Are we in an Inflation Recession?

[IVE GOTTA PACKAGE 4U]

We need more than a cut I’m afraid. $100-$300 savings not enough. Need maybe $500 month to push economy quickly.

If you give me 5% interest rate I can build up my savings a lot quicker

 

[IVE GOTTA PACKAGE 4U]

This is my last go round. Get the medical and take the . Work PT somewhere if need be. Time/Health more important than $. You can never make enough.

No I got a good offer from one of my business customers on my route to pay me cash and I can make my own hours if I want to do it

 

[Over70irregs]

If you give me 5% interest rate I can build up my savings a lot quicker

The ladder is real.

 

[IVE GOTTA PACKAGE 4U]

The ladder is real.
View attachment 494922

I've been doing it for a couple years

You also have the option to have tax withheld from your interest.

 

[Over70irregs]

They are in trouble: We are surrounded by this.
Median 401(k) balance, per Vanguard:

Under 25: $28,16
25 to 34: $14,933
35 to 44: $35,537
45 to 54: $60,763
55 to 64: $87,571
65 and up: $88,488

 

[IVE GOTTA PACKAGE 4U]

They are in trouble: We are surrounded by this.
Median 401(k) balance, per Vanguard:

Under 25: $28,16
25 to 34: $14,933
35 to 44: $35,537
45 to 54: $60,763
55 to 64: $87,571
65 and up: $88,488

Is this amateur hour?

 

[Over70irregs]

Is this amateur hour?

Definitely amateur %.

 

[Thebrownblob]

Is this amateur hour?

They will be working until they’re dead.

 

[IVE GOTTA PACKAGE 4U]

They will be working until they’re dead.

2025 final answer

 

[Over70irregs]

They will be working until they’re dead.

Bingo. They know people are so desperate they’re allowing people to borrow a little bit of money from their 401(k) without penalty I read somewhere.

 

[Over70irregs]

2025 final answer

Do you one better. November 2024. It will be entertaining.

 

[Thebrownblob]

Bingo. They know people are so desperate they’re allowing people to borrow a little bit of money from their 401(k) without penalty I read somewhere.

Only makes the problem worse

 

[IVE GOTTA PACKAGE 4U]

Do you one better. November 2024. It will be entertaining.

I'm talking about me getting out of this smile*****

 

[Over70irregs]

I'm talking about me getting out of this smile*****

Go bro. Don’t look back.

 

[IVE GOTTA PACKAGE 4U]

Go bro. Don’t look back.

I'm doing everything I can

 

[Thebrownblob]

Go bro. Don’t look back.

Bankruptcy Filings Rise 16.2 Percent

Personal and business bankruptcy filings rose 16.2 percent in the twelve-month period ending June 30, 2024, compared with the previous year.

www.uscourts.gov

 

[Babagounj]

They are in trouble: We are surrounded by this.
Median 401(k) balance, per Vanguard:

Under 25: $28,16
25 to 34: $14,933
35 to 44: $35,537
45 to 54: $60,763
55 to 64: $87,571
65 and up: $88,488

Thank god I'm not average.

 

[Over70irregs]

Thank god I'm not average.

There’s no reason with all the overtime that we have worked over all the years even for the new guys there is no excuse to be average and allow the tax man to have all that money. We all know taxes are going up, so a ROTH might be in the cards