It’s bullshit that the meta for wealth amassment is stowing away money for 30+ years straight that I will only be able to use after I am 60 fucking years old. I’ve been debating just investing everything in a taxable account and physical commodities and saying fuck the Roth IRA but the tax-free withdrawals make it so ignoring the Roth would be fucking retarded. So instead what I have to do is allocate so much capital over such a long time that won’t even be liquid until I’m fucking 60. I’m 27 and barely net $500-1,000 a month after expenses. How the fuck am I supposed to save for the down payment on a house? Would it make more sense to prioritize a taxable on the frontend until say my mid 30s, building liquid wealth until I can more comfortably contribute to a Roth? This entire scheme seems like a jewish way to delay people’s access to liquid capital.
You're starting to get it now aren't you goy? Put your money in the system so bankers can take profits today while handing you future promises that will never materialize.
>>61225643they exist not for you to amass wealth, but because pensions are unsustainable
>>61225643Thats why you only contribute up to the employer match and then slowly convert that into a ROTH IRA. Yeah it's fucking gay, but my 401k is up 35% which is ridiculous so my profits will trickle into my ROTH conversion slowly.Im literally 6000 per year away from being in the 20% tax bracket, so that's the most im able to roll over while paying a 12% tax now, then have my growth be considered tax free.
>>61225643Fortunately for you, Congress has made it all very simple. - Contribute to your 401(k) up to the employer match to get the free money- Contribute to your Roth IRA up to the contribution limit (~$7k/yr iirc) to get the free withdrawals.- Put the rest of your spare cash into a taxable brokerage account to get pre-retirement gains.ez pz
All this board does is bitch about how their parents and grandparents are worthless and didn’t leave them a trust fund. Now you have the chance to change that for your kids and grandkids in a tax advantaged way, will you?
>>61225643>How the fuck am I supposed to save for the down payment on a house?the roth ira has a loophole which allows you to withdraw $10k of penalty free earnings IF you use it to buy your first home. it was a feature added for people just like you.
>>61226966>10k>towards a homeSo, fucking nothing lmaoMaybe 50 years ago
>>61226966wow amazing
>>61225643grats. you figured it out. it's all a big scam to get young people to lock up liquiditystarting a retirement account today is beyond retarded
>>61225643You probably failed the marshmallow test as a child You are a nigger
>>61227473>t. boomer slurping up anon's "retirement" as pension welfare gibs
>>61225643I paused retirement until I could buy a shitty house in cash. Now with shelter paid for I save all my pay in retirement and regular brokerage. Personally I believe social security programs will be looted to insolvency by niggers which is why I save. Good luck anon, it's not easy in this accursed jew world.
