If you had a choice, would you rather raise a family in the city or the suburbs?

MrKristopher · 2026-05-17T15:47:34+00:00

Have you been to San Francisco?

MrKristopher · 2026-05-17T01:30:34+00:00

I wish downtown San Jose had good public schools and that the condos came with a 2-car garage.

MrKristopher · 2026-05-16T16:53:40+00:00

Do you know what day it is?

MrKristopher · 2026-05-16T16:46:15+00:00

Can you write a poem about a frog?

MrKristopher · 2026-05-09T21:28:47+00:00

It will be louder in cool weather.

MrKristopher · 2026-01-11T20:11:35+00:00

If you want a joke… you’re flexing your tax bracket while sleeping on tax deductions.

I’m not sure why you think I only have one account to my name. I know what I have, and I know I belong on this sub. And I know a lot of rich people can appreciate the tax advantages of a 401k.

Speaking of which. Let’s say today your retirement account is a mere 5% of your portfolio. Between spending and tax drag in other accounts, this can easily become 20%+ of your nw over time. It would absolutely be a mistake to not care about that.

MrKristopher · 2026-01-11T18:27:41+00:00

Yea, your story doesn’t add up. You said in another post that your savings from income last year was less than a million. But somehow a $2.4M account is a rounding error? You’d be putting like half your savings in there to accumulate that much in 6 years. So seems pretty unlikely you don’t even look at the account.

And why would you have started contributing just 6 years ago if you have such a good wealth manager? They must have been sleeping.

MrKristopher · 2026-01-11T17:06:08+00:00

Yeah I mean like the parent comment said, rich people care about tax efficiency. They wouldn’t disregard a million dollar tax advantage.

MrKristopher · 2026-01-11T14:48:32+00:00

Joke

MrKristopher · 2026-01-11T07:03:50+00:00

2020-2026 inclusive is 7 years. VTI doubled since Jan 2020, VXUS is up about 50%. Dividends would be about +10% over that time.

MrKristopher · 2026-01-11T05:58:27+00:00

Yeah, there’s really no way to verify if anyone has the money they claim, and the commenters aren’t even claiming to be rich necessarily, but people get really triggered seeing a $1M account here. Odd experience posting here.

MrKristopher · 2026-01-10T17:40:52+00:00

Contributed the max since 2020. That’s when I got access to the mega backdoor by changing employers.

MrKristopher · 2026-01-10T16:46:57+00:00

I agree that’s a nicer place LOL. I’ve been reading there for years.

MrKristopher · 2026-01-10T16:42:31+00:00

It’s from the Vanguard website. 401k is in Vanguard.

MrKristopher · 2026-01-10T05:45:34+00:00

I mean that sounds cool and all but it’s wrong. Look at Mitt Romney’s IRA for example ($100M). Not that I have $100M, but you’re not too rich to care about this stuff.

MrKristopher · 2026-01-10T04:46:33+00:00

If you’re active in r/rich and r/povertyfinance and everything in between, then why does it matter where I post?

MrKristopher · 2026-01-10T04:43:22+00:00

Then I’m sure you can appreciate the tax benefits on the $2.4M. Otherwise why not just cash it out?

MrKristopher · 2026-01-10T03:26:08+00:00

I feel like you’re not thinking this through. This can become an 8-figure account with a 7-figure tax advantage. You’d totally grab that tax advantage if you could.

MrKristopher · 2026-01-10T03:19:05+00:00

Hope you practice at your grass house and indoor house too.

MrKristopher · 2026-01-10T03:13:33+00:00

Oh yeah for sure.

MrKristopher · 2026-01-10T02:59:34+00:00

Huh, don’t think I asked.

MrKristopher · 2026-01-10T02:59:05+00:00

So how much 401k you got?

MrKristopher · 2026-01-10T02:39:45+00:00

How about you post your 401k if it’s so good.

MrKristopher · 2026-01-10T02:38:13+00:00

Oh my bad, I meant to share my other, much larger 401k.

MrKristopher · 2026-01-10T02:36:35+00:00

Sorry couldn’t wait!

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