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Message
1
Posted on 5/27/26 at 4:00 pm to Dire Wolf
quote:
maybe they could start taxing Roth withdrawals
everyone over the age of 59 1/2 would with draw all money in Roth IRA, before the tax law could kick in
Posted on 5/27/26 at 4:01 pm to Tiger Ryno
cant help it man....im a broke bitch. broken down body, broken down life and broken down bank account
only thing that keeps me going is living vicariously through my 6 year Jaden who is the ultimate travel baller.......i did a go fund me and now we have trips to New York, Dominican republic and southern cali coming up so he can show the other 5 year olds (my kid is a grade hold back) who is really the best 2039 in the nation. Cant wait, only thing i have to live for.
only thing that keeps me going is living vicariously through my 6 year Jaden who is the ultimate travel baller.......i did a go fund me and now we have trips to New York, Dominican republic and southern cali coming up so he can show the other 5 year olds (my kid is a grade hold back) who is really the best 2039 in the nation. Cant wait, only thing i have to live for.
Posted on 5/27/26 at 4:04 pm to Dire Wolf
quote:
they could start taxing Roth withdrawals,
I would fricking melt
Posted on 5/27/26 at 4:05 pm to Dire Wolf
quote:
maybe they could start taxing Roth withdrawals
quote:
anything is possible
I'd put a higher probability on China nuking us than US politicians raiding retirement accounts.
If something like that is on the table for real, you probably don't even have anything left in retirement savings because you've already withdrawn everything and converted it to bullets and fire wood.
Posted on 5/27/26 at 4:07 pm to Saintsisit
quote:
approaching 2 mill +. I'd be nice to have that and retire at 55
Health care cost would be the issue. Over the course of the decade until 65, if you average 2K a month for those 120 months, that's nearly a quarter of your savings spent before 65.
Posted on 5/27/26 at 4:10 pm to JohnnyKilroy
quote:
I'd put a higher probability on China nuking us than US politicians raiding retirement accounts.
Just wait till the vast majority of the country is broke with no savings and the person who saved and built a nest egg is deemed the new rich class to vilify.
They literally elected a guy in NY that just said they would seize rental property after an inspection and turn it over to another entity. All to thunderous applause.
Posted on 5/27/26 at 4:12 pm to CleverUserName
quote:
They literally elected a guy in NY that just said they would seize rental property after an inspection and turn it over to another entity. All to thunderous applause.
is this how you start an insurgency/revolution?
Posted on 5/27/26 at 4:15 pm to CleverUserName
quote:
They literally elected a guy in NY that just said they would seize rental property after an inspection and turn it over to another entity. All to thunderous applause.
People say a lot of things. I'd like to see Mamdani try.
Posted on 5/27/26 at 4:18 pm to Slippy
Are we talking bank accounts alone or including investment accounts?
Posted on 5/27/26 at 4:21 pm to Fun Bunch
quote:
Every time I think maybe I'm not doing enough I look at stuff like this and it puts it into perspective that I am doing fine
Yea, agreed.
Posted on 5/27/26 at 4:23 pm to TigerintheNO
My company keeps our insurance in effect from 55 to 65 if we retire early.
This post was edited on 5/27/26 at 4:24 pm
Posted on 5/27/26 at 4:28 pm to Slippy
This is why Social Security can never go away, under current circumstances, and can’t be significantly reduced.
The government created a dependency and got the vast majority hooked on it.
Posted on 5/27/26 at 4:29 pm to TigerintheNO
(no message)
This post was edited on 5/27/26 at 4:41 pm
Posted on 5/27/26 at 4:30 pm to Slippy
quote:
The median for folks aged 65 to 74 is $200,000
How is this even possible? Damn
Posted on 5/27/26 at 4:32 pm to Slippy
Once social security dries up and the Democrats get in charge, they will be divvying your 401K and retirement to those less privileged (poc). I can see that happening.
Posted on 5/27/26 at 4:33 pm to TheHarahanian
quote:
This is why Social Security can never go away
Was never meant to be your sole income in retirement. It’s supposed to be a supplement. It’s like the fast food workers that say they need a ‘living wage’ despite fast food jobs are meant to be entry into the workforce not ‘careers’.
Posted on 5/27/26 at 4:36 pm to ronricks
quote:
Was never meant to be your sole income in retirement. It’s supposed to be a supplement.
Doesn’t matter. It’s going to be the sole income for most.
Posted on 5/27/26 at 4:36 pm to Salmon
quote:
It was a very eye opening conversation.
Damn.
I max out my employer match and tell every new hire to do the same.
Posted on 5/27/26 at 4:38 pm to Tifway419
quote:
I have a separate brokerage outside of my 401k as a bridge account if I want to retire early, kinda worries me they’ll raid that first.
What is all this conspiracy raiding mentioned in this thread?
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