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this is a ponzi scheme, taking clients money, playing poker with it, and losing. one, it should have been regulated. two, you had the whole idea of missing out. from kids to adults, everyone believed it, and no one knew what they were talking about at the end of the day. it s sad, but it s going to continue to reverberate. martha: i think there was a feeling on the part of more mature investors, shall we say, they didn t want to get involved with this, although some did. younger people, i made $16,000 last weekend. you know what, it s a tough lesson for them, but perhaps a good lesson in some ways to make sure you know what you re investing in. this is their business practices at ftx, according to mr. ray. auto deleting email communications. he had set it up so the things that he was emailing about, or texting about or whatever, would be automatically deleted in short order. emoji approvals for employee payments. need to get paid, you message
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todd: 401(k)s and iras. you talk about that all the time. it is money over retirement. if you belong to a 401(k), you could put away $19,000 to put money away for retirement. make a final year and contribution and take advantage of that. if you are an employer you can contribute employee payments, a great benefit to give to your employees. give money to the government. two pieces of advice, you have to analyze and file early
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