MultiversX Tracker is Live!

100% into Bitcoin or start a 401k?

Bitcoin Reddit

More / Bitcoin Reddit 96 Views

I’ll be making an unusual amount this month - grossing ~ $25k and I’ll probably pay ~ $7k in taxes from this paycheck .. should I just suck it up and pay my dues and then buy bitcoin with my net proceeds (as I’ve been) or should I use this as an opportunity to start a 401k ?

My managers are trying to convince me to open a 401k since the company matches 4% or something like that. I’ll be honest, Ive been a complete Bitcoin maxi for the past 5 years and have not been open to the idea of diversifying. It makes sense for me to take the hit and pay tons of taxes per paycheck if it means I’ll be saving in bitcoin.

Should I open a 401k and do both? I just don’t like the idea of my money growing via index vs. Bitcoin. But I do like the idea of paying less taxes ? Can anyone with a good understanding of 401ks give me a perspective ?

submitted by /u/Mysterious-Spare6571
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments