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Does 401k count as savings?

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Is this a real question?

likefunny

It’s your savings, but not an emergency fund. Or a new car fund. Or a home down payment fund. Or a start a new business fund.

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401k is a retirement plan - not as liquid as savings

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I mean I view them similar - in the concept of "saving"

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401k can be liquid in a hot minute as long as you’re okay with taking a tax hit. It’s always money you can access, but the penalties for doing it before retirement age suck

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Roth 401k is also more liquid since it’s already post tax (not saying withdrawals are good)

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It's a retirement savings account 🤣🤣🤣

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I view them as different. 401K and IRA are retirement funds I do not touch. They get maxed out. On top of that, my “savings” is also a specific amount I put aside every month (don’t really have savings account, but rather a brokerage account for investing which I call “savings”) Hope this helps.

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I guess it depends on if you’re investing individual stocks or something more stable. I keep 20k in hysa. I don’t add to it or touch it. The rest goes into investing.

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It counts as retirement

Illiquid savings

Heck yes it does

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