>401(k)

>401(k)

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  1. 3 weeks ago
    Anonymous

    >i cant wait until im 67 years old so I can enjoy all my compounded investment gains!!!!!!!!!!

    It's scary how most of the population doesn't comprehend age and how worthless money will be to you in your 60s/70s compared to your 20s/30s

    >b-but muh health care costs! you need more money when you're older for all that stuff !!!!!!!

    Yeah, this argument is always used, but it doesn't even address what I'm talking about.

    The real honest truth is, who the frick cares if you have a big made it stack in your late 60s? You're an old man now, you never got to enjoy having a made it stack in your 20s and 30s, so it means nothing now.

    $10 million dollars at age 25 is worth more than $10 trillion dollars at age 65.

    • 3 weeks ago
      Anonymous

      if you get a match from your employer it's a free raise so take it. But like said I'm not waiting to use this until I'm dead. Retiring soon and will make use of it with tax exemptions that are available.

    • 3 weeks ago
      Anonymous

      Yeah I'm sure being 67 and poor because you gambled your savings on shitcoins and lost will be worth it dumbfrick.

      If just contributing to your retirement accounts makes it so you can't save for other things you want to enjoy NOW than you're a fricking broke b***h and have bigger problems.

      • 3 weeks ago
        Anonymous

        Also life doesn't stop when you're sixty. Slows down sure. Take care of your body and mind so you can actually not be a miserable husk at 60 and share your cash with your beautiful family. Dumb poorhomosexuals can't into risk management.

      • 3 weeks ago
        Anonymous

        Also life doesn't stop when you're sixty. Slows down sure. Take care of your body and mind so you can actually not be a miserable husk at 60 and share your cash with your beautiful family. Dumb poorhomosexuals can't into risk management.

        You don't understand what I am talking about at all. You completely failed to comprehend the point I'm making.

        • 3 weeks ago
          Anonymous

          No shit your point is obvious. "money and more time is more valuable than money than more time" like no shit Sherlock but you're wrong that most of the population doesn't grasp that. Do you think that's some enlightened stance?

          • 3 weeks ago
            Anonymous

            Most "safe investor" min-maxers who are organizing all of their investments are doing it so at a 40+ year objective to where they hope to have a golden nest egg when they're old.

            Why would you deny this reality?

            The point I'm making is, I would much rather risk everything trying to make it while I still have my looks, energy, health and overall youth, than go for playing it safe to be "comfortable" as an old man.

            My grandparents are all multi-millionaires and their lives are no different to the average poor old person who didn't never invested. No amount of money can save you from the aging process in later life. There might be some health-obsessed billionaires who can try, but most of their results are just their genetics, not because they spent money, but the point is, you cannot buy YOUTHFUL essence and energy. You get this for a few decades and that is it

            The best life is to have that golden nest egg you want at 60 when you're in your 20s/30s. That way you can actually enjoy your peak adult years living life in the best way possible instead of wasting it all just grinding away to safely accumulate a bag for when you're old

          • 3 weeks ago
            Anonymous

            Not that dude but say I'm under 35 with a decent job. Is your advice to yolo all savings into the stock market? What about political or real estate turmoil that another anon brought up?
            I get and agree with you, life is to be lived. Problem is that money has to be committed somewhere in the meantime to grow anyways

          • 3 weeks ago
            Anonymous

            if you aren't rich in your 30's you fricked up.

          • 3 weeks ago
            Anonymous

            >The best life is to have that golden nest egg you want at 60 when you're in your 20s/30s. That way you can actually enjoy your peak adult years living life in the best way possible instead of wasting it all just grinding away to safely accumulate a bag for when you're old

            that's hoping too hard homie

          • 3 weeks ago
            Anonymous

            Yeah it is, but id rather try everything in my power to get that instead of just saying "eh frick it" and just DCAing into a 40+ year investment strat where I dont see any of the rewards until im an old fart

          • 3 weeks ago
            Anonymous

            being rich at 40-50 is better than being rich in your 20s-30s
            old fart here. shit is disgusting tbf

          • 3 weeks ago
            Anonymous

            >being rich at 40-50 is better than being rich in your 20s-30s

            Objectively false

            Yeah you can still be good in your 40s-50s if you stayed healthy, lifting weights, cardio etc, but you're still in the last stages of that youthful peak.

            The prime youthful years are 20s/30s at the latest, and that is where being rich is the absolute best.

          • 3 weeks ago
            Anonymous
          • 3 weeks ago
            Anonymous

            Surprised this thread are still around.

