@socialcap: If you have been told that the #401k is a scam and a bad #investment idea, might want to think about who is telling you that and why! #insurance #money #financialadvisor #wealth #money #socialcap
Well doesn’t the government take half of it when you get it out?
2024-11-23 15:15:30
4
User12345 :
This is 100% true. Got hired in 1990 civil service job and retired in 2020. My 401k(457) is 1.9 mil. I’m not old enough to even touch it yet but plz young ppl do this!!
2024-11-23 20:21:27
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DuplexKing:RE 🏘️BIZ 🏢 MLO :
401k is great if you can get a match otherwise Roth or Personal IRA for more control over the investment
2024-11-23 16:36:33
73
Jorgeomh :
But why don’t you tell that on the 401(k) you can lose money?
2024-11-25 05:20:57
7
chi_fly :
Love it. All about compound interest. Takes a while to see it, but when you do… BAM 💥 💰 💰 💰
2024-11-23 18:38:15
6
Stephen DeFilippo :
I've been screaming this for years. I get heated when I hear people saying investing in a 401k is a bad financial decision. Yes there are taxes but you get a 100% return based off the match alone.
2024-11-23 18:26:07
7
Anne Marie :
Fidelity 401k
2026-05-01 16:59:38
2
matt.com :
What if $40k goes into my 401k for 30 years?
2024-11-23 17:04:16
7
tomsoll71 :
No truer words have been spoken! Well said Tyler
2025-08-22 00:51:43
2
Insurance Know It Alll :
What if we have 10 years…
2024-11-24 16:19:36
5
Skewbee :
Company match is a slam dunk if you have that option. Think of it as earning 100% interest.
2024-11-24 00:11:31
7
robertburget :
I’ve been doing it for 25 years and I’m not even close to that
2024-11-23 16:00:59
21
Jeremy McClanahan :
I put the min to get the max company match, then everything else is Roth
2024-11-23 17:25:08
10
Nettle :
Thank you. 🥰
2024-11-23 19:11:36
6
user :
I beg to differ. If an investment professional had a fiduciary responsibility then they wouldn’t differ the 401k just because they can’t manage it. Also, annuities serve their purpose when positioned correctly.
2025-11-26 17:38:06
0
Tyler Gardner :
From someone who’s NOT trying to manage your money, yes, a 401(k) is a good idea if you can afford to invest and are looking to build long term wealth.
2024-11-23 15:11:32
7
Lori spence :
if you have a 401 k and your 60 do you have to pay 15 percent tax to government?
2024-11-23 18:27:54
6
user2455763323830 :
You never miss it!
2024-11-25 03:00:57
5
user774916995615 :
I maxed 401k till I was 50. Then I let it grow while I invested in funds that allowed me pull out if I needed it during the next ten years. 55 now and feling good about post-work years.
2024-12-02 11:32:20
5
Sparkling 123 :
Yeah but then you have to pay taxes when you take it out
2024-11-24 05:33:03
2
HandsomeWillis :
My only issue is I’ve been working 35 years and I don’t make 75k yet so all these year I’ve been putting in 5-10% of a much lower number. This is a common response. Thoughts?
2024-11-29 02:52:07
3
Danny Yanes :
Is there such a thing as being to far out ahead for your age? 37 sitting at 400k
2024-11-25 00:57:47
3
Rebeca :
Do I do before tax or Roth or split?
2026-01-26 05:32:01
1
951Cheer :
Hi! I’m a newer business owner and I’m trying g yo understand if a Safe Harbor plan is best for me, Can you explain this type of 401k plan?
2025-11-25 06:06:24
2
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