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Message
401k withdrawal
Posted on 6/7/20 at 8:03 pm
Posted on 6/7/20 at 8:03 pm
So which one of you guys took advantage of the work cares act and withdrew the $100,000 out of your 401k, or who had to because of the tough times maybe?
9
Posted on 6/7/20 at 8:05 pm to LCtiger3
quote:
So which one of you guys took advantage of the work cares act and withdrew the $100,000
And missed out on like 15% growth in the last month or so? You retarded, son?
Posted on 6/7/20 at 8:05 pm to LCtiger3
401k is for poors
- The OT
- The OT
Posted on 6/7/20 at 8:06 pm to Mingo Was His NameO
Never said I did it.. I agree with you 100%.
Posted on 6/7/20 at 8:07 pm to LCtiger3
quote:
Never said I did it.. I agree with you 100%.
Then why would you say take advantage? Do you not know what that means?
Posted on 6/7/20 at 8:07 pm to LCtiger3
quote:10/10 on the trashy scale
401k withdrawal
Posted on 6/7/20 at 8:07 pm to Mingo Was His NameO
Put in all the extra I could during March, April, and May..... now watching it grow....
Posted on 6/7/20 at 8:07 pm to LCtiger3
Go ask the other folk in your trailer park, you’re in the wrong hood here Fam
Posted on 6/7/20 at 8:09 pm to dakarx
quote:we poured every last spare coin into O&G and tech (some pharmaceutical)
Put in all the extra I could during March, April, and May..... now watching it grow....
Posted on 6/7/20 at 8:11 pm to SuperSaint
Biden and the dems about to fix that
If dems take house we all in trouble
Hopefully this is Jon bels last term
If dems take house we all in trouble
Hopefully this is Jon bels last term
Posted on 6/7/20 at 8:11 pm to LCtiger3
Thanks for reminding me about my 401K I forgot about that nice nest egg I had been putting away over the years
Posted on 6/7/20 at 8:11 pm to LCtiger3
I did last week once the balance regained back to pre corona levels.
Paid off all non mortage debt, purchased a lot of assets to build up a non work related revenue stream, and added funds to my brokerage to fulfill all of the options contracts purchased when the sky was falling and everyone expected this to last years.
So at this point I feel pretty good about sitting pretty if the market surges or if it crashes again in the hypothetical second wave.
(It was a loan, not a full withdrawal fwiw.)
If the market holds flat from last Friday I’m looking at a net worth increase of about 45%
A lot of coworkers who did it to pay off their credit cards only to buy sofas and TVs immediately after.
I’m sure this will result in anger in a few years on how the system is too unfairly stacked for the rich when they can’t retire.
Paid off all non mortage debt, purchased a lot of assets to build up a non work related revenue stream, and added funds to my brokerage to fulfill all of the options contracts purchased when the sky was falling and everyone expected this to last years.
So at this point I feel pretty good about sitting pretty if the market surges or if it crashes again in the hypothetical second wave.
(It was a loan, not a full withdrawal fwiw.)
If the market holds flat from last Friday I’m looking at a net worth increase of about 45%
A lot of coworkers who did it to pay off their credit cards only to buy sofas and TVs immediately after.
I’m sure this will result in anger in a few years on how the system is too unfairly stacked for the rich when they can’t retire.
This post was edited on 6/7/20 at 9:51 pm
Posted on 6/7/20 at 8:11 pm to Mingo Was His NameO
For someone who lost their job and had no personal savings, I could see how they could take advantage of money they didn’t have easy access to before.. that’s why
Posted on 6/7/20 at 8:30 pm to LCtiger3
quote:
For someone who lost their job and had no personal savings, I could see how they could take advantage of money they didn’t have easy access to before.. that’s why
quote:
So which one of you guys took advantage of the work cares act and withdrew the $100,000 out of your 401k, or who had to because of the tough times maybe?
I'll ask again, are you retarded, son?
Posted on 6/7/20 at 8:33 pm to Mingo Was His NameO
I feel like asking you the same at this point
Posted on 6/7/20 at 8:35 pm to nicholastiger
I hit a personal all time high on friday, because I stayed invested and made good decisions with my hard earned money!
This post was edited on 6/7/20 at 8:37 pm
Posted on 6/7/20 at 8:35 pm to Volvagia
Yeah, this is the type of response I was thinking I would get.
Posted on 6/7/20 at 8:38 pm to LCtiger3
Heck yeah, withdrew everything so that I could pay my mortgage off. Had enough left over to put in the pool and fence that the old lady wanted too and paid off my vehicles. That’ll teach them.
Posted on 6/7/20 at 8:39 pm to LCtiger3
Way more money to be made buying options in O&G. Friday before last I put money in Webull. In 5 days I had a 1207.18% return. 
Posted on 6/7/20 at 8:40 pm to LCtiger3
If they did they’re cryin now. 
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