THE BASIS POINT

Trump’s 409K Tweet Belongs In The Smithsonian

Trump 409k Tweet Belongs In Smithsonian Michael Batnick The Basis Point

Our president posted a financial planning tweet yesterday worthy of The Smithsonian. This according to financial planning pro Michael Batnick whose response easily wins tweet of the week.

Trump tweeted how “…your 409K’s…” must be up, like, more than ever in the history of investing.

And in a rare move, he replaced it with a still-wrong “…401K’s…” reference.

It’s all so wrong on so many levels, I won’t even bother to explain. There’s a Marketwatch link below for that.

Which is why Batnick’s tweet is so perfect.

And he knows a thing or two about financial planning.

He’s the research director for Ritholtz Wealth Management, which manages about $1.25 billion in retirement assets for people.

This is bound to include a few 401(k)s.

Talk to him or your nearest financial planner about what you are doing wrong.

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Reference:

Michael Batnick of Ritholtz Wealth Says Trump 409k Tweet Belongs In Smithsonian

Trump: You’re doing it wrong if your “409K’s” are only up 50%

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