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/biz/ - Business & Finance

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12173358

Fuck 401ks Anonymous Wed Dec 19 22:50:08 2018 No.12173358 [Reply] [Original]

>>	Anonymous Wed Dec 19 22:51:07 2018 No.12173370 File: 244 KB, 820x324, zoomer45.png [View same] [iqdb] [saucenao] [google] >>12173358 Shut up you're like 14.

>>	Anonymous Wed Dec 19 22:52:14 2018 No.12173380 won't even exist when you're ready to "retire"

>>	Anonymous Wed Dec 19 22:52:42 2018 No.12173387 >2018 >not having a pension

>>	Anonymous Wed Dec 19 22:52:59 2018 No.12173388 >>12173358 Based zoom zoom Fuck bank accounts

>>	Anonymous Wed Dec 19 22:53:29 2018 No.12173391 >>12173380 >stocks won't exist when you're ready to "retire"

>>	Anonymous Wed Dec 19 23:08:32 2018 No.12173494 >>12173358 I’m putting money into my 401k because my employer matches 5% and I spread it in vanguard index large, small and int been making 15% roi. Has anybody ever withdrew everything early how bad is the penalty

>>	Anonymous Wed Dec 19 23:11:02 2018 No.12173512 File: 60 KB, 788x699, 63DDDE46-F67D-428C-8803-AE0AD606896B.jpg [View same] [iqdb] [saucenao] [google] >>12173494 Half

>>	Anonymous Wed Dec 19 23:12:57 2018 No.12173531 >>12173387 >Not having both Only problem is my job is a stressful shithole.

>>	Anonymous Wed Dec 19 23:13:45 2018 No.12173535 >>12173512 Not unless you're in a high tax cuck state. >>12173494 The penalty is 10% plus whatever income tax rate applies to the money itself.

>>	Anonymous Wed Dec 19 23:13:59 2018 No.12173537 >>12173494 If it's traditional you pay the tax rate of the capital gain bracket you're in plus a 10% penalty on top.

>>	Anonymous Wed Dec 19 23:16:09 2018 No.12173551 >>12173388 honestly this. I'm going to the bank and closing my account tomorrow.

>>	Anonymous Wed Dec 19 23:17:48 2018 No.12173567 Agreed. I'm 24 and make a way better roi than what a 401k would

>>	Anonymous Thu Dec 20 00:26:36 2018 No.12174061 This is one of those situations where starting your own company is very worthwhile. You can basically dump lots of money into your 401k and treat it as a corporate deduction.