DO NOT pull your 401k. If you want your money out of stocks, you can simply leave it in your 401k/403b but move your money from ETFs to bonds. This way you pay no penalties, still earn modest return, but are able to fuck the market and big corporations.
I was thinking of moving my 401k investments into a guaranteed interest instead of having it invested in the market. I would never pull the money out of the 401k...the penalties and taxes are absolutely not worth that.
There is no guaranteed interest anymore. This all started with the 2008 bailout pushed by the RINOs and ZIRP. That is why there is all that money in the stocks markets- there is no real alternative for most people (globally). Even opening a traditional small business (e.g. restuarant, retail shop, etc.) is no longer a real alternative.
We are moving everything to a new broker tomorrow. Just saw our current guys Facebook page.......let’s just say he’s not one of us. I get the distinct pleasure of calling him in the morning to tell him, hopefully he agrees to a peaceful transition.
He’s going to have some splainin to do when he loses our accounts. The partners are not going to be happy. Not to brag but this is going to really hurt his bottom line big time. We’re almost fully retired and those accounts have been building for decades. Get woke go broke.
And what would it consist of? Raytheon and MyPillow? It was just be a scam or virtue signaling and be a way for some hedge fund manager can make some money off your patriotism.
Oh, stop being doomers--go ahead and put your cash into savings. We'll use FB, Twatter, Googel, and Amazon's reserves to pay back all the Patriots for the year of our lives/savings we all lost.
To keep from getting hammered by taxes and fees in the 401k...what if you move those investments into a guaranteed interest within the 401k just to get that money off of the stock market? I would NEVER advocate early withdrawal from a 401k or savings plan that taxes or penalizes for doing so.
DO NOT pull your 401k. If you want your money out of stocks, you can simply leave it in your 401k/403b but move your money from ETFs to bonds. This way you pay no penalties, still earn modest return, but are able to fuck the market and big corporations.
My wording was poor...but this is what I was thinking of advocating.
This but take any non 401k stock that can be liquidated without penalty and buy physical gold, silver or cold storage crypto.
Then we’d probably end up losing the bulk of our retirements to inflation, which will skyrocket under democrat rule.
They'd lose a shit ton of money, that's what.
Correct.
The Feds would get alot of Tax money. You cannot pull your 401ks without paying tax on the money
I was thinking of moving my 401k investments into a guaranteed interest instead of having it invested in the market. I would never pull the money out of the 401k...the penalties and taxes are absolutely not worth that.
There is no guaranteed interest anymore. This all started with the 2008 bailout pushed by the RINOs and ZIRP. That is why there is all that money in the stocks markets- there is no real alternative for most people (globally). Even opening a traditional small business (e.g. restuarant, retail shop, etc.) is no longer a real alternative.
We are moving everything to a new broker tomorrow. Just saw our current guys Facebook page.......let’s just say he’s not one of us. I get the distinct pleasure of calling him in the morning to tell him, hopefully he agrees to a peaceful transition.
He’s going to have some splainin to do when he loses our accounts. The partners are not going to be happy. Not to brag but this is going to really hurt his bottom line big time. We’re almost fully retired and those accounts have been building for decades. Get woke go broke.
Do. It.
Why not simply move it out of the woke stocks and into non-woke ones?
We need to get some America first index and hedge funds up.
And what would it consist of? Raytheon and MyPillow? It was just be a scam or virtue signaling and be a way for some hedge fund manager can make some money off your patriotism.
I would buy that index.
Or into Bitcoin
Uh...we'd take a lot of early withdrawal penalties and the IRS will be laughing all the way to the bank...?
Better yet, into a checking/savings account in your local credit union.
Credit union pede since 2006...couldn't be happier. To hell with megahuge globobanks.
Other than losing 20%+ in penalties (giving it right to the people we are trying to deprive of it) it’s a great idea. . .
74 million people would owe a fuck ton in early withdrawal penalties
The market will plunge, the dems will spend as much as possible to create hyperinflation to screw you. That's what would happen.
Good idea.
Oh, stop being doomers--go ahead and put your cash into savings. We'll use FB, Twatter, Googel, and Amazon's reserves to pay back all the Patriots for the year of our lives/savings we all lost.
Have a feeling the market is going to take a huge dive. When u see buffet buying up gold get out
I did mine this past week. IF Biden gets in, I suspect the markets are gonna nosedive
To keep from getting hammered by taxes and fees in the 401k...what if you move those investments into a guaranteed interest within the 401k just to get that money off of the stock market? I would NEVER advocate early withdrawal from a 401k or savings plan that taxes or penalizes for doing so.
Gold silver crypto. Dollar as we know it is gonna go bye bye. Need a gold backed currency again
What we need are ETFs which do not contain stocks of unAmerican companies.
I likes your thinking