Let me explain the truth about 401k’s. What are the rare instances in which you should consider contributing to one? It used to make sense to put as much money as possible into your 401k and experience big tax benefits. But that’s all changed.
In recent years, our nation’s exploding debt load has made it clear that our tax rate will be dramatically higher 10 years from now than it is today. 401k’s are out of sight and out of mind for most people so they don’t even think twice about paying it. It’s a force of habit. But it’s time to reconsider. Putting money into a 401k is like going into a business partnership with the IRS but only they get to determine how much of your money they keep.
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Nearly every employer offers a Roth option this whole video is whack
Lol not the same last name
LIRP
I do the Roth 401k. I get the matching and take advantage of the Roth.
PoZ QoD: Roth 401(k)
Always, always, always take an employer match.
Similar accounts such as 457b enjoy some additional advantages.
Employer 401k match
ESPP
Max HSA
Max Roth/Traditional IRA
Max Roth/Traditional Solo 401k or SEP IRA
Max Roth/Traditional 401k/403b/457b
Contribute aftertax 401k if applicable
529 college plan (or Coverdell)
Taxable brokerage
Potentially Series E and/or Series I Treasury bonds
Then you can look into permanent/whole/universe life insurance if you're the 1% of folks it makes sense for.
IULs and buying gold and silver are great ways to hedge against inflation
Roth 401k
LIRP specifically an IUL !
real estate investing via IB loan