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re: How much of an emergency fund do I really need?
Posted on 3/5/15 at 12:09 am to Volvagia
Posted on 3/5/15 at 12:09 am to Volvagia
quote:
For a third time, I was only trying to disprove the notion that a taxable account needs to play catch up on day one because of taxes.
Not to stress you out anymore, but your example didn't prove anything.
In your attempt to simplify the topic, you made some pretty faulty assumptions. Everything was fine and dandy until you taxed the 401k @ 25% upon withdrawal...
/thread hijack
1
Posted on 3/5/15 at 12:27 pm to slackster
Alright, tell me how to best prove how there isn't a catch up value that a taxable account needs to immediately make?
Compare values if you attempt to withdraw the 401k contribution a week later? And negate the penalty well, just because to make it fair?
Compare values if you attempt to withdraw the 401k contribution a week later? And negate the penalty well, just because to make it fair?
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