Posts by wiredviper76

Gerald Thomas11 said:Look, let me break this down for you, plain and simple:
1. The first pillar. Every employee shuffles 15% of their paycheck straight into a federal fund to cover current retirees. Don't hold your breath waiting for that money to come back to you; it’s already gone, spent on the people ahead of us in line.
2. The second pillar. You set aside 5% of your pay into a personal account. Whatever manages to pile up over your career is supposed to be your little safety net for when you retire. Of course, that assumes they don't scrap the whole system before then—in which case, you might get some scraps from the first pillar, taken directly from the younger generation.
3. The third pillar is voluntary. You contribute whatever you can afford, whenever you want. You get the tax breaks and the benefits of a 401(k), but you can't touch it until you hit age 50.

Or earlier if you take a 10% penalty.👎

Hit me up in the DMs to talk all things 401(k)s and pension funds...

rowdyraven said:And why on earth would anyone switch?

"Past performance is no guarantee of future results."

You'd be profiting off people, yet you still act so high and mighty.🙂

Exactly. That’s why you gotta watch how they run things and just jump ship again in three years if needed. ☕
It's wild how most people switch based on convenience rather than actually giving a damn about how the fund is performing. Honestly, I haven't met a single person who actually understands the business model of their own fund. If they weren't getting mailed statements, they wouldn't even know where their money was. Very few people make an actual choice; most just get dumped into a fund by some "algorithm" that only Regos seems to understand. And somehow, all those people who didn't choose anything always end up in AZ. Who knows, maybe it's just me.🙄

Looks like you're also against this kind of way of making money...
Whatever, let's skip over that... we still have a million other things to talk about. 👍
Later!

Not trying to start a whole new thread on the forums, so I'll just drop this here.

I’ve got a chance to make some quick cash to patch up my bank account—specifically by helping people move their money into the XY pension fund. It’s a simple question: why can't I convince people that switching to a fund with higher returns is actually better for them? And obviously, they'd be doing me a massive favor in the process. To make matters worse, even some close friends have turned me down...🤷

They get the whole concept, but I guess they just can't stomach the idea of me making a buck off it...
Anyone want to share what they've dealt with firsthand?
Any advice would be appreciated.

casualmarlin67 said:I can tell you how to do it, though it isn't exactly healthy!! Just eat once a day and go for a run in the evening!! Works for me since I sleep in late and eat around 1 or 2 PM, so I can last all day. But if you have a job or get up early, that'll be a struggle. Basically, just running, biking, whatever...

That "eat once a day" thing—are you trying to help someone or kill them???!! Watch out for the massive rebound effect—the fewer times you eat, the more your body tries to store fat because it’s "scared" about when the next meal is coming. It overcompensates every single time. It's that classic Yo-Yo effect everyone knows about.

Sorry for the tone, but there's so much conflicting advice on here that you can't see the forest for the trees. Regarding food—try basing it on slow carbs, like oatmeal, for breakfast. During the day, stick to protein (chicken breast, cottage cheese, tuna...) paired with fibrous veggies or greens. Eat at least 5 times a day to start, but don't stuff yourself. As for working out—you don't have to kill yourself on a bike or running. Just listen to your body and know when enough is enough. To start, pick any aerobic activity and keep your heart rate between 120-140 bpm for about 30 minutes. Nothing more, nothing harder.

Anyway, hope that gives you some direction—ask if I missed anything...