I blow hot air.

  • 7 Posts
  • 61 Comments
Joined 1 year ago
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Cake day: July 6th, 2023

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  • I agree, 401ks are stupid and were invented as more of a tax loophole for the wealthy than as an every-man’s retirement fund. But they’re cheaper for business so that’s what we’re stuck with.

    That’s not what I was talking about at all, though. I was just pointing out that if you have enough money to save for retirement, there are ways to relatively easily invest and grow your money while still mitigating risk and staying mostly hands-off.

    Fun fact about pensions. At their height, only about 45% of private-sector workers actually had a pension. Having one was undoubtedly better, on average, than having a 401k today. But they weren’t the utopian retirement solution that we (including myself) like to pretend they were. A majority of the population didn’t benefit from them at all, and the less-fortunate were essentially in the same or worse spot as they’re in today.


  • There are targeted retirement funds that target a retirement year and slowly transition from stocks into bonds/less risky positions as that date approaches. Those are generally a better idea for retirement savings than broader market funds for the reason you described.

    And it’s not like retirement immediately liquidates your 401k. There’s just some minimum that you need to take out per year which isn’t very high. Roth IRA’s don’t have a minimum distrust requirement until after the death of the owner.











  • R6S has been a pay-to-win mess after the first few “seasons”. What’s the difference between a subscription service and regular releases of “optional” $30 dlc that gives you new characters, and thus an edge over the competition?

    R6S players will cope by saying characters are balanced and, if you’re good, you can win with just the basic free characters. The fact is, more characters lets you adapt to, and more effectively counter, more maps, play styles, opposing characters, metas, etc…

    Yes, you can unlock the characters for free, but there are dozens of them and each one takes a ridiculous number of hours to unlock, during which you’re playing at a disadvantage. It’s pretty much impossible for anyone other than dedicated school-aged kids to unlock all of the characters for free.

    All of this, and the game still costs money to buy!!! Complete scam.