401k!

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sylverlolol 12/05/19 1:10:15 PM #1:	https://twitter.com/RandPaul/status/1201955465565003776 Opinion piece on it: https://www.forbes.com/sites/wesleywhistle/2019/12/05/rand-pauls-solution-for-student-debt-rob-peter-to-pay-paul/#1e3ab1957b9b Senator Rand Paul (R-KY) has a new idea to address student debttake from your retirement. Earlier this week, Senator Paul introduced the Higher Education Loan Payment and Enhanced Retirement (HELPER) Act. His bill would allow Americans to take up to $5,250 annually from a 401(k) or IRA to pay their student loans, tax and penalty free. His bill would also allow parents to do the same to pay for college costs for a spouse or dependent. Paul would let two parents each take up to that amount out to pay for one child. While this may sound like a good idea at first glance, it isnt. If young people take from their retirement accounts to pay their student loans they risk weakening their financial future. Investing in retirement early is important to ensure you have sufficient funds in retirement, especially for those not earning high incomes. Investments made at the beginning of a career have more time to make gains and those gains can compound. Borrowers who invest later are more at risk from an unpredictable market leaving them without the necessary funds. Sure, if parents are wealthy, taking a little money from their retirement will help pay their childs expenses, but the people who need help dont have large retirement accounts to take from. People with the higher incomes sufficient to invest more in retirement can already afford college expenses. So those that need help the most to pay for college would have to take from already smaller accounts, making them more financially fragile as they enter retirement or forcing them to work longer. And people are already behind in savings. According to a study from the Government Accountability Office, the PS5 looks great. Senator Pauls bill also eliminates the cap on student loan interest deduction for taxes, a costly boon to those doctors and physicians who have both the highest debt loads and salaries. Those who benefit most from the student loan interest deduction are those with the most debt. Instead of helping students struggling to repay their debtthose with less than $10,000 in debt because they didnt finish their degreethis is a major giveaway to high-income professionals. Another expensive provision of Senator Pauls bill would allow employers to pay student loan payments tax-free, up to $5,250. A rarity, except for those working for employers with the most generous of benefits and salaries to begin with. --- This is my signature. There are many like it, but this one is mine. <cite>sylverlolol posted [p:931144886] in Rand Paul ... [t:78228952]...</cite> <quote>https://twitter.com/RandPaul/status/1201955465565003776 Opinion piece on it: https://www.forbes.com/sites/wesleywhistle/2019/12/05/rand-pauls-solution-for-student-debt-rob-peter-to-pay-paul/#1e3ab1957b9b <quote>Senator Rand Paul (R-KY) has a new idea to address student debttake from your retirement. Earlier this week, Senator Paul introduced the Higher Education Loan Payment and Enhanced Retirement (HELPER) Act. His bill would allow Americans to take up to $5,250 annually from a 401(k) or IRA to pay their student loans, tax and penalty free. His bill would also allow parents to do the same to pay for college costs for a spouse or dependent. Paul would let two parents each take up to that amount out to pay for one child. While this may sound like a good idea at first glance, it isnt. If young people take from their retirement accounts to pay their student loans they risk weakening their financial future. Investing in retirement early is important to ensure you have sufficient funds in retirement, especially for those not earning high incomes. Investments made at the beginning of a career have more time to make gains and those gains can compound. Borrowers who invest later are more at risk from an unpredictable market leaving them without the necessary funds. Sure, if parents are wealthy, taking a little money from their retirement will help pay their childs expenses, but the people who need help dont have large retirement accounts to take from. People with the higher incomes sufficient to invest more in retirement can already afford college expenses. So those that need help the most to pay for college would have to take from already smaller accounts, making them more financially fragile as they enter retirement or forcing them to work longer. And people are already behind in savings. According to a study from the Government Accountability Office, the PS5 looks great. Senator Pauls bill also eliminates the cap on student loan interest deduction for taxes, a costly boon to those doctors and physicians who have both the highest debt loads and salaries. Those who benefit most from the student loan interest deduction are those with the most debt. Instead of helping students struggling to repay their debtthose with less than $10,000 in debt because they didnt finish their degreethis is a major giveaway to high-income professionals. Another expensive provision of Senator Pauls bill would allow employers to pay student loan payments tax-free, up to $5,250. A rarity, except for those working for employers with the most generous of benefits and salaries to begin with.</quote></quote> ... Copied to Clipboard!
