Seems like accordingly tk American principle, checking balance should be spent and all savings and stocks should be owned through 401k Is it normal to have more saved in 4o1k than brokerage?
Not if you just started working. Yes if you have been working for 5+ years
I've been working for 5+ years and my 401k is 20% of my NW Am I doing something wrong? I've pretty much maxed out 401k every year
You need to put your money in stocks and ETFs not checking account
This is dumb advice
It's not advice it's a question
That is not an American principle, nor a financially sound principle at all.
It's a question
Your question in the title is different from the question in the body
What do you mean lol
đ¤Śđťââď¸
Checking and brokerage accounts are very different. Which one do you mean?
Any non 4o1k monies
401k is a scam these days. Just buy the SPY and never sell. Youâll make way more money, even after factoring in the up-front tax âbenefitsâ.
How? U buy s&p 500 through 491k, save tax every year
Are you human
Supposed to? No. Some might some might not. It all depends on where you are in your financial journey and tax diversification strategy.
Itâs normal to have more in your 401(k) than your brokerage account because most people canât afford to invest much beyond the legal 401(k) limit. My brokerage account didnât pass my 401(k) until 30 years had passed with the last 6 at public tech companies in staff+ roles.
That's crazy. But thanks foe the perspective
You have more time in un-retirement period than retirement period. So you should have more in non-401K.
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thatâs the famous yolo investing strategy