chat

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Being a commie with a 401k is a real conundrum (hexbear.net)

submitted 3 days ago by LeninWalksTheEarth@hexbear.net to c/chat@hexbear.net

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i saw mine has increased 100% in the past 2 years and it grossed me out because i know this shit has consequences. but what else do i do? my work matches a small percentage, so turning down free money feels absurd, and maybe not being obtusely poor when i retire(lololol) would be nice.

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[–] mickey@hexbear.net 2 points 2 days ago* (last edited 2 days ago)

Thank you for taking the time to explain this, seeing it as cities borrowing at a favorable rate puts it into perspective for me. I had not thought of it from the angle of coaxing the burghers to put their hoarded lucre to productive use. Your sharing your knowledge will genuinely make me less of a curmudgeon next time a bond measure comes up.

That's a good anecdote, jeez I love being a state government and big brain financial engineering myself into paying credit card APR.