monday, 29-Jul-2024 13:55:47 JST skylar :confederateflag:??? :z:
  in reply to
  @BowsacNoodle @PraxisOfEvil @flux_the_cat @sapphire
  >Tomorrow, you move your Roth 401k to a Roth IRA.
  we have automatically deducted the $80 administrative fee from your account
  >You withdrawal your $3.
  we have applied the early withdrawal penalty since you're not 90 years old, here's your $2 and a $35 administrative fee for the withdrawal. you owe $33. if you pay by credit card, there is a 10% fee. if you pay by check, there is a $3.99 fee.
  >Remaining dollars (interest and gains) are house money you get to play off. You still have $3 sitting in traditional 401k.
  we'll pilfer those 3 dollars later
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 13:55:53 JST BowserNoodle ☦️
  in reply to
  @sapphire @skylar @PraxisOfEvil @flux_the_cat disgusting
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 13:57:26 JST sapphire
  in reply to
  @BowsacNoodle @skylar @PraxisOfEvil @flux_the_cat >roll over to an IRA and get charged service fees out the ass goy
  
  no thanks, I think I'll just continue to gamble on GAE or my body collapsing before I retire which is a pretty much guaranteed proposition
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 13:57:26 JST BowserNoodle ☦️
  in reply to
  @sapphire @skylar @PraxisOfEvil @flux_the_cat You pay fees for things you can do for free? Sad.
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 13:59:58 JST BowserNoodle ☦️
  in reply to
  @sapphire @skylar @PraxisOfEvil @flux_the_cat I actually know how these things work and what they cost. It's fairly easy to do this type of shit. If you don't want to be in the market go with a money market fund or stable value fund. No cost to enter. Both are as close to guaranteed as you can get with money markets being made of US government debt (if that defaults your money isn't worth the paper its printed on).
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 13:59:59 JST sapphire
  in reply to
  @BowsacNoodle @skylar @PraxisOfEvil @flux_the_cat no, I just don't do those things lmfao try to pay attention
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 14:01:42 JST sapphire
  in reply to
  @BowsacNoodle @skylar @PraxisOfEvil @flux_the_cat no thanks, I'm going to continue to bet against America lasting long enough for this to matter, and I'm going to continue to invest my paycheck in things that will actually matter if I'm right
  
  I'm simply not going to take the time to move money around accounts and instead I'll take the time to move ammo and shelf stable food into my closet
  
  In conversation about 7 months ago permalink
  
  BowserNoodle ☦️ likes this.
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 14:02:35 JST BowserNoodle ☦️
  in reply to
  @sapphire @skylar @PraxisOfEvil @flux_the_cat Suit yourself. I earnestly hope it works out for you. It probably will too, because prepping is valuable.
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 14:03:47 JST BowserNoodle ☦️
  in reply to
  @Leinad @sapphire @skylar @PraxisOfEvil @flux_the_cat perlman style Lil Donnie energy rn
  
  In conversation about 7 months ago permalink
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  Leinad (leinad@poa.st)'s status on Monday, 29-Jul-2024 14:03:48 JST Leinad
  in reply to
  @sapphire @skylar @BowsacNoodle @PraxisOfEvil @flux_the_cat two cars and a boat, maybe he´s compensating for something?
  Comeooon you got guns and the 2nd amendment and you can´t get a bunch of jews off wall street? and then you talk about "masculine"
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 14:03:48 JST sapphire
  in reply to
  @Leinad @skylar @BowsacNoodle @PraxisOfEvil @flux_the_cat shush child, wait for your school bus, the adults are talking about adult matters.
  
