\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Just a chill improbable bordering on impossible $1600000k 401k balance

What? It’s perfectly believable.
Appetizing trailer park
  07/06/24
What's your balance again, champ?
light histrionic fortuitous meteor athletic conference
  07/06/24
I have like 3 401000Ks from various employers, plus an IRA, ...
Appetizing trailer park
  07/06/24
Can an HSA pay for a Hair Transplant? What's your Balance? A...
light histrionic fortuitous meteor athletic conference
  07/06/24
I don’t have to answer these questions.
Appetizing trailer park
  07/06/24
IRL lmao’ing
Contagious Red School
  07/06/24
...
light histrionic fortuitous meteor athletic conference
  07/06/24
partners can allegedly contribute 60k a year
kink-friendly wagecucks water buffalo
  07/06/24
just let the half century old lawyers make up some shit to i...
very tactful heady faggotry theater stage
  07/06/24
what a joke
Appetizing trailer park
  07/06/24
OYT is maf at those of us who will retire with $8m plus in 4...
vivacious church
  07/06/24
His Lost years were during the nadir of the stock market. He...
light histrionic fortuitous meteor athletic conference
  07/06/24
It’s weird that he thinks it’s impossible to hav...
vivacious church
  07/06/24
Also I poasted before that my wife and I had around a mil ea...
vivacious church
  07/06/24
That’s intellectually dishonest tbh. I don’t bla...
light histrionic fortuitous meteor athletic conference
  07/06/24
the total amount in retirement accounts is like $1.7 million...
vivacious church
  07/06/24
How am I poor? Your a joke.
light histrionic fortuitous meteor athletic conference
  07/06/24
aren't you underemployed and make like $20 an hour or someth...
vivacious church
  07/06/24
you are correct, cowgod is extremely Poor and still lives of...
Topaz crawly digit ratio elastic band
  07/06/24
I make 0k. I’m not some wagecuck Loser.
light histrionic fortuitous meteor athletic conference
  07/06/24
just a chill 70% annual return rate in index funds.
frozen aggressive school cafeteria mad cow disease
  07/06/24
this place is full of financially retarded people. go her...
vivacious church
  07/06/24
and your plan to turn $1.7M into $2M+ in “a few months...
frozen aggressive school cafeteria mad cow disease
  07/06/24
i haven't stopped saving yet. between contributions and gain...
vivacious church
  07/06/24
you’re the one being financially retarded atm. SPY is ...
light histrionic fortuitous meteor athletic conference
  07/06/24
over the course of the next few months, how much in “s...
frozen aggressive school cafeteria mad cow disease
  07/07/24
710k isn't really "around" a million. It's closer...
Seedy Hairy Legs
  07/06/24
i was conflating the 401k balance with the roth balance. tho...
vivacious church
  07/06/24
the Lost Years
Appetizing trailer park
  07/09/24
i sucked a lot of dicks during that time
vivacious church
  07/10/24
180
very tactful heady faggotry theater stage
  07/07/24


Poast new message in this thread



Reply Favorite

Date: July 6th, 2024 6:48 PM
Author: Appetizing trailer park

What? It’s perfectly believable.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815802)



Reply Favorite

Date: July 6th, 2024 6:48 PM
Author: light histrionic fortuitous meteor athletic conference

What's your balance again, champ?

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815803)



Reply Favorite

Date: July 6th, 2024 6:50 PM
Author: Appetizing trailer park

I have like 3 401000Ks from various employers, plus an IRA, plus an HSA.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815809)



Reply Favorite

Date: July 6th, 2024 6:52 PM
Author: light histrionic fortuitous meteor athletic conference

Can an HSA pay for a Hair Transplant? What's your Balance? And your Net Worth?

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815818)



Reply Favorite

Date: July 6th, 2024 6:54 PM
Author: Appetizing trailer park

I don’t have to answer these questions.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815823)



Reply Favorite

Date: July 6th, 2024 8:01 PM
Author: Contagious Red School

IRL lmao’ing

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815996)



Reply Favorite

Date: July 6th, 2024 8:05 PM
Author: light histrionic fortuitous meteor athletic conference



(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816007)



Reply Favorite

Date: July 6th, 2024 6:49 PM
Author: kink-friendly wagecucks water buffalo

partners can allegedly contribute 60k a year

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815805)



Reply Favorite

Date: July 6th, 2024 6:50 PM
Author: very tactful heady faggotry theater stage

just let the half century old lawyers make up some shit to impress the profoundly mentally ill and credulous post-wall dog woman, okay?

