401k early cashout?

Thread replies: 10
Thread images: 2

Anonymous
401k early cashout? 2017-07-13 03:48:36 Post No. 2774672
[Report] Image search: [Google]

File: IMG_1404.jpg (24KB, 244x207px) Image search: [Google]

401k early cashout? Anonymous 2017-07-13 03:48:36 Post No. 2774672 [Report]

Alright bizraelis listen up. My question for any of you that know your way around finance is this: is it a good idea to take out my 401k early? Im 25 years old, and I already have a plan for my future retirement so I was wondering if it might be a good idea to take out my 401k now and invest it in other things. I'm currently a student rn but I worked a job for 4 years that accumulated about 7k in a 401k over time. I looked online to find an answer about this but there's no clear cut consesus on why or why not you should or shouldn't do this.

Have any of you taken out your 401k early? What was the process like?What'd you do with the money?

Gimme summadat bizdom bois.

Anonymous 2017-07-13 03:51:49 Post No.2774689
[Report]

Anonymous 2017-07-13 03:51:49 Post No.2774689 [Report]

Don't be a retard. If you take it out early, by the time you get a check in hand it will be for $4k, tops.

Anonymous 2017-07-13 03:57:36 Post No.2774720
[Report]

Anonymous 2017-07-13 03:57:36 Post No.2774720 [Report]

>>2774672
Let me guess, you want to cash out money from a 401k so that you can pay lots of withdrawal taxes and fees, then you want to invest in the crypto market after a giant pump that started back in February of this year?

Sounds like a great /biz/ approved plan to me, go for it

Anonymous 2017-07-13 04:14:47 Post No.2774845
[Report]

Anonymous 2017-07-13 04:14:47 Post No.2774845 [Report]

>>2774672
withdrawing from your 401k and losing it all on the fees/tax and some stupid bet is the first step to becoming a true normie. good luck anon.

Anonymous 2017-07-13 06:03:55 Post No.2775599
[Report]

Anonymous 2017-07-13 06:03:55 Post No.2775599 [Report]

No, let us keep your money until you're too old to enjoy it, good goy

Anonymous 2017-07-13 07:02:37 Post No.2776031
[Report]

Anonymous 2017-07-13 07:02:37 Post No.2776031 [Report]

Yes. You should take out the money and invest it in a nice tropical vacation for yourself. You deserve it!

Anonymous 2017-07-13 07:43:22 Post No.2776343
[Report] Image search: [Google]

Anonymous 2017-07-13 07:43:22 Post No.2776343 [Report]

File: 1496759161377.jpg (52KB, 514x531px) Image search: [Google]

52KB, 514x531px

>>2774672
Cash 400k and buy BTC again during the 1 August dip. Enjoy the subsequent mooning!

And put that remaining 1k in my wallet:
18FxdnX4kri4VqQDaae5F8Wj5N86xWUuMm

Anonymous 2017-07-13 10:59:33 Post No.2777830
[Report]

Anonymous 2017-07-13 10:59:33 Post No.2777830 [Report]

>>2774672
What was your investment and how long did it take to get it?

Anonymous 2017-07-13 11:04:08 Post No.2777865
[Report]

Anonymous 2017-07-13 11:04:08 Post No.2777865 [Report]

>>2776343
>mfw when he thinks a 401k means $401,000.

Anonymous 2017-07-13 11:06:12 Post No.2777882
[Report]

Anonymous 2017-07-13 11:06:12 Post No.2777882 [Report]

>>2777830
Tbh I don't even know, I was young and retarded. Alls I can tell you is that I worked there 4 years till it got to 7k

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/