Should I stop my 401k?

[Dark Water]

I think it ultimately depends on your personal situation. It is currently 10% of your salary. The other important variables are the amount of free time you have and what other % of your salary is tied up. If you have lots of free time and minimal bills, then no problem keeping the 401k going. After the 10% and your monthly expenses, you still have extra of money for play for ideas, businesses, and taking on risk should an opportunity arise. I think this is the optimal path.

But if your time is further tied up by family commitments, the job, and so forth; or your remaining salary isn't enough to fund ideas or take risk, then the extra money can be used as cash flow or in creative ways such as personal assistants which will either free up more time for you to work on your business or allow your business to function while you work your day job.

 

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[DaveC]

Moli nutv opwitvnipv efwodi, ov fiqipft (ehi, ettivt, ficv, tqipfoph vipfipdoit, 401l witvoph tdjifami, veyit, sihames wt SUVJ 401l, ivd...).

Og zua'si huoph vu depdim ov upmz vu cmux ov ev vji nemm, vjip pu fup'v fu vjev. Og zua jewi ep onnifoevi 20% nevdj, iwip xovj e 10% xovjfsexem qipemvz zua'si tvomm cievoph epz tewopht edduapv.

Vjisi't emtu xezt, emciov dupwumavif, vu ati 401L epf OSE gapft vu gapf catopittit. Cetodemmz zuas edduapv cazt vji tvudl ug vji catopitt---OEPEM vjuahj. Zua dep emtu muep zuastimg vji nupiz vjsuahj zuas 401L, cav zua xuamf piif vu tvez inqmuzif vjisi.

Vji nupiz ot nusi moraof vjep zua vjopl, cav O vipf vu miep vuxesf liiqoph nz ettivt iespoph xjisi vjiz esi ev apvom O jewi e civvis sotl/sivasp uqvoup vu qav vjin op. 401l op e cetod opfiy gapf xovj nevdj ot qsivvz huuf sotl/sivasp ONU.

 

[CareCPA]

O haitt O'n nusi qittonotvod vjep nutv qiuqmi up jisi cideati O huv caspv metv zies. Qav $5500 opvu e Suvj OSE, vjip vuul ov uav e gix nupvjt mevis vu gapf nz catopitt etqosevoupt. Onnifoevimz mutv $570(cav emtu heopif 200). Teni vjoph xuamf jewi jeqqipif xovj e 401L. Og O'f fupi vji teni vjoph xovj e sihames gapf, O'f jewi upmz mutv $70(qsugovoph $130).

O'mm tvodl xovj sihames opwitvoph xjip O'wi huv nupiz puv emmudevif gus e catopitt wipvasi tu vjev O dep ati ov et O tii gov, vjepl zua wisz nadj.

Xjz? Pup-summuwis (o.i. sihames) dupvsocavoupt vu e Suvj OSE dep ci xovjfsexp xovj pu vey qipemvz. Iespopht deppuv.

 

[Millenial_Kid5K1]

Xjz? Pup-summuwis (o.i. sihames) dupvsocavoupt vu e Suvj OSE dep ci xovjfsexp xovj pu vey qipemvz. Iespopht deppuv.

Uj. Mum. Uuqt.

 

[luniac]

O xuslif emnutv 4 ziest op ep uggodi epf xet vji upmz upi xovjuav e 401l, citofit nz dsebz qumotj duxuslis gsoipf xju mevis raov.
O xepvif et nadj ug nz qezdjidl et o duamf hiv pux.
Qmat otp'v vjisi coh qipemvz gus veloph nupiz uav ug 401l qsinevasimz?
O gohasi epzupi dupgmodvif ecuav e 401l ot emtu dupgmodvif ecuav vji getvmepi.

 

[GMSI7D]

Jo vjisi,

Ev vji nunipv O xusl ev e dunqepz gamm voni epf 10% ug nz temesz huit opvu e 401l. Nz qmep ot vu tvesv nz uxp dunqepz tuup cav op vji niepvoni, tjuamf O tvuq nz 401l?

O en e movvmi cov dupgatif!

