I want my 401k money now!!!

[olroadbeech]

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.

I don't understand. you can cash out your 401k anytime you want. they will with hold taxes and penalize you but you said in a prior post you did not care about that.

set up a SMA and do what you want with your money without penalty.

i read somewhere that there are mutual funds for crypto currencies now.

 

[OrionsBitch]

Actually google is your friend. The true cause of The 2 huge dumps this past half a year can be traced directly to the lawyer handling the mt gox funds dumping them on the market.

The big banks fudded the out of crypto for past year so they can get in at lower prices

Now they all are green lighting crypto.

You think the stock market is safe? All it takes is one huge terrorist attack and you can kiss 30-50% or your money gone over night.

It's not gone until you sell.....most people who did t sell in 2008 are doing well today. Also it depends what your in. JNJ, PG, do just fine during any economic situation. DoD stocks would do great if there was a terror attack.

You can kiss your money goodbye if your in crypto if a terrorist attack happens. Or a bear market etc. Crypto only did well this last year because it was a bull market and people were feeling confident enough to try and gamble money in an alternative form of investing.

 

[Brownslave688]

Actually google is your friend. The true cause of The 2 huge dumps this past half a year can be traced directly to the lawyer handling the mt gox funds dumping them on the market.

The big banks fudded the out of crypto for past year so they can get in at lower prices

Now they all are green lighting crypto.

You think the stock market is safe? All it takes is one huge terrorist attack and you can kiss 30-50% or your money gone over night.

Finally somebody gets it.


You think these banks and big players that control the media weren't mad they missed out on 1000% returns in a year?


So what do you do? Use the tools at your disposal to drive the price down and get in low.

 

[Faceplanted]

It's not gone until you sell.....most people who did t sell in 2008 are doing well today. Also it depends what your in. JNJ, PG, do just fine during any economic situation. DoD stocks would do great if there was a terror attack.

You can kiss your money goodbye if your in crypto if a terrorist attack happens. Or a bear market etc. Crypto only did well this last year because it was a bull market and people were feeling confident enough to try and gamble money in an alternative form of investing.

You have strong opinions, Why don’t you spend a cpl hundred on bitcoin? Use a vpn, and short bitcoin on the bitmex exhange?

Should be easy money since you seem to know better. Bet you won’t do it!!!

If you use high leverage you can turn a cpl hundred into six figures. Instead you just sit here and go back and forth while not really even understanding what your talking about.

Put your money where your mouth is. I did..... you guys can all laugh at me at the end of the year when I’m poor.

 

[1989]

You have strong opinions, Why don’t you spend a cpl hundred on bitcoin? Use a vpn, and short bitcoin on the bitmex exhange?

Should be easy money since you seem to know better. Bet you won’t do it!!!

If you use high leverage you can turn a cpl hundred into six figures. Instead you just sit here and go back and forth while not really even understanding what your talking about.

Leverage usually entails the possiblity if margin calls.

 

[El Correcto]

You have strong opinions, Why don’t you spend a cpl hundred on bitcoin? Use a vpn, and short bitcoin on the bitmex exhange?

Should be easy money since you seem to know better. Bet you won’t do it!!!

If you use high leverage you can turn a cpl hundred into six figures. Instead you just sit here and go back and forth while not really even understanding what your talking about.

Put your money where your mouth is. I did..... you guys can all laugh at me at the end of the year when I’m poor.

I wouldn’t be laughing at all. The only laughing I’d want to hear is you on the way to the bank. I’m just saying crypto doesn’t seem like something to all in on. Hell hearing some of your talking points I’ll probably pick up some bitcoin, but it will be with money I could recover from after losing.

 

[rod]

By 2020 90% of the world population will have mobile broadband access.


70 Percent of Population Will Have Smartphones by 2020


You should really at least try a simple google search for the stuff you're spouting

Hell--even old rod has a smart phone now. He don't know how to use it but he had 800 bucks burning a hole in his pocket and his old flip phone was on its last legs.

 

[Faceplanted]

I wouldn’t be laughing at all. The only laughing I’d want to hear is you on the way to the bank. I’m just saying crypto doesn’t seem like something to all in on. Hell hearing some of your talking points I’ll probably pick up some bitcoin, but it will be with money I could recover from after losing.

