His mistake was not having his house paid off before he retired
2026-02-04 14:05:21
822
Duynomite :
Everyone knows you have to pay taxes when you take your 401k.
2026-02-04 16:48:22
260
pabloangel_203 :
At the end of the day this whole system is one huge scam! Everyone has been lied to.
2026-02-05 10:23:43
331
user4694310668520 :
It’s not a 401k problem, it’s a lack of tax planning
2026-02-04 17:13:05
155
Uwan2beme2 :
Required minimum distribution is the most diabolical scam there is.
2026-02-04 20:33:37
116
Green :
The system is so corrupt you pay taxes on your paychecks , you pay taxes on groceries, you pay taxes every single day! and they want taxes at the end of the year to!!! Make it make sense
2026-02-05 21:54:14
184
robertmorrissey77 :
Should have done Roth 401k
2026-02-04 15:00:40
103
MikeSavo :
Wish he knew? The laws have been in place for decades in addition the Medicare connection to income is not a secret either
2026-02-04 13:50:03
88
pat :
It’s a question of how much taxable income you have after you retire. If you’re relying on traditional 401Ks and IRA’s and you live in a state that taxes retirement income, then yes, you’re going to take a significant tax hit. If you switch over to Roth versions of those accounts and move to a state that doesn’t tax retirement income, then you don’t. It’s all in how you shape your income.
2026-03-18 15:51:44
6
meanmarkg53 :
Retirement is a scam
2026-02-05 02:58:42
59
user543933830089 :
I don’t understand why these things are not taught as part of a regular high school curriculum.
2026-03-13 14:19:41
17
Al Wenning :
Just another example of how the system is designed to keep as many people down as possible.
2026-02-05 02:36:07
185
richardshepley :
The game of life is a scam .The table is tilted
2026-02-04 14:50:44
67
robertfotchjr0 :
People always said how corrupt other governments and other countries are, but America has the worst corrupt government of them all it’s totally against we the people
2026-02-05 10:34:46
60
@JustMe :
So what is the solution?
2026-03-17 12:16:40
5
roadtripping411 :
Designed to keep you trapped
2026-03-19 03:59:31
9
No.Drama.Momma_k❌ :
The government owns us … period
2026-02-05 20:55:51
14
Rosco :
You didn't pay taxes when you put it in..why would anyone think you don't have to when you take it out?
2026-02-05 03:02:59
6
hathawayr :
But wait. I paid Medicare premiums all these years. Why would I have a varying premium later?
2026-03-19 13:05:52
7
MW🇺🇸 :
struggling to understand 700 per month interest on 100k loan. doesn't sound right.
2026-02-05 11:08:38
67
Sick of Media :
the numbers don't add up here. I understand what he did wrong, but if he owes only 100K on his house, his interest rate would have to be through the roof for there to be a $700 interest payment. additionally, Medicare IRMAA kicks in at somewhere around 110k. all he would have to do is pay off his house in a smaller increment over 2 years and he would be fine.
2026-02-04 17:50:33
19
LittleFury🔥 :
Take out a 401k loan to pay off the house and pay yourself the interest instead of the bank and avoid taxes on pulling the money out of 401k
2026-02-06 03:16:41
41
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