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815812)



Reply Favorite

Date: July 6th, 2024 7:28 PM
Author: Appetizing trailer park

what a joke

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815918)



Reply Favorite

Date: July 6th, 2024 7:31 PM
Author: vivacious church

OYT is maf at those of us who will retire with $8m plus in 401k balances alone

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815924)



Reply Favorite

Date: July 6th, 2024 7:56 PM
Author: light histrionic fortuitous meteor athletic conference

His Lost years were during the nadir of the stock market. He had No Job and No 401k. He fucked himself out of 10x gains heretofore.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815988)



Reply Favorite

Date: July 6th, 2024 8:29 PM
Author: vivacious church

It’s weird that he thinks it’s impossible to have a large 401k balance.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816063)



Reply Favorite

Date: July 6th, 2024 8:30 PM
Author: vivacious church

Also I poasted before that my wife and I had around a mil each. Her balance is 850k and mines like 710k. We each have around 100k in Roth balances. I was lumping both together.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816066)



Reply Favorite

Date: July 6th, 2024 9:36 PM
Author: light histrionic fortuitous meteor athletic conference

That’s intellectually dishonest tbh. I don’t blame him. And that’s some major rounding up.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816289)



Reply Favorite

Date: July 6th, 2024 9:46 PM
Author: vivacious church

the total amount in retirement accounts is like $1.7 million. it'll be over 2 million in a few months.

you otoh are poor.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816323)



Reply Favorite

Date: July 6th, 2024 9:47 PM
Author: light histrionic fortuitous meteor athletic conference

How am I poor? Your a joke.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816327)



Reply Favorite

Date: July 6th, 2024 10:00 PM
Author: vivacious church

aren't you underemployed and make like $20 an hour or something? apologies if i have this wrong.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816359)



Reply Favorite

Date: July 6th, 2024 10:02 PM
Author: Topaz crawly digit ratio elastic band

you are correct, cowgod is extremely Poor and still lives off modest Gamestop gains from years ago

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816362)



Reply Favorite

Date: July 6th, 2024 10:38 PM
Author: light histrionic fortuitous meteor athletic conference

I make 0k. I’m not some wagecuck Loser.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816495)



Reply Favorite

Date: July 6th, 2024 10:04 PM
Author: frozen aggressive school cafeteria mad cow disease

just a chill 70% annual return rate in index funds.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816367)



Reply Favorite

Date: July 6th, 2024 10:26 PM
Author: vivacious church

this place is full of financially retarded people.

go here: https://www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1%2C000%2C000&cstartingprinciplev=1%2C900%2C000&cyearsv=20&cinterestratev=8&ccompound=annually&ccontributeamountv=0&cadditionat1=end&ciadditionat1=monthly&printit=0&x=Calculate#calresult

$1.9 million with an 8% return, with no additional principal added, will be $8.8 million in 20 years. that return rate might be overly aggressive given that you should be extremely cautious when running these numbers, but i think it's realistic given that the s&p has returned like 10% or more over the last 30 years.

at a minimum, we will continue maxing out retirement accounts for the next 5 years. assuming we do that and then cut off all retirement savings, we'll have just over $10m in 20 years.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816458)



Reply Favorite

Date: July 6th, 2024 10:33 PM
Author: frozen aggressive school cafeteria mad cow disease

and your plan to turn $1.7M into $2M+ in “a few months” is also premised on 8% returns?

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816476)



Reply Favorite

Date: July 6th, 2024 10:48 PM
Author: vivacious church

i haven't stopped saving yet. between contributions and gains last year, the accounts went up approx 200k.

so assuming returns are similar to last year, we will hit 2 mil if not by the end of the year, early next year. i also have an equity payout coming in feb. that should be more than $150k after taxes are withheld.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816515)



Reply Favorite

Date: July 6th, 2024 11:21 PM
Author: light histrionic fortuitous meteor athletic conference

you’re the one being financially retarded atm. SPY is up a stupid amount in the last year+ bc it dumped before that.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816589)



Reply Favorite

Date: July 7th, 2024 12:28 AM
Author: frozen aggressive school cafeteria mad cow disease

over the course of the next few months, how much in “savings” are you planning to contribute specifically to the tax-advantaged retirement accounts you referenced above and that are the explicit topic of this thread?

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816683)



Reply Favorite

Date: July 6th, 2024 10:45 PM
Author: Seedy Hairy Legs

710k isn't really "around" a million. It's closer to half a million. but it's still an impressive amount to have in your 401k, unless you're like 50.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816506)



Reply Favorite

Date: July 6th, 2024 10:52 PM
Author: vivacious church

i was conflating the 401k balance with the roth balance. those two added together are $821k. Wife's total adding both accounts is $932k, so the total is $1.7 mil. then we have another ~$80k in taxable index funds and $150k in crypto.

45 years old, so this may seem unimpressive, but our total net worth 10 years ago was about 400k. i got a late start saving.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816532)



Reply Favorite

Date: July 9th, 2024 11:34 AM
Author: Appetizing trailer park

the Lost Years

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47823903)



Reply Favorite

Date: July 10th, 2024 9:45 AM
Author: vivacious church

i sucked a lot of dicks during that time

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47827230)



Reply Favorite

Date: July 7th, 2024 6:25 PM
Author: very tactful heady faggotry theater stage

180

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47818319)