do you have a 401k?
nigga I don't even have 1k
i have two hands which im using to type this
o.o
>>28687897
Planning on getting one.
>>28687897
I'm a fuckup clueless NEET. How would I even know what that is?
>>28687897
Had one. Still do I think. Not much is in it, maybe 4-5k?
>implying I'd even be able to retire right now given my SL debt and lack of a fulltime job at 26
Live slow, die young anyway.
>>28687897
i have the canada national pension and also whatever the retirement thing my union uses is.
>>28687897
A what?
Why don't I just throw my money into an index fund instead?
>>28687897
I have an r9k.
Yeah, 45k in it, although I wanna cash it out
yeah but only because my employer matches whatever I put into it, the returns on it are crap so I don't put in any more than the cap.
>>28689685
>yeah but only because my employer matches whatever I put into it, the returns on it are crap so I don't put in any more than the cap.
can you explain this to someone who has never had a job
if the returns are crap why put anything in?
https://en.wikipedia.org/wiki/401%28k%29
>>28690127
The 401k is run by my employer will and they will match what I put into the 401k, so if I put in 10% of my paycheck, they will match that amount effectively doubling it. The match means that even with the crap returns I still make a lot more investing in it than anything else and I can always transfer the money into a better 401k later.
>>28690127
Not the same guy but my company does 150% match up to 6% of my paycheck. It's effectively free money and when you do it as a pre-tax you also pay a relatively lower tax burden. The chance the fund it's invested in will increase in value is just an added bonus.
