They're keeping a lot of us tied down by controlling retirement savings. I know the market is shit right now, but it would send a big message if a bunch of Americans pulled money out of 401K-type retirement plans. My wife and I cashed in my 401K a couple months ago and paid off our home loan 8 years early. Obviously there will be a penalty for the early withdrawal but we're also going to save tens of thousands on interest payments on our home loan so I'm hoping we're close to breaking even on the transaction. We've begun to invest our monthly mortgage payment into ethical investments that we choose, which feels great.
It's possible they're tanking markets on purpose to keep people from cashing out of the system. They're hoping they can pull their Great Reset shenanigans and nobody will touch their money because we've been conditioned to ride out the lows. These 401K plans give big wads of our cash to the people who don't give a damn about us. Think about taking some of that control away from them.
You guys are making it to retirement?
That's another great point. Who's says any of us are going to make it to retirement, or they'll let us keep anything we've saved that long?
I hear ya. I went down with pneumonia and then a collapsed lung last year. A couple months down to recoup but then back into the merciless manufacturing work with no expectation of anyone taking it easy on me. There's no way out. Work til you die. And now the disheartening news that we are pretty much guaranteed 2 more years of Biden and "We caught them all" doesnt seem to mean anything.