We came across this LinkedIn post providing a perfect example of what 401jK is about! You might think that you are establishing a solid base that is yours, it is your money that you contributed to your fund! What is the value of a fund if you can't access it until after your most vibrant years have passed. Then when you really need it before that time you are paying significant fees! Let us know what you think, do you still contribute to your 401k?
I do still contribute, but I’m not relying on my 401K whatsoever. I’ve put about $50K into 401jK and staked 70% for 12 months. It makes way more sense than waiting to retire with my joke of a 401K right before I die.
You retire! I got only 401K coins staked for one year but I feel it's the best choice ! Let's go,!
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Jesus Christ..
There was an old lady at work a long time ago that tried to take out an emergency loan because her AC broke. They denied it because it was not considered an ‘emergency under the plan rules’. This was during the middle of Texas summer when it gets over 100 degrees (F).
So sad 😢
Sounds like it was kinda a safety net for them...
That was depleted in 1 year. Like the LinkedIn post is saying, they are not going to solely fund their 401k any longer, but also build something on the side.
He should've also been getting severance and unemployment checks and had some sort of savings. So, something doesn't track. He's on linkedin and in tech, he had to have been prepared for at least a couple months in case of layoff.
I think he balled out on the house and had a really expensive mortgage.
Or... he's just exaggerating about everything... 3 job offers after 200 interviews? I know an interview doesn't mean a job, but something doesn't add up about 3 offers from 200 interviews.
But yeah the point of the post still stands.
The real lesson here is to join a union and no longer worry about job security
A union, like a community, you mean? 😉
Numbers make it hard to believe it is real. A senior data scientist, 45 years old, 11 yoe, has all his money in 401k, and it’s only 140k? If he was maxing it out over those 11 years it’d be roughly 260k in contributions alone.
I get the message but just seems like another LinkedIn lunatic made up post.
The sad thing about it is that it is not. I know of at least 2 people who lost their job and started dipping into their 401(k)s. The company where I was working laid off a bunch of people so that’s where I know them from. One of them has applied to 500 jobs since the summer.
It could be a lie or exaggerated, but the reality of the situation hits home with many, many people.
You're making a lot of assumptions both about wage, contributions, and match.
I wonder how many manual labor jobs they applied for?
This is kinda dumb if I’m being honest. Any retirement plan, investments, or whatever you want to call it that involved putting money away for the future. Can turn into an emergency fund if you get fired and don’t plan properly? This person didn’t plan properly , you needed to have an emergency fund on the side plus your 401k contributions. And if you don’t like the 401k then get an IRA. Don’t like that then invest in EFT stocks that have proven growth record with the last few years. Weird post. Dumb person.
50% of people can’t cover a $1,000 unexpected expense. In theory, your response makes sense, but theory and reality are not the same.
Yeah I agree with you on that. Vast majority of those people are financially illiterate, spend way too much on unnecessary expenses, subscriptions, food eating out and etc. Then you got the other majority who just have it rough, low paying job, too high of rent and bills and etc.
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Indeed. 6 months to a year of covered expenses before you even consider starting investing. It's basic common sense. Unexpected things happen and you don't want to sell on a dip.
And BTW, you might want to get off your high horse and work on McDonald's in case it gets longer, instead of waiting indefinitely for that precious job.
Eh? So you cleaned out your retirement fund because that was your only savings? This is such a none post, what are you on about.
I’m surprised how surprised you are about having to use your only savings to keep yourself afloat. If that’s how many applications you submitted it seems like the problem is with either the job market or you, absolutely nothing to do with your pension fund. I’m so confused what the whole point of this post is.
I mean this post is not in anyway a negative about a 401k though? If he was in the same position and was holding 401jk he would be selling that too so he could feed his kids and keep the house. Kind of a silly post and just seems like the person in the post had bad luck.
It is simply showing that a 401k alone is not the solution. Look at the end of the LinkedIn post.
I don’t think anyone has ever suggested a 401k is enough to be the only money a person has saved. It’s simply one of many options to save for retirement. Getting a tax advantaged account that typically offers employer matching is genuinely amazing.
Outside of 401k, there’s plenty of other savings/investing account options for people that are insured and offer benefits. I don’t get the point of this post.
It is all easy to argue if you have all these options. A lot of people struggle to reach the end of the month, with 401k as a promise to invest in their future. We should not take this situation or your situation as applying to everyone, but as an example why there are flaws in the system.
So, if people aren’t able to make ends meet and pay bills, you seriously think they’re buying meme coins?
An actual 401k is tax advantaged, is given PRE-TAX, and is often matched by employers up to a certain %. It is genuinely the easiest way for the average person to invest for retirement. On top of that, look at the broader U.S. market and how it has consistently grown. Statistically it is a very safe bet on the continued growth of the U.S. economy over a multi-decade timeline.
