Comments by "spacetoast7" (@spacetoast7783) on "Yahoo Finance" channel.

  1. You'd be surprised how bad the average American is with managing money. $1k will actually derail lots of people.
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  2. It literally required legislation to pass two houses of Congress and the President. It's not easy.
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  3.  @LeahSmith-c4h  You're right, it's literally infinitely higher than inflation.
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  4. How much does $0 buy?
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  5. US taxes are at historic lows, but go ahead and try your luck, Comrade.
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  6. People in these comments want to be able to infinitely defer their taxes basically. They're all crying about conditions on their tax-free money. They want all the benefits without any responsibility at all.
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  7. Yep, but everyone in this comment section is acting like their 401k is their sole source of money.
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  8. Blown tire, urgent doctor visit. How much can you buy with $0?
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  9. Except he's spreading baseless conspiracy theories.
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  10. Except he's spreading baseless conspiracy theories. What rules do you think have been changed in the past two weeks?
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  11.  @Kintaro0e  Except nobody has been able to substantiate that at all.
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  12.  @robertlogan9888  Theres no legal limit on short interest. Also, this doesn't relate to naked shorts at all. Please focus on substantiating that theory.
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  13.  @Kintaro0e  Wait. What do you think a naked short is? I'm super curious.
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  14. ​ @scottleggejr A 401k isn't an investment. It's a tax designation. You're so opinionated on something you don't know anything about.
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  15. How much does $0 do? You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  16. Was the SECURE ACT 2.0 not an act of Congress??
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  17. Why would they?
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  18. ​ @AGuyJustDriving Oh, I'll make sure to tell companies to pay people more. I'm sure they're up for it! Good advice, Comrade!
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  19. You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  20. Why would anyone ever pay taxes if it was unlimited?
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  21. When you're given more privileges, you have more responsibility. It's a tax-deductible retirement account.
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  22. How much does $0 do? You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  23. Because it's money you did not pay taxes on (or will not pay taxes on, if it's Roth). You're getting that tax advantage with responsibility attached.
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  24. Why is that immoral?
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  25. ​ @scottleggejr  Good thinking! Do you have any other brilliant ideas for your commune?
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  26. Do you have 10 kids? What the hell are you doing?
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  27. You thought correctly
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  28. You are very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  29. If you paid your taxes in the first place, there'd be no need to borrow it from your tax-free account. You're trying to have it both ways. You want all the benefits and zero responsibility.
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  30. Gotcha. Do you have any other brilliant ideas for your commune?
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  31. Yes but that's really a different situation. You're explaining early retirement options, not emergency cash.
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  32. Why did the US experience almost no inflation in the 2010s despite ever-growing deficits?
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  33. You're very out of touch. $1000 can easily cover a blown tire, an urgent PCP visit, or a spike in utility costs.
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  34. How much does $0 do? You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  35. They're still around to pay for your social security and Medicare. They're still around to pay our soldiers. They're still around to pay for the highways you drive on. They're still around so you can get a weather forecast.
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  36. Thanks for weighing in, Comrade!
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  37. Wow, a commenter who actually knows what a 401k is!
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  38. How much does $0 do? You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  39. How much can you buy with $0? Take it up with the 2022 Congress.
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  40. Why? It's a tax loophole.
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  41. How much does $0 do? You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  42. The second one. There's no withdrawal limit in retirement.
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  43. It's more than $0 which is what it was before
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  44. Average person probably does not know that tbh
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  45. Good luck with that plan, Comrade!
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  46. How much does $0 do? You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  47.  @clintgoulet7572  You decided not to take your money when you put it in your retirement account instead of your checking account. You should probably cancel your plans to immigrate to America if you hate it so much.
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  48.  @tomkeyser8384  Did you mean to reply to someone else?
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  49.  @tomkeyser8384  You just completely contradicted your previous comment.
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  50. This only applies to the US, not your country.
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  51. It's not the IRS, it's Congress.
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  52. How much does $0 do? You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  53.  @mellott124  Don't put it in your retirement account then. 😂 You're trying to be mad both ways.
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  54. How much does $0 do? You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  55.  @scottleggejr  Who are you talking to?
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  56.  @motel1029  Wow, almost like your retirement account shouldn't be used as your short term savings account.
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  57. They'll only make money if they can catch the knife as it falls.
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  58. How much does $0 do? You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  59. ​ @rillyjo5810 Who thought that? Congress also approved PPP and huge grants to charities and state and local government.
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  60.  @mychromebook9935  9%+ annual grocery inflation for three decades is a bold prediction
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  61.  @meijboomm  What stuff?
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  62.  @meijboomm  No, I didn't get bamboozled by the WSB ponzi scheme.
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  63. I'm really hoping someone can explain to me why this is bad instead of just being super angry for no apparent reason.
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  64.  @meijboomm  Why does that make you angry though?
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  65. You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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  66. It's not taxes. A 401K is tax-exempt. You have that exception in exchange for saving for retirement.
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  67. What would you do with money if you don't spend it on goods and services?
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  68.  @bsgvlog5640  They're not even shopping at Whole Foods. They're shopping at Chipotle.
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  69. Administration? It's a law passed by both houses of Congress.
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  70.  @carlosalenduran4630  Gotcha, anything else?
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  71. The IRS and the Federal Reserve are two completely unrelated entities.
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  72. It should be $400,000 if we're being honest
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  73.  @AGuyJustDriving  Bold accusation from a guy who doesn't know that 401k contributions entitle you to an income tax deduction. 😂 Why are you even here? 😂
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  74. If you have enough invested to lose $3k a year in a taxable brokerage account, you're already doing better than 80% of society.
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  75. Probably because they don't want to give a tax benefit to rich people.
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  76. How much does $0 do? You're very out of touch. $1k can easily cover a blown tire, an urgent PCP visit, or utilities.
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