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SE Hoya Containment Thread (aka Politics) SE Hoya Containment Thread (aka Politics)

03-16-2017 , 11:30 AM
Quote:
Originally Posted by MEb
The math part isn't what I was referring to bot, it's the fact that finance bros never like to talk about how much luck is involved with actually ending up with a 401k that someone can adequately retire on.
what's the point of talking about luck? By definition you can't control it. It also seems so obvious that luck plays a major role that it doesn't need to be stated.
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 12:07 PM
Quote:
Originally Posted by bware
While your point is fair, FWIW the worst 35-year return in the history of the Dow is ~6% annualized. Over that long of a time horizon, things even out pretty well, and savers are welcome to assume conservative returns if they'd like.

ETA: assuming reinvested dividends, obviously


This is true, and the scenario of 100k at age 30 and never contributing again would basically never happen so it's kind of irrelevant what the results of that simulation would be. The overwhelming majority of people will be investing in 401k every paycheck so that will smooth out any bad luck of having 100k at the top of the market prior to a correction or something.

However, there is a lot of luck involved. Many workers don't even have 401k as an option. Others have crap plans with no match or high fees. Still others have decent plans but are completely clueless on investing and their investment choices could definitely cost them hundreds of thousands over their lifetimes. I've seen people that rolled over large 401k balances that changed jobs like 4-5 years ago and kept it all in cash the whole time. I'll ask my 28 y/o friends what their 401k is in and they'll say "a mutual fund", and it ends up being some garbage balances fund that's like 50% equity and has a 1.5% expense ratio. It's unreal. There should be a lot more investment education or advice available to these employees that are simply clueless about 401ks.
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 12:16 PM
Looking into IRAs, seems like I've ****ed myself real good borrowing money to get a degree. I knew I should have just put that I had a degree on my resume. No one ever checks that ****. Even if I dump the max allowable into it I'll still be ****ed come retirement and ldo there's no way I can afford to dump the max in. Seems like the best retirement strategy is eating a Winchester slug on my 65th birthday.
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 12:33 PM
Singularity will hit by then, don't worry about it.

Let's hope.

When factoring in SS you will likely be better off than you think.

Last edited by Onlydo2days; 03-16-2017 at 12:38 PM.
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 12:38 PM
Quote:
Originally Posted by Namath12
Looking into IRAs, seems like I've ****ed myself real good borrowing money to get a degree. I knew I should have just put that I had a degree on my resume. No one ever checks that ****. Even if I dump the max allowable into it I'll still be ****ed come retirement and ldo there's no way I can afford to dump the max in. Seems like the best retirement strategy is eating a Winchester slug on my 65th birthday.
Don't suck, get promoted, get a raise, problem solved.
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 01:19 PM
I'm all in favour of CDL getting the cot entitlement he missed out on by having a place to live as long as the homeless dudes gets the $27,000 median funding per student he missed out on when he didn't attend college.
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 01:31 PM
Quote:
Originally Posted by bware
Don't suck, get promoted, get a raise, problem solved.
You just changed my life, thanks man!
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 04:08 PM
From the dude in the Whitehouse that put together Trump's "budget":

Quote:
“was assembled in part by examining excerpts from the president’s speeches and media interviews.”
Hmm...I guess he missed that 60 Minutes interview.
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03-16-2017 , 04:20 PM



SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 04:26 PM
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 04:44 PM
Meals on Wheels.... doesn't work?

SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 04:45 PM
Just creates a culture of shut-in seniors who should have made better decisions.

