/biz/ - Business & Finance

>>56349703
Retard. Free money on your 401k matched by your company into a market fund that will generally return 8 percent year over year and instead you bought a premine from a fat 30 year old Russian scammer and a perpetually crabbing decades old project that's going nowhere.

you're losing a lot of money so based

>>56349703
You should do the minimum contribution to match anon. It’s free money. I contribute 15% to my 401k and company matches up to 6% iirc.

I liquidated my 401k and I don't contribute anymore.

That shit is for midwit retards that don't know how to invest.

>>56349703
401k is a scam. Enjoy waiting for your money for 30 years

very based, however as soon as btc and link breakout of their ranges you should stop and begin contributing to ur 401k. contribute whatever is needed to get the max match from ur employer

>>56349703
The first thing I do when I start a new job is set my contribution to 0%

>>56349986
Based.

If the majority of midwits contribute to 401k, then you absolutely know it's bad financially.

Anyone can easily outperform 401k.

>>56349703
Retarded

>>56350005
Well I have my reasons.
First of all I job hop frequently so I will never see the employer match anyways since they claw it back if you aren't there for years.
Secondly I don't feel like giving money to the (((money managers))) at Fidelity so they can use it to enforce butt sex black supremacy scores or whatever.

>>56349703
>I buy LINK
clearly retarded.

>>56349834
>it's free money goy in 50 more years!

>>56350057
Contributing to your 401k is not a big deal if you make at least 6 figs, which clearly you don’t. Even contributing 15% to it, I still live comfortably, and buy $1500/month in crypto and eat Doordash premium Goyslop every night.

>>56350086
I barely make 6 figures.
I'm exactly at 100k.
1 dollar less and I'd be 5 figures.

>>56350086
>getting kiked isn't a big deal
good goy!

>>56350111
I will pull in 115k this year, and actually feel bad for those who don’t.

>>56350128
Are you seriously saying not planning for retirement is based? Even if you have the discipline for your own portfolio, you’re gonna pay out the ass for taxes, instead of having it in a Roth and not paying taxes when the time comes.

>>56350149
are you genuinely implying that the 401k isn't a kikel carrot on a stick scam that won't exist by the time you are retirement age?

One time I heard someone refer to a 401k as a "financial product" and at that point I started to think "maybe this shit aint for me"

>>56350149
If you make 100k a year and actually think that the 401k is sticking around and not imploding with the rest of this ponzi system, please tell your company to hire me i'll do a better job than you as you're clearly a fucking retard

>>56350005
Idk anon. I get literally free money from my company and I get tax savings on my wagie wage. Seems like the dumb thing would be to not use it. Sometimes things are so obvious even brain dead normie cattle know it’s a good deal.

>>56349734
Based, and you should also diversify, I have some eth, some link and recently got some kava too

>>56350305
based rektfolio

>>56350209
It's not, not for you, not for anyone kek

Based. Who gives a fuck if you are poor when you are old. Being old and poor is only marginally worse than being old and rich. Retirementfags are the ultimate cucks.

>>56350305
What an interesting taste on shitcoins

>>56350305
lmao u poor

>>56350345
Hey Jew, I have kids I don’t want to burden with my old ass.

Based to contribute to BTC. Retarded to contribute to LINK.

quite retarded IMO you just buying LINK while its 90% DOWN I despite you anon

>>56350258
>free money
>tax savings
except you get neither of these, you pay the jew 5% of your salary on a promise of these things in the future which are far from guaranteed.

>>56349703
the match is literally free money

>>56350057
you could withdraw it early if you really wanted to. the free money makes up for the 10% penalty

>>56350780
>giving jewish institutions 5% of your income for a match in 2 more weeks is free money goyim

>>56350792
most plans do not allow that unless you change jobs.

>>56350802
oh sorry your money making time preference is literally 1 second. good luck with investing LOL

>>56350057

That's when you need it lmao. That's the whole point, it's supposed to be your income when you're too old to work and earn one from your labor.

>>56350853
I'm in enormous debt so yes it's 1 second because as soon as I earn a dollar it's out the door to the debt

>>56350915

>>56349703
>>56349896
>>56350305
>>56350550
>>56350777

>>56349703
super retard move. i contribute into the fidelity interest income fund because i can't trust stocks

>>56350777
Brainlet, the 5% is before tax so it reduces my taxable income which means I’m giving less than 5% of my net pay. Can’t believe I share a board with idiots like you.

>>56349703
I opted out of the 401k scam and invest my own money

>>56349863

This. No one will see that money by the time they die.

>>56349834
Booooooo. That unoriginal faggot stile that from 4chan and added his psycho face to it.
I hope he dies.