Retirement accounts are the result of scumbag companies not wanting to give workers a proper pension to hold them over in old age. They instead opt to give you some chump change to go gamble with in the IRS tax casino where they rape you before, during, and after in the form of income tax, early withdrawal penalties, and capital gains on any money your account may have made. They want to tie up as much of your money as possible in these accounts so you can't use it for something better AND they want to tax the shit out of you for even daring to use it before you die.If you disagree then explain how I'm wrong. Explain how this is ANY different than just having a normal investment account where you buy and never sell. You have to count on some "fund manager" to not lose your money while HE gambles with it in the stock market. And what will you do if it gets wiped out in a stock market crash? You're utterly fucked if that was the only proper savings you had.Explain why I shouldn't just take MY money and buy oil and precious metals with it? Explain why I should just hoard it all and put it into treasury bonds or ANYTHING else that won't just implode suddenly?Trying to be financially secure is hell enough without a black swan looming overheard ready to wipe you the fuck out.
I completely agree, TSPs are at least decent all things considered. But I still blame the jews.
>>62731621I'm up 50k in my retirement accounts.Meanwhile I'm down 3k in my crypto accounts.I'll stick to index funds thanks
>>62731631Even those are limited to government employees only. I'd say not at all worth the risk of working for the feds. I know federal employees don't even make that much.
>>6273163350k that you'll still be taxed on, assuming a market downturn doesn't erase your gains.
>>62731644Lucky I have a comfy federal job that allows me to put a good amount away. They even match for 10%.
>>62731649That sounds pretty good. I just resent how they'll tax the fuck out of me. Bad enough the swindle so much income tax before I even see it, but the taxes for a 401k could easily be far higher in 20 years and put me in the poor house on account of that if it doesn't at least keep pace with inflation on top of them taking a fat slice of it.
>>62731677It would make sense if we were locked into a take rate and that tax rate was only applicable to your retirement. Imagine in 20 years that retirement account would be worth fuck all due to inflation and to be taxed on top of that is bullshit.
>>62731621Rape is the most nature form of sex, fuck is totally artificial and gay and stupid and it is also using insemination and ivf and all sort of gay medicine to have kids.
>>62731621Its called a brokerage and yeah you can do that. Matter of fact, you can just buy a gas station, indians do it all the time
>>62731743>Rape is the most nature form of sex, fuck is totally artificial and gay and stupidRape is bestial and subhuman.>>62731697It only seems half worth it if your employer offers a good match, that way their contribution takes the blow from the taxes, but even then your contributions don't really account for fuckall after the fact.
>>62731772This is all assuming hyper inflation hasn't hit yet and we're living in 1920s Weimar Germany
>>62731777checkdThat, and simply getting stiffed by the man makes the whole proposal seem like a scam. I'd rather put my money in something tangible, like land, and guns, and equipment. Things that won't instantly turn to shit because some magic numbers changed colors.
>>62731784I've been thinking of converting my entire TSP into gold. But I'm not sure that's a good idea.
>>62731787Might not be the worst idea with the zog nations hinting at starting ww3 and sending all the whiteys to their deaths.
>>62731793The only thing that's preventing me from doing it is that gold has lower long term returns and since I'm a "nothing ever happens" chud, I dont think that's a good idea.
>>62731806Shit only happens for the benefit of jews, war the east fulfills that
>>62731621I only use a taxable brokerage and a Roth IRA. The Roth max is small and I’d rather pay the taxes up front. 401ks have always seemed gay to me and theres a vestment period.A 401k ties you to job continuously in order to reap the benefits that 401ks purport to offer while also having no optionality
>>62731814>I only use a taxable brokerageIn laymans terms?Can I open a roth IRA and max it out ASAP without getting my penis slapped?
>>62731811Your probably right but nothing ever happens.
>>62731821I would tell you to try silver instead but I'm hoping it stays low or goes lower so I can get more. But it has potential to go as high as gold if the conditions are right.
>>62731832I actually have 32 ounces of silver, silver in my opinion more important than gold. People don't realize this. Buy the dip brother. 65 an ounce is dirt cheap for what's coming.
>>62731854I've got over 100 currently, I'd like to get to 200, but it stings because I remember when it was under 35. I won't stop though, I'll power through it.
>>62731859Yea same, I should have bought silver during pre covid, I'm hoping to get to 100 ounces by the middle of next year.
>>62731621>early withdrawal penaltiesnot for all accounts like the 457b - no minimum age to withdraw penalty free, just can be working for that employer any more. Also, you can ROLL your IRA/401k into an existing 457b and remove the minimum age limit (check with a certified financial advisor but you can figure it out). And you can do your own investing in your retirement account and grow it very fast, or lose it if you retarded. You can make good money and retire early and 'live' in a state with no state income taxes.
>>62731817With a Roth IRA you pay the taxes upfront and do not have to pay any capital gains or income tax when withdrawing after 59.5 years of age. But, if you wish to withdraw prior to that you can but only for however much you have deposited in, not the interest. Basically 100% tax free since you already paid taxes on the money you deposited.
>>62731772> Rape is bestial and subhumanAll animal is animal, include human or subhuman. Equality must prevail. Enjoy your laboratory made little babies that have zero genetic features of you, also might have a little bit of autism due to lab made side effects l.
The worst is the hsa
Children in this thread. You know nothing.Pensions are for retards - feds, mil, civil service. Maxing Roth 401k and Roth IRA is a much better option over a pension if you have any heirs or beneficiaries you want to pass down to. Pension you can die the day it begins and its gone. Even if you live to 100 thinking you made out like a bandit with your pension, if your 401k/IRA compounded that long you are rich as fuck. Then 401k/IRA passes down to your beneficiaries. Pension gone with the wind.
>>62731633>im down on crypto before the bull market startsno shit dumbass
People who don't understand retirement accounts are retarded. Like you OP.You do realize you can buy oil, precious metals and crypto ETFs in your retirement account, right? Or individual oil producer, metals miner and crypto miner stocks if you wish.You don't have to buy the big index like a boomer.
