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Joined 2 months ago
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Cake day: June 5th, 2025

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  • Not a finance expert, but I don’t think there’s any “401k system.” 401k is just a type of account (a bucket you put your money in) that has special rules, such as:

    • you put money into it tax free and are taxed on it when you take it out (opposite of a Roth - you put money that’s already taxed into it and take it out tax free)
    • employers can contribute to it
    • age restrictions on when you can take it out without being penalized
    • special circumstances on when you can borrow from it

    So it’s an account type with some rules. No money there other than what you put in and where you invest it (that’s where you have the choice in where to invest it, and in that case, there’s no way I’d be investing in crypto). No “system” that’s funded or anything like that, other than how each individual investment is put together.