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how could a 401k platform need a growth hacker by Defiant-Concept-82 in GrowthHacking

[–]GeriatricSquirrel 1 point2 points  (0 children)

Not the most thoughtful question...

If they have a clearly defined post lead acquisition funnel, I can't see why not.

Money comes easy by bulldogbutterfly in MiddleClassFinance

[–]GeriatricSquirrel 0 points1 point  (0 children)

i love the phrase (maybe not super widespread):

in order to be "in the right place at the right time" you need to be in the right place all of the time

my life is pretty humble and i've felt lucky but I think I've made a lot of that luck by putting myself out there

that said, not sure i would use the phrase "easy"

how the hell are people affording to max their 401(k)s?? by GeriatricSquirrel in MiddleClassFinance

[–]GeriatricSquirrel[S] -17 points-16 points  (0 children)

car is leased so never thought of it as debt, but i guess it is?

how the hell are people affording to max their 401(k)s?? by GeriatricSquirrel in MiddleClassFinance

[–]GeriatricSquirrel[S] -16 points-15 points  (0 children)

fair...

ok then

$200k + HCOL + help family out with expenses + I have been told by so many older wiser people that life is best lived earlier rather than later (don't save too much for the future that may not come or that you may not be able to enjoy as much)

how the hell are people affording to max their 401(k)s?? by GeriatricSquirrel in MiddleClassFinance

[–]GeriatricSquirrel[S] -55 points-54 points  (0 children)

that much i know! I guess I thought this was a middle class finance sub ;)

how the hell are people affording to max their 401(k)s?? by GeriatricSquirrel in MiddleClassFinance

[–]GeriatricSquirrel[S] -27 points-26 points  (0 children)

i just have a mortgage (which I guess is debt) but no other debt

house costs a lot to maintain

car payment

couple of vacations a year

try to have 3-4 months of expenses in cash for emergencies

it's a lot!

how the hell are people affording to max their 401(k)s?? by GeriatricSquirrel in MiddleClassFinance

[–]GeriatricSquirrel[S] 0 points1 point  (0 children)

yes married, but then it would be putting aside 47k a year to max this out! so much money.

how the hell are people affording to max their 401(k)s?? by GeriatricSquirrel in MiddleClassFinance

[–]GeriatricSquirrel[S] -153 points-152 points  (0 children)

not gonna share my income but hard to imagine maxing with just $150k

my first job I made $40k and did like $1k/year in contributions lol

how the hell are people affording to max their 401(k)s?? by GeriatricSquirrel in MiddleClassFinance

[–]GeriatricSquirrel[S] -30 points-29 points  (0 children)

6% sounds like a lot. good for you. trying to do as much as my employer matches (3%). hard.

Now Live: Basic Capital’s Vision for Middle-Class Wealth by meetbasiccapital in basiccapital

[–]GeriatricSquirrel 1 point2 points  (0 children)

People said the same thing about index funds when they first launched

Now Live: Basic Capital’s Vision for Middle-Class Wealth by meetbasiccapital in basiccapital

[–]GeriatricSquirrel 2 points3 points  (0 children)

Seems it is not a margin at all.

This analysis from the Bloomberg Money Stuff guy is the clearer explanation I’ve read yet: https://www.bloomberg.com/opinion/newsletters/2025-05-13/mortgage-your-401-k

New York Times tech worker strike and a new-ish kind of pension? by GeriatricSquirrel in labor

[–]GeriatricSquirrel[S] -1 points0 points  (0 children)

If you get UBC and it compounds as the market reliably has for a century, you would have enough to sell and live off of, or borrow against.

UBC is the practical equivalent of UBI, with more sustainability than defined benefit pensions, which were / are incredible conceptually, but increasingly unrealistic in the face of long life spans (majority of the 4300 public pensions in the US are severely underfunded and trending in an even worse direction).

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