SECRET TAXES on your 401K #shorts
#motivation #success #money #shorts
SECRET TAXES on your 401K –
Secret but also not so secret… Post in comments your thoughts.
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Mano Kamgang
Not a roth
He just wants more people pulling their retirement funds to invest in his scheme
your an idiottttttt
❤❤❤❤❤❤❤
The only reason you should have a 401k is if your employer matches because that’s a 100% ROI if you put whatever they’ll match.
Anything after that you should put into a Roth IRA after paying taxes so you don’t have to pay the higher tax rates later down the line.
What Grant is saying is 100% right this is just a YouTube short so they didn’t go that in depth here.
You should definitely not be giving financial advice 😅
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undervalued project
Much better than all those shits altcoin with no utilities
It is funny that not everyone knows about XAI
XAI will atleast beat LINK
I am so bullish right now
Appreciate the recommendation! Bought XAI97K, expecting 10x returns. Major exchanges confirming listings. Your insights have always been on point. Looking forward to seeing where this investment goes, thanks for the valuable advice!
You only pay taxes on the amount that you pull out as if it were income. So if you pull out 70k per year, then you only pay taxes on 70k that year. So if you’re making 140k today, without putting into your 401k you are absolutely paying more in taxes because your AGI is 140k instead of the 117k that it could be by maxing out your 401k contribution.
Invest in tfsa and cryptos
Cool amazing quote with gc
Omg what a financial dunce
Thank you
Roth 401ks also exist
“Grant I’m paying my taxes.” LMFAO 🤣🤣
Roth 401k would be the way to go for most people. You invest after tax income inside the Roth account, invest it in mostly index stock funds (if you are in your 20s/30s) and watch the money compound tax free, as well as withdrawals after legal age of retirement, are tax-free. If your employer offers this type of retirement plan, at least invest an amount up to what your employer matches as that is “free” money. However, if you can afford it, you should try and max out your annual contributions.