Trump Asks, 'How Are Your 409K’s Doing?' FinTwits Respond

The financial services Twitter community had a lot of fun with one of President Trump’s latest tweets, where he said the stock market was at an all-time high and asked, “How are your 409K’s doing?” The president later realized his typo and deleted the original tweet. He posted a new tweet, correcting it to “401K’s.”

But the jokes poured in despite the correction. Here are some of the highlights:

My 409K is booming because of its diverse portfolio that invests in magic beans, the leprechaun industry, and time machines. My 401K? lol I'm a millennial I don't have one of those. https://t.co/lIIbVrzdEr
— Max Power (@lmaxpowerway) January 9, 2020

Dear @TDAmeritrade I'd like an update on my 409K account, slide into my DMs when data is ready.
— Andrew Thrasher, CMT (@AndrewThrasher) January 9, 2020

OMG The WORLD IS FINALLY GIVING ERISA THE ATTENTION IT DESERVES https://t.co/K8QbNFTdEW
— Micah Hauptman (@MicahHauptman) January 9, 2020

I have set up a cofveve with my financial advisor to review the investments in my 409k
— Bruce Mainzer (@bmainzer) January 9, 2020

The maximum contribution to your 409k has increased by 8k in 2020
— Ramp Capital (@RampCapitalLLC) January 9, 2020

Tweets are for informational purposes and should not be considered investment advice. Past performance is not indicative of future returns. Please consult your financial advisor to discuss your specific 409k performance. #409k pic.twitter.com/XWE6yS5woi
— Matt Trogdon (@Matt_Trogdon) January 9, 2020

Many folks pointed to Section 409 (k) of the tax code, which applies to withdrawals from tax credit employee stock ownership plans.

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Trump Asks: 'How Are Your 409K’s Doing?' and FinTwits Respond

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