Current Events > Retirement accounts make my head hurt

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_BlueMonk 07/30/21 10:43:23 AM #1:	like, the idea is that you save money while getting a tiny bit of interest but also can avoid tax. how much tax? depends on when you pay. what will that be? who knows! what will the tax rate be in 50 years? will i be rich when im 65? will i be poor when im 65? or will i be fucking dead this shit is a scam. im just going to buy bitcoin fuck banks --- JISOO JISOO <cite>_BlueMonk posted [p:956608096] in Retirement... [t:79590344]...</cite> <quote>like, the idea is that you save money while getting a tiny bit of interest but also can avoid tax. how much tax? depends on when you pay. what will that be? who knows! what will the tax rate be in 50 years? will i be rich when im 65? will i be poor when im 65? or will i be fucking dead this shit is a scam. im just going to buy bitcoin fuck banks </quote> ... Copied to Clipboard!
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Giant_Aspirin 07/30/21 10:53:47 AM #3:	_BlueMonk posted... how much tax? depends on when you pay. depends on your income level and how much you set aside. _BlueMonk posted... what will that be? who knows! im not sure what you're asking here. _BlueMonk posted... this shit is a scam. im just going to buy bitcoin fuck banks how is investment a "scam"? assuming your other financial needs are met, the only downside is that you're unable to enjoy your money now because, as you said, there's a chance you could die before you retire. [LFAQs-redacted-quote] this post is not helpful. what's the point of this other than to take a dig at TC? --- Playing: Yakuza 5 Remaster You see it your way, I'll see it mine and I'll be fine <cite>Giant_Aspirin posted [p:956608374] in Retirement... [t:79590344]...</cite> <quote>_BlueMonk posted... </cite> <quote>how much tax? depends on when you pay.</quote> depends on your income level and how much you set aside. _BlueMonk posted... </cite> <quote>what will that be? who knows!</quote> im not sure what you're asking here. _BlueMonk posted... </cite> <quote>this shit is a scam. im just going to buy bitcoin fuck banks</quote> how is investment a "scam"? assuming your other financial needs are met, the only downside is that you're unable to enjoy your money now because, as you said, there's a chance you could die before you retire. <cite>[LFAQs-redacted-quote]</cite> this post is not helpful. what's the point of this other than to take a dig at TC? </quote> ... Copied to Clipboard!
Sad_Face 07/30/21 10:54:11 AM #4:	_BlueMonk posted... this s* is a scam. im just going to buy bitcoin f* banks That's the spirit. Retirement accounts for are people who are too risk adverse and don't put in the time to learn about investing. --- https://imgur.com/WmIB016 https://imgur.com/53FGj6K <cite>Sad_Face posted [p:956608382] in Retirement... [t:79590344]...</cite> <quote>_BlueMonk posted... </cite> <quote>this s* is a scam. im just going to buy bitcoin f* banks</quote> That's the spirit. Retirement accounts for are people who are too risk adverse and don't put in the time to learn about investing. </quote> ... Copied to Clipboard!
bigblu89 07/30/21 10:54:40 AM #5:	Wow. Tell me you don't know a thing about investing without telling me you don't know a thing about investing. --- It takes zero effort to be a good person. <cite>bigblu89 posted [p:956608393] in Retirement... [t:79590344]...</cite> <quote>Wow. Tell me you don't know a thing about investing without telling me you don't know a thing about investing. </quote> ... Copied to Clipboard!
_BlueMonk 07/30/21 10:55:20 AM #6:	Giant_Aspirin posted... how is investment a "scam"? this guy probably has a picture of Jeff Bezos on his wall! get out of here banker! FUCK IT IM BUYING 3000 DOLLARS WORTH OF DOGE WERE GOING BACK OT THE MOON! --- JISOO JISOO <cite>_BlueMonk posted [p:956608417] in Retirement... [t:79590344]...</cite> <quote>Giant_Aspirin posted... </cite> <quote>how is investment a "scam"? </quote>this guy probably has a picture of Jeff Bezos on his wall! get out of here banker! FUCK IT IM BUYING 3000 DOLLARS WORTH OF DOGE WERE GOING BACK OT THE MOON! </quote> ... Copied to Clipboard!
krazychao5 07/30/21 10:55:28 AM #7:	technically your bitcoin could be your retirement account too --- https://supermariomakerbookmark.nintendo.net/profile/bigllama?type=posted <cite>krazychao5 posted [p:956608420] in Retirement... [t:79590344]...</cite> <quote>technically your bitcoin could be your retirement account too </quote> ... Copied to Clipboard!
