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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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Well, how much do you have in your 401K and how old are you?
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<p>[QUOTE="Anonymous, post: 4834036"]WRONG answer. Even if the cash was in a taxable account, he doesn't have enough. Further, if he wanted to retire that early, he should have planned further in advance.</p><p><br /></p><p>Also, if he would have avoided the 401K, he would have had to pay income tax instead of getting the tax deferral in the 401K. As such, his balance would have been considerably smaller than what he has now.</p><p><br /></p><p>Tax deferral (such as 401K's) are one of the few tax advantaged programs to help people out. You can have similar investment inside and outside of a 401K, but the tax deferral over the course of time helps you to accumulate a much larger amount. Anyone that can run a spreadsheet can figure this out. For those uninformed, try running and analysis running the S&P 500 in a taxable account and then run it through a deferred account and see what you get.</p><p><br /></p><p>Notice that the doom and gloom morons on this thread can't link to any facts.[/QUOTE]</p><p><br /></p>
[QUOTE="Anonymous, post: 4834036"]WRONG answer. Even if the cash was in a taxable account, he doesn't have enough. Further, if he wanted to retire that early, he should have planned further in advance. Also, if he would have avoided the 401K, he would have had to pay income tax instead of getting the tax deferral in the 401K. As such, his balance would have been considerably smaller than what he has now. Tax deferral (such as 401K's) are one of the few tax advantaged programs to help people out. You can have similar investment inside and outside of a 401K, but the tax deferral over the course of time helps you to accumulate a much larger amount. Anyone that can run a spreadsheet can figure this out. For those uninformed, try running and analysis running the S&P 500 in a taxable account and then run it through a deferred account and see what you get. Notice that the doom and gloom morons on this thread can't link to any facts.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
General Discussion
>
Industry Veterans
>
Well, how much do you have in your 401K and how old are you?
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
General Discussion
>
Industry Veterans
>
Well, how much do you have in your 401K and how old are you?
>