The Maroon Advisor

Finance | Miss State Athletics

[The Maroon Advisor @CowabungaLLC]

A list of things that break people’s brains: 🧵

[The Maroon Advisor @CowabungaLLC]

Budget that out of your income

Don’t use your retirement nest egg for cruises

[Jamie Selects @jamie_selects]

Locking up money in a retirement account until you're 59.5 feels crazy these days. I understand the tax benefits, but even still. I want capital in the prime of my life to create incredible experiences for my family, not hoard it until I "retire."

[The Maroon Advisor @CowabungaLLC]

@tonyannett Just need to present correct data https://t.co/QQpPpZMG6W

[Gunnar Úlfarsson @gunnarulfars]

@SallyMayweather "Stop sending us this chart".

The @TheEconomist did a great job explaining why this graph is flawed.

[The Maroon Advisor @CowabungaLLC]

@LittleKeegs0

[The Maroon Advisor @CowabungaLLC]

@LittleKeegs0 Which brings me back to why are we treating adults like children?

What do you think $100/mo compounded annually at 10% for 45 years results in?

[The Maroon Advisor @CowabungaLLC]

@LittleKeegs0 It’s only unequal because there are people who choose to learn how these programs work (me) and those who sit around and hope the government gives them more handouts (you)

Who do you think will make out better in the end?

[The Maroon Advisor @CowabungaLLC]

@LittleKeegs0 “the benefits disproportionately go to the richest”

Incorrect. There are limits to how much one can contribute to these programs.

They aren’t complex at all

Maybe you should go speak with a financial advisor to understand how these things work

[The Maroon Advisor @CowabungaLLC]

@LittleKeegs0 Elderly poverty is an example of what not to do. These people never invested and did zero planning for retirement. With compounding interest and a long time horizon, do you know how little it takes to retire a millionaire? As little as $100/mo

You’d rather that be taxed away

[The Maroon Advisor @CowabungaLLC]

@LittleKeegs0 401k’s, 403b’s, 457’s, IRA’s, Roth provisions, etc. Ringing any bells?

If people contribute to these types of retirement programs and build a financial plan, the end result is leaps and bounds better than any social welfare program

[The Maroon Advisor @CowabungaLLC]

@LittleKeegs0 We have retirement programs in place that are proven to work for those that understand and use them. They cost the taxpayer largely nothing and relieve our already strained social services. Why not lean into those rather than the alternative?

[The Maroon Advisor @CowabungaLLC]

@LittleKeegs0 This is a ridiculous take, btw.

Why do we have to treat grown men and women like they’re petulant children?

[The Maroon Advisor @CowabungaLLC]

@tonyannett But your log chart distorts the fact that the US’s GDP per capita adjusted for PPP is 20% higher than Sweden

[The Maroon Advisor @CowabungaLLC]

@Winter_arrived @arindube

[The Maroon Advisor @CowabungaLLC]

@Winter_arrived @arindube Barely. 88% versus 84%. The unemployment figures are significantly more damning

[The Maroon Advisor @CowabungaLLC]

@Winter_arrived @arindube Sweden has a youth unemployment rate that is 3x(!!!) higher than the US

It has a foreign-born unemployment rate 7x(!!!) higher than the US

[The Maroon Advisor @CowabungaLLC]

@tonyannett Why can’t you?

[The Maroon Advisor @CowabungaLLC]

@LittleKeegs0 Incorrect. You don’t need a ton of money to invest. You just need to invest a small % of your income every year

[The Maroon Advisor @CowabungaLLC]

@HelloBerlin3 Sure. Nor should they be. Relatively speaking, the tax advantages for the lower and middle class are there and are extremely powerful. It’s about actually using them

[The Maroon Advisor @CowabungaLLC]

@LittleKeegs0 Excuse me. Instead of Trailer Park Tiffany, I should’ve said Boomer Barry who refused to invest during the greatest bull market in human history

[The Maroon Advisor @CowabungaLLC]

@HelloBerlin3 Also, wage earners have access to tax benefits themselves like Roth IRAs/401k’s or the 0% tax rate on Long Term Capital Gains under $100k

[The Maroon Advisor @CowabungaLLC]

@HelloBerlin3 That’s the fault of the wage earner. Not the billionaire business owner. The wage earner can buy assets and easily access low-interest loans secured by those assets. It’s not just some exclusive club that locks out the bottom 99%