2016 Postmortem
Related: About this forumSo Sanders is "against" Wall Street
Yet, he has retirement accounts thorough the Thrift Saving Plan
The financial disclosure forms does not require Sanders to disclose the amount of savings or the kinds of investments he holds in his government retirement savings account, known as the Thrift Savings Plan the well-regarded retirement plan, similar in many ways, to a private-sector 401(k)
Sanders campaign did not reply to repeated emails from MONEY about his finances and his retirement account.
http://time.com/money/4235986/bernie-sanders-millionaire-finances/
And where does this plan invest? Why in stock and bonds, of course.
https://en.wikipedia.org/wiki/Thrift_Savings_Plan
But, hey, other "millionaires" are the bad guys. Not Sanders.
think
(11,641 posts)Wall St speculation to help pay for college education if he was against investing?
Think about that for a minute and really let it sink in...
CompanyFirstSergeant
(1,558 posts)...you are being sarcastic.
If you are not, I hate to inform you that...
Any middle to upper middle class family with a nice house that is paid off, who has saved a responsible portion of their income, who has a respectable pension plan and no debt, should, by their 50s, have at least a half million in assets.
Nowadays, it's not that big a number.
question everything
(47,483 posts)Many middle class families went through several job losses, including losing their houses. And whatever savings they had was used up during the "great recession."
CompanyFirstSergeant
(1,558 posts)As I have said in recent posts, I am currently working with inner city students to enable them to acquire job skills.
I don't know if I could handle the emotional strain of working with economically displaced adults.
It's just that barring a personal economic crisis, the numbers we are talking are not really that big anymore.
Most pension plans invest in stocks. I have money in the bank. I am I 'in with' the bankers?
One way I weathered the storm was to switch to a fixed return retirement plan back in 2007 when everyone was still living high.
I knew my teacher assigned 'Grapes of Wrath' for a reason.
Warren Stupidity
(48,181 posts)You need to check in with your camp counselor more frequently. Today's bullshit is "how dare he call her unqualified".
Please get with the program.
GeorgiaPeanuts
(2,353 posts)I swear the attacks on Bernie get more outlandish by the day.