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/biz/ - Business & Finance

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18430165 No.18430165 [Reply] [Original]

What's the point of 401k's ??

Why would I want to willingly give my money to some retard that'll invest it into meme companies like WeWork, Uber, Twitter etc?

>> No.18430202

The point is you get tax benefits either while depositing or while withdrawing depending on which type of 401k you have and it's also free money if you contribute enough to get the full employer match.

>> No.18430424
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18430424

>>18430165
>What's the point of 401k's ??

>Why would I want to willingly give my money to some retard that'll invest it into meme companies like WeWork, Uber, Twitter etc?

So you can have a (((professional))) money manager extract rent from you for a mathematical inevitability. The dollar value goes down, the stock market goes up, the middle men make money because people cant see the illusion.

https://www.epsilontheory.com/by-our-own-petard/