  Also lol lmao at you being so mad at an online pissfight you took pictures
  
  In conversation about 7 months ago permalink
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  Leinad (leinad@poa.st)'s status on Monday, 29-Jul-2024 14:03:48 JST Leinad
  in reply to
  @sapphire @skylar @BowsacNoodle @PraxisOfEvil @flux_the_cat like pissing yourself over retirement funds because the jews got you by the balls? but i thought you were BASED and had guns? and you let the IRS rape you like this?
  
  do me a favour and Go crash your car into a tree
  
  In conversation about 7 months ago permalink
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  Leinad (leinad@poa.st)'s status on Monday, 29-Jul-2024 14:03:49 JST Leinad
  in reply to
  @sapphire @skylar @BowsacNoodle @PraxisOfEvil @flux_the_cat no, im actually walking with my own to legs to your mom´s house so you can have a little brother
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 14:03:49 JST sapphire
  in reply to
  @Leinad @skylar @BowsacNoodle @PraxisOfEvil @flux_the_cat Good luck, her new boyfriend has two cars and a boat and she doesn't fuck poors
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 14:03:50 JST sapphire
  in reply to
  @BowsacNoodle @skylar @Leinad @PraxisOfEvil @flux_the_cat I’m spending my attainable retirement on that magical unicorn
  
  In conversation about 7 months ago permalink
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  Leinad (leinad@poa.st)'s status on Monday, 29-Jul-2024 14:03:50 JST Leinad
  in reply to
  @sapphire @BowsacNoodle @skylar @PraxisOfEvil @flux_the_cat no, you are gonna spend them into your 4 cars and then cry yourself to sleep when oil rises to 90$ per liter and they get taken away because the Zoggies say they need to be electrical now goy
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 14:03:50 JST sapphire
  in reply to
  @Leinad @skylar @BowsacNoodle @PraxisOfEvil @flux_the_cat shouldn't you be waiting for the bus to take you to your AIDS clinic or something?
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 14:05:24 JST BowserNoodle ☦️
  in reply to
  @sapphire @skylar @PraxisOfEvil @flux_the_cat I usually push for a good match. You can negotiate that BTW.
  
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 14:05:25 JST sapphire
  in reply to
  @BowsacNoodle @skylar @PraxisOfEvil @flux_the_cat and honestly its not worth the time and effort for 3% at most of my paycheck when I can earn way more than that in the same amount of time doing other activities. Counter-coin clipping the kikes might be worth it if you make 7 figures or have a ridiculous 401k match but for me with our awful match it'd come out to like 50 bucks a month before whatever fees and penalties the kikes want to shave off the top
  
  In conversation about 7 months ago permalink
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  Leinad (leinad@poa.st)'s status on Monday, 29-Jul-2024 14:07:26 JST Leinad
  in reply to
  @sapphire @skylar @BowsacNoodle @PraxisOfEvil @flux_the_cat i don´t know, shouldn´t you be driving into the white house and saving us all with the infinite power of having 4 cars and working from home? i don´t get it im supposed to be the poor guy but here you are crying about taxes...
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 14:07:26 JST BowserNoodle ☦️
  in reply to
  @Leinad @sapphire @skylar @PraxisOfEvil @flux_the_cat >HEY LIL LEINAD I JUST PEED IN A CUP AND DUMPED IT IN THE THREAD WHATDYA THINK ABOUT THAT!?
  In conversation about 7 months ago permalink
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  sapphire (sapphire@shortstacksran.ch)'s status on Monday, 29-Jul-2024 14:07:27 JST sapphire
  in reply to
  @Leinad @skylar @BowsacNoodle @PraxisOfEvil @flux_the_cat shouldn't you be fighting for your fantasy autarky or whatever the fuck you called it instead of shitting up my mentions?
  
  Or maybe you can go solo roleplay because you have no friends
  
  In conversation about 7 months ago permalink
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  skylar :confederateflag:??? :z: (skylar@misskey.yandere.love)'s status on Monday, 29-Jul-2024 14:08:59 JST skylar :confederateflag:??? :z:
  in reply to
  @BowsacNoodle @PraxisOfEvil @flux_the_cat @sapphire it could be worthwhile, especially if you're older and won't miss the match amount from your paycheck
  but that doesn't mean it's a good idea if you're in your early 20s and need all the dollars you can get
  
  In conversation about 7 months ago permalink
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  BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Monday, 29-Jul-2024 14:08:59 JST BowserNoodle ☦️
  in reply to
  @skylar @PraxisOfEvil @flux_the_cat @sapphire If you're young and broke, that's actually the best time to do it. The market usually goes crazy in a good way when shit is getting really bad for normies.
  
  In conversation about 7 months ago permalink

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