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/biz/ - Business & Finance

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57426812 No.57426812 [Reply] [Original]

im moving to a job w no 401k. how much money am i losing

>> No.57426845

>>57426812
A brokerage account is the exact same thing if you buy and hold broad based index funds

>> No.57427619
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57427619

>>57426845
Tell us more banking phag
I want to hear proposition

>> No.57427813

>>57426845
Not exactly.

>>57426812
If you’re not joking look to see if you qualify in a Roth IRA. As far as the major difference between a 401k and a brokerage account is you have to pay taxes on your money then you can fund your brokerage account. When you pull out money you are taxed on gains your money made.

Taxed twice pretty much.

A 401k is not taxed when you fund your account. When you retire and take out your money you are taxed on gains. Taxed once.

>> No.57427849

>>57426812
I'm opting out of my 401k this year so I can put it all into crypto so I wouldn't be too butthurt about it rn.

>> No.57427869

>>57427619
Women are stupid and I don't respect them

>> No.57428087

>>57426812
None, there will be a civil war in the US before you reach retirement age.

>> No.57428107

>>57426845
Eh not really. Tax deferred, company match, and presumably lower fees. Closer to a trad ira but not quite.