Maybe as soon as June Congress will pass a law making mandatory that employees put money in a 401 or 403 They got to keep funding the make believe merry go round some how With the big drops and recession coming people will pull out! Oh no can’t cut back on money for them to play with !!!

Before you guys scream I’m dreaming here you go

Geez, you're overthinking it.
As long as they keep printing it, they'll be PLENTY of money!

Yes dave but doesn't mean people have to put it in retirement accounts. It would be a good thing for the generation coming up that never plans ahead. But that's not congress's plan. They want to make sure investors and traders don't loose their jobs if everyone pulls out. No everyone won't pull out but some would be foolish not to before the big fall.......


"No new taxes for anyone making under 400,000 a year" LOL Let's just call it retirement savings .........

A bad day is coming.....when a society becomes soft as mush it falls..

If you’re not already putting money in a 401k, 403b, or whatever your company has available, you’re a fool. Especially if you’re my age. Social security will not be a thing when I’m retirement age, and even if it is retirement age will be 97 1/2 by then. Plan on retiring on your own dime cause there won’t be anything else soon

This is terrible advice. Do not pull your money out. Remember 2008? The ONLY people who lost anything were the ones who got scared and pulled out. Everyone who left their money there now has well over double what they had before the 2008 crash

I'm still in, invested aggressively.
And just retired.

But then again, never was one to put all eggs in one basket.

I'm SURE a savings account at 0.1% would do a better job of keeping up with out of control inflation...

But the point i'm making is the elite Washington law makers are once again out of touch with the working class. Lot of people are living pay check to pay check because of inflation. SO in the middle of this they are going to take another 3% for starters out of someone that is deciding gas or groceries. Then the utility bills ? Some are just trying to make it to retirement. Keep deducting from peoples checks. That's just going to make more want to stop working and play the system.

Those of us who are blessed to have worked all our lives to get ahead and sit back in our paid for homes driving our paid for cars can easily say it's not a problem.

Bob you are right to some extent . But LOT of people didn't have anything left to pull out!!! That was the issue. OR they did like some this time . Borrowed money against a house to invest in a stock market that might crash. Then they must pay back the mortgage and there they will get into trouble.

As much inside trading as they do, it is a wonder it didn't happen sooner.

2008 to now market doubled.

What else has doubled???? Have homes doubled, land doubled and many other costs doubled....has the national debt tripled? Quadruple the amount of money being printed out of thin air backing.....how many more trillion will they print to pay off student loans when they decide in August they need those votes and cancel that debt???

^ these may not be 'exact facts' but you get my drift.

Stock market is a scam imo...ymmv.

Accidental admission that social insecurity won't be there, maybe?

You born again conservatives beating up the Stock market again. Poor working class. I guess you born agains are ok with the the mandated 12.4% of your income you have to put in the Social Security Trust fund. Not that I'm for this new bill.

P.S. 401 k's don't have to be invested in the Stock Market. Of course a portion will.

I don't think anyone is saying 401Ks are bad. Matter of fact smart folks use them or other vehicles to fund retirement.

It's that belief that government can mandate such.

Ask yourself why the government is thinking about doing this? If u think it is because they care about u and me,keep your head in the sand, at this point it's ur best option. Most likely reason I can come up with is country has huge financial situation coming and they are wanting to control more of YOUR money. Keep in mind the government started SS "for your benefit" and look how good of ground its on...... just like everything the government gets involved in.

Exactly!

If government can mandate they can take. Retirement savings should be a purely personal choice even if some will starve in old age.
But I kind of suspect if charity and welfare are also a purely personal choice starvation will be held to a minimum.

Historically low interest rates near or below inflation since 2008 is primarily what has been driving the stock market. Very hard to get out and put your money somewhere else and not lose money. Most of the investment money has to go here to earn a decent return. All that money going there drives up the price of stocks. If the FED actually raises interest rates anywhere near inflation, things will change. Just like 2018.

Wont be long now people will be jumping off buildings after getting ruined like in the dirty 30's
They need to get rid of al the overlapping top heavy money wasting beurocracys and get on with the Basic income for everyone.
Then the cream will rise to the top.

"They" are the top heavy money wasters