We cimplain about fake daycares skimming billions, but not a peep about the guys who will penalize you with inflation unless you agree that they have full control of your savings between now and retirement.
They control the power of your past savings and if they can sell you a house they control all your future earnings as well.
It is almost funny. They give you a number to look at in your 401k account but they decide how that money will be used for 99% of it's "existence" it is a polite fiction that it is ours.
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You're starting to sound more and more like a bitcoiner. Take that sh** outta the 401k and into self custodied hard assets (bitcoin is a good one), or at the very least manage it actively. I have little belief that money trapped in that system will be there meaningfully for anyone in the future. Have "known" that in me bones for a looong time. Part of the ah ha thing that got me interested in BTC.
Related to the "turning around and running the other way" comment from yesterday, self custody BTC seems to me to be a very powerful and simple step in that direction.
Well, it helps that never put a cent into a 401k. It smelled like a scam. If everything proceeds as normal will I come out behind my peers financially? Probably. But more freedom in the meantime.