[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 181 KB, 680x786, 36E1019E-56BC-47D9-9AB4-C5118BF5473A.png [View same] [iqdb] [saucenao] [google]
13515535 No.13515535 [Reply] [Original]

At what point can I start making minimal contributions to my 401k ( just enough for match/reducing tax burden)? I’ve got 33k right now @25 and was aiming for $100k by 30. Would it be a brainlet tier move to only do like 5k/year at that point?

>> No.13515636

>>13515535
Glumpf.

>> No.13516389
File: 342 KB, 720x649, 3BF0FA02-2BA9-4428-87A2-A1D39612A09B.png [View same] [iqdb] [saucenao] [google]
13516389

The question is whether you can create more value with the difference. Take the money and put it into an IRA (gold/btc lol) or open a business or pay down debts instead. Can you do better than the shit stocks you have in your 401k?

>> No.13516540

>>13516389
Are you advocating for him to put money into gold or bitcoin in his IRA instead of owning amazing businesses like Apple, Visa or Amazon?

>> No.13516807

>>13516389
there is no question the fact is ill probably live to be 70 and withdrawl at 60

no sense in leaving millions to someone in a 401k when they have to be retirement age to spend it.

>> No.13516826

>>13516540
>(((Apple)))
>(((Visa)))
>(((Amazon)))