            So newsflash -- people are doing this because making it through picking just the right investments for most people is basically not viable. Even us "le based cryptobros". The state of western society has pushed us to a point where most people will be forced to wage until they are 70 and then die. It's totally possible to make a great chunk of change doing nothing but investing in the S&P. Because here's the reality -- for almost everyone under the sun, their efforts are almost always better put in increasing their work pay vs side ventures. Right move can bump your pay up every few years.
            The second part of this -- not everyone works full time and finds it miserably awful and stressful. If they can make the money they need to live the life they want outside of it, then that's fine.
            Your premise on time and money is sound. But your logic on why investing in stable growth is bad is way off base. It's realistic for high wage earners to make enough to not have to work nearly as much if at all is pretty sound with S&P gains and you could easily be fine as a single educated man in his 50s provided you don't waste your 20s. I still speculate on risky assets but I still also invest in my 401k just in case as it is an asset I can get loans from and adds stability to my long term future in case something doesn't pan out. As I said, if you can't invest a bit into your retirement and work towards making a frickton elsewhere, you're a poorhomosexual. No other way around it.

      • 3 weeks ago
        Anonymous
    • 3 weeks ago
      Anonymous

      >employer matches 3x
      >taken out before tax
      Why would I NOT max it out?

      You are somewhat correct if you are a hedonist and plan to reach retirement age broke but you don't care because you plan to kys by then.

    • 3 weeks ago
      Anonymous

      I'd be more worried about the dollar's devaluation
      100k today will probably be worth 10k in 40 years

      • 3 weeks ago
        Anonymous

        That'd require an average inflation rate of 6% over 40 years. That only happens if the Fed has completely failed at their job.
        What the Fed aims to do is that your 100K today would be worth 33K in 40 years. That would be fine, wholesome and conductive to a growth economy.

      • 3 weeks ago
        Anonymous

        >100k today will probably be worth 10k in 40 years
        Easily my favorite kind of IQfy prediction.

  2. 3 weeks ago
    Anonymous

    people buy ETF averaging +7% a year instead of buying any top 10 asset by marketcap which averages 30-50% a year
    are people dumb? do they fall for le reddit investment advice and also buy bonds?

    • 3 weeks ago
      Anonymous

      the entire retirement apparatus is a massive scam. millions of wagies are strongly encouraged to funnel money into these piece of shit funds that leech fees. Billions of dollars are parasitized this way, and reinvested by the perpetrators to further solidify their grasp on the financial system. morons will smugly tell you how their investments in these funds are "safe" and that anything else is gambling. Little knowing that their false sense of security hinges entirely on the solvency of a pack of deranged scammers

  3. 3 weeks ago
    Anonymous

    I'm 30 and I don't think locking my investments and financial well-being into the american financial system is worth tax drfferment. It's great for normie morons though, but the way things are heading politically I would be careful of getting rugpulled. This includes employer matching.

    • 3 weeks ago
      Anonymous

      perfect, because you dumb Black folk have been on this site saying the same thing for a decade now and in the meantime I've become a millionaire from nothing

  4. 3 weeks ago
    Anonymous

    >~~*Roth IRA*~~

    • 3 weeks ago
      Anonymous

      It's literally in the name and nobody bats an eye.

      I only throw money into my ROTH that I've accumulated tax free such as Pokemon card sales from my youth, FB marketplace, cash from mileage reimbursement from my wage cage, etc..etc.. so that way I NEVER pay tax on this money. As far as the government knows, I've already paid tax on the principal amount I put in.

      Also, this is a completely fabricated story and I like to make up fairy tales on the internet to make my creative writing better.

  5. 3 weeks ago
    Anonymous

    What my bags are gonna be if super hits 10 bucks ath
    thanks for reminding me anon

    • 3 weeks ago
      Anonymous

      that's like a full glass of copium right there

  6. 3 weeks ago
    Anonymous

    >Roth 401(k)

  7. 3 weeks ago
    Anonymous

    you guys always talk like if we actually had a chance to begin with, if you dint get early to the fundamentals then you are pretty much fricked, stop cooing ffs

  8. 3 weeks ago
    Anonymous

    I match my 401k at 4% and max my Roth IRA

  9. 3 weeks ago
    Anonymous

    401(gay)

  10. 3 weeks ago
    Anonymous

    If you look at the median 401K balances by age, you'll quickly realize it's a societal collapse waiting to happen.
    The overwhelming majority of 401K holders will become completely dependent on social security checks, with zero fallback available.
    Millions will be entirely at the mercy of a government who's frequently under the control of a party who has recurring fantasies of gutting social security.
    The only upside? I'll easily be able to get a full contingent of 70-year old servants for pennies on the dollar.

  11. 3 weeks ago
    ToadVine

    >Financial Planner. Hire one.

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