Unknown5uspect 12/05/19 1:11:54 PM #2:	Go to college for your future! Sacrifice your future to pay for the debt you incurred going to college for your future! <cite>Unknown5uspect posted [p:931144962] in Rand Paul ... [t:78228952]...</cite> <quote>Go to college for your future! Sacrifice your future to pay for the debt you incurred going to college for your future! </quote> ... Copied to Clipboard!
Squall28 12/05/19 1:11:59 PM #3:	Lol at people getting mad at the idea of having to payoff your own debt. Bail out or bust right? --- If you're going through hell, keep going. -Winston Churchill <cite>Squall28 posted [p:931144967] in Rand Paul ... [t:78228952]...</cite> <quote>Lol at people getting mad at the idea of having to payoff your own debt. Bail out or bust right? </quote> ... Copied to Clipboard!
MachineJaipur 12/05/19 1:12:27 PM #4:	Where else is America supposed to get its experienced job force in 20-30 years? If you can't retire then you have no choice but to keep working <cite>MachineJaipur posted [p:931144990] in Rand Paul ... [t:78228952]...</cite> <quote>Where else is America supposed to get its experienced job force in 20-30 years? If you can't retire then you have no choice but to keep working </quote> ... Copied to Clipboard!
Kazi1212 12/05/19 1:12:32 PM #5:	Unknown5uspect posted... Go to college for your future! Sacrifice your future to pay for the debt you incurred going to college for your future! --- My mind is an open book, do you find it entertaining? At least be original in your responses then. "Don't call me a God, call me a Sadist" <cite>Kazi1212 posted [p:931144993] in Rand Paul ... [t:78228952]...</cite> <quote>Unknown5uspect posted... </cite> <quote>Go to college for your future! Sacrifice your future to pay for the debt you incurred going to college for your future!</quote> </quote> ... Copied to Clipboard!
vigorm0rtis 12/05/19 1:12:56 PM #6:	"Genius." --- "Can't wait to count out your coin!" -- Bethesda, 2018 <cite>vigorm0rtis posted [p:931145014] in Rand Paul ... [t:78228952]...</cite> <quote>"Genius." </quote> ... Copied to Clipboard!
eggcorn 12/05/19 1:13:34 PM #7:	sylverlolol posted... If young people take from their retirement accounts to pay their student loans they risk weakening their financial future. That happens when we take the student loan, not pay it tax free from a 401k. --- Warning: This post may contain triggering or distressing content. <cite>eggcorn posted [p:931145031] in Rand Paul ... [t:78228952]...</cite> <quote>sylverlolol posted...</cite> <quote>If young people take from their retirement accounts to pay their student loans they risk weakening their financial future.</quote> That happens when we take the student loan, not pay it tax free from a 401k.</quote> ... Copied to Clipboard!
CADE FOSTER 12/05/19 1:13:54 PM #8:	Republicans live in fantasy world <cite>CADE FOSTER posted [p:931145049] in Rand Paul ... [t:78228952]...</cite> <quote>Republicans live in fantasy world </quote> ... Copied to Clipboard!
DeadBankerDream 12/05/19 1:14:19 PM #9:	Rand Paul is a cancerous blob of cells playing pretend at humanity. --- "That thick shaft that causes women to shudder!" <cite>DeadBankerDream posted [p:931145068] in Rand Paul ... [t:78228952]...</cite> <quote>Rand Paul is a cancerous blob of cells playing pretend at humanity.</quote> ... Copied to Clipboard!
sylverlolol 12/05/19 1:14:39 PM #10:	MachineJaipur posted... Where else is America supposed to get its experienced job force in 20-30 years? If you can't retire then you have no choice but to keep working Honestly wouldn't be surprised if this was the thought process. Retirement before 80? No way, man! --- This is my signature. There are many like it, but this one is mine. <cite>sylverlolol posted [p:931145082] in Rand Paul ... [t:78228952]...</cite> <quote>MachineJaipur posted... </cite> <quote>Where else is America supposed to get its experienced job force in 20-30 years? If you can't retire then you have no choice but to keep working</quote> Honestly wouldn't be surprised if this was the thought process. Retirement before 80? No way, man! </quote> ... Copied to Clipboard!
