Personal Finance

3819 readers

2 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

nieceandtows@programming.dev

nieceandtows@lemmy.ml

WandererLagomorph799@lemmy.ml

101

Was the 401(k) a Mistake? How an obscure, 45-year old tax change transformed retirement and left so many Americans out in the cold. (www.nytimes.com)

submitted 6 months ago by Blaze@reddthat.com to c/personalfinance@lemmy.ml

61 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] TranscendentalEmpire@lemm.ee 11 points 6 months ago (1 children)

Okay, well technically it inflates by 1.8% per year, but at least that's steady and predictable.

Where are you getting that info from? The price and value of gold is insanely volatile, its value often changes based on people's confidence in fiat currency.

Gold doesn't have an inherent value, and is just as easily manipulated by governments as fiat currency. FDR changed the value of gold to print more money to sustain the recovery after the depression.

[–] shortwavesurfer@monero.town 0 points 6 months ago

World gold council