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Trump tweeted about retirement funds and got it hilariously wrong

Trump tweeted about retirement funds and got it hilariously wrong

Donald Trump asked his 70 million followers how their "409K'S" were doing, and people were beyond confused.

The now-deleted tweet was posted this morning in reference to the stock market being "at all-time high", and the president took the opportunity to shame people whose investments were "only 50 per cent up".

But what is a 409K? Do I have one? Should I have one!?

And why was the tweet deleted?

We set out to investigate.

One helpful Twitter user pondered whether a 409K had something to do with a covfefe.

Others questioned whether it was a type of multi-surface cleaner designed to kill 99.9 per cent of bacteria and viruses.

And a further budding investigator hypothesised a link to the president’s health stats.

As it turns out that a 409K appears to be just a typo. According to Trump's follow-up tweet, what he really meant to ask about was our of a 401(k) – a type of retirement fund account introduced by President Obama and offered by employers with tax-free investment earnings and withdrawals.

But delightfully, Twitter users refused to let it go.

So in summary, a 409K isn’t a thing at all, a 401(k) is a pension scheme, and if you’re American then maybe you should have one, it might come in handy.

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