tag:blogger.com,1999:blog-22942769.post114547350705962918..comments2023-10-20T06:34:03.558-10:00Comments on Financial Freedumb: Maxing Out Your 401K and IRA, Rational?freedumbhttp://www.blogger.com/profile/06275608614809460033noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-22942769.post-1145560716580709132006-04-20T09:18:00.000-10:002006-04-20T09:18:00.000-10:00No, not insult taken...I think your argument is ve...No, not insult taken...I think your argument is very reasonable. I think it does make sense to put as much as possible away for retirement...match and tax advantages alone are enough reason. But it's not like this money is permanently locked away until retirement...you can still take it out if necessary...so it just makes sense all around...anyway, I don't plan on talking about retirement with him very often :) Yes, he is a good friend...we just don't agree on this point. TADollar, yeah I can't think of a better way to spend money either! Saving for the future...best purchase ever!freedumbhttps://www.blogger.com/profile/06275608614809460033noreply@blogger.comtag:blogger.com,1999:blog-22942769.post-1145554631873596522006-04-20T07:37:00.000-10:002006-04-20T07:37:00.000-10:00I thought more about this. Your friend is a fool....I thought more about this. Your friend is a fool. Why does he buy anything? Why not rent? Why work? Why save anything? Learn to be a great bartender, and travel the world, stopping over to tend bar for a few months each city at a time. Max out your credit cards while you're at it. <BR/><BR/>Why exercise? Why eat healthy? You could forgo the juicy steak for the grilled fish or salad, and get hit by a bus tomorrow, and what good did it do you?<BR/><BR/>I would say that your friend is just trying to be one of those naysayer contrarians, but if he really isn't saving in a Roth, well, I don't know.<BR/><BR/>Anyway, if he's a good friend, then I'm sorry if I unsulted him. But I just can't understand reasoning like this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22942769.post-1145509004537412322006-04-19T18:56:00.000-10:002006-04-19T18:56:00.000-10:00As TADollar mentioned, most of us will make it to ...As TADollar mentioned, most of us will make it to retirement age. Besides, it's simply smarter to plan for the future, but enjoy today. If he's so concerned, he should get the match on the 401k, and make his max roth contribution. He can take his principal out of his roth ira at any time without penalty.<BR/><BR/>Let him know that he's welcome to save outside of retirment plans, and he'll still be doing better than the majority of the population. But he will be forgoing a lot of tax benefit.Anonymousnoreply@blogger.com