>"I cant afford to have a 401k" ;_;

who are you double quoting?

>>1581627
Average retard

>>1581629
Can you afford to have 5% of your pay put into a fund that charges you to lose money?

im 25 and the youngest in my department at work by at least 10 years and Im the only one with a 401k....

>>1581624
Well if you don't have enough money for basic necessities then it is true.
It also depends on the 401k. Sometimes an IRA (either flavor) is better.

>>1581624
hey what about instead i save the money as gold and then use it once i've accumulated enough for a few multifamily units? apartments? just enough for a down payment on a $1,000,000 complex and then ride that till i have enough for another down payment for another? doing this instead of putting that money in a 401k or an index fund, wouldn't this better?

In Australia you get 9.5% in addition to your wage, and it's compulsory.