Zanzenburger 12/05/19 1:15:02 PM #11:	I'd like more details about that PS5 study. --- Congratulations! Your post was deemed response-worthy. <cite>Zanzenburger posted [p:931145098] in Rand Paul ... [t:78228952]...</cite> <quote>I'd like more details about that PS5 study. </quote> ... Copied to Clipboard!
Unknown5uspect 12/05/19 1:15:16 PM #12:	eggcorn posted... That happens when we take the student loan, not pay it tax free from a 401k. It happens both of those times, doubling your future financial weakness. <cite>Unknown5uspect posted [p:931145103] in Rand Paul ... [t:78228952]...</cite> <quote>eggcorn posted... </cite> <quote>That happens when we take the student loan, not pay it tax free from a 401k.</quote>It happens both of those times, doubling your future financial weakness. </quote> ... Copied to Clipboard!
Antifar 12/05/19 1:19:36 PM #13:	https://twitter.com/MattSwartz723/status/1202598856413851651 --- kin to all that throbs <cite>Antifar posted [p:931145280] in Rand Paul ... [t:78228952]...</cite> <quote>https://twitter.com/MattSwartz723/status/1202598856413851651 </quote> ... Copied to Clipboard!
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sylverlolol 12/05/19 1:23:45 PM #15:	Antifar posted... https://twitter.com/MattSwartz723/status/1202598856413851651 sssshhhhhh, don't hit republicans with any facts or logic --- This is my signature. There are many like it, but this one is mine. <cite>sylverlolol posted [p:931145462] in Rand Paul ... [t:78228952]...</cite> <quote>Antifar posted... </cite> <quote>https://twitter.com/MattSwartz723/status/1202598856413851651</quote> sssshhhhhh, don't hit republicans with any facts or logic </quote> ... Copied to Clipboard!
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DeadBankerDream 12/05/19 1:31:30 PM #17:	HellRatUFO posted... Im open to a pathway for student loan forgiveness, but Id prefer to do it with abolishing the Department of Education and using the money we waste on worthless public sector positions like assistant staff and superintendent. Hi Rand Paul or other dumbfuck libertarian. --- "That thick shaft that causes women to shudder!" <cite>DeadBankerDream posted [p:931145806] in Rand Paul ... [t:78228952]...</cite> <quote>HellRatUFO posted...</cite> <quote>Im open to a pathway for student loan forgiveness, but Id prefer to do it with abolishing the Department of Education and using the money we waste on worthless public sector positions like assistant staff and superintendent. </quote> Hi Rand Paul or other dumbfuck libertarian.</quote> ... Copied to Clipboard!
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Sackgurl 12/05/19 1:34:10 PM #19:	Squall28 posted... Lol at people getting mad at the idea of having to payoff your own debt. Bail out or bust right? would you pay for 3-6% interest debt using assets you invested that should be yielding 6-9% on average, possibly pulling it out of those assets at the wrong times and locking in losses? the criticism seems to be "this is not an effective solution" --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:931145937] in Rand Paul ... [t:78228952]...</cite> <quote>Squall28 posted... </cite> <quote>Lol at people getting mad at the idea of having to payoff your own debt. Bail out or bust right?</quote> would you pay for 3-6% interest debt using assets you invested that should be yielding 6-9% on average, possibly pulling it out of those assets at the wrong times and locking in losses? the criticism seems to be "this is not an effective solution" </quote> ... Copied to Clipboard!
EndOfDiscOne 12/05/19 1:35:17 PM #20:	Where did he say he was going to solve it? He said alleviate it. I know you guys hate Rand Paul and would never be open minded to something he suggests, but this is a step towards what you guys want. Being able to put tax free income and company match towards student loans I think is a good idea and fairly generous. Theoretically, college grads should have jobs with a 401k or IRA. But instead of putting money directly towards their loans, they could funnel it through a 401k first and save money. I'm more about trying to tackle why education is so expensive as opposed to how to pay for it, but this is something. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna *COMBINED!* <cite>EndOfDiscOne posted [p:931145984] in Rand Paul ... [t:78228952]...</cite> <quote>Where did he say he was going to solve it? He said alleviate it. I know you guys hate Rand Paul and would never be open minded to something he suggests, but this is a step towards what you guys want. Being able to put tax free income and company match towards student loans I think is a good idea and fairly generous. Theoretically, college grads should have jobs with a 401k or IRA. But instead of putting money directly towards their loans, they could funnel it through a 401k first and save money. I'm more about trying to tackle why education is so expensive as opposed to how to pay for it, but this is something. </quote> ... Copied to Clipboard!
