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Forum » Am I saving too much money?
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Thread: Am I saving too much money?

post 1640498293 06-09-2021, 07:38 AM
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Am I saving too much money?

I'm 30 years old. I saved about $50k last year (max 401k + $30k invested in non-retirement accounts).

Total savings (including retirement accounts) is ~$550k.

Should I just max the 401k for the employer match and tax benefits and just YOLO the rest?
post 1640498733 06-09-2021, 07:44 AM
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******* and hookers
post 1640498743 06-09-2021, 07:44 AM
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yep upgrade your base corvette, *******
post 1640498853 06-09-2021, 07:46 AM
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Originally Posted By blazenbb⏩
yep upgrade your base corvette, *******
I sold it and put a deposit in for a new one. Is that one too poverty too? I can get the deposit back and get something less poverty
post 1640499003 06-09-2021, 07:48 AM
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I'd continue for another couple years minimum as your returns/gains are not going to be contributing significantly more than the savings from your income. It's still worth saving
post 1640499033 06-09-2021, 07:48 AM
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Originally Posted By FoxMcCocks⏩
I sold it and put a deposit in for a new one. Is that one too poverty too? I can get the deposit back and get something less poverty
Send it back
Ack...Ack
post 1640499373 06-09-2021, 07:53 AM
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Buy shares of CLOV, WISH, and CLNE while you're at buy some AMC and GME.
post 1640499413 06-09-2021, 07:55 AM
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It's your life, but I figure these numbers are made up anyways.

If I had half a mil I would not have an employer, I would be an employer.

That's more than enough money to invest in a business or in financial markets and consistently make a living.
Beans. Cleans. Gasoline.
post 1640499493 06-09-2021, 07:56 AM
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You should begin with addressing the volume of penises you fellate, savings are the least of your concern
post 1640499503 06-09-2021, 07:57 AM
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Post deleted by user
post 1640499943 06-09-2021, 08:02 AM
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Originally Posted By denrocks1⏩
No IRA? Save more
Don't qualify for IRAs
Originally Posted By Silencespeaks⏩
Only Fans
PM link to yours plz
post 1640500173 06-09-2021, 08:04 AM
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Would yolo around the world and/or chase the biggest dream on your list if I was at the point
Hi
post 1640500323 06-09-2021, 08:06 AM
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savings is ur bank account, you cant access these moneys quickly.
post 1640501273 06-09-2021, 08:18 AM
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Originally Posted By FoxMcCocks⏩
Don't qualify for IRAs
You can't put the money away pretax but there's no income limit for contributing to a traditional ira it's just nondeductible, then you convert it to a roth and don't pay taxes on future gains.

Here is an overly long writeup of what I just said from a more legitimate seeming source than random miscer
https://www.investopedia.com/ask/ans...tributions.asp
post 1640501923 06-09-2021, 08:31 AM
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save more

srs
Cobra Kai Crew

srs
post 1640502073 06-09-2021, 08:33 AM
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Originally Posted By ThisIsMyAlias⏩
You can't put the money away pretax but there's no income limit for contributing to a traditional ira it's just nondeductible, then you convert it to a roth and don't pay taxes on future gains.

Here is an overly long writeup of what I just said from a more legitimate seeming source than random miscer
https://www.investopedia.com/ask/ans...tributions.asp
Good stuff
post 1640502113 06-09-2021, 08:34 AM
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Get maximum employer match for your 401K, then invest remaining elsewhere. Real estate rentals, stocks, IRA, etc.
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RIP YGST
post 1640503183 06-09-2021, 08:48 AM
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Originally Posted By FoxMcCocks⏩
Don't qualify for IRAs



PM link to yours plz
maybe a Roth IRA but you qualify for traditional ones
Dallas Cowboys

Lifted for 30 years

Ass > tits
No Debt Crew
post 1640503423 06-09-2021, 08:51 AM
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Proof of $550k in savings at 30?
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

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post 1640504483 06-09-2021, 09:08 AM
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you're saving tons of money by using your mother's employee discount at truck stop gloryholes

Make Europe Germany Again
post 1640504593 06-09-2021, 09:10 AM
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Originally Posted By FoxMcCocks⏩
I'm 30 years old. I saved about $50k last year (max 401k + $30k invested in non-retirement accounts).

Total savings (including retirement accounts) is ~$550k.

Should I just max the 401k for the employer match and tax benefits and just YOLO the rest?
Buy an appreciating asset if there's something you want. Also back door roth is a good option as others suggested.
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post 1640504843 06-09-2021, 09:12 AM
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Originally Posted By twovalvekid⏩
Get maximum employer match for your 401K, then invest remaining elsewhere. Real estate rentals, stocks, IRA, etc.
real estate rentals in a market that you can afford with multi family units. Also, avoid over priced markets like Cali, the Bible Belt zone has some good and still affordable options

Oh, Airbnb’s in Florida and South Carolina near the beach and Atlanta are also a good option.
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post 1640504853 06-09-2021, 09:12 AM
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you should probably spend it on bringing in more columbian 5/10 hookers that you want to have a relationship with
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post 1640505303 06-09-2021, 09:19 AM
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Originally Posted By sooby⏩
you should probably spend it on bringing in more columbian 5/10 hookers that you want to have a relationship with
Colombian*
post 1640505793 06-09-2021, 09:26 AM
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[QUOTE=Ratfish post_id=1640504483]you're saving tons of money by using your mother's employee discount at truck stop gloryholes

[img]https://i.imgur.com/9jjq7wW.gif[/QUOTE]Some people are just born into all the advantages
post 1640506223 06-09-2021, 09:33 AM
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lol if you are not balls deep in as a coincel buying high selling low
watchout your comments boyo ↓
post 1640506553 06-09-2021, 09:40 AM
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you can be dead next year, so better use it.
post 1640506623 06-09-2021, 09:41 AM
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I wonder if the IRS browses the misc knowing that MOST of the countries top 1% of earners post here daily...

post 1640506793 06-09-2021, 09:43 AM
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Originally Posted By BeanGainClovis⏩
It's your life,but I figure these numbers are made up anyways.

If I had half a mil I would not have an employer, I would be an employer.

That's more than enough money to invest in a business or in financial markets and consistently make a living.
This
Originally Posted By MuzzieChik786⏩
Proof of $550k in savings at 30?
Also this
Originally Posted By Ratfish⏩
you're saving tons of money by using your mother's employee discount at truck stop gloryholes

Most DEFINITELY this



It's hilarious how OP constantly demands proof of income then screams "FRAUD!" Then at the same time, ******* OP fails to produce any of his own proof when he makes similar claims.

OP has been swiftly negged for hypocrisy.
Always Neg Back Crew.
post 1640506893 06-09-2021, 09:44 AM
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Originally Posted By Lefticle⏩
This



Also this



Most DEFINITELY this



It's hilarious how OP constantly demands proof of income or screams "FRAUD!", then fails to produce any of his own proof when he makes similar claims.

******* confirmed.
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