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<blockquote data-quote="Overpaid Union Thug" data-source="post: 4599988" data-attributes="member: 198">If someone withdrew 50,000 of their non-Roth contributions the taxes would be substantial. Well, based on my tax bracket anyway. I’m thinking it is not worth the gamble. It would take quite a bit to make a hefty profit on that. Let alone recoup it. It doesn’t take much for the stock market to drop like a sack of rocks. An election, virus, hurricane/gas prices, etc. Being able to have control over my money, or more specifically, having immediate access to it, sounds really nice. But, it’s just not worth the risk for me. I don’t have the time, patience, or knowledge of investing to take such a risk. It did sound really good at first but it’s kind of like the idea of borrowing from your 401(k). First it sounds very enticing. But once you figure out that, unless you pay your self back according to the market gains during that time, you are missing out on what makes a 401(k) a retirement plan work.</blockquote>

[QUOTE="Overpaid Union Thug, post: 4599988, member: 198"] If someone withdrew 50,000 of their non-Roth contributions the taxes would be substantial. Well, based on my tax bracket anyway. I’m thinking it is not worth the gamble. It would take quite a bit to make a hefty profit on that. Let alone recoup it. It doesn’t take much for the stock market to drop like a sack of rocks. An election, virus, hurricane/gas prices, etc. Being able to have control over my money, or more specifically, having immediate access to it, sounds really nice. But, it’s just not worth the risk for me. I don’t have the time, patience, or knowledge of investing to take such a risk. It did sound really good at first but it’s kind of like the idea of borrowing from your 401(k). First it sounds very enticing. But once you figure out that, unless you pay your self back according to the market gains during that time, you are missing out on what makes a 401(k) a retirement plan work. [/QUOTE]

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