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> max out 401k plan works What are the advantages of 401k instead of say dumping it into half-VOO half-crypto and making millions one way or another?
by dheera 5y ago
> max out 401k plan works
What are the advantages of 401k instead of say dumping it into half-VOO half-crypto and making millions one way or another?
- MattGaiser 5y agoA 401K is a box, not a specific investment. You can put things like VOO in the box. Anything in the box is tax advantaged however.
- whateveracct 5y agoTax advantages basically mean you make the dollars invested inherently worth more
- pushrax 5y agoThe variance in potential outcomes of holding VOO is much, much lower than the variance of holding crypto. Buying VOO buys a share of the profits of the work of many millions of people. It also speculates that other people will continue to want to buy those profits. Buying a token only speculates that more people will want to buy that particular token. It's much harder to project that people will continue to want it.
- zhdc1 5y agoTax deferment and stability.
- tamaharbor 5y agoAnd hopefully, taxes will be same or lower when you retire.