Edward Collins
Region: US
Wednesday 31 July 2024 16:02:00 GMT
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Mike :
every older person I talk to says they wish they never had a 401k and put their money somewhere else
2024-08-01 01:43:56
1
southlandtechie :
I don't see a scenario where 401 k is not mathematically the better choice.. Youre basically investing money that would otherwise be lost as tax.
2024-07-31 22:01:17
5
Ruse :
401k is only good if your job matches a percentage. And only put as much as they match
2024-08-02 07:35:00
9
Recked :
compound interest plus company match. I make 130k right now and will have 4 million by the time I'm 59
2024-08-01 06:07:39
1
JRE7 :
why not max out 401k every yr, take 50% loan out, invest it, repay it...rinse & repeat tax free
2024-08-02 14:34:39
2
protonzzz :
You will pull out less tax money in retirement then while working
2024-07-31 20:29:08
5
user8083312420465 :
Cash flow pays the bills, equity will make you rich
2024-07-31 17:22:51
1
Mike Nielsen :
the theory goes. that by the time you retire and start pulling money. you'll be making alot less a year. outting you into lower tax brackets. so yeah taxes may go up but it's off of a % of alot less
2024-08-01 16:02:53
1
Me :
Considering my tax bracket will be considerably less when I retire because of no income, it will be OK
2024-07-31 18:39:11
1
GenXnIt :
Always do the match.👍
2024-07-31 18:37:49
1
sparrow :
that money that would have gone to taxes, is instead being invested & will likely will at least 4x in the next 30 years. With inflation, will you be paying 4x the amount of taxes that you are now?
2024-07-31 20:49:06
4
jg.hughett :
I only do it for the employer match
2024-07-31 20:06:45
5
Sean Z :
I have a Roth 403b. It’s great
2024-08-04 01:24:38
2
Mo :
I love your content Edward
2024-07-31 20:28:29
5
T-bone :
That’s why I contribute to a 401k, 401k Roth, and Roth IRA. I can just pull out of each and only pay taxes on the traditional 401k. This should in theory keep my taxes low.
2024-08-02 02:05:19
1
Pizza :
I don’t invest , I live in the moment
2024-08-01 00:27:13
1
Mamas boy :
I have a lot of money in 401k can I convert it into another type of account and then buy real estate with it
2024-07-31 22:23:48
1
sazamatic :
You need to ask yourself if you will be in a higher tax bracket in the future when you plan to withdraw than if you paid tax on $ now, if so Roth makes more sense (and cents) 😁
2024-07-31 18:00:29
1
M Smith :
If you have an employer who matches a good percentage, this is a no-brainer. 401(k) will still always be better.
2024-08-26 16:52:51
0
Nerdmillion :
I’m willing to bet your taxes when you’re retired is a lot lower given you have no income and at a lower tax bracket.
2024-07-31 21:44:58
0
Mat RD :
Roth 401k
2024-07-31 16:23:40
3
parkerdaddy :
Roth
2024-08-01 07:07:30
1
Darrell :
but are you going to be making less money then that's what you have to figure out if you're going to pay less taxes now or then with you making possible less money or not
2024-07-31 16:36:32
2
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