Go back
401-K & retirement IRAs

401-K & retirement IRAs

Debates


are they "safe" from big government ? Should I withdraw it all and put it under my mattress?


@ogb said
are they "safe" from big government ? Should I withdraw it all and put it under my mattress?
You should not withdraw and put it under your mattress under you want to pay taxes and fine to big government.


@quackquack said
fine to big government.
uhh what's that about a fine..? yes taxes are to be expected...


@ogb said
are they "safe" from big government ? Should I withdraw it all and put it under my mattress?
Should I withdraw it all and put it under my mattress?

Yes, you should. You should also dig a bunker, stock up on guns, ammo, and food, trade only with silver and gold, live off the grid, invest in lots high tech surveillance equipment, and be prepared to dig in and defend yourself in case "they" come to get you! 😏


@ogb said
are they "safe" from big government ? Should I withdraw it all and put it under my mattress?
The least Risky, if you do not want risk to be too great, buy index funds.


@mchill said

Yes, you should. You should also dig a bunker, stock up on guns, ammo, 😏
Just got the wife a nice Ruger 380 yesterday.. plus as much ammo as I can get..

Vote Up
Vote Down

@ogb said
uhh what's that about a fine..? yes taxes are to be expected...
Unless you are of retirement age, in addition to back taxes you will pay a penalty too. You should consult a financial expert and not make financial decisions based on conversations with people who do not fully know your situation.


@quackquack said
Unless you are of retirement age, in addition to back taxes you will pay a penalty too. You should consult a financial expert and not make financial decisions based on conversations with people who do not fully know your situation.
The 10% penalty for early withdrawals from 401(k)s and IRAs applies only to withdrawals prior to 59 1/2 years of age, not retirement age.

Vote Up
Vote Down

Cookies help us deliver our Services. By using our Services or clicking I agree, you agree to our use of cookies. Learn More.