/biz/ - Business & Finance

They were heavily brainwashed. Give them understanding.

>>50743518
His son is a frogposter, he is rightfully worried. Ultimately he failed as a father. I hope you get your shit together or that he strangles you to death and gets some satisfaction for seeing the life ebb out of your eyes as you lose consciousness and he's relieved of having a failure of a son

>>50743518
You're crazy for not having a 401k. You are literally and unironically losing money

>>50743518
why the fuck wouldn't you? You don't need to put a lot into crypto. I am putting 25k a year into my 401k and Roth

>>50743518
They're unnecessary. I'm set to make 401k on my own through smart investments during this bear market. You're stupid if you play it slow and slowly amass 401k on your way to 80.

>>50743577
401k isn't a dollar amount in reference to this thread you literal 40iq mouth breather

>>50743518
>>50743559
>>50743577
The 41K Company is INSOLVENT
it is a SCAM

Reminder that the government can just change its mind about how 401ks and IRAs are taxed and you won't be able to do anything about it

>>50743559
>>50743568
>I made 10 million in 5 years from investing in my 401(k)!
said literally nobody ever
poor people contribute to their 401(k) plan. rich people offer poor people 401(k) plans. see the difference?

>>50743737
>btc can go to zero
>stocks can pull an enron
>gold can be rugged by just finding more
>etc
You belong at the end of a rope nigger

>>50743756
You know you can have a 401k for the literal free money and still invest your post contribution income right? Retard

>>50743792
That seem to have struck a cord with you.

>>50743842
No you're just low iq and everyone below 120 should be genocided for the betterment of mankind desu

>>50743819
>literal free money
>moron doesn't understand the time value of money
I mean only you know yourself. You've obviously accepted that you're simply too retarded to get a better ROI than mutual funds (lmfao!!!), so yeah I agree with you, at this point trusting the "experts" with your money is better than trusting your own retarded self. I completely understand.

Enjoy your 401(k) when you're 60 after you've had a hip replacement and diabetes diagnosis! (assuming of course your lucky enough the market hasn't crashed when you want to retire, and assuming the markets managed to beat inflation)

>>50743568
Yeah except that money isn't actually """yours""" until you're at least 70 and the gov't is counting on you croaking before then so they can claim it for themselves.

>>50743792
>Gold can be rugged by just finding more
Lmao

>>50744762
You can access it without penalties at 59.5 you dumb faggot. 72 is when they start requiring withdrawals.

>>50744824
It's still retarded, and if you're honest with yourself all money is just a zero sum, you'd have to admit you're brain damaged to lock your money away so you can't use it until you're near your deathbed.

https://militarymoneymanual.com/how-to-time-the-market/

>>50743737
And the president can just force the military to take your guns

It’s all a ponzi but I match the minimum my employer does, nothing more. After that ill invest whatever I want. So do the math. Also depending on who you use for your 401k, you can choose the fund. My employer uses Fidelity, so I went in there and chose some fund that matches the basicaly the highest growth of mostly tech stocks. I don’t remember nor care desu because it’s minuscule. None of that bullshit diversification horseshit. If you’re going to take your employers measly matching 401k money, aka the ponzi that they use to “give you hope for the future” make sure it’s all in big dick tech stocks. Nothing else. None of that other bullshit

>>50743518
I have a 401k plan and I don't really see the problem. I don't really spend much money anyway so I always have something left over at the end of the month and I just do the 6% the company matches. Even if I'm too old to enjoy the money myself my kids can use it to have a better life.

>>50744180
>>50744762
You fucking niggers need to go to back
You can't even "beat inflation" you fucking nigger baggies. NIGGER

>>50743594
>>50743792
>>50743866
>>50744824
>>50744868
>>50744921

>>50743756
>put 20k/ year into 401k
>untaxed so 4k for free
>company also matches 4%
>that extra 40% compounds
>after 5 years gain more than penalty

sorry u never figured out the math for that
Also

>open roth
>max 6k a year
>tax free gains after 5
>put all in 3x leveraged QQQ
>after 5 years it's 90k invested
>no tax on gains

You can even loan against it

>>50743518
your dad grew up in a world where it was crazy to not have a 401k
he doesn't have a problem, he loves you :^)

>>50744824
>You can access it without penalties at 59.5
To most people on /biz/ that means locking their money up in a government system for another lifetime. Sounds retarded doesn't it?

>>50743518
it depends. if youre going to work until youre 65 then you would be one retard to not have one otherwise if you have plans to take that money and flip it then no problem

>>50743518
If your company offers you a 401k match and you don't take advantage of this, you are retarded. I cannot believe we're on a business and finance board and the hogs in this thread are screaming about how a 401k, one of the best investment vehicles you can take advantage of, is a government scam.