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re: Why does Kiyosaki hate the 401k

Posted on 3/1/23 at 2:44 pm to
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
82295 posts
Posted on 3/1/23 at 2:44 pm to
you obviously have zero clue about what goes into buying right. i listed it for you. you think it is ONLY if you can get a property under market value?



Posted by Weagle25
THE Football State.
Member since Oct 2011
47316 posts
Posted on 3/1/23 at 3:33 pm to
quote:

Why does that matter didn't pay taxes now

Well if the tax rate changed to be 100% after your first $400K of income that would be pretty damn relevant don’t you think?

Obviously an extreme example but you need to consider what you think your tax rate is now vs later.
Posted by turkish
Member since Aug 2016
2120 posts
Posted on 3/1/23 at 3:36 pm to
You get awfully worked up for me to be such an idiot.
Posted by Grinder
Member since Nov 2007
2305 posts
Posted on 3/2/23 at 7:24 am to
quote:

Why does Kiyosaki hate the 401k


Not sure why he hates it. The most important part of retirement savings is pushing the money in. I prefer the pre-tax option because of current tax rate, but you can’t go wrong with either option. Pile in the money and watch it grow.
Posted by Yeti_Chaser
Member since Nov 2017
9869 posts
Posted on 3/2/23 at 10:33 am to
quote:

7-Point Checklist to Ensure Sustainability on Investment

Well all of Baton Rouge is ruled out
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