Deal with it, snowflake.
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 05:01 PM
shut-in seniors should obv just work harder
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03-16-2017 , 05:09 PM
I've delivered meals to these people, it's heartbreaking. The thought that any human being could cut funding for the program is an indictment of humanity.
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 05:25 PM
Garbage in garbage out
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 05:32 PM
Quote:
Originally Posted by Riverman
I've delivered meals to these people, it's heartbreaking. The thought that any human being could cut funding for the program is an indictment of humanity.
Did you ever think maybe they wouldn't be shut in if they weren't terrified of running into your dog if they left the house?
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 05:37 PM
making most older and poorer peoples lives much much worse to help already rich peoples retirement slightly better.

the entire modern republican platform.
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03-16-2017 , 05:41 PM
Something something free market something values
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 05:43 PM
Quote:
CARLSON: So on March 4, 6:35 in the morning, you're down in Florida, and you tweet, the former administration wiretapped me, surveilled me, at Trump Tower during the last election. How did you find out? You said, I just found out. How did you learn that?


TRUMP: Well, I've been reading about things. I read in, I think it was January 20 a "New York Times" article where they were talking about wiretapping. There was an article, I think they used that exact term. I read other things. I watched your friend Bret Baier the day previous where he was talking about certain very complex sets of things happening, and wiretapping. I said, wait a minute, there's a lot of wiretapping being talked about. I've been seeing a lot of things.


Now, for the most part, I'm not going to discuss it, because we have it before the committee and we will be submitting things before the committee very soon that hasn't been submitted as of yet. But it's potentially a very serious situation.


CARLSON: So, 51,000 people retweeted that. So a lot of people thought that was plausible, they believe you, you're the President -- you're in charge of the agencies. Every intelligence agency reports to you. Why not immediately go to them and gather evidence to support that?


TRUMP: Because I don't want to do anything that's going to violate any strength of an agency. We have enough problems.



And by the way, with the CIA, I just want people to know, the CIA was hacked, and a lot of things taken -- that was during the Obama years. That was not during us. That was during the Obama situation. Mike Pompeo is there now doing a fantastic job.



But, we will be submitting certain things and I will be perhaps speaking about this next week, but it's right now before the committee, and I think I want to leave it. I have a lot of confidence in the committee.


CARLSON: Why not wait to tweet about it until you can prove it? Don't you devalue your words when you can't provide evidence?
TRUMP: Well, because "The New York Times" wrote about it. Not that I respect "The New York Times". I call it the failing "New York Times". But they did write on January 20 using the word wiretap. Other people have come out with --


CARLSON: Right, but you're the President. You have the ability to gather all the evidence you want.


TRUMP: I do. I do. But I think that frankly we have a lot right now. And I think if you watch -- if you watched the Bret Baier and what he was saying and what he was talking about and how he mentioned the word wiretap, you would feel very confident that you could mention the name. He mentioned it. And other people have mentioned it. But if you take a look at some of the things written about wiretapping and eavesdropping --


And don't forget, when I say wiretapping, those words were in quotes. That really covers, because wiretapping is pretty old fashioned stuff. But that really covers surveillance and many other things. And nobody ever talks about the fact that it was in quotes, but that's a very important thing.


But wiretap covers a lot of different things. I think you're going to find some very interesting items coming to the forefront over the next two weeks.
...
SE Hoya Containment Thread (aka Politics) Quote
03-16-2017 , 05:44 PM
It's also perplexing how that party has also aligned itself as the Party Of God
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03-16-2017 , 05:51 PM
Such a ****ing idiot. Pretty good questioning by Tucker, wouldn't expect that
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03-16-2017 , 05:56 PM
Just about every time I hear Trump say anything I wonder how in the world did anyone vote for this guy.
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03-16-2017 , 06:12 PM
So has anyone read the Jan 20 NYT article or did he just make that up too?

Eta - ahh it has nothing to do with wiretapping him as expected
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03-16-2017 , 06:23 PM
Sources: Sean Hannity once pulled a gun on Juan Williams http://cnn.it/2mxImTv https://twitter.com/CNN/status/84250...571328/photo/1

Sounds about right
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03-16-2017 , 06:24 PM
I think the NYT Jan 20 article originally had a sensationally vague title which suggested he or his lackeys were getting wire tapped until you read the article. They edited the article's title a few weeks back.
SE Hoya Containment Thread (aka Politics) Quote

      
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