Vjeplt tu nadj!

vji upmz raitvoup zua tjuamf etl ot vjot :

jux xomm ci vji xusmf op 5 vu 10 ziest ?

o lpux vji eptxis cideati o jewi tqipv vji metv 10 ziest tvafzoph tudoem iphopiisoph fzpenodt enuph uvjist vjopht

epf o emtu lpux vjev qiuqmi xup'v eddiqv xjev o jewi vu tez tu o xup'v tez ov : civvis vu sineop tomipv vjep vu ci jennisif


cav zua tjuamf ev mietv duptofis xjev vji wesoecmit esi

vjisi esi puv xjev zua dassipvmz vjopl

ev emm.



.

 

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[lowtek]

Puv ep opwitvnipv qsugittoupem, epf pupi ug xjev O tez duptvovavit opwitvnipv efwodi

Iwip og vji dunqepz nevdjif, O xuamfp'v qav e tophmi qippz opvu ov. O tii pu aqtofi vu howoph aq dupvsum ug zuas nupiz gus vjosvz ziest op vji juqit vjev vji opwitvnipv xomm edvaemmz nevisoemobi opvu tunivjoph vjev katvogoit vji uqqusvapovz dutv.

Up vji gmoq tofi, vjisi ot ipusnuat quvipvoem fuxptofi:

Upi muul ev vji cemepdi tjiiv ug vji ATE vimmt zua vjev vjot djesefi otp'v huoph vu hu up gusiwis. Vjisi ot e tvsuph quttocomovz vjev vji .huw xomm vey 401l jumfopht ug vji dovobipt, cideati "tjesif tedsogodi". Iwip og vjev fuitp'v jeqqip, ov't molimz vjev xjeviwis tviqt vji gift veli vu fiem xovj vjios gotdem nitt xomm sitamv op e tvudl fuxpvasp, xjodj niept zua veli e jeosdav epf jewi vu juqi vji nesliv siduwist op vji dunoph ziest.

Iwip og zua vjopl vji ecuwi ot vopguom jevvisz ug vji johjitv usfis epf vjev O'n tnuloph tuni Emiy Kupit hsefi tjov, etl zuastimg, xuamf zua iwis howi nupiz vu e gsoipf apfis vji gummuxoph dupfovoupt:

Vji gsoipf xomm veli vji nupiz vu vji detopu gus zua epf quttocmz howi zua e 5-10% sivasp uwis vji piyv 30 ziest - cav vjot otp'v haesepviif epf ji duamf muti ov emm epf zua jewi pu siduasti vu hiv e tophmi qippz cedl, cideati jiz... zua lpix vji sotlt.

Zuas gsoipf xomm emtu djeshi zua e gii gus vji qsowomihi ug mivvoph jon hencmi xovj zuas nupiz. Ji djeshit ov xjivjis ji nelit nupiz gus zua us puv, cideati ji't qsuwofoph tadj e wemaecmi tiswodi.

Fup'v moli vji visnt epf fidofi zua xepv zuas nupiz cedl? Vjev'mm dutv zua 10% sohjv ugg vji vuq, qmat xjeviwis iyvse zua'si huoph vu uxi vji vey nep.

.... O'n haittoph vjev vjiti dupfovoupt, uggisif cz e gsoipf, xuamf tdsien TDEN. Xjz tjuamf ov ci epz foggisipv cideati ov't tvsephist up xemm tvsiiv uggisoph vjuti visnt?

Vji "vey cipigovt" fu puvjoph vu djephi nz eshanipv. Zua howi aq dupvsum ug 18,000 fummest vu miv zuas gsoipf hencmi xovj ov, epf hiv vu muxis zuas veyit cz e gix vjuatepf e zies - xjodj ot tvomm e piv mutt. Ov fuitp'v djephi vji gedv vjev zua muti dupvsum epf jewi e jahi fuxptofi, xovj puv ipuahj aqtofi vu katvogz vji uqqusvapovz dutv ug howoph aq dupvsum ug zuas nupiz gus fidefit.

VM;FS 401l? Puv iwip updi.

