@patrickrhone @hawaiiboy
I guess what I’m saying is that your 401k may not look great tomorrow morning but the real question should be what are you doing now to make it to age 75? What are you able to leave behind a bit better than when you got it.
.. is under normal - even abnormal - circumstances good advice - but I believe we are in unprecedented times and territory.
“Expect the unexpected they say.”
None of this was unexpected - we were told very clearly.
The only part of that which has not yet played out is the two years bit … which frankly - I have no idea about - and neither does anyone else.
But if all this is expected - what will be uneexpected?
The opposition to whatever is going on needs to get out of the BAU mindset such as ‘this will be all over in 4 years’ and playing by the rules because it won’t if we do nothing now.
It is quite clear that ‘we the people are pissed and protesting’ - but the people in power are essentially doing nothing and if that continues and social security and medicare/caid is destroyed as the markets collapse and 401Ks disappear out the window - I am unclear how the vast majority of of people will make it over the next couple of years - much less till 75.
Sorry to be depressive - and maybe I am coming across as a conspiracy nut job - but I see nothing happening to stop this suite of nut jobs.