I’m 25. Not a saver. Never have been. I’m not sure why, but I dislike the idea of locking money away in a 401K. Is saving really that important? Are there non 401K options?

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The other options are to inherit, win the lottery or just happen upon enough money to cover all your needs, wants and desires. I suppose you could also create an app like every other 20 something and watch the money just roll in. Oh and finally, you could rely on Social Security and Medicaid once you run out of money in retirement and eat cat food, Mac N Cheese or beans once a day while you rely on others to pay for your care and well being.

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“Money only speaks one language: ‘If you save me today, I will save you tomorrow.’”

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401k is a good idea because of the pretax nature and employer match. You could always save on your own, but you’d be leaving the match money on the table, which can be significant depending on the firm

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I believe sometimes you can use instagrams of your Gucci loafers as a house down payment so you should be fine

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Work until you die!

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You can grow money and withdraw it tax free if you want.

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There must be some kind of therapy for aversion to sensible saving.

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Point is: rational behaviour would dictate a certain course of action. However, people chose to go in a different direction. I cannot be bothered too much by someone who does not want to save and wants to work until they die. I worry about the broader ignorance that does affect others...

Matching and taxes, run the numbers. You are young compound interest works in your favor. What is your tax bracket now? What will it be when you quit working?

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Oh, and you can borrow against it with a low interest later(which you are paying yourself back)

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How else are you planning to retire? Do you really need that much liquidity? If you feel that uneasy maybe you could do a roth 401k (if employer has) as that allows you to withdraw your contributions any time without penalty. Otherwise taxable brokerage accounts are the other option that provides withdrawal flexibility. But again, locking money away right now is best as it prevents you from overspending and allows you to reap tax efficient returns

Then invest in a house or apartment.’Interest on up to $750K of a mortgage is fully deductible. You can give a big chunk of your comp to a fellow banker or to the taxmen. Which do you prefer?

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