Why 401K’s Are A Waste Of Money
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Mano Kamgang
While Grant is an idiot, Vlad wasn’t understanding what he was saying. He’s still a moron though
Roth IRA is a tax free growth engine
You still pay taxes because its earned income it’s tax free growth when it’s in the account once it’s out it’s added to your earned income
@ReliableisHereno that’s a traditional IRA
How do you get to talk to uncle G and not know you will pay taxes on your 401k withdrawals. The US always get your money 😢
Is it vlad?
Yes
Borrow on it (tax free) to purchase a revenue generating asset that will pay now and allow the “401K growth” to fund the loan payments, and in turn use the revenue from the asset to capture and acquire another/more revenue generating assets. That’s Grant’s plan in a nutshell. The only people making money on your 401K are the fund managers and banks that are using your $ to do what Grant is talking about.
Sooo do you withdraw it now?