Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.
Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.
A 401k lets you make money on the part that would have otherwise gone to taxes. Can you show an example with numbers where paying tax up front comes out ahead of paying tax at the end?
Nope I don’t have any examples. You should invest as you see fit, after doing your own research into the options.
It’s a gamble basically but I’m gambling that taxes will be higher than the little bit more I might make on gains from the extra pre-tax money.