401k

Amazon
394gk2

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394gk2
Apr 6 14 Comments

Wondering if putting money into a 401k with 50% max matching makes sense. The way I see it is you only need a 401k if you will not strike it rich since if you do then you won't need it anyways. I'm young I have lots of time to make money I feel it is better for me to invest money into stocks rather than a 401k. Yes tax deductions but I still believe I could grow that money at a faster pace through investments than I would if I placed it into some managed 401k funds. Thoughts?

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 TOP 14 Comments
  • Oh summer child. You have not gone through a rough patch in life. It won’t be as rosy always. Save money, a little bit.
    Apr 6 0
  • Laird Connectivity / Sales
    gyarados2

    Laird Connectivity Sales

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    Texas Instruments
     gyarados2
    You are forgetting your immediate 50% return. Cant get that in the market.
    Apr 6 0
  • Linus Health
    hetweakin

    Linus Health

    hetweakin
    50% Matching is an instant, guaranteed 50% return on investment. It lowers your taxable income too. Even in the craziest markets you’d be insanely lucky to get 50% return on your stock investments in a brokerage account. Max your 401K and then invest however you’d like. There’s no better alternative.
    Apr 6 0
  • Uhh, you know you can buy stocks in a 401k right?
    Apr 6 0
  • People who pass up free money don't strike it rich by investing.
    Apr 6 0