I’m maxing those out. There are a few ways to withdraw from them early, for example, you can pay a 10% penalty to do so. This is probably worth it to avoid taxes on growth in the meantime, assuming it grows enough.
I think having some personal retirement savings is still useful in a broad range of possible AGI outcome scenarios, so I personally still do some retirement saving.
Regarding 401k/IRA, anything that preserves your ability to make speculative investments based on an information advantage (as outlined in this post) seems especially good; anything that limits you to a narrow selection of index funds seems potentially suboptimal to me.
Does it make sense to put any money into a pension given your outlook on AGI?
Also curious how this changes people’s outlooks on putting money into 401k/IRA’s/etc
I’m maxing those out. There are a few ways to withdraw from them early, for example, you can pay a 10% penalty to do so. This is probably worth it to avoid taxes on growth in the meantime, assuming it grows enough.
I think having some personal retirement savings is still useful in a broad range of possible AGI outcome scenarios, so I personally still do some retirement saving.
Regarding 401k/IRA, anything that preserves your ability to make speculative investments based on an information advantage (as outlined in this post) seems especially good; anything that limits you to a narrow selection of index funds seems potentially suboptimal to me.