I want my 401k money now!!!

[oldngray]

That wouldn't even be near my wheelhouse. That would be all corporate, I'm a district lackey

 

[burrheadd]

Thanks for the help guys who helped. I appeciate it.

I will post this and leave it here

Gvt, Eng, amb, icx

I will come back to this thread in December and show all you boomers how silly you are with your silly s&p 500 gains

There are a cpl people in this thread who get it. I have a few people close to me who have made well over 6 figures in the past 2 years. Most are down about 60-80% since ath in January, but still wayyyyyyy up. I’m talking 10-20x their initial investment in 2 years or less. If you know what your doing, even when cryptos are going down you can short them using leverage and make money as well. I literally spend 1-2 hours a day doing research and watching the market. There will be tons of institutional money coming into crypto this year. If anybody follows the news they will have seen the announcements from major institutions.

There is a new industrial revolution happening right now that is information based, it all ties in to blockchain tech and iot tech.

To All the doubters......Keep wage cucking

Who cares where it’s at in December

Come back in 10 years and let’s talk

 

[oldngray]

Who cares where it’s at in December

Come back in 10 years and let’s talk

Retirement savings is about long term gains. Not about trying to time the market with day trading.

 

[Brownslave688]

Who cares where it’s at in December

Come back in 10 years and let’s talk

Theoretically let's say it triples by December and he gets out. Does it matter where it is in 10 years?


He just squeezed 10 years worth of stock gains into 8 months. That's a win any way you draw it.

 

[FrigidFTSup]

Suggest it.



Instant promotion

Pass. I'm enjoying my little corner of the world right now.

 

[Brownslave688]

Who cares where it’s at in December

Come back in 10 years and let’s talk

You flipped houses. What he's talking about isn't much different than that.

 

[burrheadd]

Theoretically let's say it triples by December and he gets out. Does it matter where it is in 10 years?


He just squeezed 10 years worth of stock gains into 8 months. That's a win any way you draw it.

Doesn’t matter let’s just see what he’s managed to save in 10 years however he chooses to do so

 

[OrionsBitch]

so as the title states, what is the process to withdraw my 401k/Roth ira and is it even possible?

before the “it’s a bad idea” I already have other investments, and I have absolutely 0 debt besides homes that all have over 50% equity

I don’t care about penalties or taxes. Is it possible?

Like I said I’m not trying to get a loan, I want all my damn money out now. I can get way better returns than the stupid 5-10% I have been getting. Thanks in advanced!!!!

Here is a novel idea.....call Prudential....also have fun loosing everything in the wallstreet casino. I hope that penny stock claiming to solve the world energy problem works out for you.

 

[burrheadd]

You flipped houses. What he's talking about isn't much different than that.

I still had a 401k the houses were just extra. Never imagined how much extra

 

[Faceplanted]

How some of your brains work honestly sad

A 400% increase in 1 year is the same as a 400% increase in 20 years

Actually, it’s better as you can compound much more and make more money faster.

Keep slaving away till your 55-60. Maybe you can get 1 mil in your 401k so when you die your kids can blow it all on drugs and girls.

 

[wide load]

I posted 4 coins..... at the end of the year, I will claim my losses as most of you assume. You can look up the price action your self pretty simple

Toonertoo..... thanks for the tip. I will look into it. I know it has to be my “primary” residence if I’m using the money for a home purchase.

Good luck.

 

[UpstateNYUPSer(Ret)]

Might as well give the kids his condo also

At one time I had thought of splitting the proceeds from the sale equally between the kids.

 

[UPS Preloader]

Either way, looks like I can’t get my money out. MY MONEY. Stupid system. Because it’s a Roth 401k I can’t touch it. Even though it’s already taxed.

Gonna have to wait for a family member to die sadly so I can qualify for a hardship withdraw.

I fell for 401k meme

I’m pretty sure I’ll would be dead before I can collect it anyways.

The restriction isn’t because it’s a ROTH. It a UPS agreement with the plan. As an employee you cannot get the money without a hardship. If you leave the company, you can take the money.

 

[El Correcto]

The restriction isn’t because it’s a ROTH. It a UPS agreement with the plan. As an employee you cannot get the money without a hardship. If you leave the company, you can take the money.

So quit his 80k a year job and start day trading crypto with his retirement savings. This sounds like a solid plan beginning to develop, I might follow suit

 

[FrigidFTSup]

At one time I had thought of splitting the proceeds from the sale equally between the kids.

Man I wish my parents liked me as much as you like your kids.

 

[FrigidFTSup]

 

[silverbullet2893]

View attachment 190292

I’ll steal all your ice

 

[oldngray]

View attachment 190292

You should invest in sea water. Its the energy source of the future.

 

[FrigidFTSup]

I’ll steal all your ice

Soul-less-ness confirmed

 

[FrigidFTSup]

You should invest in sea water. Its the energy source of the future.

Someone has been watching too much Spiderman