>pour decades of money into your 401k>accrue capital that is gained over the long term>want to pull out at retirement age>its taxed as ordinary incomewhat kind of bergstein came up with this racket?
and thats in best case scenario todayimagine how shitty its going to be in 20-30 years from now when millennials retire
Bro they give you a choice to do either way
>>61249304>>61249308alternative - fuck the 401k (but dont leave money off the table from your employer), pay the tax now, max out every penny in your brokerage, get long term cap gains and only pay 15% to pull out ANYTIME
How many of these fucking retarded 401k threads need to be posted on biz?You are deferring tax on your ordinary income (wages) to a future year when you will likely be in a lower marginal tax bracket AND not paying capital gains on your earnings.Insane to be on a board called business & finance and you faggots wouldn't pass a 101 level business course in university. This has to be trolling at this point.
>>61249304Millennials will not retire, I'm predicting we switch to a system where elderly emo chicks will switch to part-time senior hr advising work when they're in their 70s to help the gen Delta genetic refuse figure out how to use computer.
>>6124937498.7% of terminal fucktards on this board came from /pol/, thereby killing the board, and this is what they post.
>>61249374i haven't seen a 401k thread on here in weekssounds like you're here every minute of the daytouch grass
>>61249455I get plenty of time to touch grass since I work 100% remote. And since I'm highly compensated, I also understand how a 401k works and max it out. Have sex, incel :^)
>>61249494loli'm married you retarded coomeragain touch grass
>>612492881 of 2 cashed out for silver. My smallest and 2nd smallest 401ks. Waiting on the deposit to clear on number 2 as of today before I buy more silver.I have more 401ks I'm willing to gamble with though.
Isn't that the point of Roth 401k's? You get taxed now instead of later?Also employer matching a portion of contributions.
>>61249288>large investment firms that want to use as much of your money as possible for investments>no tax so there is more money to invest>a fee for leaving early to dissuade you from leaving and so make it more likely they will have more money to work withI've been thinking of cashing out lately though. Even with income tax + 10% early withdrawal penalty I could probably do better than the s&p 500. For what it's worth, you can "withdraw" early with no penalty if you do some select things like buy a house or experience a hardship
I made barely enough to max out my 401k and Roth IRA and maybe a couple grand more. I’ve instead been maxing out just the IRA and using the rest on my regular brokerage account in case I wanna sell for a house down payment eventually. Is this a bad idea? I get no match btw
>not quitting your job and rolling your 401k over into an ira to both fuck over vanguard who used the money to buy voting power in our public corpos (they own the shares in your 401k but they vote in your best interest goyim) and also quadruple it by full porting into gold miners last year.Get on my level plebs.
>>61249288>Pour money into Roth 401k>Pay income taxes on it now>Grows capital gains free>Pull it out in retirement with no taxesOr alternatively if you’re paying over 30% marginal tax now it makes sense to do a traditional 401k and take the tax benefit now, assuming you’ll have lower income in retirement.
>>61249698You can withdraw a portion, not all of it, due to hardship. And generally you save the 10% fee, but not all taxes.
