Max 401k and IRA?

I just took a job in California, should I max IRA and 401k contributions to pay as little income tax as possible? Does it work like that?

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yes because fuck the government, also make sure to max out your HSA

NO GOY DONT MAX OUT YOUR 401K AND ROTH IRA
if you ever needed that money before you were 65 you’d only only have to take out a loan with interest against your own money GOY, so don’t do that you’re definitely getting one over on the Jews and government

you believe in index funding right?
you don’t believe that lump sum index funding is dead right?

Can you redpill me on HSAs? I didn't opt into one
>you believe in index funding right?
>you don’t believe that lump sum index funding is dead right?
Not idea what any of this means

Bump pls

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Fuck that just contribute to your companies match. Why the fuck would you want Shlomo controlling your money until your 59?

max your 401k, max your roth. opt into hsa next time.
/thread

I too would like to know this because I am a college graduate and a big dum-dum with my first job. Should I or should I not be using a 401k

yeah.

>t. dumb zoomer who doesn't undestand 401k->IRA rollovers

Match is 4% which I'm currently contributing
>opt into hsa next time
Why is it worth it?

Keep bumping this is a real finance thread. Don't let it die

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You still can’t access the money you dumb faggot

Never bother with a roth ira. Use a traditional ira. TIRA creates deductions. RIRA does not.

The thing about sororities is that 90% of people hate each other and you become very good friends w the 10% you like

financial advisor here. HSA is a tax advantaged account you can use to pay for medical expenses L. Funds you don’t use in that year can then be rolled over into things like 401ks but you can bypass the income limits for contributions to a 401k by doing this. If you plan on being rich later however, always max out a Roth instead. Normal 401k/Ira = pay taxes when you take it out, interest gained tax free. Roth = pay taxes when you put it in, interest also gained tax free, no taxes when you take it out.

Waste of time, if you're on Any Forums and aren't rich before 30 you lost

Yes you can

I just like having sororities near me, not being in one myself

To clarify, you can reduce taxes you pay now my contributing to 401k hsa ira. If you are broke now however and in a low tax bracket you could contribute to Roths instead because you don’t pay taxes on the money later, so it decreases your tax burden at retirement

I'm 25, I got some time
Damn maybe I'll go back and read about the HSA. Seems like another way to get a company match

It usually is, company will put in a few hundred up to a couple grand per year for free

>just work til you're 65!
Kek have fun with that if you don't die by then or civilization collapses

You know you can take money out of them right?