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Started By
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3
Posted on 4/3/22 at 4:10 pm to Tiger Chemist
quote:
While much of this change is empowering, some young investors may require some future retirement guidance, as 1 out of 5 who quit opted to cash out of their 401(k), a move that could potentially have a longer-term negative impact, the Fidelity study notes.
“The fact that so many people who left their jobs as a result of the Great Resignation also cashed out of their 401(k)s may be cause for concern,” Rita Assaf, vice president of Retirement at Fidelity Investments, said in the study. “Taking money out of your retirement accounts completely should be avoided unless the immediate need is critical and there are no other options, not only because of the tax implications, but also due to the impact on your retirement nest egg. If possible, one of the most important things you can do to prepare yourself for retirement is to start saving as early as possible, since you have time and the power of compound interest potentially on your side.”
Americans are dumb with money
Posted on 4/3/22 at 4:13 pm to TigerintheNO
This is so f*cking stupid.
Posted on 4/3/22 at 4:14 pm to PassingThrough
quote:
think a lot of theses jobs used to be done by teenagers as it was expected even in more well off families and I think the high schoolers from middle class and upper families are no longer working as much, instead doing other extracurriculars to get to college.
I actually think you’re on to something here. My son is 16 this summer, but will be so busy doing extra curricular stuff he may not be able to work (gotta expand that college resume , since he’s in a socioeconomic class where grades alone won’t do it anymore….)
Posted on 4/3/22 at 4:15 pm to Btrtigerfan
quote:
I would live on a prayer, but I'm only half-way there.
Bruh.. Just take my hand.. We will make it.. I swear.
Posted on 4/3/22 at 4:15 pm to fallguy_1978
quote:
There is still an unusual number of open positions in my field
We're trying to hire a six figga jigga business analyst in my department. having to expand nationally and reloc a mfer to find right mix of skills.
This post was edited on 4/3/22 at 4:16 pm
Posted on 4/3/22 at 4:16 pm to doya2
Putin did this 
Posted on 4/3/22 at 4:16 pm to cssamerican
quote:
The only guess I got was baby boomers retired all at once due to the virus, and this mass exodus out of the workforce caused shortages.
I think this is a big part of it.
Posted on 4/3/22 at 4:16 pm to doya2
Hopefully Mars, if we follow Elon
Posted on 4/3/22 at 4:16 pm to Btrtigerfan
quote:
would live on a prayer, but I'm only half-way there.
Tommy, is that you?
This post was edited on 4/3/22 at 4:17 pm
Posted on 4/3/22 at 4:17 pm to cssamerican
quote:
The only guess I got was baby boomers retired all at once due to the virus, and this mass exodus out of the workforce caused shortages.
At McDonald’s?
Posted on 4/3/22 at 4:18 pm to TigerintheNO
What did that 20% do with their money?
That article is short on those details.
That article is short on those details.
Posted on 4/3/22 at 4:21 pm to SuperSaint
Ton of boomers retired during covid and aren’t going back to work
Supply of workers isn’t there with smaller generations and lower birth rates
Supply of workers isn’t there with smaller generations and lower birth rates
Posted on 4/3/22 at 4:23 pm to doya2
Food and water
This post was edited on 4/3/22 at 4:24 pm
Posted on 4/3/22 at 4:25 pm to doya2
My wife and I talk about this often, wondering the same thing. I personally know one organization unable to staff enough mental health therapists. There also seems to be a shortage of health care personnel such as nurses and techs. School districts across the country are temporarily closing or not running bus routes to pick up students because of staffing issues.
Posted on 4/3/22 at 4:28 pm to GreenRockTiger
quote:
The dentist I called last week doesn’t have an assistant or receptionist - his dad or brother is answering the phones
Are they doing it for free? If so, I am sure he is in no hurry to hire someone..
Posted on 4/3/22 at 4:29 pm to GreenRockTiger
quote:
At McDonald’s?
No, but does a 20 year old work at McDonald’s when a bunch of companies will hire him for a career type job? That 20 year old didn’t have those opportunities 5 years ago.
Posted on 4/3/22 at 4:29 pm to OweO
quote:
Are they doing it for free? If so, I am sure he is in no hurry to hire someone..
I didn’t get the whole story - was just trying to make an appointment for one of the kids
I hope the dentist hires someone soon bc I was supposed to get a call back to make the appointment and never did
Posted on 4/3/22 at 4:30 pm to fallguy_1978
Lot of folks clean up
At income tax season
Getting back 7-8,000 and more
At income tax season
Getting back 7-8,000 and more
Posted on 4/3/22 at 4:31 pm to Klark Kent
quote:
Putin did this
Are you saying its a problem that can only be blamed on one person?
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