- His disclosures, both from his final year in Congress and his time as Minnesota governor, also show no mutual funds, bonds, private equities, or other securities.
- No book deals or speaking fees or crypto or racehorse interests.
- Not even real estate. The couple sold their Mankato, Minnesota, home after moving into the governor’s mansion, for below the $315k asking price).
That’s insane.
Like, no 401k or Roth IRA? Dang. I’m fuckin hard.
Their only investment assets appear to be via state pensions, including teacher pensions.
He also retired from the Army, and likely has a pension from that too.
If I could retire without needing to know the difference between ETFs and mutual funds, I would be soooo happy
If you’re under 42 you can always grease the gears of war and join the military. Fat pension and great healthcare!
Pensions are still indexed to the stock market in a way, it’s just someone else who’s controlling it for you. And I guess there is meant to be an extra protection of “the government says this is your money, even if they bungle their investment.” How that works in the real world, I’m unsure. I imagine lots of days in court.
There are issues that come with pensions, all of which could be easily solved if the will was there. But it’s not, so they’re real issues unfortunately. See: Chris Christie fucking over NJ State Workers (https://www.nytimes.com/2015/06/10/nyregion/christie-wont-be-forced-to-make-pension-payments.html
Many (most? Not sure) government employees at the state or local level don’t receive pensions anymore
My dad did that. He was in the Navy, then went into the Army National Guard, and finished out in the Army Reserves. He retired an E-8, plus he retired as a civil engineer working at the local VA hospital, so he pulled two pensions like that. Buuuut, he and my step-mum were good with money and definitely invested. I don’t know all the details, but there were stocks and bonds. He would have loved Tim Walz. Sadly, he passed before Trump happened, but I know he would have hated him. Don’t worry, dad, we’ll protect democracy.
I’m shocked he doesn’t have an IRA (unless that doesn’t count). Given his previous jobs, it passes the smell test that he doesn’t have a 401k.
I’m sure his pensions are invested in a wide range of stocks and bonds, but he doesn’t directly hold them.
And pension funds are generally invested broadly enough that the only way a politician could “game” them is to just improve the economy as a whole. Which is like, one of the main things people want their elected officials to do.
Military/feds have TSP, it’s essentially a 401k.
If he was 20+ years military reserve he’s got a lot in there. I think he started in 1981 tho. And I’m not 100% sure how long tsp has been happening
He was in the Army National Guard, so would have received those benefits when activated, which he was for short periods aside from normal training requirements, but wouldn’t have as much as you’d think since he only was paid when training or activated. Also, contributions for uniformed service members began in 2001. Also also, it’s optional.
Not having retirement savings of some kind would be…not great.
But as someone else said, if he has military pension, that may be good enough.
And military pension.
edit I totally spaced on the orginal comment mentioning the military pension. No regrets.
He did 20 some years in the reserves or guard.
That means he has tsp money, it’s the government 401k essentially.
I mean, he might not, but it’s incredibly rare not to have tsp especially after 20+ years of service.
TSP contributions for the uniformed services didn’t start until 2001, it’s optional, and he only would have had deductions when paid for his training periods or any activation periods. The disclosures say no stocks or bonds, and TSP’s investment are only in stocks and bonds.
Okay yeah I’m super happy that Harris replaced Biden on the ticket and everything, but the more I learn about this guy the more I want him to be actual president. VP’s certainly a good compromise for the circunstances though!
Everybody in MN has been saying Walz needs to run for president for years now. But, being a relatively unknown guy from a flyover state it was kind of a pipe dream. I’m hoping now that everyone is seeing him, getting to know him, and obviously loving him that he’ll get his chance in 4 years to run for actual president.
Give Harris two terms to cook, but I otherwise I’m on board. The guy seems awesome.
By that time he’ll be 69. I know that’s not unpresidented ~(fully intended)~ but I’d still rather see him as president before he’s fully geriatric.
After two terms of Harris the US (barring civil war) might be ready for a Buttigieg/AOC presidency
Wow. Does that mean politics is his main job? Like full time?
I didn’t knew the US still has politicians like that. Most of the other clowns there seem like they treat politics as a minor side hassle.
I looked at his open secrets page, and his biggest contributes are like 5k, and an association of orthopedic surgeons was at the top of the list.
I’m honestly still shocked we got someone this “clean”
I know this is me being unhinged, but when they’re that clean, I get stuck on wondering what they might be hiding. I think I’m broken, I can’t accept the possibility that he might just be a good dude.
He did speak at an AIPAC conference, but that was like 2010 or 2011.
And while he was a little to pro-Israel at first, he’s changed course somewhat. And publicly commented on the “uncommitted” protest vote in his state and said it’s a sign that we need to listen to voters.
And hell, after Biden just being open to a dialog makes this guy seem amazing.
Still happy to have him on the ticket. But even if it was Bernie/AOC, I’d still criticize them, if the only pressure on Dems is to go to the right, we can’t blame anyone else when the party keeps going right
$5,000 was the most he asked for when he did a fundraiser for the Harris campaign on Monday
The incredibly high cost of running for President means that he’ll be asking for more now though. Stinks that we have the system we do.
How can we trust him to look out for the interests of the capitalist class?
Everyone has a price. For example, I sold my soul to a friend in highschool in exchange for a stick of gum.
Guy like Tom Walz? Probably about 13 sticks of gum
Are you the friend that sold me his soul in high school for gum? Cause I still got it.
I knew a guy in high school who did this once. Now i’m questioning if I know you.
Expect the corporate media to go hard against him using the “sochalist” attacks because he’s already proven he can’t be bought and that scares the shit out of the billionaire ruling class.
He can flat out tell them that those companies aren’t investing in America.
They all cry about paying taxes, they move their headquarters to “tax haven” countries as soon as they can. If the local gov’t tries to get them to pay their fair share they will move the entire company and put all their workers out of a job.
They gleefully pollute the land. They do everything possible to get out of paying workers, or paying benefits.
They get laws passed so they can fire their workers without reason.
They hire workers from other countries to replace American workers and pay those workers a tiny fraction of what they pay American workers and make their American workers bend over backwards when the work is sub par.
Who is investing in America now?
Investing in America would mean sending each and every exec to jail for life when their inevitable actions are detrimental to America and those who call it their home.