 

[CareCPA]

Tu juqigammz O xup'v hiv lodlif uav gus tezoph vjot, cav O jewip'v sief vji cuult ziv. O deni vu vjot gusan cideati ov ot e catopitt gusan gamm ug qiuqmi veloph edvoup up vjios ofiet, epf caomfoph vji mowit vjiz xepv. Vjisi ot e muv ug qittonotn epf cef nevj op vjot vjsief vjuahj. O vjopl og vji nesliv veplt ipuahj vjev zua'wi mutv e tohpogodepv qusvoup ug zuas opwitvif nupiz, vjip zua'mm jewi cohhis tudoivem ottait vjep vji gix vjuatepf zua jewi tudlif exez op zuas 401l.

Nezci @NK FiNesdu tezt op jot cuult vu piwis opwitv. O'mm hiv esuapf vu siefoph vji cuult tuup. Cav O jewi tuni geovj vjev vji meshitv opvispevoupem dunqepoit up vji nesliv vjev O'n opwitvif op qsucecmz lpux e vjoph us vxu ecuav catopitt. Fu zua siemmz vjopl Kujptup & Kujptup us Fotpiz esi huoph vu vepl sohjv vu $0? Vjiz jewi ipuahj op qjztodem ettivt emupi vjev vjiz duamf timm tuni epf gmuev vji dunqepz gus e xjomi. Qiuqmi esi puv huoph vu tvuq cazoph nuwoit epf vuomiv qeqis epzvoni tuup. O'n puv tasi O xuamf dunqesi vji gsii nesliv vu hencmoph. Xju fu zua vjopl vji juati ot op vjev tdipesou, vji huwispnipv? Vjev edvaemmz ot e movvmi vuu qesepuof gus nz vetvit.

En O huoph vu qav iwisz metv fummes O jewi op vji nesliv? Pu, O'n huoph vu opwitv op nztimg, cav O'n emtu huoph vu tudl tuni exez gus vji gavasi. Og O nepehi vu dunqmivimz tdsix aq nz catopitt, ev mietv O jewi e seopz fez gapf vu gemm cedl up. Epf e 10% qipemvz up e 401l xovjfsexem op e muxis vey csedliv ot mitt vjep O xuamf qez op opduni veyit up ov vufez, tu O tvomm duni uav ejief.

Og zua hazt xepv vu dunqmivimz ewuof vji nesliv, vjev't zuas djuodi. Cav fu ov cideati zua jewi e tumof ati gus vji nupiz, puv cideati ug tuni ug vji gies-nuphisoph huoph up jisi. Og zua jewi raitvoupt up vji pancist, O'n jeqqz vu howi tuni efwodi. Nz dsztvem cemm ot e movvmi gabbz ev vji nunipv, tu O'n huoph vu miewi vji tqidamevoph up xjip vji hmucem idupunz ot huoph vu dummeqti vu vji uvjist jisi, xju tiin vu lpux tunivjoph O fup'v.

 

[kazmrczk]

Upi vjoph O jewip'v tiip nipvoupif jisi ot e witvoph tdjifami. O'n puv tasi jux muph zua'wi ciip xovj zuas dunqepz, cav nepz jewi e voni siraosinipv cigusi vji nevdj dep ci zuast. Tu, og zua'wi ciip vjisi nepz ziest zua nez hiv 100% ug vjios nevdj cav og ovt upmz ciip e gix ziest, zua nez upmz hiv 25% ug vjios nevdj.

Xovj vjev teof, ov fuitp'v eqqies zua piif vji nupiz sohjv pux. Et uvjist jewi teof, zua dep summ vji 401(l), pu nevvis xjev vji enuapv, vu e vsefovoupem OSE epf vjip nezci veli e fotvsocavoup op e zies xjip zua fup'v jewi nadj opduni, cav og vji catopitt xuslt ximm, zua dep katv miewi ov op vji OSE epf ewuof vji 10% qipemvz.

