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  1. #25

    Re: Hillary looks like she's about 90 years old walking down steps in India

    Quote Originally Posted by ravenmaniac4life View Post
    32% of Americans are saving in a retirement program... That's 104 million people.

    https://www.fool.com/retirement/2017...ve-a-401k.aspx

    What's your point?

    Sidenote, these people aren't saving anything. Pathetic...
    https://www.dailywire.com/news/28421...-emily-zanotti
    fuck hipsters.
    are we aloud to curse here?





  2. #26

    Re: Hillary looks like she's about 90 years old walking down steps in India

    Quote Originally Posted by WrongBaldy View Post
    32% thats way less than majority. so majority of ppl are not benefiting from the market highs thats my point
    That doesn't mean people aren't investing and making money. A 401k is one type of investment program.

    Furthermore...104 million people is a shitload of people. It's more than enough to win an election.





  3. #27

    Re: Hillary looks like she's about 90 years old walking down steps in India

    i dont care about the election. i want people to be educated and wealthy.
    i like the idea australia has with their retirmentsavings.
    http://business.time.com/2013/04/22/...rement-crisis/





  4. #28
    Join Date
    Mar 2015
    Location
    Pasadena, MD
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    12,189

    Re: Hillary looks like she's about 90 years old walking down steps in India

    Quote Originally Posted by WrongBaldy View Post
    i dont care about the election. i want people to be educated and wealthy.
    i like the idea australia has with their retirmentsavings.
    http://business.time.com/2013/04/22/...rement-crisis/
    That is pretty awesome.

    Sent from my Moto Z (2) using Tapatalk





  5. #29
    Join Date
    Jan 2018
    Location
    Ellicott City, MD
    Posts
    418

    Re: Hillary looks like she's about 90 years old walking down steps in India

    Quote Originally Posted by Ortizer View Post
    That is pretty awesome.

    Sent from my Moto Z (2) using Tapatalk
    It is, but It would depress salaries nationally since it mandates employer contributions which is an additional cost.

    I own a small defense contractor and we provide an 8% employer contribution into a SEP IRA. The employee can contribute if they want, but the investments are nondeductable, unlike the 401k. But the plan allows your to invest your employer's money into anything on the NYSE. unlike a 401k. Australia essentially mandates all employer's to the same starting at 9%.

    While salaries would be lower (my employees would get higher offers if we didn't offer a retirement plan), it would at least force folks to have something set aside, though I tend to flinch anytime we discuss a new government mandate.

    Unlike most employer-provided retirement plans in the US, I assume this would also somehow apply to non-salaried workers and consultants (1099s), though I am unsure how with current US tax laws.

    Sent from my SM-G955U using Tapatalk





  6. #30

    Re: Hillary looks like she's about 90 years old walking down steps in India

    Quote Originally Posted by WrongBaldy View Post
    i dont care about the election. i want people to be educated and wealthy.
    Cool.

    My response about retirement accounts was in response to Trump having a good record to run on in 2020. See below...

    Quote Originally Posted by ravenmaniac4life View Post
    People typically vote with their wallets (I do). If the economy stays strong and people continue to have better paychecks and more jobs are readily available and retirement accounts continue to grow...that's a tough record to run against...unless they care about porn stars from 15 years ago (they don't).
    then...you responded...

    Quote Originally Posted by WrongBaldy View Post
    how many avg ppl have retirement account or brokerage accounts and participating in the rally?
    So, 104 million people is a lot of people who are experiencing a surge in 401k income. That doesn’t include people who are making money from other investment programs. That’s a lot of people who would potentially be inclined to vote with their wallets...agree?





  7. #31

    Re: Hillary looks like she's about 90 years old walking down steps in India

    Quote Originally Posted by Don Frye's Moustache View Post
    It is, but It would depress salaries nationally since it mandates employer contributions which is an additional cost.
    I was thinking the same thing.

    These big government programs always come with a price...which inherently restricts us from how much money we can make in the free market. Bringing up the Scandanavian countries, they tax the hell out of their people in order to provide their big government programs. The US is the most free country in the world and that's one of the reasons our tax rate is well below the 34%average for developed countries. We could probably have these programs like Australia, but we would make less (lower salary) or keep less of our own money (higher tax rate).





  8. #32

    Re: Hillary looks like she's about 90 years old walking down steps in India

    Quote Originally Posted by ravenmaniac4life View Post
    Cool.

    My response about retirement accounts was in response to Trump having a good record to run on in 2020. See below...



    then...you responded...



    So, 104 million people is a lot of people who are experiencing a surge in 401k income. That doesn’t include people who are making money from other investment programs. That’s a lot of people who would potentially be inclined to vote with their wallets...agree?
    thats a lot but a small % of total population





  9. #33

    Re: Hillary looks like she's about 90 years old walking down steps in India

    this program will reduce use of social security and other programs for poor seniors so most likely will be a net benefit





  10. #34

    Re: Hillary looks like she's about 90 years old walking down steps in India

    Quote Originally Posted by WrongBaldy View Post
    thats a lot but a small % of total population
    It's still enough people to turn an election.

    I'm pretty sure roughly 130 -140 million votes were cast for the office of president in Nov 2016. 104 million is a big number in that context.

    In the context of the entire country, you are right. It's only 32%...and that's quite honestly kinda sad. I have liberal neighbors who don't have a 401k and they are both in their mid-late 30's. We were having a financial discussion once and they told me that they don't want any additional funds coming out of their paychecks. It was none of my business, so I didn't inquire further. I would say that I get it, but I don't.





  11. #35
    Join Date
    Sep 2009
    Posts
    21,926
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    1

    Re: Hillary looks like she's about 90 years old walking down steps in India

    Quote Originally Posted by ravenmaniac4life View Post
    It's still enough people to turn an election.

    I'm pretty sure roughly 130 -140 million votes were cast for the office of president in Nov 2016. 104 million is a big number in that context.

    In the context of the entire country, you are right. It's only 32%...and that's quite honestly kinda sad. I have liberal neighbors who don't have a 401k and they are both in their mid-late 30's. We were having a financial discussion once and they told me that they don't want any additional funds coming out of their paychecks. It was none of my business, so I didn't inquire further. I would say that I get it, but I don't.
    How many people are even of the age to invest in a 401k? Realistically we could say anyone over 18, but in reality we should say anyone over 24ish as it should be people of age to start a career.

    Based on this, it appears 104 million people represents roughly 67% of the people who are in the age range to invest 25-65

    https://www.kff.org/other/state-indi...2:%22asc%22%7D





  12. #36

    Re: Hillary looks like she's about 90 years old walking down steps in India

    Quote Originally Posted by NCRAVEN View Post
    How many people are even of the age to invest in a 401k? Realistically we could say anyone over 18, but in reality we should say anyone over 24ish as it should be people of age to start a career.

    Based on this, it appears 104 million people represents roughly 67% of the people who are in the age range to invest 25-65

    https://www.kff.org/other/state-indi...2:%22asc%22%7D
    That's a great point!

    Thx NCRAVEN.





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