It’s becoming increasingly hard for myself and my family to survive in this economy. Myself and my family are teetering in the edge. I hope there’s some relief soon. I lost my job back in 2021 and went I to business for myself. 5 years ago under Trump’s economy I think I could survive and grow without a problem. Now… a trip to the grocery store costs $500 and running up cards left and right because our two incomes combined still isn’t enough. That doesn’t even touch on all the other things like our healthcare going up etc. 3 kids… I am praying people will make their moves soon to take this thing back and get it under control. I don’t know how much time I have left. I wish there was a relief opportunity for those of us who know and trust the plan to get by until it’s fixed. LoL
It’s becoming next to impossible for myself and my family to survive.
🧘Mental/Physical Health 🏋🏼♂️
We are struggling here also. 3 teen boys, no car payment, groceries and gas are killing the credit card.
I cut waaaay back on my weekly contribution to my retirement just so we can tread water. Not sure if the 401k will survive the crash or even if it will be enough for the wife and I down the road.
Bust of luck Fren!
You're not actively prematurely pulling from your 401k yet? Now you're just showing off.
If you need it, it is wayy better to get a loan from your 401k than it is to withdraw. Then you are paying yourself back and avoiding penalties. The interest on a 401k loan is much cheaper than any credit card out there.
It's amazing to me how many people don't live within their means and go into debt for stupid shit. One year we went trick or treating in a neighborhood where house prices were ridiculously high and all these people who had just bought their houses had no furniture and were sitting indoors on lawn chairs (more than one house). I wanted to give back the snickers bar they gave us.
Hahaha!
The penalties are brutal and I fear it will evaporate even faster if there is a stack of retirement cash on our bank statements.