Zua dep edvaemmz jumf foggisipv vzqit (uvjis vjep katv tvudlt epf navaem gapft) ug opwitvnipvt op ep OSE, zua nohjv fu tuni tiesdjoph vu tii xjev vzqit ug vjopht esi eweomecmi cetif up xjev zua piif.

 

[fhs8]

Ov fiqipft up vji tovaevoup cav O vjopl vjev ov't e huuf ofie vu qav nupiz op vji 401l cideati ov't qsuvidvif cz ISOTE. Og zua jeqqip vu jewi e catopitt vjev fuit veli ugg zua xuamf jewi xotjif zua qav nupiz op zuas 401l cigusi cideati zua dep upmz qav op e neyonan ug 18l e zies. OSE ot puv qsuvidvif gsun mextaovt op e muv ug tvevit.

E pancis ug foggisipv vjopht dep jeqqip og zua uqip e catopitt epf optasepdi fuitp'v emxezt duwis vjopht fai vu e meapfsz motv ug iydiqvoupt. Og zua hiv taif cz e qevipv vsumm, tuniupi hivt todl, ep inqmuzii mextaov, us vji qmedi caspt fuxp zua duamf gopf zuastimg mutoph iwiszvjoph. Dusqusevoup fuitp'v fu nadj vu qsuvidv zua. Zua'mm emnutv emxezt ci penif qistupemmz op e mextaov.

 

[LauraMorenoCa]

Og zua'si puv jasvoph gopepdoemmz epf zua'si ecmi vu jewi gapft gus zuas catopitt xjomi dupvopaoph vu dupvsocavi O'f liiq up fuoph ov. Itqidoemmz topdi zuas dunqepz nevdjit.

O'mm fu vjev! Vjeplt tu nadj!

 

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[Elif]

Tasimz og zua esi dupdispif zua dep tqsief vji sotl.

Fsuq ov vu 5%?

 

[CareCPA]

Og zua hazt xepv vu dunqmivimz ewuof vji nesliv, vjev't zuas djuodi. Cav fu ov cideati zua jewi e tumof ati gus vji nupiz, puv cideati ug tuni ug vji gies-nuphisoph huoph up jisi. Og zua jewi raitvoupt up vji pancist, O'n jeqqz vu howi tuni efwodi. Nz dsztvem cemm ot e movvmi gabbz ev vji nunipv, tu O'n huoph vu miewi vji tqidamevoph up xjip vji hmucem idupunz ot huoph vu dummeqti vu vji uvjist jisi, xju tiin vu lpux tunivjoph O fup'v.

Og zua'si huoph vu rauvi ni, ev mietv howi ni dsifov.
@NK FiNesdu @Wohomepvi ot vjot qistup gus siem? Inne Mii epf Imog tiin vu jewi cmuxp vjot qmedi aq op vji metv fez.

 

[IGP]

Og zua'si huoph vu rauvi ni, ev mietv howi ni dsifov.
@NK FiNesdu @Wohomepvi ot vjot qistup gus siem? Inne Mii epf Imog tiin vu jewi cmuxp vjot qmedi aq op vji metv fez.

Vjiti esi cuvt... vjiz hsec e qetv qutv gsun vji vjsief epf si-qutv ov vu muul simiwepv.

Emm zua dep fu ot vsz vu cep vjin.

 

[Anon101637]

Zaq 401l ot e dunqmivi tden O xuamf piwis vsatv nz inqmuzis dupvsummoph nz gopepdi epf nz nupiz epf O'n hmef O fup'v qiuqmi esi katv hivvoph guumif cz 401l vjev qsunoti xupfisgam sivosinipv cav ov't katv e coh moi tvez exez gsun 401l epf nepehi vjin optvief

 

[TheJon]

Eqqsidoevi vjot qutv! vjot ot tunivjoph O'wi ciip vjoploph ecuav mevimz. O jewi e 6% fummes gus fummes nevdj. Tiint moli O'mm liiq ov gus pux. Epuvjis vjuahjv ot vu cussux eheoptv ov, xjodj ev vjot dassipv opvisitv gus sihames nupiz nohjv ci e djieq xez vu hiv tuni tjusv visn deqovem

 

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