Bernie was such a good surprise candidate, but that only happened because Warren didnt run. I wish she did. I think that was her time and would have avoided some of the criticisms (whether fair or unfairly thrown) at Bernie.

I bought my Seiko snk803 on Amazon for like 66 bucks 10 years ago. Why is this watch now showing up as a 200 dollar watch? Why did the prices go up so much?

But the point is we can’t trust personal responsibility. If a significant volume of the population is basically guaranteed to not invest and save voluntarily for retirement that is always going to be a social problem. Also, there’s the problem of employers voluntarily providing retirement programs. Sure, I think there’s a question of what or how that savings is invested for retirement (pension, 401k, etc), but it seems there needs to be more mandate to require employer’s of a certain size to support retirement plans. And possibly even more mandate to require contributions to retirement plans. The article describes this in Australia: “Australia’s Superannuation Guarantee requires companies to contribute the equivalent of 11 percent of an employee’s monthly pay to an investment account that is controlled by the worker, who can also put in additional money. The “Super,” as it is known, includes full-time and part-time workers and has proved to be enormously successful. With its relatively small population — just 27 million — Australia now has the world’s fourth-highest per capita contributions to a pension system, and almost 80 percent of its work force is covered.”

I think the “Pensions you don’t contribute to and the amount you get is fixed.” is a bit murky. If you have a pension that probably means you have a lower salary compared to an equivalent non pension job, because part of your labor value goes into funding the pension. But the main thing is 401(k) puts a lot of responsibility on the individual. And as this article points out, if you put a lot put retirement financial planning on the individual, that creates a larger social problem since many people can’t sufficiently do that themselves, even if they are being responsible with what they earn.

But isn’t the point of this article highlighting personal responsibility can’t solve the larger social issue we are facing.

Yeah, it’s a bit of a stretch. I know folks forget to do this when setting up IRAs, but kind of hard to do with 401k. Who knows.

How do you think pension plans make money? They are managed by fiduciaries responsible for investing. Guess where they invest. 20% of the stock market is owned by pension funds :https://retiregenz.com/what-percentage-of-the-stock-market-is-owned-by-pension-funds/

So my employer did this thing where new hires automatically got enrolled in a 401k. If you did absolutely nothing to your 401k, each year it would automatically up your percentage to a max of Y. Is that common or uncommon? And in this world of 401k over pension, should that be more of a norm to help protect people that don’t know better build retirement savings. It doesn’t solve the problem of folks not having enough money and needing to use 401k for emergency funds…

Is it possible that commenter is putting money into retirement accounts but not putting that money into any funds, etfs, or bonds? But even then, I would hope it’s in a money market type core position where they are getting some return. But I rolled over all my stuff into a target fund at my new employer 9 years ago. I’m up 21% on my cost basis.

Pensions worked the same way. The difference is personal responsibility and inequity of employment and wage. But who’s 401k deprecates in value over the long term anyways? If you select a target fund that should be fine.

Niagara is what I moved to from Nova. Less widget focused layout, but any app is literally 2 presses and one swipe away from the home screen.

What’s tricky about RSUs? Doesn’t my brokerage account, fidelity in this case, just provide the forms I need to enter? I also thought if I sold the RSU’s the second they hit my account there was not really a tax implication since taxes were paid from the gross RSU value so my net RSUs were a lot less than than actual gross grant number of RSU.

Thanks. I didn’t even consider tax implications.

I do as someone that uses both the Lemmy web interface (as well as photon interface) and Sync App. I actually get confused because there are instances where score is only color coded without an up/down indicator. So color coding consistency is nice across app and web.

It’s December. Give him a little bit of slack for the holiday month. A lot of people try to take a week or two off. He pushed an update right after Thanksgiving.

Personally, I recommend avoiding pushing releases during holidays if you know post launch support releases might be low, but it would probably lead to criticism of him not updating enough.

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Totally am. Not maxing out my 401k, but employer does 100 match of 6 percent which gets me close to the same sum compared to folks that max out with less generous matching. I am also doing the planning on how to back door roth ira next year and just converted my old tIRAs.

My purchasing timeline in reality is probably at least 2 years out. So right now the thought is establish the saving plan. Over the next 2 years actually so the research on home ownership logistics.

I appreciate the advice. Thanks!

That’s the thing, our rent stabilized place is has location and size, but the amenities and maintenance of the building are lacking. We have actually been curious about doing some renovation ourselves because it’d be cheaper to spend 10 to 20k on renovation and keep the rent stabilized rates than get a similar apartment at market value and pay that rate for 2 years. So that is why we kind of look at the saving strategy as a test of lifestyle. The thing about the market though is all conventional wisdom says don’t put that down payment in the market if you want to buy in the next 5 years.

Possibility of kids. But looking in Brooklyn in particular. Our place is big enough for 2 kids now, so trying to buy something similar if needed. There is a doom and gloom outlook we have that rent stabilization or the building won’t be around forever and want to make sure we can buy something if needed similar to what we have as renters.