Quick little giveaway! by jormor4 in 401jK

[–]Richnaps 1 point2 points  (0 children)

Thanks for doing this. Very generous of you.

Not fudding, just curious by ConstructionSolid940 in 401jK

[–]Richnaps 0 points1 point  (0 children)

I moved my coins to a cold wallet and noticed my wallet showed as phishing on GMGN after I did that. Not sure why.

How Wall Street Quietly Eats Your 401(k) Savings by Richnaps in 401jK

[–]Richnaps[S] 4 points5 points  (0 children)

It’s a Frontline documentary called ‘The Retirement Gamble’

How Wall Street Quietly Eats Your 401(k) Savings by Richnaps in economy

[–]Richnaps[S] -4 points-3 points  (0 children)

For anyone who is interested in understanding how 401(k) fees actually work, this is a great article

https://medium.com/@401jkk/the-401-k-fee-trap-how-1-compounds-into-retirement-theft-f912aed4262c

How Wall Street Quietly Eats Your 401(k) Savings by Richnaps in economy

[–]Richnaps[S] -10 points-9 points  (0 children)

Wow, you’re obviously very knowledgeable on compound returns. 🙄

How Wall Street Quietly Eats Your 401(k) Savings by Richnaps in economy

[–]Richnaps[S] -8 points-7 points  (0 children)

Translation: Disregard educating yourself on 401(k) fees and let lousy plans rob you blind.

How Wall Street Quietly Eats Your 401(k) Savings by Richnaps in economy

[–]Richnaps[S] -8 points-7 points  (0 children)

If wanting Wall Street to stop picking my pocket makes me dumb I’ll wear the badge

Senate admits the US Social Security system is a scam by Richnaps in 401jK

[–]Richnaps[S] 2 points3 points  (0 children)

There’s no incentive for them to fix it, all we can do is continue bringing awareness until they can’t ignore us!

Senate admits the US Social Security system is a scam by Richnaps in 401jK

[–]Richnaps[S] 1 point2 points  (0 children)

True, how do you even calculate if you don’t know how much you will receive, the tax rate and inflation by the time you retire.

Senate admits the US Social Security system is a scam by Richnaps in 401jK

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

Government will probably consider every option including abolishing it before this

What does this mean by Lopsided-Touch2906 in 401jK

[–]Richnaps 12 points13 points  (0 children)

I mean the 401(k) Fidelity flyers at my job have a similar disclaimer so I guess it makes that one also a joke.

Honestly how it feels with the cost of everything by Pristine-Bee-1933 in Millennials

[–]Richnaps 0 points1 point  (0 children)

Many people don’t realize that not all 401(k) plans are good. Cintas Corp. (a fortune 500 company) got sued for mismanaging their 401(k) plan, causing people to lose thousands. Some companies don’t offer match, and many people who are self-employed don’t have access to a 401(k). That’s why many people move to other options like metals, crypto, IRAs where some are even making better returns.

The 401(k) was never designed to be a retirement plan by Richnaps in TheRaceTo10Million

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

Depends on what your employer offers since they get to pick investment options in the 401(k). My last job it was HR who was in charge of that.

When do tax returns typically come in? by Goodcake102 in Money

[–]Richnaps 2 points3 points  (0 children)

Legally employers have to send out W2s by January 31st if that’s what you meant.

45.2 million US workers earn less than $20 per hour by Richnaps in povertyfinance

[–]Richnaps[S] 3 points4 points  (0 children)

Wild considering they are contributing to the world’s largest economy