Message from @Smoke
Discord ID: 637804592683286588
401k is like an IRA
its a tax advantaged savings account, the money grows tax free and you never pay capital gain on the increase
ive know a couple of jews befor
none making over 200k
<:oof:399031884312739841>
yep 401k is like free money
its like the government saying
more like 50k and tight with money
'you can invest this and you'll never pay anything on it, but you can only put so much in'
what can u do with a 401k
basically its so that everyone who works can have a million dollars when they retire if they really try
what's the point of it
that's the idea
the only thing that sucks about 401 is its not liquid and linked to the stock market
<:black_pill:565703068478341151>
oh so like freeze money u mean
stocks tank you fucked
have a event where you need it cashed
you fucked
<:honkpilled:558686758875824130>
that's my plan
based
i'll contact mossad
and really if your under 50k mark you dont have the cash to put in said 401k
see if they are hiring
im not gonna make it past 20 <:CHAD:396569198404435969>
shut up
imma become a neet med
Damn I need to sign on with the labour party
<:CHAD:396569198404435969> <:CHAD:396569198404435969> <:CHAD:396569198404435969>
Labour party baseeeddd
Moving to the UK to subvert the labour party brb
heres an example, say you invest
yo baste
after 30 years, most of your savings are actually growth from investment, not your original contribution
so capital gains will take a fucking massive bite out of your savings
Ok I should actually go
Why does it have to rain?
lol it's early in canuckistan
it's 1:09 here in britbongland