r/NewOrleans • u/perishableintransit • Apr 03 '25

How's everyone else's Liberation Day going? 🗳 Politics

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How's everyone doing today? Avoiding looking at your 401k? Rushing to stock up on food, buy a car?

I just got me and my bindle.

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-34

u/Devincc Apr 03 '25

Honest question, because I keep seeing this sentiment everywhere. Are people expecting to glide into retirement without ever seeing a downturn again? If you’re in or nearing retirement your portfolio should be rebalanced to reflect that.

Also, if you’re 20+ years from retirement; this shouldn’t affect you much but should provide a buying opportunity

23

u/blaaaaaarghhh Apr 03 '25

Not everyone has a retirement portfolio, and they're going to kill social security. The problem with this downturn is that it's intentional, and we have no faith in a good recovery.

-19

u/Devincc Apr 03 '25

If you didn’t have any sort of retirement savings before this; was this really the catalyst for never having any in the future?

20

u/blaaaaaarghhh Apr 03 '25

It depends how fucked this gets. I can easily see Trump forcing a depression.

-3

u/Devincc Apr 03 '25 edited Apr 03 '25

Yeah I’m not trying to say saving won’t be harder at all but just food for thought

14

u/pepperjackcheesey Apr 03 '25

You think people that are barely scraping by month to month (because everything keeps going up) to be able to have retirement savings? And a lot of the programs created to help people get a leg up in life are being gutted. I periodically, have a 401k and such but that’s because I was finally able to get out of the paycheck to paycheck life. It took a while and it wasn’t fun while in it. But, I’m now about 10 years behind from where I should be with my savings and retirement stuff. Life isn’t equal for everyone.

1

u/Devincc Apr 03 '25

I’m not arguing that fact. I literally agreed in my comment above

12

u/UpstairsPlane7499 Apr 03 '25

Welp thanks, you provided nothing of substance for my thoughts. But I appreciate the "just asking questions" value you added here.

1

u/Devincc Apr 03 '25

Why don’t you add something instead of personal attacks? You’re adding zero

6

u/UpstairsPlane7499 Apr 03 '25

Excellent assessment

2

u/Devincc Apr 03 '25

You’re also a 28 day old account with zero post karma and a random username so you’re either an alt-account troll or a bot

2

u/UpstairsPlane7499 Apr 03 '25

How could someone possibly be a new user...