Oddbean new post about login | logout My lady is very intelligent when it comes to managing money and investing for retirement. I’ve fully Orange Pilled her. But She is still insisting I once again start to contribute to my Roth IRA and buy paper Bitcoin, besides my self custody. Is she wrong on this? I think she is. But maybe that’s just the psycho autistic rebel in me. Thoughts? #Bitcoin
Not in the US, but isn’t there a tax benefit from the Roth IRA? Then I see the point, buy self custody Bitcoin with the tax savings? 😉
Roth is taxed before contribution, so no tax upon withdrawal in retirement. Many companies will match, so if you pay $2k you get another free $2k from the employer match. It comes down to your personal preference and if you have a match. Personally I would never consider it unless I had a match. Even then you're going back into the corrupt and manipulated world of theirs. I say fuck em, I have no interest in playing their games
You still live in a fiat world...and you need to understand and leverage the opportunities that exist in that world (at least for now). That includes the tax benefits of IRAs (especially ROTH). Don't dismiss those tax advantages...use them to your advantage.
Thank you for your wise advice namaste 🙏
listen to her. all your eggs in one basket is way risky. She's looking out for her family.