Should I max my 401K contributions?

[The Nigerian]

If I didn't know better I'd say you were trolling.

If I didn't know better, this is the first time that you've had to think about your financial choices. Just going with the flow, huh?

 

[88m3]

@Stuntone
@The Nigerian

coming through and swerving on you fools

 

[mson]

If I didn't know better I'd say you were trolling.

You're both right. There are risks with 401ks and it's guaranteed money for wall street but as you said it's all about diversifying your investments.

 

[The Nigerian]

You're both right. There are risks with 401ks and it's guaranteed money for wall street but as you said it's all about diversifying your investments.

1 bad investment is just as bad as 10 bad ones.

"Diversification" is an investment strategy designed to shield crooks from liability when they fvck you over and lose all your money.

“Wide diversification is only required when investors do not understand what they are doing.”
-Warren Buffet

 

[88m3]

You're both right. There are risks with 401ks and it's guaranteed money for wall street but as you said it's all about diversifying your investments.

might as well buy a gun and diversify a bank nikka

 

[mson]

1 bad investment is just as bad as 10 bad ones.

"Diversification" is an investment strategy designed to shield crooks from liability when they fvck you over and lose all your money.

So what's your plan again? (COPY AND PASTE IF YOU SAID BEFORE) And are you saying that you shouldn't diversify thereby putting all your eggs into one basket?

 

[Maddmike]

You're both right. There are risks with 401ks and it's guaranteed money for wall street but as you said it's all about diversifying your investments.

I started this convo at work and this old cat broke it down to me like this:
The 401k is kinda a good thing but its also like a scam if you break it down. Its basically investing for lazy people. Remember Its tax deferred but not tax free. Taxes only get higher brehs. And they when you pull that money out at retirement age, that only instantly puts you in a higher tax bracket at a older age. Also when you contribute at a younger age it puts you in a lower tax bracket and exempts you from tax credits you can recieve when purchasing things like houses and other investments.

 

[The Nigerian]

So what's your plan again? (COPY AND PASTE IF YOU SAID BEFORE) And are you saying that you shouldn't diversify thereby putting all your eggs into one basket?

In a nut shell:

 

[OC's finest]

didnt read the thread, but if your company does any type of match i'd say resoundingly yes.

 

[mson]

In a nut shell:

Robert Kiyosaki - Live Above Your Means - YouTube

I forgot that this is your philosophy aka shyt that anyone with any sense should do.

 

[BlvdBrawler]

401k is a joke breh you will never see that money, never ever. your family will never see that money. you will die. the money will be siphoned into some slush fund and then it will go missing with your advisor calling you like






lol at these 4/7 percent matches just say your work at mc donalds and be done with it

at Fidelity and Vanguard sending out assassins on people's 65th birthday.

 

[BlvdBrawler]

If I didn't know better, this is the first time that you've had to think about your financial choices. Just going with the flow, huh?

Damn breh did I hurt your feelings? I'm just trying to save you from yourself.

 

[BlvdBrawler]

I started this convo at work and this old cat broke it down to me like this:
The 401k is kinda a good thing but its also like a scam if you break it down. Its basically investing for lazy people. Remember Its tax deferred but not tax free. Taxes only get higher brehs. And they when you pull that money out at retirement age, that only instantly puts you in a higher tax bracket at a older age. Also when you contribute at a younger age it puts you in a lower tax bracket and

God damn.

It's not a scam at all. Nobody... *NOBODY* is saying it's tax free. Where the hell do you guys get this "tax free" thing from??? FYI, taxes have been lower under Obama than at any time in the last 30 years, so not sure where this "taxes only get higher" rhetoric is from. "Instantly in a higher tax bracket"? Wtf does that even mean? Did you research anything this dude said or did you just nod and agree?

exempts you from tax credits you can recieve when purchasing things like houses and other investments.

Breh, there is absolutely NOTHING about this that's true, at all.

 

[88m3]

at Fidelity and Vanguard sending out assassins on people's 65th birthday.

Are you about that life? At 65? This isn't Looper breh there are no second chances.

 

[BlvdBrawler]

Are you about that life? At 65? This isn't Looper breh there are no second chances.

Breh I have NOOOO idea what you're talking about but at the imagery of my old ass fighting off assassins.