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@mitchrad If you can afford to max both there's no downsides to it. There are four major types of investment accounts, each with their own pros and cons: 401k: Pros: Tax deferred growth, Lower federal and potentially state income taxes, can get employer match from deposits (free money), student...

@resjudicata It's not "tax loopholes". The government uses tax benefits to incentivize the things that it wants. Why do you get to deduct mortgage interest from your taxes? Because the government wants people to buy homes. Why are their tax benefits with marriage? Because the government wants...