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re: Are any of y'all anti- 401K or IRA

Posted on 5/3/13 at 9:18 am to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65066 posts
Posted on 5/3/13 at 9:18 am to
I hate 401K's. I mean who wants to be matched dollar for dollar up to 6% of contributions and have their money grow tax deferred for 30 years? That's a horrible deal all the way around. Oh and I also dislike IRA's. I prefer to be taxed heavily on my money instead of that shite growing tax deferred. I can't cut the government out of their fair share.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11695 posts
Posted on 5/3/13 at 9:21 am to
Listen, I see it the same way. I just wanted to open this up for debate. I'm curious what his alternative retirement vehicles are, but like I said, I don't want to be inundated by his info either.
This post was edited on 5/3/13 at 9:22 am
Posted by BayouBengal
Member since Nov 2003
28275 posts
Posted on 5/8/13 at 11:45 am to
quote:

I hate 401K's. I mean who wants to be matched dollar for dollar up to 6% of contributions and have their money grow tax deferred for 30 years? That's a horrible deal all the way around. Oh and I also dislike IRA's. I prefer to be taxed heavily on my money instead of that shite growing tax deferred. I can't cut the government out of their fair share.


And Roth, who wants to pay the lower tax now assuming their income will growth and taxes increase. Tax free money in 30 or 40 years? Pfffft.
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