The orange baffoon has delivered as promised and soon we will be in the great dpression 2.0. Just close your eyes and pretend it’s all ok. Maybe your 401k recovers in 20 years after we banish him and his kind to 3rd world prisons and forever ban any of these actions from happening again.
Word of advice. This is an excellent time to increase your 401(k) contributions.
In 2025, the maximum 401(k) contribution limit is $23,500 for those under 50, with an additional $7,500 catch-up contribution allowed for those aged 50-59 or 64+, and a new $11,250 catch-up limit for those aged 60-63
It’s a good idea to always maximize anyway. But if your income doesn’t support this, now is the time to eat peanut butter sandwiches and tighten your belt to do so. Gonna be able to pick up a lot of cheap index funds that will serve you well in the future when the stocks go back up.
My dad is about to be 57, project manager of a commercial electrical company, 38 years of experience, huge trump supporter, I think he’s panicking but trying not to make it obvious, it’s fucking hilarious.
I’m not even looking at my 401k right now. I have about 15 years left before I can retire, so I’m not gonna worry about it right now. I’m a patent prosecution paralegal and my husband is a commercial airline pilot. We’re fine as long as we keep getting paid.
I’d be worried as fuck if we just had 2 or 3 years before retirement.
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pretty sure the entire market is taking a beating, so anyone anywhere regardless of industry is getting their ass kicked on their 401k.
i’m in tech.
You’re only taking a beating if you plan on retiring soon or if you withdraw your money. Just don’t look at the balance and you’re golden.
Edit: I’m in FinTech.
The orange baffoon has delivered as promised and soon we will be in the great dpression 2.0. Just close your eyes and pretend it’s all ok. Maybe your 401k recovers in 20 years after we banish him and his kind to 3rd world prisons and forever ban any of these actions from happening again.
Word of advice. This is an excellent time to increase your 401(k) contributions.
In 2025, the maximum 401(k) contribution limit is $23,500 for those under 50, with an additional $7,500 catch-up contribution allowed for those aged 50-59 or 64+, and a new $11,250 catch-up limit for those aged 60-63
It’s a good idea to always maximize anyway. But if your income doesn’t support this, now is the time to eat peanut butter sandwiches and tighten your belt to do so. Gonna be able to pick up a lot of cheap index funds that will serve you well in the future when the stocks go back up.
I did as much in 2008-2009.
Mine is taking a beating and I’d rather not say what industry I’m in. It was a terrible life choice.
My dad is about to be 57, project manager of a commercial electrical company, 38 years of experience, huge trump supporter, I think he’s panicking but trying not to make it obvious, it’s fucking hilarious.
My 401k was kicking ass under Biden. I’m down about $18k since January 20th.
I’m not even looking at my 401k right now. I have about 15 years left before I can retire, so I’m not gonna worry about it right now. I’m a patent prosecution paralegal and my husband is a commercial airline pilot. We’re fine as long as we keep getting paid.
I’d be worried as fuck if we just had 2 or 3 years before retirement.
Uhhh yeah…signed everyone