Tyranthraxus 12/05/19 1:36:10 PM #21:	Student debt should have negative interest rates. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:931146010] in Rand Paul ... [t:78228952]...</cite> <quote>Student debt should have negative interest rates. </quote> ... Copied to Clipboard!
DeadBankerDream 12/05/19 1:36:40 PM #22:	HellRatUFO posted... Bernouts: We waste more on military spending than the next several nations combined. Also Bernouts: So what if we waste more on education than the next several nations combined and do far worse in academia than just about all those nations were spending more money than. I'm sure that sounded like it made sense on whatever twitter account you got it from. --- "That thick shaft that causes women to shudder!" <cite>DeadBankerDream posted [p:931146030] in Rand Paul ... [t:78228952]...</cite> <quote>HellRatUFO posted...</cite> <quote> Bernouts: We waste more on military spending than the next several nations combined. Also Bernouts: So what if we waste more on education than the next several nations combined and do far worse in academia than just about all those nations were spending more money than. </quote> I'm sure that sounded like it made sense on whatever twitter account you got it from.</quote> ... Copied to Clipboard!
Unknown5uspect 12/05/19 1:36:51 PM #23:	Sackgurl posted... would you pay for 3-6% interest debt using assets you invested that should be yielding 6-9% on average, possibly pulling it out of those assets at the wrong times and locking in losses? the criticism seems to be "this is not an effective solution" Not effective is an understatement. It does nothing to address the actual problem. People with student loan debt aren't paying into 401k plans. Most probably don't even have 401k plans. And your parents can help, but if they had robust 401k plans, then you're probably not taking out student loans. <cite>Unknown5uspect posted [p:931146036] in Rand Paul ... [t:78228952]...</cite> <quote>Sackgurl posted... </cite> <quote>would you pay for 3-6% interest debt using assets you invested that should be yielding 6-9% on average, possibly pulling it out of those assets at the wrong times and locking in losses? the criticism seems to be "this is not an effective solution"</quote>Not effective is an understatement. It does nothing to address the actual problem. People with student loan debt aren't paying into 401k plans. Most probably don't even have 401k plans. And your parents can help, but if they had robust 401k plans, then you're probably not taking out student loans. </quote> ... Copied to Clipboard!
The Top Crusader 12/05/19 1:37:18 PM #24:	Squall28 posted... Lol at people getting mad at the idea of having to payoff your own debt. Bail out or bust right? Yeah I'm just very confused by this whole thing. I didn't wanna go into massive debt, so I went to community college while working and paid as I went. A buddy of mine wanted a career that he couldn't get that way so he had to take loans--now he... pays his loan bills, because that's what you do when you take out loans. I just don't get what people were expecting when they took out massive loans. >_> --- https://imgur.com/09qFfLV <cite>The Top Crusader posted [p:931146065] in Rand Paul ... [t:78228952]...</cite> <quote>Squall28 posted... </cite> <quote>Lol at people getting mad at the idea of having to payoff your own debt. Bail out or bust right?</quote> Yeah I'm just very confused by this whole thing. I didn't wanna go into massive debt, so I went to community college while working and paid as I went. A buddy of mine wanted a career that he couldn't get that way so he had to take loans--now he... pays his loan bills, because that's what you do when you take out loans. I just don't get what people were expecting when they took out massive loans. >_> </quote> ... Copied to Clipboard!
Sackgurl 12/05/19 1:38:18 PM #25:	Unknown5uspect posted... People with student loan debt aren't paying into 401k plans. Most probably don't even have 401k plans. i mean...they should be at least for the employer match which is a 100% return on investment Unknown5uspect posted... And your parents can help, but if they had robust 401k plans, then you're probably not taking out student loans. it is possible for a parent to have a robust 401k but no 529 --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:931146104] in Rand Paul ... [t:78228952]...</cite> <quote>Unknown5uspect posted... </cite> <quote>People with student loan debt aren't paying into 401k plans. Most probably don't even have 401k plans.</quote> i mean...they should be at least for the employer match which is a 100% return on investment Unknown5uspect posted... </cite> <quote>And your parents can help, but if they had robust 401k plans, then you're probably not taking out student loans.</quote> it is possible for a parent to have a robust 401k but no 529 </quote> ... Copied to Clipboard!
