he's got a bunch of real estate debt, and is cashing out his retirement accounts to play with crypto currencies.... what could go wrong!My favorite is the people that defend crypto. But what do I know. You should dump all your cash in it. Good luck.
I got around half a mil in real estate equity. 0 credit card debt. Thanks for your concern.he's got a bunch of real estate debt, and is cashing out his retirement accounts to play with crypto currencies.... what could go wrong!
ever hear of a phone?????I’m on the prudential site. Can I honestly not withdraw my 401k/Roth? I put my money into it, ups didn’t match anything.
Scam!
Dead serious, they are telling me my only option is a hardship withdraw or hardship loan.ever hear of a phone?????
call them. and yes it is a DUMB idea to withdraw from the 401k. taxes , penalties and losing the tax advantages. it would take you a decade or longer to earn that money you lost back with your so called better ways to invest your money.
you must be joking.
The banks own your real estate bruh, play whatever games you want IDGAF.I got around half a mil in real estate equity. Thanks for your concern.
The county owns your property brah.The banks own your real estate bruh, play whatever games you want IDGAF.
Or about 200 others.Litcoin too
Lmfao!!!! I’m good!!! I actually cashed out a few grand this year from my nfl season
Like I said, I’m in a great place financially, I just want more liquidity as I have found better ways to invest my money.
we did a loan from ours twice. one for a down payment on our home and the second was when i was on FMLA for 5 months when my spouse had a stroke. what was good about that is you pay yourself back the money and interest.Dead serious, they are telling me my only option is a hardship withdraw or hardship loan.
Lol let me guess.My favorite is the people that defend crypto. But what do I know. You should dump all your cash in it. Good luck.
Nothing wrong with crypto, blockchain is promising no doubt.Or about 200 others.
Like I said thanks for the in depth analysis.
The internet was just a fad too.
It's all about what risk you're comfortable with.Nothing wrong with crypto, blockchain is promising no doubt.
I think we can both agree it's pretty freakin stupid to cash out a 401k to buy into it though. It's one thing to play with your disposable income, it's another to play with your retirement.
I'm curious what investments you think are better?https://www.influencive.com/blockch...y-shipchain-signs-partnership-with-casestack/
Wide load, hopefully you understand how huge a decentralized system that can actually link and track items and shipments from raw materials to my door is....
Especially in food and pharmaceuticals.
The “token” or “coin” part is used as a reward to node operators or miners to bring up verify and distribute the info. That’s where the value comes from.
Read up on it man.
I hope your not one of those hurrr durrrr bitcoin is for drugs and kiddie porn guys.
Can you not read?I'm curious what investments you think are better?
In your 401k you can set up a SMA , self managed account and buy individual stocks and mutuals. Our SMA usually does better than the funds that prudential has. We only have about 15% of our money in the SMA but i like to play around a little with stocks. we also bought into some specialized mutuals like precious metals and REITS .
you could keep your 401k and try your hand at some stocks you think will do great.
Weren’t they just in the media about regulations issues? Didn’t they drop after an injunction under the Commodity Trade Act? Just cuz something seems new and profitable at first, doesn’t mean you should cash in your 401k for it. But anyway, good luck to you.Lol let me guess.
It's a Ponzi scheme
It's only used by criminals
It has no physical value...
In the long term regulation is a good thing. Facebook just took a nose dive because it was selling everyone's information (uhhhh duh that's like their entire business model) that doesn't mean it's a bad idea to buy some.Weren’t they just in the media about regulations issues? Didn’t they drop after an injunction under the Commodity Trade Act? Just cuz something seems new and profitable at first, doesn’t mean you should cash in your 401k for it. But anyway, good luck to you.
There are different types of coins. The sec and irs have ruled most cryptos propertyWeren’t they just in the media about regulations issues? Didn’t they drop after an injunction under the Commodity Trade Act? Just cuz something seems new and profitable at first, doesn’t mean you should cash in your 401k for it. But anyway, good luck to you.