Putting $2,400 into retirement savings a year isn’t much, especially considering traditional pensions are basically non-existent. I don’t think such a draconian change will be made, but who knows. Our crooked politicians are probably thinking of doing this, as many retirement savers don’t think things out. If people are averaging $10,000 a year in contributions now, and all of a sudden can only contribute $2,400, their paychecks will go up $7,600 a year (minus taxes). Many people will think they’re flush with new money, and start blowing it on junk they don’t need, instead of saving it for retirement elsewhere.
Burgerwars
@Burgerwars
I’ll gladly pay you Tuesday for a hamburger today
Posts made by Burgerwars
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RE: 401K Contributions Limit Increases for 2018...But...
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RE: Bitcoin $5,000
Yes. A fraction less than 12 btc and 25 ethereum. Buying $20 a week now doesn’t get me much. Something like .0034 btc. I’m still owed some bitcoin cash by Coinbase that they’re going to distribute at the end of the year. It’s at about $300. Hopefully it’s still worth something then.
Earlier this year I bought 25 ethereum at about $10 each. That’s what I should have loaded up on.
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RE: Best Prepaid Card?
Chimp Change offers one. It’s a MasterCard. It’s free as long as you make at least one purchase of any amount every 60 days. The card has a picture of a monkey on front.
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Bitcoin $5,000
It crossed that barrier today. I do own some. I’ve been buying about $20 - $25 per week for many years. I’m doing OK.
Any opinions? On the old FW, most were negative.