Mr. Sir
Box slinger
Fair enoughIt encourages irresponsibility.
Fair enoughIt encourages irresponsibility.
#daveramseyWe had a driver withdraw $120K or so to buy a vacation home. She forgot to plan for the tax hit------she told me that she was doing her taxes over the weekend and was shocked when she learned that has to pay an additional $20K in tax.
I made a similar but smaller mistake last year. I withdrew $6K from my Roth IRA to pay off my son's credit cards and totally forgot about the tax implications, which came out to about $2K combined for state and federal.
Might as well give the kids his condo alsoSounds like you're "enabling" your kids to continue their bad habits.
My wife and I own a couple rental propertiesI changed my contribution to 0% few months back and bought a rental condo. I plan to buy a property every year for the rest of my working years. For the financially literate/savvy, 401k is a horrible investment. Who the hell wants to wait till their 60’s to access their own money? Only eliminate your retirement account if you have DISCIPLINE!
Much more satisfying doing it on my own.Who wouldn't want a free bail out? Lol
It encourages irresponsibility.
Bitcoin is a bad idea!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!!!!
My dad said "what does a single guy need a credit card for?"The definition of responsibility is "the ability to respond".
Just a wild guess but it appears some kids don't have it.
My parents never paid off my credit card. (1)
I thought you could withdraw the amount you put in without penalty for Roth?Early withdrawal.
Thank you for that in depth analysis.Bitcoin is a bad idea!
401k (s and p 500) opinion have been my worst investment over the last 25 years. The scam is the limited rollover options. Take it out of one scam and put it in another.I changed my contribution to 0% few months back and bought a rental condo. I plan to buy a property every year for the rest of my working years. For the financially literate/savvy, 401k is a horrible investment. Who the hell wants to wait till their 60’s to access their own money? Only eliminate your retirement account if you have DISCIPLINE!
It’s a scam. The whole 401k law is.Just got off the phone they said I can’t withdraw. Wtf? Are they bsing me?
I have a Roth 401k
And I have a regular 401k
I thought I could take out my Roth 401k... can i not?
So can I not withdraw my Roth 401k? I already paid taxes on it.It’s a scam. The whole 401k law is.
You obviously know nothing about this sector as you automatically assuming cryptocurrency means bitcoinBitcoin is a bad idea!
Litcoin too.Thank you for that in depth analysis.
Also there's a whole lot more than bitcoin in the crypto space.
Litcoin tooYou obviously know nothing about this sector as you automatically assuming cryptocurrency means bitcoin
Thanks for the advice dad.
Lmfao..... thanks man.Litcoin too