Robert Gill
Region: US
Wednesday 28 February 2024 21:26:08 GMT
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Derick Hess :
the entire point of a 401k is to put in pre tax dollars and pay taxes later since you will likely be in a lower tax bracket
2024-02-29 00:30:58
21
Gthang :
Who takes a lump sum? It’s for retirement. Not to buy a house. I’ll manage my distributions. Meanwhile deferred taxes are compounding
2024-02-28 23:59:31
67
The Kvothe Archive :
Who is this guy? Who even does that
2024-03-22 21:40:02
1
Son of the King :
Unless you were smart enough to use the Roth option in your 401K.
2024-03-05 01:10:56
1
Phil68138 :
Nobody’s gonna take a lump sum of $1 million, even if they did it’s not gonna be 40%,
2024-02-28 23:48:15
4
Retire early :
I’m perfectly fine with that. I have $20k in my Roth 401k the govt can’t touch. The remaining 1.08M is in traditional. 😂
2024-02-29 11:57:55
7
BigDogDanny13 :
Right but you saved tax money when u put it in.
2024-03-01 02:38:40
1
10GramTimmy :
this year at 65 my effective tax rate was 12%. nobody takes a lump sum.
2024-03-04 20:20:46
2
user8330240055956 :
nobody cashes it all out at once. its taxable income avoid the higher tax brackets
2024-03-04 14:33:40
2
.... :
Wrong. half of mine goes into the roth option.
2024-03-04 00:04:44
0
TimTim :
The standard deduction for 2024 will be $29200 if your married and filing jointly, so withdraw that amount next year and it’s a wash .
2024-03-04 02:44:37
1
Jon :
After retirement you won’t have a 38% tax rate. In addition, who would withdrawal the entire amount
2024-02-29 10:07:43
1
Tim OShaughnessy :
Everyone who has a 401k knows this. 40%?—not likely. It’s like getting a paycheck after you retire. It’s a good thing versus not having
2024-02-28 22:46:07
11
Cole G :
That’s why do Roth 401k
2024-03-04 06:20:56
0
Dread54 :
Roth 401k here lol
2024-02-28 23:21:54
4
Critical Thinking :
What???!! I need to talk to my advisor about my Roth immediately!!!
2024-02-28 23:53:12
1
Leisure :
Choose Roth 401K, also convert employer contribution to roth each year!
2024-03-04 20:16:41
1
Mario05051956 :
that's an exaggeration
2024-02-28 23:50:42
2
jeff :
I put half my money in roth other half in traditional
2024-03-03 21:38:21
1
dannymueller8 :
I also saved taxes on what i contributed. When i withdraw it should be at a lower marginal rate.
2024-02-29 02:37:27
4
Jagermeister1993 :
Why does everyone like to talk about the 401k but no one talked about IRAs
2024-02-28 23:46:17
1
Userxailkaixfh_23455 :
I’ve got a ROTH 401K… it’s actually is all mine.
2024-03-01 16:13:22
3
JayenH :
And we just take it lying down.... 😳
2024-03-01 07:54:27
1
xxyyxx73 :
Yes, but it’s been compounding all these years with no taxes paid. A regular mutual fund held out of retirement you will pay yearly taxes on capital gains, dividends, etc.. take dispersements wisely
2024-03-01 13:50:59
1
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