I followed conventional advice and for years and always maxed out my 401k. Now I have over 250k retirement but less than 200k in liquid assets. I never thought it was an issue until I started looking for a home and I am stuck due to low amount of cash in hand. For the type of home my family is look...Read more
400k TC - 27 years old. Imagine putting money away for when youβre 65 and can barely enjoy it. I plan on having $0 to my name when I kill over. Am I an idiot? Nah. Enjoy life while youβre young folks. F retirement! Edit: ok stop bullying me I will contribute smh fml #investments #stocks
I was pretty bad with money until 5 years ago, when I was 27. I had 10k in my 401k and 3k in my bank account but no debt despite working for 5 years. I really got into investing money when I joined Google and they had a 401k match and mega back door Roth. I have been at Google for 5 years now, I m...Read more
Okay Iβm 28 and have 100k+ in a 401k by maxing out every year and Iβm just thinking this is stupid. Why not bet on myself instead? Just put in up to the employer match, take the rest and buy rental properties instead. Save a couple grand for each for maintenance / repairs and rent them out. In 30 y...Read more
I missed transferring my 401k from previous company upon switching my job . Please let me know how could I be able to do that now and what options I may have . #401k
Hi I never had a 401k until my current job. Never took it for reasons I donβt know. So want to get a sense what is the general 401k balance ppl have. Also if we can attach the number of years it has been since you have had the 401k account where you are showing the balance that would be great to ...Read more
It took me a long time to actually realize that buying index funds like VOO and VTI rather than individual stocks wins long term. Not just knowing about it. Once I realized that, maxing out 401k became a no brainer. Of course, with having your 401k invested in something that follows VOO or VTI. Ho...Read more
Hi all. I got my first job out of college. The company is offering 401k with 6% matching. Iβm on OPT so the future in the US is uncertain (not sure if this is relevant as I heard that you can withdraw 401k outside of the US under the same rule). How much should I contribute to 401k if at all? If you...Read more
#1 Does Google 401k plan allow post-tax contribution on top of the pre-tax 18.5k contribution? http://www.jhwfs.com/after-tax-401k-contributions/ #2 If joining in December can I still max out the 401k match from Google?
For all my previous jobs I've used the regular 401k. New employer has an option to invest in 401k Roth. I understand the difference of pre vs post tax. Also I generally do the the traditional to Roth conversion ($6k per year using backdoor). Can I continue to do this if I go with 401k Which one sh...Read more
Letβs say I keep putting my money in various target funds, sp500 through 401k. After I become 60, my funds become 2x. Now that I want to withdraw my 401k account and move that money into savings, would I have to pay capital gains tax as my investments have doubled?
I feel my 401k is on steroids or is just me? Went from 241k to 334k , my contribution is around 42k of the 90 ish(pre and megabackdoor roth 401k) anyone else seeing this level of growth. I have put it on fedelity 2050c plan nothing fancy.
For all the tech workers out there. Your 401k will not get you women. 1m, 2m, 5m, 10m. . Doesn't matter. Your net worth better be making monthly income in your pocket.
As title, which is better if Iβm working in a state income tax free state? Can you please explain in the comments?
People in tech in their 40s, much is your 401K balance after 2022 market crash? I am 45 and have a tiny 401K balance left π₯Ί
I am curious about how much people have in 401K. Let's play this game, this will give an idea of how we should improve for a better retirement. Let me start with mine with age and 401kb balance. 40Y / 150K