_BlueMonk 07/30/21 10:57:30 AM #8:	krazychao5 posted... technically your bitcoin could be your retirement account too AW SHIT --- JISOO JISOO <cite>_BlueMonk posted [p:956608491] in Retirement... [t:79590344]...</cite> <quote>krazychao5 posted... </cite> <quote>technically your bitcoin could be your retirement account too</quote>AW SHIT </quote> ... Copied to Clipboard!
krazychao5 07/30/21 10:58:45 AM #9:	_BlueMonk posted... AW SHIT your pokemon cards could be a retirement account too.... --- https://supermariomakerbookmark.nintendo.net/profile/bigllama?type=posted <cite>krazychao5 posted [p:956608526] in Retirement... [t:79590344]...</cite> <quote>_BlueMonk posted... </cite> <quote>AW SHIT</quote>your pokemon cards could be a retirement account too.... </quote> ... Copied to Clipboard!
Giant_Aspirin 07/30/21 10:59:54 AM #10:	_BlueMonk posted... this guy probably has a picture of Jeff Bezos on his wall! get out of here banker! FUCK IT IM BUYING 3000 DOLLARS WORTH OF DOGE WERE GOING BACK OT THE MOON! nah, Bezos is a dick. i just really don't like working. i've been fortunate enough to be able to save for retirement since i was 23. i've watched the magic of investment grow my money over the last 15 years. --- Playing: Yakuza 5 Remaster You see it your way, I'll see it mine and I'll be fine <cite>Giant_Aspirin posted [p:956608549] in Retirement... [t:79590344]...</cite> <quote>_BlueMonk posted... </cite> <quote>this guy probably has a picture of Jeff Bezos on his wall! get out of here banker! FUCK IT IM BUYING 3000 DOLLARS WORTH OF DOGE WERE GOING BACK OT THE MOON!</quote> nah, Bezos is a dick. i just really don't like working. i've been fortunate enough to be able to save for retirement since i was 23. i've watched the magic of investment grow my money over the last 15 years. </quote> ... Copied to Clipboard!
AngelsNAirwav3s 07/30/21 11:00:58 AM #11:	Is this the same guy who just went through bankruptcy? I cant remember --- Hello world! <cite>AngelsNAirwav3s posted [p:956608576] in Retirement... [t:79590344]...</cite> <quote>Is this the same guy who just went through bankruptcy? I cant remember </quote> ... Copied to Clipboard!
_BlueMonk 07/30/21 11:01:02 AM #12:	krazychao5 posted... your pokemon cards could be a retirement account too.... now this i understand. i have a original base set charizard card. lets see how much ill be retiring on https://www.ebay.com/itm/124827897278? SHIT --- JISOO JISOO <cite>_BlueMonk posted [p:956608579] in Retirement... [t:79590344]...</cite> <quote>krazychao5 posted... </cite> <quote>your pokemon cards could be a retirement account too....</quote>now this i understand. i have a original base set charizard card. lets see how much ill be retiring on https://www.ebay.com/itm/124827897278? SHIT </quote> ... Copied to Clipboard!
nothanks1 07/30/21 11:03:42 AM #13:	AngelsNAirwav3s posted... Is this the same guy who just went through bankruptcy? I cant remember And got married for the first time to the same woman 3 times and had the wife give birth multiple times this year also he spent 3 years pretending to be his friend on ce while the 'real' tc was in Korea Oh and he's a level one helpdesk making six figures <cite>nothanks1 posted [p:956608639] in Retirement... [t:79590344]...</cite> <quote>AngelsNAirwav3s posted...</cite> <quote>Is this the same guy who just went through bankruptcy? I cant remember </quote> And got married for the first time to the same woman 3 times and had the wife give birth multiple times this year also he spent 3 years pretending to be his friend on ce while the 'real' tc was in Korea Oh and he's a level one helpdesk making six figures</quote> ... Copied to Clipboard!
SK8T3R215 07/30/21 11:08:54 AM #14:	Love to read LARP topics on CE from high schoolers with no real friends --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:956608791] in Retirement... [t:79590344]...</cite> <quote>Love to read LARP topics on CE from high schoolers with no real friends </quote> ... Copied to Clipboard!
_BlueMonk 07/30/21 11:10:17 AM #15:	whos posting --- JISOO JISOO <cite>_BlueMonk posted [p:956608847] in Retirement... [t:79590344]...</cite> <quote>whos posting </quote> ... Copied to Clipboard!
