Did you say not to invest? Yes, you said “To actually save, you better really like tuna fish sandwiches.” I paraphrased because that is one of the stupidest statements I’ve ever heard when discussing investments. Though, if I talk to you more, I’m sure you’ll break that record daily.
Did you show us all that you don’t understand taxes? Yes, because you said, “…you pay the full income tax rate on it when you are eventually forced to withdraw it.” Showing that you do not understand how capital gains or adjusted gross income work on a 1099 tax form for deciding your end of year tax burden. Nor do you understand that paying tax while your making $100k or more a year is not the same as when you retire and your only source of income is either social security, dividends, weekly withdrawals, or a mix.
Did I say not to listen to your bad advice? Yes, because clearly you don’t have a clue what you are talking about.
I’ll say you won this argument. This whole thing is actually my fault and I should have known better from your first reply. Never argue with an idiot, they will drag you down and beat you with experience.
Your reading comprehension issues do not speak well to your advisory abilities.
Then let’s review, shall we.
Did you say 401ks are scams? Yes, verbatim.
Did you say not to invest? Yes, you said “To actually save, you better really like tuna fish sandwiches.” I paraphrased because that is one of the stupidest statements I’ve ever heard when discussing investments. Though, if I talk to you more, I’m sure you’ll break that record daily.
Did you show us all that you don’t understand taxes? Yes, because you said, “…you pay the full income tax rate on it when you are eventually forced to withdraw it.” Showing that you do not understand how capital gains or adjusted gross income work on a 1099 tax form for deciding your end of year tax burden. Nor do you understand that paying tax while your making $100k or more a year is not the same as when you retire and your only source of income is either social security, dividends, weekly withdrawals, or a mix.
Did I say not to listen to your bad advice? Yes, because clearly you don’t have a clue what you are talking about.
I’ll say you won this argument. This whole thing is actually my fault and I should have known better from your first reply. Never argue with an idiot, they will drag you down and beat you with experience.