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Sorry, but let me get this straight. There are people out there that buy stocks before contributing to their 401k's? Aren't 401's tax deferable? Aren't normal c
by run4yourlives 18y ago
Sorry, but let me get this straight. There are people out there that buy stocks before contributing to their 401k's? Aren't 401's tax deferable? Aren't normal capital gains taxable?
This is about as dumb as putting money into your savings account before paying off your cc debt.
Math. I suppose it's not everyone's strong point.
- nostrademons 18y ago401ks often get a company match as well, which is a wonderful thing.
- comatose_kid 18y agoAnd you can trade individual stocks in your 401k.
- njharman 18y agoI can't.
- comatose_kid 18y agoI should have qualified that - your company's 401k partner needs to support it. We use fidelity where I work, and you can sign up for a self directed brokerage link account. This is a relatively new option for us.