Was talking to a mate about finances and future and was saying I have like 250k saved (we're both 30). He was like damn I only have 25k since he lost a lot of money doing options. I then told him I don't even think IRA or 401k lets me do options and then he says wait the 250k is just from like investment / hysa or does it include 401k? I tell him 200k is from retirement and 50k is mix of investment and hysa and he tells me that I really shouldn't count 401k as "money" saved. Which sparked a debate.
God damn son I really put effort into maxing out the 401k every year so I do think I have "250k saved" but my friend's opinion is that since its not as accessible and you shouldn't be touching it anyway till 40+ years later, it can really skew one's perception.
What do you guys think?
original posted by isappie to r/personalfinance on Sat, 02 Mar 2024 15:57:10 GMT.