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Posted
32 minutes ago, Macanudo said:

I don't know where Fidelity is getting that 14.2% rate at.   Yes, I know who Fidelity is and what they do.  I run Plan Committee meetings as part of my job as a consultant.   Fidelity, Principal, Empower and Voya are the big players in the 401k market now.   I've seen plan reviews from all of them and probably 20 each from Principal and Fidelity so far this year.  Average employee deferrals are usually around 5% and the ER match is 3-4%.   

EE deferrals 9.5 and ER match 4.7 is what they had

Posted
5 hours ago, Brisketexan said:

It really is amazing how hard Target has stepped on its own dick in recent years.  Took a pretty beloved brand with real customer loyalty (sample size: my wife and all of her peers, holy fucking shit could they drop money at Target), and have fucked it up a dozen different ways, including taking a completely unnecessary harsh political position re DEI (an unforced error).  My family alone is responsible for a lost couple thousand dollars a year in sales for our local Target.  I know we're far from alone.  

They need to do some real turnaround shit, or they are in real existential jeopardy.

And soaring sales at Wal-Mart by increased spending by upper tier shoppers is not a good economic sign, the way I read it.  When people with money stop buying steak and start buying hamburger, that's a yellow flag for overall spending.

Target had all the ppl who hated Walmart as well as the LGBTQ+ and their allies 

 

and even the homophobes that hated Walmart hated Walmart more than they phobed the homos. 
 

biggest own goal in history 

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Posted
2 hours ago, StassneyHorn said:

Why is the average amount of all accounts your takeaway? Or even the median— I’d bet there’s way more accounts at breadcrumb amounts due to people leaving within 0-6 months at a company that affect the number than whale accounts. 

I think the most telling number is that people are saving at a combined 14.2% rate which is pretty close to the recommended 15% savings. If people are as hard up for money as some may think- we’d expect this number to be lower. Instead it’s a nice, responsible number.

Over It Reaction GIF

 

Posted
4 hours ago, StassneyHorn said:

 

I wouldn't say his wife being married three times makes her promiscuous.  (My bar for that is very high, though.)

I just think it shows she has bad judgement, which is backed up by marrying this guy.  Put it this way, you're 35 and you've met a 35 year old woman you like.  Would you rather her have been with 100 men and never married or have been married 5 times?

Posted
2 minutes ago, StassneyHorn said:

Gif surrender noted to a legitimate question.

It’s literally the highest average amount recorded, but slay, eviscerate and go off queen.

I'm just not sure what other material numbers could POSSIBLY matter when it comes to pushing averages around.

Oh, say maybe new participant entry....which admittedly they don't share here, would tend to have a downward effect on savings rate averages of the overall pool of savers. Newer/lower-income individuals, as they enter these types of plans, tend to save at a reduced rate compared to their older generation/higher-income earning counterparts.  If fewer younger people are entering these kinds of plans (Gen Z in particular), then no shit, the average savings rate of the remaining pool of Boomers/Xers will go up. 

I'm not saying that is happening, but there are tons of things outside of my admittedly snarky first comment that could be pushing these numbers, and so it doesn't need to be swallowed as some sign of "all is well"

Posted
17 minutes ago, Aqua Buddha said:

  Would you rather her have been with 100 men and never married or have been married 5 times?

That’s a no to both.

9 minutes ago, Surly Bevo said:

I'm just not sure what other material numbers could POSSIBLY matter when it comes to pushing averages around.

Oh, say maybe new participant entry....which admittedly they don't share here, would tend to have a downward effect on savings rate averages of the overall pool of savers. Newer/lower-income individuals, as they enter these types of plans, tend to save at a reduced rate compared to their older generation/higher-income earning counterparts.  If fewer younger people are entering these kinds of plans (Gen Z in particular), then no shit, the average savings rate of the remaining pool of Boomers/Xers will go up. 

I'm not saying that is happening, but there are tons of things outside of my admittedly snarky first comment that could be pushing these numbers, and so it doesn't need to be swallowed as some sign of "all is well"

Good boy.

Posted
3 hours ago, StassneyHorn said:

The number of 401(k) accounts with a balance of $1 million or more jumped to 654,000 as of Sept. 30, up 10% from the second quarter, according to Fidelity.

 

That's sad as fuck, but totally explains some of the posts in the market thread from earlier this year. 

Posted
On 11/18/2025 at 4:07 PM, Brisketexan said:

This is literally an actual post, word-for-word, by the White House on social media right now:

Godfuckingmotherfuckingdammit, it's so goddamn stupid.

If "exempting these items from reciprocal tariffs" is "delivering for American workers & families".....WHY IN THE FUCK DID YOU IMPOSE THOSE TARIFFS IN THE FUCKING FIRST PLACE, YOU FUCKING ABJECT, ABSOLUTE, INFINITE MORON????

"I put out the fire I started" is not fucking "delivering" shit.  It's fucking undoing your utter and complete fuckup that never should have fucking happened in the first place among any life form capable of higher-level reasoning.

Haha this reminds me of an ad my old firm did for one of its partners who the ad titled as the “firefighter”. I called him the arsonist. Remember, @Ghost of LL?

Posted
1 hour ago, DDD Dad said:

Haha this reminds me of an ad my old firm did for one of its partners who the ad titled as the “firefighter”. I called him the arsonist. Remember, @Ghost of LL?

Yeah--and it was definitely accurate.

Posted

After 15+ years of wanting to repeal and replace Obamacare, the best the GOP can come up is that they want to hand the Obamacare subsidies directly to Americans and wish them luck. In theory giving consumers the ability to use the free market system to find the right options for themselves and their budget, works on paper. But it also assumes that the insurance companies are a truly competitive marketplace. Hint, they're not.

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