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IronLionZion

(45,380 posts)

4. GOP will cut social security to screw workers who don't have 401K

Reply to Omaha Steve (Original post)

Thu Feb 13, 2020, 11:10 AM

Feb 2020

This stock market is an artificially propped up house of cards just waiting to tumble down. They're hoping the next president will have to fix it just like Bush did to Obama.

If things are so good, why do we need Fed stimulus and rate cuts?

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31 replies

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Highlight:

401(k)s hit records as workers sock away more, stocks jump [View all] Omaha Steve Feb 2020 OP

401k's Averaged a 37.65% gain under President Obama maxrandb Feb 2020 #1

Interesting article. ZenDem Feb 2020 #3

According to the U.S. Census Bureau jayschool2013 Feb 2020 #2

401K is mostly an illusion earthside Feb 2020 #6

Yes, if the average value is $117,000, that is nowhere near enough to live on csziggy Feb 2020 #13

Those are piddling little numbers. Aussie105 Feb 2020 #22

Yes - most Americans have no clue how much is really needed to retire csziggy Feb 2020 #23

That would include people of all ages MichMan Feb 2020 #26

Truth. rownesheck Feb 2020 #30

Not true. MichMan Feb 2020 #31

Thanks for the statistics on % of Americans with 401k plans. I knew it was in the minority. And iluvtennis Feb 2020 #7

GOP will cut social security to screw workers who don't have 401K IronLionZion Feb 2020 #4

That's what I've been thinking. safeinOhio Feb 2020 #9

If you can afford stocks, there are tax benefits to having it in a retirement plan IronLionZion Feb 2020 #10

I've been retired for 18 years. safeinOhio Feb 2020 #11

Get ready DownriverDem Feb 2020 #5

The turd had one trick, the trillion $ tax reduction for the uber rich. not_the_one Feb 2020 #16

That's not really true moose65 Feb 2020 #19

I said state of Louisiana. I worked for the state of Louisiana not_the_one Feb 2020 #20

I had a good amount of money in a 401(k) before the Bush/Cheney collapse. C Moon Feb 2020 #8

National debt Python boot Feb 2020 #12

Getting workers to invest in a rigged game. Brilliant. marble falls Feb 2020 #14

Yep ck4829 Feb 2020 #27

Thank the Fed. They pushed savers into stocks. Yavin4 Feb 2020 #15

Message auto-removed Name removed Feb 2020 #17

Doesn't the 401(k) hit new records all the time? It is an investment designed to grow. Midnight Writer Feb 2020 #18

It depends on what the 401K (or equivalents such as TSP) is invested in nitpicker Feb 2020 #28

The key is asset allocation Abnredleg Feb 2020 #29

Just one question . . . or two . . . . Aussie105 Feb 2020 #21

drumpf come out Monday declaring economy is in "serious trouble" Linda Ed Feb 2020 #24

I can't tell yet with my TSP nitpicker Feb 2020 #25