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Yellow | “the Grow Act”

mysticobra said:
Ya.... 2008 took a bite out of everyone's 401. Never fully recovered.
Should have had twice if not more than what I had personally in it.
And one side note.
If you take a 401 or use it to save. Pay the taxes before you put your money In.
Fair warning.
Click to expand...
I don't use a Roth. not yet...
Dang, my 401k funds got back within 2 years after 2008 crash.... Since Trump was elected my funds are up 40%.
You may not like the guy but he knows how to get business moving...
When Trump was sworn in the market was around 18,000 it went as high as 29,000 plus. Today it is just under 26,490.
I'll advise people to never trust a pension fund, you are far better off with a 401k with any employer contributions going into that fund for you and you only... Plus whatever you can put away....
Some poor drivers will work for scores of years and not get anywhere near what they were promised...
 
Puff Driver said:
I don't use a Roth. not yet...
Dang, my 401k funds got back within 2 years after 2008 crash.... Since Trump was elected my funds are up 40%.
You may not like the guy but he knows how to get business moving...
When Trump was sworn in the market was around 18,000 it went as high as 29,000 plus. Today it is just under 26,490.
I'll advise people to never trust a pension fund, you are far better off with a 401k with any employer contributions going into that fund for you and you only... Plus whatever you can put away....
Some poor drivers will work for scores of years and not get anywhere near what they were promised...
Click to expand...
I was well past the 200 mark and it never recovered staying below. 150.
My wife's was the same way.
Medium risk investing.
Doesn't matter now. I took it out.
I can live off what pension and other incomes.
And as I've said we've figured in losing the pension at some point and we will be ok. Unfortunately alot will not be.
If you are young. Save... Save.... Save.
I wish I would have started earlier. But just surviving and paying bills takes priority. Not every job affords the luxery of saving some of the money earned.
I didn't make good money until I got into LTL. Can't save much when you earn
$6.50 an hour. My pay jumped to 14 an hour then I could save. Yeah. I've made less than that and I'm sure some of the older guys remember when minimum wage was $2.35 an hour. Been there.. Made that.
No big new honkin trucks or cars at that wage. Lol.
But things happen in life you don't expect.
Hospitalization. Surgery. Injuries.
Stuff happens that will drain funds quickly. Savings or otherwise.
We ended up on our feet. Not because of who is in office. Or any politician.
We did it.
 
mysticobra said:
I was well past the 200 mark and it never recovered staying below. 150.
My wife's was the same way.
Medium risk investing.
Doesn't matter now. I took it out.
I can live off what pension and other incomes.
And as I've said we've figured in losing the pension at some point and we will be ok. Unfortunately alot will not be.
If you are young. Save... Save.... Save.
I wish I would have started earlier. But just surviving and paying bills takes priority. Not every job affords the luxery of saving some of the money earned.
I didn't make good money until I got into LTL. Can't save much when you earn
$6.50 an hour. My pay jumped to 14 an hour then I could save. Yeah. I've made less than that and I'm sure some of the older guys remember when minimum wage was $2.35 an hour. Been there.. Made that.
No big new honkin trucks or cars at that wage. Lol.
But things happen in life you don't expect.
Hospitalization. Surgery. Injuries.
Stuff happens that will drain funds quickly. Savings or otherwise.
We ended up on our feet. Not because of who is in office. Or any politician.
We did it.
Click to expand...

I never worked for minimum wage, but I think it was $1.00 in 1955.
Ryder paid higher than union scale until we joined in 57.
 
seabreeze said:
I'm good at that!
Click to expand...
seabreeze said:
I never worked for minimum wage, but I think it was $1.00 in 1955.
Ryder paid higher than union scale until we joined in 57.
Click to expand...
I wasn't a thought in 55. Another year.
Late 70s it was 2 35 or around there.
The wife and I did not make $5 bucks an hour combined.
Granted. Things were much cheaper back then. But still lived check to check.
Didn't lack for essentials. Had a roof over our heads and a used car.
 
mysticobra said:
I wasn't a thought in 55. Another year.
Late 70s it was 2 35 or around there.
The wife and I did not make $5 bucks an hour combined.
Granted. Things were much cheaper back then. But still lived check to check.
Didn't lack for essentials. Had a roof over our heads and a used car.
Click to expand...
Did the car have used lights, and mirrors?
 
Keepingon said:
I didn’t move or adjust anything on plan when this pandemic struck, my wife looked at it and saw we took a hit and asked what we should do ?
I said we have no choice but to ride it out and hope it comes back, don’t look at it again.

we had a good jump in the market 3 weeks ago and of course she had to look at it.
Surprise surprise we got back everything we lost and more.
Click to expand...
Patience always pays off...
 
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