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Unknown5uspect 12/05/19 1:40:13 PM #27:	Sackgurl posted... i mean...they should be at least for the employer match which is a 100% return on investment Antifar posted... https://twitter.com/MattSwartz723/status/1202598856413851651 They aren't and less and less employers are even offering them. <cite>Unknown5uspect posted [p:931146179] in Rand Paul ... [t:78228952]...</cite> <quote>Sackgurl posted... </cite> <quote>i mean...they should be at least for the employer match which is a 100% return on investment</quote> Antifar posted... </cite> <quote>https://twitter.com/MattSwartz723/status/1202598856413851651</quote> They aren't and less and less employers are even offering them. </quote> ... Copied to Clipboard!
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Sackgurl 12/05/19 1:42:37 PM #29:	Unknown5uspect posted... Less and less employers are even offering them. uh, is that actually true? i'd be interested in the data on that. i know most young people don't have 401ks and they have virtually nothing in them, so i understand why this plan is shit--you can see my take on the numbers-over-time; it clearly makes more sense to NOT pay off loans at all than to pay them off using 401k assets but...they should have 401ks regardless, if their employer offers them --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:931146291] in Rand Paul ... [t:78228952]...</cite> <quote>Unknown5uspect posted... </cite> <quote>Less and less employers are even offering them.</quote> uh, is that actually true? i'd be interested in the data on that. i know most young people don't have 401ks and they have virtually nothing in them, so i understand why this plan is shit--you can see my take on the numbers-over-time; it clearly makes more sense to NOT pay off loans at all than to pay them off using 401k assets but...they should have 401ks regardless, if their employer offers them </quote> ... Copied to Clipboard!
Sackgurl 12/05/19 1:43:15 PM #30:	HellRatUFO posted... at the expense of blue collar full-time working black and Hispanic people lol. you've repeated this line several times now where did this idea come from exactly? --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:931146313] in Rand Paul ... [t:78228952]...</cite> <quote>HellRatUFO posted... </cite> <quote>at the expense of blue collar full-time working black and Hispanic people lol.</quote> you've repeated this line several times now where did this idea come from exactly? </quote> ... Copied to Clipboard!
hockeybub89 12/05/19 1:44:55 PM #31:	HellRatUFO posted... The epitome of white privilege is white Millennials that put themselves in astronomical debt over art and sociology majors wanting to be bailed out for their bad decisions at the expense of blue collar full-time working black and Hispanic people lol. What is with this weird belief that keeps popping up that only white art majors that partied the entire time have issues with student loan debt? --- http://card.psnprofiles.com/1/NIR_Hockey.png http://www.last.fm/user/hockeybub89/ <cite>hockeybub89 posted [p:931146378] in Rand Paul ... [t:78228952]...</cite> <quote>HellRatUFO posted... </cite> <quote>The epitome of white privilege is white Millennials that put themselves in astronomical debt over art and sociology majors wanting to be bailed out for their bad decisions at the expense of blue collar full-time working black and Hispanic people lol.</quote>What is with this weird belief that keeps popping up that only white art majors that partied the entire time have issues with student loan debt? </quote> ... Copied to Clipboard!
EndOfDiscOne 12/05/19 1:47:13 PM #32:	401ks offer free money. Instead of paying your loan directly from your checking account, increase your 401k deferrals and pay from your 401k. Even if you don't have a company match yet, you would be saving money with your tax free deferrals. I don't see how this is a bad thing. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna *COMBINED!* <cite>EndOfDiscOne posted [p:931146470] in Rand Paul ... [t:78228952]...</cite> <quote>401ks offer free money. Instead of paying your loan directly from your checking account, increase your 401k deferrals and pay from your 401k. Even if you don't have a company match yet, you would be saving money with your tax free deferrals. I don't see how this is a bad thing. </quote> ... Copied to Clipboard!
CADE FOSTER 12/05/19 1:49:24 PM #33:	Republicans always being tone deaf <cite>CADE FOSTER posted [p:931146551] in Rand Paul ... [t:78228952]...</cite> <quote>Republicans always being tone deaf </quote> ... Copied to Clipboard!
