Post a screenshot of your 401K balance

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All jokes aside though, why would a man in his 30's gainfully employed in the private sector earning middle class wages choose to not have a 401k? That is quite odd.

:manny:


As long as that person is doing something productive with the money plus the match they were gonna get from investing in a 401k, then I don't see the issue...
 

Mowgli

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You said you had a 401k then you backtracked


:heh:

I'm not going to knock you for being destitute.


Maybe you should focus on your future instead of your alternate personalities because in the end they're all going to struggle.

Typical c00n. Always counting another mans money.
 

Julius Skrrvin

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:whew: some of y'all sitting pretty good for young folks. I'm not in a postion where I can save a lot yet. I have a 401k but I don't contribute much and it's probably under 3k at this point.

My wife finishes school in December and I plan to save most of my money once she gets a job. I'm not very knowledgeable about savings/investments though, hopefully some of you more experienced brothers can help me out at that time

theres a ton of info out there but hey getting started is like half the battle. I personally found Come Into My Trading Room a good read as an intro, and i read shyt on Motley Fool, MarketWatch, and Seeking Alpha. Even if youre not actively investing, get involved in the next sim game we start here or something.
 

Dusty Bake Activate

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:whew: some of y'all sitting pretty good for young folks. I'm not in a postion where I can save a lot yet. I have a 401k but I don't contribute much and it's probably under 3k at this point.

My wife finishes school in December and I plan to save most of my money once she gets a job. I'm not very knowledgeable about savings/investments though, hopefully some of you more experienced brothers can help me out at that time

You should consider adding more to your 401k contribution now unless you are barely scraping by, even if it's 1 or 2%. The more you contribute early on the better because of the compounding interest over time.


You don't pay taxes on your 401k contributions or resulting earnings until it's time to take the money out when you're ready to retire. Whereas if you just invested your money normally, you would be putting in money already taxed in, then being taxed on your earnings again when you cash out. It's basically like getting an interest-free loan to accumulate wealth with.

You have the freedom to choose from a variety of different funds offered by your broker and decide how aggressive or safe you want to go: aggressive being stock-heavy and safe being bond-heavy. I just go with the default offer, which is usually balanced to be stock-heavy when you're young, and move to being more bond heavy as you get older. Bonds offer generally a lower return, but are less volatile, so most plans recommended by brokers move more toward bonds in the latter years to hedge against risk of a stock crash around retirement time.

Plus most importantly, your employer contributes matching funds.
 

Atlrocafella

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My shyt :flabbynsick:, Started it about 2 years ago..I only contribute a small portion to it. I'm about to leave my current job anyway soon, so I'm going to roll this shyt over into an IRA and start over again with a new company.
 

Mowgli

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Let's not go down this path in this thread man.

Check your ladies bruh :rudy:. I dont need to be told shyt. You got people sayin my baby should be run over by a mack truck and you're just like la dee da and people starting shyt with me in this thread. :deadmanny:Miss me with these posts.
 

88m3

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Check your ladies bruh :rudy:. I dont need to be told shyt. You got people sayin my baby should be run over by a mack truck and you're just like la dee da and people starting shyt with me in this thread. :deadmanny:Miss me with these posts.


EXPOSED
 

Dusty Bake Activate

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Some fukkboy in the aussie rape thread.

It was that guy demon. I'm not very fond of you, but I will concur that that dude is a bytch with his fallopian tubes in a bow. He's the type of dude who people slapped off muscle memory from K through 12.
 

Robbie3000

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Mowgli fully expects an apocalypse. His grappling skills will be worth millions in case the human invaders are prone to arm bars and such.
 
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