My Husband And I Thought Education Was A Way Out Of Poverty. Now We’re $718,000 In Debt.

[Dameon Farrow]

If you're 700k+ in debt and don't have something tangible to show for it it's time to flee the country or change your name or something. No way I'd be able to face myself in the mirror.

 

[slikkp]

Moving the goal posts bruh... The money comes from other investments bruh. I'm not saying DON'T have a 401k. My point is that the 401k has opportunity costs associated. I like the liquidity of days like to day where the stock market took a 700 point loss in a single day. I like to be able to buy bitcoin at 4500 a year ago. I like to be able to pull every dollar out and start a business.

Actually my argument has been the same across all my responses pointing to the tax benefits afforded by 401ks.

You incorrectly stated that brokerage accounts afford you some tax avoidance because of capital gains and I pointed out that in order for you to invest in a brokerage account you have to pay payroll taxes i.e. post tax money while 401ks are filled with pre tax money. The goal post has been the same on my end the entire time.

Salute to you for your investments and I wish you wealth and health g.