Now compare all that to solana meme coins and statistically how many turn into nothing. It’s funny sure and maybe worth throwing a few hundred bucks into in case it pops off but it’s silly to suggest anyone financially struggling is in a position to buy crypto. Especially crypto with less intrinsic value than the already low intrinsic value of the big names like BTC/ETH
I hear what you're saying, and honestly, your skepticism is completely valid. The crypto space has burned a lot of people with projects that only benefited early holders. Let me explain where 401jK is different, because I think there's a fundamental misunderstanding here.
You're right that early investors in any asset have an advantage. Bitcoin, Ethereum, real estate, traditional stocks. That's just how markets work. But 401jK isn't trying to hide that or pretend otherwise.
The difference is what we're actually building. This isn't a meme coin with community theater. The 401jK Financial Academy is being built as a free educational resource. We've already published articles and have a structured curriculum in development covering crypto security, DeFi mechanics, and retirement alternatives. That education has value regardless of token price.
The token itself has some of the cleanest tokenomics I've found: no team allocation, no insider wallets, liquidity locked, contract renounced. I rotated part of my actual 401(k) into it after extensive due diligence because the fundamentals checked out.
Your point about "you only make money if you sell" is actually what we teach through the academy. We're not pushing a "hold forever" cult mentality. We educate people on how to evaluate projects, when to take profits, and how to manage risk. The goal is financial literacy, not blind tribalism. Traditional 401(k)s lock your money until you're 60, charge fees whether you profit or not, and give you zero control. With 401jK and DeFi in general, you have full custody and full control. You decide your own timeline.
I get why it looks like every other project from the outside. But if you actually dig into what we're building and the tokenomics, you'll see we're trying to solve a real problem: retirement accounts that trap people's capital for decades while institutions extract fees.
Not asking you to buy anything. Just suggesting there's more substance here than surface-level comparisons to meme coins might indicate.
I do own some 401jk for the record. And I can certainly appreciate the team’s push to educate others and produce financial literacy on crypto. That is a good thing.
All options offered to the general public involve hedge funds and institutions and those in control reaping all the benefits while common person barely sees gains keeping up with inflation
Now look into the future. It will only get worse
And you're saying 401jk is the solution for all you retirement money?? It's a ponzi scheme and only good for the people who come in early. They might get rich but a lot of people are going to lose a lot.
Well with that line of reasoning you can call any crypto a ponzi scheme. If you would be part of the community you would see what the community is working on and that it is not a ponzi scheme like you say. In contrary, 401jK is there to also educate. Happy to have you and check us out ❤️
With that line of through, all stocks are Ponzi schemes too.
I guess the differenc in most cases is that when your retirement money is allocated over different asset classes, you are invested in a lot of businesses that generate income, have an intrinsic value where as e.g. meme coins don't have this. I am not saying that you shouldn't invest in it (I am watching it myself), I am just saying that the narrative of putting ALL your money in here could be very damaging for people who get sucked in. It is very dangerous to do that. All IMHO of course.
I bought a little bit of this coin myself. But it’s silly to pretend that anyone is here for anything other than money. And with these meme coins the only way early investors make money is screwing over people later if it pops off. Greater fool theory or whatever. Can’t really stand the “narrative” of this coin but I see enough buzz being generated about it im happy to own a little and sell when it pops
If you don't mind me asking what is it you interpret the narrative of 401jK to be. We are in the process of making sure it's not misinterpreted
For example this is not a retirement fund
This a vehicle of protest and social/political/economic commentary fueled my memes and dreams
And currently in the process of cementing, with future content and continued community interaction, the deeper narrative that includes the core values that 401jK community members promise to carry on and spread
A statement and a vibe that 401jK plans on making and becoming has immeasurable value
I get the point you’re making. But 401k’s specifically are actually very great for your average Joe. But sure, the name isn’t itself bad and it’s clear what the joke is.
My issue is the narrative feels to me more like a vehicle to build a “community” that ultimately everyone here is just waiting for price to pump to eventually sell. No one here cares about 401jk the meme coin on the solana chain because it has no actual value. People want USD and are using this as a vehicle to get it.
Is that not the exact same with 401Ks, but without community?
With that logic you can you can say that about any mode of currency or value
Taking a 401(k) loan requires that the person pays interests, taxes and penalties. It’s called a loan for a reason if you do not pay it the interest on the loan accrues. 401JK does not have any fees, penalties and you damn sure do not need a loan. Anyone can take it out and put back in.
If you take a loan on your 401k and don’t pay it back it becomes a distribution. Any interest is paid to yourself.
If you sell your crypto and realize a profit you owe taxes on it though lol. As a matter of fact taking a loan out against your 401k can be a more efficient way to have liquid capital than to realize gains and owe taxes.
Senior data scientist saves 140k over 12 years? if he had invested 30k (S&P500) 12 years ago he would have 140k now. 12 years in data science? What is bro spending that 6 figure salary on? Living like a king in 2012 to 2019 economy probably.