State collapse is inevitable when a society’s leaders are insulated from the negative consequences of their bad decisions.
Mike Shelby
He’s the bagman.
Yup. And it appears to me he is as crazy as a shithouse rat. It makes me wonder what will happen when he gets his ass handed to him this coming November.
My company contributes to a 401k for me. I do not. Any bonus we receive goes into the 401k, not as a payout. Board gets richer, but don’t pay their revenue generators anything worthwhile.
I’m 49. It’s all gonna crash out soon. I want to max my cards out and just head for the side of a mountain and meet my end there.
Black Pilled on most things, except Jesus.
Generally, an employer may match funds to some percentage of what you contribute by withholding from your paycheck. Whatever you have contributed is yours. If you contribute nothing and they are just granting stock options of funds directly to fund a 401k for you, that would be exceptionally rare. In either case I would find out how quickly your employer’s contributions vest, that is to say become yours entirely. If those funds vest at something like 33% a year, then they are essentially fully vested after 3 years. Five years is more common.
If you are black pilled to that extent on the whole big picture, I would suggest withdrawing your 401k or other retirement accounts early and taking the tax and penalty hit. You will take a big hit doing that, but you should then have a good pile of funds free and clear once taxes are paid. I would avoid the idea of running your life on maxxed out credit cards with the notion of not having to pay them off in a total collapse. It would literally take just that for that to be the case, and otherwise you will be putting yourself in a horrible hole.
After I left my job over the china flu vaxx fraud, I withdrew all of my retirement accounts over about 3 years while not working. The tax hits were lower since I had no other income. I bought a rural war farm and have lived there since. I still have plenty of cash on hand and PM’s in abundance in secure storage. I don’t regret my choice in the slightest
Agree
FWIW I transferred my pre tax 401k funds from my employer account to pre tax accounts thru my financial advisor. I invest in low risk plans that limit downside risk, that track the stock market. So if society goes belly up, I will have some money afterwards. You can always move it to an all cash account T Bills. At age 49, taxes and penalties will be expensive.
My thoughts are likely not fit to publish here. So I’ll just say this. Trump is delusional, if he thinks the masses are content with his “great economy” and rip roaring market indexes at all time highs (all of which is contrived bullshit anyway, as these valuations have no basis in reality).
What a (bad) joke this whole thing has turned out to be.
There is obviously a lot of anti Trump sentiment here. I get it but I remain cautiously optimistic that he can turn this ship around. I think his vision for this country is a good one but he is up against opposition no matter which way he turns. Besides, where would we be right now if that cackling gin hag Harris was sitting in the oval office? Is Trump just a case of the frying pan or the fire?
Thinking Trump can turn things around is like thinking you can turn things around with your wife after you came home and found she had killed all the kids and burned the house down.
It was bad enough that everything he claimed to be doing for us was a half measure at best, but Iran was way over the top. Comparing him to the imbecile they ran against him shows to extremes you have to go through to defend him. His failure to deal with the domestic enemies has energized them, and there is an emerging Marxist/Jacobian insurgency that is going to go for the brass ring one way or the other. Trump is so unpopular and so evidently criminal, these people will have the political power and will to remove and prosecute him after November. The whirlwind witch hunt against the common Heritage American and casual or suspected Trump supporters. will then begin in earnest.
Alternate reality right there. Groceries never came down . Fuel did briefly and now it’s doubled.
I hit my 30 years 2 months ago so I can retire at any time. I don’t think that would be a wise decision currently.
In the last 8 years, inflation has risen cumulatively ~32 – 34%, of course everything costs a 1/3 more.
President Years Approx. Cumulative Inflation
George W. Bush 2001–2009 ~20%–22%
Barack Obama 2009–2018 ~12%–13%
Donald Trump 2017–2021 ~8%–10%
Joe Biden 2021–2025 ~21%–22%
I was surprised how bad inflation was under GW Bush. Wars cost a huge amount of money, we are paying for them, and they continue to wage war, go figure
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