re: A quarter of Americans have no retirement savings. Zero.

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What are these millions upon millions of people going to do to support themselves when they get old?

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I don’t give a frick. They had their chance to make good decisions. They can eat cat food.

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They think Social Security is their retirement.

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What do those that never worked and lived off of mama and the dole think their retirement is going to be?

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once the liberals get serious about raiding our 401K's and IRA's to buy votes

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A lot of people throw around the "that will be what starts a shooting war" on the internet but that would possibly be the catalyst to really start some serious civil disobedience. Who knows where it could go from there?

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You a champion of the common man, brah?

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champion on math and statistics

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What you are telling me I suppose, based on the stats, is that we are a nation of poors. And that I'm truly in the 5%, if not maybe the 3%.

And that makes me fear for civilization, because I don't have much left over at the end of the month.

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welcome to the club. its not all its cracked up to be but way better than the alternative

but if you really want to fear for civilization understand that the lower middle class in our country would be considered upper middle class in europe based on standard of living, maybe even almost wealthy. now compare that to most places in eastern europe, asia and africa, south america......yea wealthy :lol:

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I lurk the Personal Finance subreddit, and an astounding number of people come to that board with aging parents who own a home worth $500k+ outright, refuse to downsize it, and have like $30k in retirement. If even ANY retirement.

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Dave Ramsey doing work

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I guess looking at this I'm doing ok,

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but I passed 1mill about 2 weeks ago in my 401k. I'm 48

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I also will have a decent pension.

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You obviously don't because you are one don't have either.

You must like it when socialist POS say things like, there's too much wealth ties up in personal IRAs ands 401ks

BTW you make yourself look like a flaming vagina when talk tough through a computer keyboard. That's classic liberal right there.

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are you fricking retarded? seriously

yea i dont have a 401k, an ira or a pension....nope nothing at all. im a broke mother fricker because i said i dont worry about that because liberals are losing seats left and right

i seriously worry about your cognitive ability and reasoning skills

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BTW you make yourself look like a flaming vagina when talk tough through a computer keyboard. That's classic liberal right there.

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yea im a liberal and flaming vagina because i pointed out how dumb your argument is




so let me break it down for you

1) liberals are losing seats across the board and by 2028 will be so far behind its very unlikely they get a majority again for a very long time.

2) going after ira and especially 401k is a death sentence politically

3) im one of the most economically conservative member of this board and anything but a socialist

4) pointing out the flaw in your argument doesn't make one socialist, just means your argument is straight propaganda fear mongering

the fact you took what i wrote...determined i didnt have a 401k or ira and must be a socialist does infer you are lacking when it comes to reasoning and critical thinking though usually stemming from an overall lack of iq.

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maybe they could start taxing Roth withdrawals, anything is possible and the government is going to have to raise taxes somewhere with the way they have been spending

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thats possible. they already tax the others to hell so i dunno wtf he is talking about "coming after" they already do

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I doubt it happens because olds vote too much

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this is why i said it wont happen. its political suicide. he thinks because the young douche bag blue hairs go protest and get on tv that they represent a huge swath of people that actually vote....they dont.

that is why i dont fear that. its a good way to be voted out and not regain power for 3 cycles and im talking about in blue areas. sure some places like the ones AOC represents can get away with that...but out on long island or in jersey...yea they would hang her arse. even the frick tard mayor in NYC doesnt have the balls to do it. thats how you get real political violence, leave people with no hope.

I guess I question it because some of my coworkers are approaching 2 mill +. I'd be nice to have that and retire at 55 but 58-59 should still be achievable.