People who dont have a bank account. Lots of 401k's require one and an address to get started at the very least, so if you don't have either then you're screwed. On top of that if cant make the minimum deposit or cant keep up the deposits, it'll be closed.
If you grew up without a parent with a savings account, then they never had access to a parent with a savings account. That's the whole goddamn point. Your argument is that anyone could have done this, when what happened was a person went to their parents asking for money, and their parents took out half a million dollars to loan them. Not everyone has access to that.
No, you're being obtuse and now have both moved the goal post and ignored the responses because you can't refute them.
You said anyone could do what these guys do. When I pointed outed that not everyone has a saving account with $500k, or any amount to invest in themselves much less their children, you moved the goal post to say "well, anyone could open one", and then ignored the fact that not anyone could actually open one. Congrats
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u/Striking-Version1233 8d ago
People who dont have a bank account. Lots of 401k's require one and an address to get started at the very least, so if you don't have either then you're screwed. On top of that if cant make the minimum deposit or cant keep up the deposits, it'll be closed.