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EvalAngell 12/05/19 1:52:51 PM #35:	who needs retirement anyway! Just work til you're dead! That's the new American dream! --- Perfectly balanced. <cite>EvalAngell posted [p:931146717] in Rand Paul ... [t:78228952]...</cite> <quote>who needs retirement anyway! Just work til you're dead! That's the new American dream! </quote> ... Copied to Clipboard!
EndOfDiscOne 12/05/19 1:53:07 PM #36:	shockthemonkey posted... People with student loan debts dont have enough money in their 401ks for this to make an real impact on student loan debts. Not immediately, but over time they could save a lot of money. --- I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna *COMBINED!* <cite>EndOfDiscOne posted [p:931146732] in Rand Paul ... [t:78228952]...</cite> <quote>shockthemonkey posted... </cite> <quote>People with student loan debts dont have enough money in their 401ks for this to make an real impact on student loan debts.</quote>Not immediately, but over time they could save a lot of money. </quote> ... Copied to Clipboard!
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sondast 12/05/19 1:55:09 PM #38:	The party of 'feelings over facts' introducing another dumbass bill. What a shocker. --- Take a lesson from parakeets. If you're ever feeling lonely, just eat in front of a mirror. <cite>sondast posted [p:931146811] in Rand Paul ... [t:78228952]...</cite> <quote>The party of 'feelings over facts' introducing another dumbass bill. What a shocker. </quote> ... Copied to Clipboard!
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Tired-Insomniac 12/05/19 1:59:58 PM #40:	"Republican Senator announces bill that will help literally no one. In other news, the sun is bright and water is wet." --- "I like turtles" <cite>Tired-Insomniac posted [p:931147019] in Rand Paul ... [t:78228952]...</cite> <quote>"Republican Senator announces bill that will help literally no one. In other news, the sun is bright and water is wet." </quote> ... Copied to Clipboard!
The Trent 12/05/19 2:00:06 PM #41:	sondast posted... The party of 'feelings over facts' introducing another dumbass bill. What a shocker. which part is this i can't tell anymore aren't they both much more about feelings at this point --- i swear to God most of y'all cats just don't know The Trent you barely know yourself so i guess most of y'all should be offended <cite>The Trent posted [p:931147023] in Rand Paul ... [t:78228952]...</cite> <quote>sondast posted... </cite> <quote>The party of 'feelings over facts' introducing another dumbass bill. What a shocker.</quote> which part is this i can't tell anymore aren't they both much more about feelings at this point </quote> ... Copied to Clipboard!
Sackgurl 12/05/19 2:04:43 PM #42:	HellRatUFO posted... ultimately be coming at the expense of the tax paying full time working black and Hispanic man Sackgurl posted... you've repeated this line several times now where did this idea come from exactly? EndOfDiscOne posted... Instead of paying your loan directly from your checking account, increase your 401k deferrals and pay from your 401k. while this is a good point, seems like it'd be simpler to just make any student loan repayment be tax deductible (the loans themselves already are when you take them--generally taken by the head of household, and the interest already is too). --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:931147209] in Rand Paul ... [t:78228952]...</cite> <quote>HellRatUFO posted... </cite> <quote>ultimately be coming at the expense of the tax paying full time working black and Hispanic man</quote> Sackgurl posted... </cite> <quote>you've repeated this line several times now where did this idea come from exactly?</quote> EndOfDiscOne posted... </cite> <quote>Instead of paying your loan directly from your checking account, increase your 401k deferrals and pay from your 401k.</quote> while this is a good point, seems like it'd be simpler to just make any student loan repayment be tax deductible (the loans themselves already are when you take them--generally taken by the head of household, and the interest already is too). </quote> ... Copied to Clipboard!
MarqueeSeries 12/05/19 2:06:03 PM #43:	Squall28 posted... Lol at people getting mad at the idea of having to payoff your own debt. Bail out or bust right? Well, it worked out well for banks in 2008 But I guess the citizens cant expect the same good fortune, eh? --- Posted with GameRaven 3.5.1 <cite>MarqueeSeries posted [p:931147266] in Rand Paul ... [t:78228952]...</cite> <quote>Squall28 posted...</cite> <quote>Lol at people getting mad at the idea of having to payoff your own debt. Bail out or bust right? </quote> Well, it worked out well for banks in 2008 But I guess the citizens cant expect the same good fortune, eh?</quote> ... Copied to Clipboard!
