Can you retire under this contract? Y/N

[DELACROIX]

Inflation?
Feds respond with the same action as always: Raise interest rates.
Reaction? The history never changes.
Market fears, stocks tank.
Kills the housing and construction market. Public holds back spending(save all you can, they told us we are in a recession), less spending always results in higher prices.
Live it up socialist.

Is there anyway around this recession..all we are getting now is spin from the White House and Washington... Housing interest rates have almost tripled...prices that were already overinflated are crashing just after the property taxes were raised. Wages and products will continue to climb, Home Gas prices almost doubled, everything is going to be passed to the consumer.

Inflation will not stop or slow down.. we are fooling ourselves by listening to these politicians trying to cover their asses. The recent Saudi snub indicates how well our leadership is perceived by the rest if the world.

Seriously is their any hope of turning this around on the horizon?

 

[BrownFlush]

Is there anyway around this recession..all we are getting now is spin from the White House and Washington... Housing interest rates have almost tripled...prices that were already overinflated are crashing just after the property taxes were raised. Wages and products will continue to climb, Home Gas prices almost doubled, everything is going to be passed to the consumer.

Inflation will not stop or slow down.. we are fooling ourselves by listening to these politicians trying to cover their asses. The recent Saudi snub indicates how well our leadership is perceived by the rest if the world.

Seriously is their any hope of turning this around on the horizon?

The horizon is always different because the length of endurance time is always different.
How long will it be that housing prices get low enough to attract buyers again?
How long will it take companies to clear their inventory (unload during the slow down) of the products they have produced and are on the shelves, until they start production and hiring again.
How long will it be until families feel confident about spending money taking a vacation, buying a new car, etc?
Wealth generates wealth. That wealth from good ole capitalism will reduce interest rates and raise the value of everything.
I'm no finance guru, but I've learned from history that we do not learn from history.

 

[Up In Smoke]

Thats a pretty auspicious endeavor.... for a PT employee.

You and @wilberforce15 need to team up.

Well I've got the time and it's something I enjoy doing. The sarcasm didn't go unnoticed.

 

[eats packages]

Only contributing a little bit to the 401K because I'm supposed to be one of those cash-only buyers that swoops in to save your home equity lol.

 

[Up In Smoke]

Is there anyway around this recession..all we are getting now is spin from the White House and Washington... Housing interest rates have almost tripled...prices that were already overinflated are crashing just after the property taxes were raised. Wages and products will continue to climb, Home Gas prices almost doubled, everything is going to be passed to the consumer.

Inflation will not stop or slow down.. we are fooling ourselves by listening to these politicians trying to cover their asses. The recent Saudi snub indicates how well our leadership is perceived by the rest if the world.

Seriously is their any hope of turning this around on the horizon?

History shows most recessions last 6-9 months. The 70s and 80s saw three back to back recessions that seemed to strangle an entire decade before letting go.

 

[IVE GOTTA PACKAGE 4U]

History shows most recessions last 6-9 months. The 70s and 80s saw three back to back recessions that seemed to strangle an entire decade before letting go.

In the '70s the Dow Jones had a 5% return for the whole decade

 

[Thebrownblob]

Only at UPS can a bunch of box truck drivers look down on electricians, plumbers, programmers, and people in school for real subjects.

But that's what we have here.
I know a dozen PTers who have Master's degrees, or who own businesses and employ lots of people, and make more than drivers.

Great who said anyone’s looking down on any of those people and who says, drivers don’t have degrees as well? You’re making a lot of assumptions which to me says that you’re emotional about the subject because usually you’re quite logical.

 

[ManInBrown]

I can only speak for me, but I stopped contributing a couple years ago when I saw that my 401k was gonna be wiped out. I have real estate so I know my retirement will be a lot better.

But it’s only wiped out if you sell at that time. I have a decade and a half till retirement. As far as I’m concerned all I’m doing Is buying cheap. I also have half in something very safe, and the other half in the S&P.

 

[ManInBrown]

Not an expert...401k’s and pension trusts are invested in the stock market, annuities and bonds...generally they pay at a rate of 8 to 10 % annually, 2021 was an exceptional market return...guessing over 20 percent.. 2022 will be another story. It evens out eventually..

I think for Trump’s entire presidency from inaugaration to a few months before Brandon was installed my 401K was +22%. From LGB first day till today it’s -13.66%, but I also switched my investments around so I don’t know how accurate that is. When Trump was in I was 100% S&P.

 

[wilberforce15]

Great who said anyone’s looking down on any of those people and who says, drivers don’t have degrees as well? You’re making a lot of assumptions which to me says that you’re emotional about the subject because usually you’re quite logical.

She said anyone's looking down on part-timers? Have you even been on this forum before? Forever worked at ups?

 

[DELACROIX]

I think for Trump’s entire presidency from inaugaration to a few months before Brandon was installed my 401K was +22%. From LGB first day till today it’s -13.66%, but I also switched my investments around so I don’t know how accurate that is. When Trump was in I was 100% S&P.

Most of us knew that when Biden got into office it was a matter of time before our investments took a hit. Magical thinking on our part..

What grieves me now is that if Trump would of won in 2020 all of our retirement goals would of been more obtainable and secure.

It has been one blunder after another.

 

[Thebrownblob]

She said anyone's looking down on part-timers? Have you even been on this forum before? Forever worked at ups?

Yep been here a long time been a part time as well also have a degree. And I have no idea what you’re talking about looking down on anyone.

 

[Up In Smoke]

I think for Trump’s entire presidency from inaugaration to a few months before Brandon was installed my 401K was +22%. From LGB first day till today it’s -13.66%, but I also switched my investments around so I don’t know how accurate that is. When Trump was in I was 100% S&P.

The S&P from Jan 21 to today is down .01% and with an average dividend 2.5% your 401K should be about 4.8% higher over the last 18 months.

 

[wilberforce15]

Yep been here a long time been a part time as well also have a degree. And I have no idea what you’re talking about looking down on anyone.

I think this post speaks for itself. You have made my case.

 

[Thebrownblob]

I think this post speaks for itself. You have made my case.

Um no, my post speaks for itself you’ve made my case lol we can both play that silly game.

 

[ManInBrown]

Most of us knew that when Biden got into office it was a matter of time before our investments took a hit. Magical thinking on our part..

What grieves me now is that if Trump would of won in 2020 all of our retirement goals would of been more obtainable and secure.

It has been one blunder after another.

What gets me is there is a large part of the blue collar working class that still believe the Dems are their party. Couldn’t be further from the truth. They are the party of ultra rich elitists and Hollyweird. Not only are they not our party, they despise us.

 

[ManInBrown]

What gets me is there is a large part of the blue collar working class that still believe the Dems are their party. Couldn’t be further from the truth. They are the party of ultra rich elitists and Hollyweird. Not only are they not our party, they despise us.

Neither are the republicans in 3..2..1

Yes I know that

 

[ManInBrown]

The S&P from Jan 21 to today is down .01% and with an average dividend 2.5% your 401K should be about 4.8% higher over the last 18 months.

Bwahahahaha you do realize there’s a custom search where you can type exact dates in correct? It’s down 13.66%

 

[wilberforce15]

Um no, my post speaks for itself you’ve made my case lol we can both play that silly game.

We all know you didn't deserve to pass high school, and the posts are evidence of that. Please keep writing.

 

[Thebrownblob]

We all know you didn't deserve to pass high school, and the posts are evidence of that. Please keep writing.

OK Wilbur, you’re the smartest guy on here lol, and everyone knows it. Please continue to pack yourself on the back we’re all laughing at you when you post.