Only spend what your willing to loose is a basic principle in crypto. Good luck if you do pick some up. Now is a decent time as bitcoin is still down over 50% its ath. Volume has been ramping up this past week.

 

[Faceplanted]

Leverage usually entails the possiblity if margin calls.

Bitmex liquidates your funds depending on how much leverage and how much bitcoin rises or falls

Food for though.... bitmex doesn’t want to be used in the USA so it’s effectively banned. So how good does this ban work? I simple set up a vpn and I’m good

When China “banned” crypto.... people simply used vpn’s or tor to access exchanges or peer to peer trading.

There is honestly no way it can be stopped. There are bitcoin atms all over the world. With burner phones you can withdraw thousands every single day.

 

[OrionsBitch]

I

You have strong opinions, Why don’t you spend a cpl hundred on bitcoin? Use a vpn, and short bitcoin on the bitmex exhange?

Should be easy money since you seem to know better. Bet you won’t do it!!!

If you use high leverage you can turn a cpl hundred into six figures. Instead you just sit here and go back and forth while not really even understanding what your talking about.

Put your money where your mouth is. I did..... you guys can all laugh at me at the end of the year when I’m poor.

I made 10k on crypto last year. But that doesn't mean I believe in it. I had EXTRA money and saw how idiots were buying into it, so I bought it low and sold it high. Im not risking a retirement account over it. Im also not going to remortgage a house and purchase crypto. I never said you couldn't make money on it. But 99% of the people who buy crypto are only looking to cash out once idiots drive the prices higher. Most people don't care about the "technology" behind it. All these "big players" and "institutions" you say are getting involved are just trying to make a quick Buck on the backs of idiots like yourself. They go on the news and tout all this stuff about it's wonders. Get people to buy in and then they dump while it's in the upward trend. You're going to end up getting burned because you are way too greedy.

 

[rod]

I'm a bit confused. Is this what you are all talking about?

 

[Faceplanted]

I


I made 10k on crypto last year. But that doesn't mean I believe in it. I had EXTRA money and saw how idiots were buying into it, so I bought it low and sold it high. Im not risking a retirement account over it. Im also not going to remortgage a house and purchase crypto. I never said you couldn't make money on it. But 99% of the people who buy crypto are only looking to cash out once idiots drive the prices higher. Most people don't care about the "technology" behind it. All these "big players" and "institutions" you say are getting involved are just trying to make a quick Buck on the backs of idiots like yourself. They go on the news and tout all this stuff about it's wonders. Get people to buy in and then they dump while it's in the upward trend. You're going to end up getting burned because you are way too greedy.

Thanks for your concern brother. I can loose everything and be totally fine financially.

Scared money don’t make no money.

 

[rod]

Thanks for your concern brother. I can loose everything and be totally fine financially.

Scared money don’t make no money.

So you are living in your parents basement?

 

[Faceplanted]

So you are living in your parents basement?

Ha. Your good man

 

[1989]

I'm a bit confused. Is this what you are all talking about?

You’ve got real value there. + mucho demando.

 

[toonertoo]

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.

Your primary residence can be any house you are buying.....

 

[toonertoo]

They lied to you.

How to Get Money Out of Your 401(k) or IRA

Well then they lie to everyone. That is what people that I know and myself were told. A big fat No

 

[toonertoo]

Incorrect.

You can always get your money anytime. You're thinking of situations that may exempt you from the early withdrawal penalty.

Yes, You Can Withdraw Money from Your 401(k) Before You Retire

If you are no longer employed there

 

[Faceplanted]

401ks and 30yr mortgages are the biggest scams in the modern world. Anybody putting money in an unmatched 401k should really think twice.

Everybody seems to love getting ed by the big banks.

It lets people living beyond their means and think they actually have a chance to enjoy their life.... good luck

I’m happy I only have a cpl months worth of salary in my 401k. I stopped contributing years ago, but I’m still feeling baby about not being able to take out MY MONEY after paying any taxes and penalties.

 

[UpstateNYUPSer(Ret)]

Barclays eyes move into cryptocurrency trading


"Goldman Sachs is currently setting up a cryptocurrency trading desk that is expected to launch within months."

I am actually thinking of taking $10K from my 401k rollover to do some day trading.