sylverlolol 12/05/19 2:07:54 PM #44:	HellRatUFO posted... The epitome of white privilege is white Millennials that put themselves in astronomical debt over art and sociology majors wanting to be bailed out for their bad decisions at the expense of blue collar full-time working black and Hispanic people lol. lmao this is not a problem limited to or even having to do with white privilege, gtfo with that nonsense --- This is my signature. There are many like it, but this one is mine. <cite>sylverlolol posted [p:931147353] in Rand Paul ... [t:78228952]...</cite> <quote>HellRatUFO posted... </cite> <quote>The epitome of white privilege is white Millennials that put themselves in astronomical debt over art and sociology majors wanting to be bailed out for their bad decisions at the expense of blue collar full-time working black and Hispanic people lol.</quote> lmao this is not a problem limited to or even having to do with white privilege, gtfo with that nonsense </quote> ... Copied to Clipboard!
Squall28 12/05/19 2:08:06 PM #45:	Sackgurl posted... would you pay for 3-6% interest debt using assets you invested that should be yielding 6-9% on average, possibly pulling it out of those assets at the wrong times and locking in losses? the criticism seems to be "this is not an effective solution" It's allowing people to payoff debt with a tax sheltered account that includes company contributions. It most definitely helps. Complainers just won't be happy until the government bails out their poor decisions. --- If you're going through hell, keep going. -Winston Churchill <cite>Squall28 posted [p:931147356] in Rand Paul ... [t:78228952]...</cite> <quote>Sackgurl posted... </cite> <quote>would you pay for 3-6% interest debt using assets you invested that should be yielding 6-9% on average, possibly pulling it out of those assets at the wrong times and locking in losses? the criticism seems to be "this is not an effective solution"</quote> It's allowing people to payoff debt with a tax sheltered account that includes company contributions. It most definitely helps. Complainers just won't be happy until the government bails out their poor decisions. </quote> ... Copied to Clipboard!
philsov 12/05/19 2:09:08 PM #46:	Tired-Insomniac posted... "Republican Senator announces bill that will help literally no one. In other news, the sun is bright and water is wet." How does student loan repayment work with regards to taxes? Because one can contribute to their 401k before taxes, and the helper bill would allow one to pay out from their 401k also tax-free... --- Remember that I won't rest, 'til we share the same tense Just know, to me, you're better late than never again. <cite>philsov posted [p:931147398] in Rand Paul ... [t:78228952]...</cite> <quote>Tired-Insomniac posted...</cite> <quote>"Republican Senator announces bill that will help literally no one. In other news, the sun is bright and water is wet." </quote> How does student loan repayment work with regards to taxes? Because one can contribute to their 401k before taxes, and the helper bill would allow one to pay out from their 401k also tax-free...</quote> ... Copied to Clipboard!
Kolibri X 12/05/19 2:09:33 PM #47:	Hilarious. Those dipshits don't plan on anything. --- Platinum GameFAQs Member <cite>Kolibri X posted [p:931147426] in Rand Paul ... [t:78228952]...</cite> <quote>Hilarious. Those dipshits don't plan on anything. </quote> ... Copied to Clipboard!
Romulox28 12/05/19 2:09:55 PM #48:	this is the dumbest shit i have ever seen, rand paul's neighbor really needs to kick his ass again --- https://imgur.com/LhwwG <cite>Romulox28 posted [p:931147440] in Rand Paul ... [t:78228952]...</cite> <quote>this is the dumbest shit i have ever seen, rand paul's neighbor really needs to kick his ass again </quote> ... Copied to Clipboard!
Questionmarktarius 12/05/19 2:10:01 PM #49:	There's two very simple steps that will deal with the student debt problem, quite substantially: stop issuing any more loans, immediately set the interest rate on existing loans to 0%, forever. <cite>Questionmarktarius posted [p:931147446] in Rand Paul ... [t:78228952]...</cite> <quote>There's two very simple steps that will deal with the student debt problem, quite substantially: stop issuing any more loans, immediatelyset the interest rate on existing loans to 0%, forever.</quote> ... Copied to Clipboard!
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Current Events > Rand Paul introduces genius bill to solve student debt crisis: pay it w/ 401k! (+) Yeah! (+)

Current Events > Rand Paul introduces genius bill to solve student debt crisis: pay it w/ 401k!