What_ 07/30/21 11:10:50 AM #16:	nothanks1 posted... And got married for the first time to the same woman 3 times and had the wife give birth multiple times this year also he spent 3 years pretending to be his friend on ce while the 'real' tc was in Korea Oh and he's a level one helpdesk making six figures <cite>What_ posted [p:956608860] in Retirement... [t:79590344]...</cite> <quote>nothanks1 posted... </cite> <quote>And got married for the first time to the same woman 3 times and had the wife give birth multiple times this year also he spent 3 years pretending to be his friend on ce while the 'real' tc was in Korea Oh and he's a level one helpdesk making six figures</quote> </quote> ... Copied to Clipboard!
_BlueMonk 07/30/21 11:15:01 AM #17:	who ever is posting stop --- JISOO JISOO <cite>_BlueMonk posted [p:956608986] in Retirement... [t:79590344]...</cite> <quote>who ever is posting stop </quote> ... Copied to Clipboard!
cuttin_in_farm 07/30/21 11:16:20 AM #18:	If you have a retirement account, but invest in it, then sure. Its not THAT useful. But the idea is to invest to have gains that wont be taxed. That is a massive advantage. A roth, for example, is already taxed contributions. But any interest or gains you make in the account from investing are tax free (so long as you wait five years and other eligibility requirements.). Traditional will tax everything later. But imo, the easiest way to simply things. Think youll have more income later as opposed to today? Roth. Think youll have more income now as opposed to later? Traditional. Theres business retirement accounts and other types, but you should ask questions instead of being frustrated, TC. Most of it is actually kinda simple. --- A show of kindness may not do much help, but a show of cruelty may do much harm. <cite>cuttin_in_farm posted [p:956609012] in Retirement... [t:79590344]...</cite> <quote>If you have a retirement account, but invest in it, then sure. Its not THAT useful. But the idea is to invest to have gains that wont be taxed. That is a massive advantage. A roth, for example, is already taxed contributions. But any interest or gains you make in the account from investing are tax free (so long as you wait five years and other eligibility requirements.). Traditional will tax everything later. But imo, the easiest way to simply things. Think youll have more income later as opposed to today? Roth. Think youll have more income now as opposed to later? Traditional. Theres business retirement accounts and other types, but you should ask questions instead of being frustrated, TC. Most of it is actually kinda simple. </quote> ... Copied to Clipboard!
_BlueMonk 07/30/21 11:17:05 AM #19:	cuttin_in_farm posted... But the idea is to invest to have gains that wont be taxed. That is a massive advantage. but what if i like paying taxes because they contribute to my community!? --- JISOO JISOO <cite>_BlueMonk posted [p:956609038] in Retirement... [t:79590344]...</cite> <quote>cuttin_in_farm posted... </cite> <quote>But the idea is to invest to have gains that wont be taxed. That is a massive advantage.</quote>but what if i like paying taxes because they contribute to my community!? </quote> ... Copied to Clipboard!
ROOTFayth 07/30/21 11:18:07 AM #20:	JustMyOpinion posted... Yikes. Your lack of financial literacy is astounding. to be fair it is garbage, way higher ev options out there <cite>ROOTFayth posted [p:956609062] in Retirement... [t:79590344]...</cite> <quote>JustMyOpinion posted... </cite> <quote>Yikes. Your lack of financial literacy is astounding.</quote>to be fair it is garbage, way higher ev options out there </quote> ... Copied to Clipboard!
Giant_Aspirin 07/30/21 11:18:42 AM #21:	_BlueMonk posted... but what if i like paying taxes because they contribute to my community!? you're free to overpay on your taxes, the IRS won't reject the extra income. --- Playing: Yakuza 5 Remaster You see it your way, I'll see it mine and I'll be fine <cite>Giant_Aspirin posted [p:956609085] in Retirement... [t:79590344]...</cite> <quote>_BlueMonk posted... </cite> <quote>but what if i like paying taxes because they contribute to my community!?</quote> you're free to overpay on your taxes, the IRS won't reject the extra income. </quote> ... Copied to Clipboard!
Tyranthraxus 07/30/21 11:19:27 AM #22:	_BlueMonk posted... now this i understand. i have a original base set charizard card. lets see how much ill be retiring on https://www.ebay.com/itm/124827897278? SHIT That's the unlimited version. Of course it's worth shit. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:956609112] in Retirement... [t:79590344]...</cite> <quote>_BlueMonk posted... </cite> <quote>now this i understand. i have a original base set charizard card. lets see how much ill be retiring on https://www.ebay.com/itm/124827897278? SHIT</quote>That's the unlimited version. Of course it's worth shit. </quote> ... Copied to Clipboard!
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Current Events > Retirement accounts make my head hurt (+) Yeah! (+)

Current Events > Retirement accounts make my head hurt