Here's What You Need To Know About MyRA, Obama's New Retirement Program

[Craizie]

I know a guy who MAKES 350k per year and IS broke

And I can only shake my head at his priorities

Hookers and cocaine aren't cheap. Don't judge.

[racrguy]

I know a guy who MAKES 350k per year and IS broke

And I can only shake my head at his priorities

If I made that kind of scratch if be Scrooge McDuck in this bitch, swimming in my money.

[jayjohnson600]

...then they will just pass legislation saying that a percentage of new IRA or 401K contributions have to go into treasury debt.
...

Yes, the masses simply don't factor in the tail risk of what a gov't in dire straights can do, will do, and have done.

All it takes is for a passing of 1 law, that can change every financial assumption that your assets have a hook into.
You basically wake up one morning and your future plans are truncated because of a law that passed the night before in an emergency session.

[Roscoe]

Yes, the masses simply don't factor in the tail risk of what a gov't in dire straights can do, will do, and have done.

All it takes is for a passing of 1 law, that can change every financial assumption that your assets have a hook into.
You basically wake up one morning and your future plans are truncated because of a law that passed the night before in an emergency session.

Buy gold!