News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Millennial here - gen Z has retirement savings???
lol right? Must be nice to afford to put more than your employer’s match into your 401k
As far as I understand, I don't have a 401k. I have nothing. I have never considered retirement to be a reasonable outcome for anyone in my generation or younger, but even still, it's not like I would have been able to save more than a scant couple thousand after decades of work.
You think no adults entering the workforce in the last ~20 years if going to be able to retire? What little bubble are you living in?
The bubble where the entire concept of retirement will be lost. Where society will crumble into wearing tribes fighting over arable land and fresh water. That one. That bubble. The bubble where this will begin in earnest in our lifetime. The bubble that says this fascist wave around the world is just the precursor and that as people get more desperate, things will only get worse.
The little bubble where you don't get a small loan of $1 million on your 18th birthday
Definitely didn't get one of those. Still on track to retire. Your experience isn't as universal as you seem to think it is
Also you have to watch out for those expense ratios. I once worked at an employer where the only funds available in the 401k plan had expenses and fees around 2%. Managed mutual funds statistically perform no better than just cheap index funds. So paying those fees doesn't actually earn you a higher rate of return. But plans with usurious fees are cheaper for employers to provide.
What was so egregious about it is that when I ran the numbers, I found that my employer's 401k plan was actually worse than investing in cheap index funds in a regular taxable brokerage account. The 401k could be contributed to with pre-tax money, but all the tax benefits were cancelled out by being trapped in high expense 401k plans.
I contributed enough to get the match and invested any money above that elsewhere.
Have you looked into the high yield accounts from Marcus (Goldman Sachs). if you have any money Sitting around in a checking account or even Another savings account but you don’t need immediately you should consider this. The APY is 3.65%, which is a lot better than anything a regular bank will do. And you can transfer money between them with their app. of course they also offer no penalty CDs and standard CDs