Will sounds like a cult member reading a letter to their parents saying “I’m safe”.

Easy answer, do you have the same fervent reaction to the music your parent’s obsessed over? I’m 51 and don’t share similar tastes with either my parents and getting the next generation on board with my music ended with Foo Fighters.

Government pension funds tend to be raided on the regular or under-capitalized at their yearly contribution points. Plus when they offer outsized benefits and too high average salaries with early retirement, you get lots of issues (NJ Teachers would be a great example).

The subject you are discussing is a “portable 401K” or a Rollover 401k, which allows you to take it to your new employer without any tax implication.

It’s mainly the press with the heavy-breathing about the BILLIONS being made... The numbers aren’t quite what they advertise, that’s what sets me off. (sort of like this lottery crap where at best the person won $490M after taxes, assuming lump sum, but they scream Billionaire!)

Swift gets about 57% of that total minus whatever fees go to the production company and others involved.

Depending on the management company and industry, I politely disagree. Matching contributions have been beneficial to many.

Oh the TSP is weirdly managed... the I-Fund is garbage and the fees Blackrock is passing through are amusing. (little known fact - The G-Fund is raided on the regular during shutdowns and other funding mismanagement. One can only assume there is loss in over-all growth as a result!)

Seems I fell for the fallacy of the “unregistered securities” story. If Lewis’s book is portraying it accurately, SBF dragged his feet but they don’t give a rationale for why. (but I also don’t believe every fluff piece about the overwhelming “nice girl” image they portray!)

The mistake the UAW made years ago was agreeing to 401K plans rather than keeping defined pensions. The automakers will never agree to returning to those due to the escalating costs from inflation and other factors.

Can we be clear about the money made by these tours... it’s really poor financial modeling. It takes into account resellers and other factors that have no impact on the profitability or even the true income. (It’s a passing joke among economists how these studies come out but have ZERO factual basis.)

Absolutely correct about memoirs being, at times, informative and fun. Jennette McCurdy’s was interesting, Angela’s Ashes, Night, Running With Scissors (nothing to do with account name)... I even read Traci Lords books year ago just to see why she chose her life.

His education and the reputations of his parents are what got SBF in the room with monied people. His perverse obsession with promoting his superiority led to the arrogance Wall Street loves to hand money to. Ellison is just another example of paper education that didn’t teach an ounce of deductive reasoning.

If it’s accurate that Jada is involved with Scientology, Will less so; I would imagine they are getting the worst medical advice possible.

Not shuttering Alameda is simple, someone would have been looking for the money. Bankruptcy would have exposed the transfers and shut winding down operations would have required making customers whole (lawsuits would have followed if otherwise).

The best time to tell “The Public” is when you’re shilling a memoir...

Right now American media is playing the “both sides” argument of Camp Meghan/Harry or King Charles/Prince William. When in reality most people just don’t care and only follow as a distraction from their lives. It’s a lovely diversion watching famous, wealthy people whine about not being famous enough or having enough…

It could be my age showing, but there was a time when the first 30 minutes was actual news (70's/80's). A brief recap of the things that happened yesterday and a small mention of some news-worthy event for that day.

Did someone expect Momma Kelce to be all “We braided hair and painted our nails”? While the world seemingly needs Taylor for column inches, Mom knows better than to say anything!