That's insane.
Like, no 401k or Roth IRA? Dang. I'm fuckin hard.
Their only investment assets appear to be via state pensions, including teacher pensions.
He also retired from the Army, and likely has a pension from that too.
If I could retire without needing to know the difference between ETFs and mutual funds, I would be soooo happy
If you're under 42 you can always grease the gears of war and join the military. Fat pension and great healthcare!
I'm shocked he doesn't have an IRA (unless that doesn't count). Given his previous jobs, it passes the smell test that he doesn't have a 401k.
I'm sure his pensions are invested in a wide range of stocks and bonds, but he doesn't directly hold them.
And pension funds are generally invested broadly enough that the only way a politician could "game" them is to just improve the economy as a whole. Which is like, one of the main things people want their elected officials to do.
Military/feds have TSP, it's essentially a 401k.
If he was 20+ years military reserve he's got a lot in there. I think he started in 1981 tho. And I'm not 100% sure how long tsp has been happening
Not having retirement savings of some kind would be...not great.
But as someone else said, if he has military pension, that may be good enough.
Also Teacher's Pension
And military pension.
edit I totally spaced on the orginal comment mentioning the military pension. No regrets.
Plus a pension for teachers, too!
He did 20 some years in the reserves or guard.
That means he has tsp money, it's the government 401k essentially.
I mean, he might not, but it's incredibly rare not to have tsp especially after 20+ years of service.
He's just like us 🥺
Okay yeah I'm super happy that Harris replaced Biden on the ticket and everything, but the more I learn about this guy the more I want him to be actual president. VP's certainly a good compromise for the circunstances though!
Everybody in MN has been saying Walz needs to run for president for years now. But, being a relatively unknown guy from a flyover state it was kind of a pipe dream. I'm hoping now that everyone is seeing him, getting to know him, and obviously loving him that he'll get his chance in 4 years to run for actual president.
Give Harris two terms to cook, but I otherwise I'm on board. The guy seems awesome.
By that time he'll be 69. I know that's not unpresidented ~(fully intended)~ but I'd still rather see him as president before he's fully geriatric.
Hopefully she'll win. When she does, it's highly likely it'll be for 8.
If Dems win the I feel like Republicans are gonna have a period of recalibration as they move away from maga politics.
One can hope at least.
I figured so when they lost in 2008, but they doubled (quadrupled) down on the party shit and stuff in 2016 and won.
I have absolutely no expectations they'll start getting introspective and sane.
Which is a shame, having a sane, working-in-good-faith opposition party is - generally - a very good thing.
And a great resume builder for the Democrat candidate after harris down the line.
Wow. Does that mean politics is his main job? Like full time?
I didn't knew the US still has politicians like that. Most of the other clowns there seem like they treat politics as a minor side hassle.
I looked at his open secrets page, and his biggest contributes are like 5k, and an association of orthopedic surgeons was at the top of the list.
I'm honestly still shocked we got someone this "clean"
I know this is me being unhinged, but when they're that clean, I get stuck on wondering what they might be hiding. I think I'm broken, I can't accept the possibility that he might just be a good dude.
This fucked up world breeds cynicism just as easily as it does sociopaths.
He did speak at an AIPAC conference, but that was like 2010 or 2011.
And while he was a little to pro-Israel at first, he's changed course somewhat. And publicly commented on the "uncommitted" protest vote in his state and said it's a sign that we need to listen to voters.
And hell, after Biden just being open to a dialog makes this guy seem amazing.
Still happy to have him on the ticket. But even if it was Bernie/AOC, I'd still criticize them, if the only pressure on Dems is to go to the right, we can't blame anyone else when the party keeps going right
Expect the corporate media to go hard against him using the "sochalist" attacks because he's already proven he can't be bought and that scares the shit out of the billionaire ruling class.
They are saying he isn't investing in "America"
He can flat out tell them that those companies aren't investing in America.
They all cry about paying taxes, they move their headquarters to "tax haven" countries as soon as they can. If the local gov't tries to get them to pay their fair share they will move the entire company and put all their workers out of a job.
They gleefully pollute the land. They do everything possible to get out of paying workers, or paying benefits.
They get laws passed so they can fire their workers without reason.
They hire workers from other countries to replace American workers and pay those workers a tiny fraction of what they pay American workers and make their American workers bend over backwards when the work is sub par.
Who is investing in America now?
Investing in America would mean sending each and every exec to jail for life when their inevitable actions are detrimental to America and those who call it their home.
How can we trust him to look out for the interests of the capitalist class?
Everyone has a price. For example, I sold my soul to a friend in highschool in exchange for a stick of gum.
Guy like Tom Walz? Probably about 13 sticks of gum
The republicans at a loss on how to attack this guy and he is just rolling them and their ideas. Kamala must be thrilled.
Vance is attempting to attack him for "stolen valor," implying Walz retired from his 20 year service (as a Sergeant Major) just before the war in Iraq happened, calling Walz a coward.
Let's ask Donald Trump where he was when the US issued the draft for Vietnam.
This guy is doing a great job of making everyone realize just how fucking weird the cons truly are.
And I'm loving every minute of that. I've been calling them creepy weirdos for years - after hearing it said on The Professional Left.
I'm glad this guy is taking it to the national level. The Republicans are getting weirder and weirder by the minute and it's about high time someone with a big platform started pointing out what is so obvious to so many people.
How much time have they spent on attacking a woman from a country they probably couldn't find on a map and that is in a sport they now have to suddenly pretend to care about (do they truly care about any women's sports, if we are being honest?). Way to go, guys. People call you weird and you and get even fucking weirder. 🤣
This guy is the real deal and everything, but I wouldn’t begrudge him what I have for myself, which is some investments in broad index funds, mainly. Something to rely on when I finally fuck off from the office.
Holy shit. The man's practically a saint. All the best to him, I hope Kamala takes him to the top, because that's where he needs to be.
On one hand that’s good. On the other hand that’s a concerning approach to financial management
It's gonna shock you to find out he's a huge proponent of sharing wealth and not hoarding it.
Why? I assume he’s got money in the bank and will have a government pension.
Some people don’t need to hoard as much wealth as possible, if he’s got enough to live comfortably with his family I don’t see the need to hold a ton of investments.
He's completely set with pensions. And I am unsure if index funds were specifically ruled out. The article doesn't really detail his wealth, and there's no way someone with his intelligence and pragmatism has completely bungled his finances.
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