Message from @Medman

Discord ID: 637803599849717811


2019-10-27 00:01:58 UTC  

<:AIDS:397209911567581185>

2019-10-27 00:02:04 UTC  

just make close to 200k for more than a decade

2019-10-27 00:02:08 UTC  

for a while

2019-10-27 00:02:11 UTC  

yep

2019-10-27 00:02:13 UTC  

and invest well

2019-10-27 00:02:14 UTC  

thats the plan

2019-10-27 00:02:16 UTC  

and you'll be good

2019-10-27 00:02:17 UTC  

boomer wealth

2019-10-27 00:02:32 UTC  

401k is a huge giveaway

2019-10-27 00:02:42 UTC  

people think the tax deduction is the benefit of a 401k

2019-10-27 00:02:46 UTC  

but thats bullshit

2019-10-27 00:03:00 UTC  

the real benefit is the money grows tax free, ZERO capital gains tax

2019-10-27 00:03:03 UTC  

@Medman def poor as shit but ive worked for ALOT of millionares

2019-10-27 00:03:13 UTC  

ppl with real money

2019-10-27 00:03:16 UTC  

the benefit is zero capital gains tax and employer matching

2019-10-27 00:03:26 UTC  

when can you cash out your 401k tho

2019-10-27 00:03:27 UTC  

and you can rebalance your portfolio at any time with zero tax consequences

2019-10-27 00:03:33 UTC  

yep nerth

2019-10-27 00:03:38 UTC  

my dad chastises family friends who don't max out their contributions every year lol

2019-10-27 00:03:43 UTC  

zero capital gains is HUUUGE

2019-10-27 00:03:48 UTC  

@esotericpazuzuism then u noticed they all wear little hats and rub their hands so u became a nazi

2019-10-27 00:03:57 UTC  

he has literally put the maximum amount legally possible every year for his career

2019-10-27 00:04:02 UTC  

same

2019-10-27 00:04:04 UTC  

@Medman naw mostly boomer whites lol

2019-10-27 00:04:05 UTC  

its brainlet not to

2019-10-27 00:04:05 UTC  

wtf is a 401k anyways

2019-10-27 00:04:18 UTC  

https://cdn.discordapp.com/attachments/634367565304561675/637803728484958243/unknown.png

2019-10-27 00:04:18 UTC  

i lived like a fucking starving college student for 5 years after i got a real job

2019-10-27 00:04:23 UTC  

just so i could always max my 401k

2019-10-27 00:04:24 UTC  

most jews are not wealthy

2019-10-27 00:04:29 UTC  

<:oof:399031884312739841>

2019-10-27 00:04:36 UTC  

401k is like an IRA

2019-10-27 00:04:54 UTC  

its a tax advantaged savings account, the money grows tax free and you never pay capital gain on the increase

2019-10-27 00:05:00 UTC  

ive know a couple of jews befor

2019-10-27 00:05:08 UTC  

none making over 200k

2019-10-27 00:05:12 UTC  

<:oof:399031884312739841>

2019-10-27 00:05:16 UTC  

yep 401k is like free money

2019-10-27 00:05:20 UTC  

its like the government saying

2019-10-27 00:05:28 UTC  

more like 50k and tight with money

2019-10-27 00:05:34 UTC  

'you can invest this and you'll never pay anything on it, but you can only put so much in'

2019-10-27 00:05:51 UTC  

what can u do with a 401k