SECRET TAXES on your 401K #shorts

#motivation #success #money #shorts
SECRET TAXES on your 401K –

Secret but also not so secret… Post in comments your thoughts.

Cameron Long

Cameron Long

Cameron is a seasoned CFO and CPA with 31 years in finance. He created the AI Trader's Playbook to help everyday investors use AI to find high-confidence trades — in minutes, not hours.

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20 Comments

  1. The only reason you should have a 401k is if your employer matches because that’s a 100% ROI if you put whatever they’ll match.

    Anything after that you should put into a Roth IRA after paying taxes so you don’t have to pay the higher tax rates later down the line.

    What Grant is saying is 100% right this is just a YouTube short so they didn’t go that in depth here.

  2. Appreciate the recommendation! Bought XAI97K, expecting 10x returns. Major exchanges confirming listings. Your insights have always been on point. Looking forward to seeing where this investment goes, thanks for the valuable advice!

  3. You only pay taxes on the amount that you pull out as if it were income. So if you pull out 70k per year, then you only pay taxes on 70k that year. So if you’re making 140k today, without putting into your 401k you are absolutely paying more in taxes because your AGI is 140k instead of the 117k that it could be by maxing out your 401k contribution.

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