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/biz/ - Business & Finance

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51013810 No.51013810 [Reply] [Original]

Do you contribute at least 15% of your pay to a 401k each month /biz/?

>> No.51013910

I used to do it, but with where the world is heading I don’t actually have much belief that there will be such thing as a comfortable retirement when I’m able to access the retirement account. The way things are going I don’t even know if that shit will even be worth anything or if it will be around at all.

>> No.51013928

>>51013810
I don't even have health insurance, dude.

>> No.51013929

>>51013810
kek.
good one.

>> No.51013957

>>51013810
Only invest in USA. Everything is else is shit

401K is a good vehicle to put tax free monies that grow tax free. Problem is getting money out of it before retirement age.

I regret not getting into a Roth IRA sooner.

>> No.51014074

>>51013810
no, I have a 403b that doesn't let me allocate to anything but retarded ultra-conservative mutual funds and money market funds. at least my job does a flat 10% contribution w/o matching so I don't have to waste any of my money on it to get the benefit.
I do split around 40% of my pay between an IRA and my trading account though.

>> No.51014217
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51014217

>>51013810
I swear to god, burgers and their get rich slow schemes...

>> No.51014242

>>51013810
If you're lucky you'll be allow to access it (after tax) when you're 80.