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I treat 401K contributions as "mandatory" since they're taken out automatically and I have to contribute to get the company match. It works for me to think of them in that vein. Net income is what I then have to work with, and where I accomplish discretionary savings.
Maxing 401k is manditory for me as well but I still count it as savings because that's exactly what it is. Whatever works for you but I still find it strange not to call it what it is
For me, psychologically, I need to put 401K in a whole different bucket. And again, at the end of the day, who cares what I call it or how I consider it, as long as I have it during retirement years and I save additional monies to other accounts for shorter term needs.
For me, psychologically, I need to put 401K in a whole different bucket. And again, at the end of the day, who cares what I call it or how I consider it, as long as I have it during retirement years and I save additional monies to other accounts for shorter term needs.
Because you are a hypocrite. You are one of the people that BASH me for "calling the stock gains" something "else", other than the "corporate profits" that they are supposedly. You BASH me for calling the gains Central Banker influenced and created, rather than corporation created.
Savings = The amount of money you have LEFT after you spend on required (needs) and recreational (wants) expenses.
Period. Just because you chose to have a portion of your savings in a 401k rather than putting them all in a bank account, or through an index fund directly, etc., doesn't mean they aren't SAVINGS.
Because you are a hypocrite. You are one of the people that BASH me for "calling the stock gains" something "else", other than the "corporate profits" that they are supposedly. You BASH me for calling the gains Central Banker influenced and created, rather than corporation created.
Savings = The amount of money you have LEFT after you spend on required (needs) and recreational (wants) expenses.
Period. Just because you chose to have a portion of your savings in a 401k rather than putting them all in a bank account, or through an index fund directly, etc., doesn't mean they aren't SAVINGS.
Simply put, you don't have the ability to distinguish between one poster and another. It's kind of hilarious but also sad. I've never had a conversation with you or anyone in which I've ever discussed any of the things that you claim. In fact I've never posted about corporate profits, central bank(s) or any of that. I've gone on record that I don't understand how all of these various entities work and operate, so why would I be discussing them in the first place? I wouldn't and don't. Please take your paranoid diatribes and ad hominem attacks elsewhere.
I see the existing conditions persisting for decades barring an unforeseen change. Stagnant growth with a chance of sever crash.
I believe growth will continue to stagnate till the end of this decade.
A crash?? I'm not so sure.
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