Message from @Medman
Discord ID: 637803599849717811
<:AIDS:397209911567581185>
just make close to 200k for more than a decade
for a while
yep
and invest well
thats the plan
and you'll be good
boomer wealth
401k is a huge giveaway
people think the tax deduction is the benefit of a 401k
but thats bullshit
the real benefit is the money grows tax free, ZERO capital gains tax
@Medman def poor as shit but ive worked for ALOT of millionares
ppl with real money
the benefit is zero capital gains tax and employer matching
when can you cash out your 401k tho
and you can rebalance your portfolio at any time with zero tax consequences
yep nerth
my dad chastises family friends who don't max out their contributions every year lol
zero capital gains is HUUUGE
he has literally put the maximum amount legally possible every year for his career
same
@Medman naw mostly boomer whites lol
its brainlet not to
wtf is a 401k anyways
i lived like a fucking starving college student for 5 years after i got a real job
just so i could always max my 401k
most jews are not wealthy
<:oof:399031884312739841>
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