Recruiting Forum Football Talk II

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#112,478
#112,478
jakez4ut said:
lol...well, i like "free" money......but yeah, the not having access, and a looming liability that just keeps growing are big drawbacks. finally figured out a while back, you're better off doing most of your investing with after tax dollars, pay your gains taxes as you go, invest in some whole life that has tax free distributions, and....cash. gotta have it. plus i have the HSA contributions as well, and i have that in a fund too.

it's not easy though. and honestly, not for everyone. my wife and kids think we're poor. lol.
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Yeah I have an HSA and you can also get out of paying gains taxes with the new laws.
 
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#112,479
#112,479
bignewt said:
I don't think I get a company match so there is no reason to even bother. Money market and stocks have been good for me. Plus any match is not worth me not being able to access my money.
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I like the tax free growth of the Roth, but I only put what I know I won't need for a long time in there. Too many penalties for taking money out early and not repaying it in a timely manner. I get a 5% match and my company unilaterally contributes as well. Can't pass that up.
 
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#112,486
#112,486
LightningVol said:
Lol. @Bassmaster_Vol gets a shout out on the Volquest pod.



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#112,488
#112,488
MoCo_Vol said:
I totally fell off the lunch wagon.

1. Bojangles
2. Cajun Biscuit Filet Combo
3. w/ bo-rounds
4. Add an old fashioned gravy & biscuit


I may food coma on the way home, someone clear my browser history if I do...
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Why were you searching for S&M midget porn?
 
#112,498
#112,498
bignewt said:
I dont like 401ks...I like to invest money myself, but yeah, we down bigtime this week.
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Some let you, to some degree. Not individual stocks, but various plans. I moved all mine from my work's .75% managed plan that lagged the s&p to a .07% expense ratio passive index fund. Most plans have 10 to a few dozen options.
 
#112,499
#112,499
jakez4ut said:
i don't either. i still have one, and i contribute the minimum to get the company match, but now most of what i do is on my own, after tax dollars.
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Big mistake imo. Remember those are tax-free earnings. Compounded annually over decades, that is giving up a lot. Typically I only invest other funds for shorter term (5-10 year) goals or needs or if I have a specific asset I really want to buy such as BTC.

If concerned about needing money before retirement, you could put some into a Roth. This is also a tax diversification strategy, dividing your 401 contributions between a traditional and roth, since no one can really know their future tax rate.

But you really can't go wrong with HSAs, even as a retirement vehicle...with the vaunted triple tax benefit. Many will exploit them as additional retirement savings...actually best not even used for medical needs at all, the way most use them.
 
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