Did you know: 401k $100k withdrawls.
10-16-2020, 02:24 PM
#11
Banned
Joined APC: Jul 2017
Posts: 894
Originally Posted by Xtreme87
You really think the dollar will survive until retirement?
The people who are considering this 401(k) loan to pay for bills are losing out on the tax-deferred growth. But if you think the world and monetary system is collapsing, then I think your retirement savings should be the least of your concerns.
10-16-2020, 02:51 PM
#12
Gets Weekends Off
Joined APC: Sep 2014
Posts: 1,316
Originally Posted by 123494
What are you suggesting as an alternative? Throw my life savings into crypto or gold? Can't just leave all your money in cash or spend it on ammo like some of you nut jobs do.
The people who are considering this 401(k) loan to pay for bills are losing out on the tax-deferred growth. But if you think the world and monetary system is collapsing, then I think your retirement savings should be the least of your concerns.
The people who are considering this 401(k) loan to pay for bills are losing out on the tax-deferred growth. But if you think the world and monetary system is collapsing, then I think your retirement savings should be the least of your concerns.
10-16-2020, 02:59 PM
#13
Banned
Joined APC: Jul 2017
Posts: 894
Originally Posted by Xtreme87
Investing in tangible assets vs. fake paper money with no real value that’s built by gamblers and crooks definitely makes you a nut job. I think you have a solid opinion there.
10-16-2020, 03:54 PM
#14
Gets Weekends Off
Joined APC: May 2009
Position: The GF of FUPM
Posts: 3,073
This is an emergency option for people who need money now. If you don't need it, good for you. Others may not be so fortunate and to them this may seem a reasonable option.
You get to spend your money and the rest of us get to spend ours. Why the heartburn? You're not going to pay the tax, I am. What if I have terminal cancer and want to go out in style? Makes sense, does it not?
You get to spend your money and the rest of us get to spend ours. Why the heartburn? You're not going to pay the tax, I am. What if I have terminal cancer and want to go out in style? Makes sense, does it not?
10-16-2020, 06:27 PM
#15
That/It/Thang
Joined APC: Aug 2020
Posts: 2,848
Originally Posted by Xtreme87
Investing in tangible assets vs. fake paper money with no real value that’s built by gamblers and crooks definitely makes you a nut job. I think you have a solid opinion there.
So you must have quite the stash of beaver pelt and wampum under your mattress
10-16-2020, 06:31 PM
#16
That/It/Thang
Joined APC: Aug 2020
Posts: 2,848
Originally Posted by oldmako
This is an emergency option for people who need money now. If you don't need it, good for you. Others may not be so fortunate and to them this may seem a reasonable option.
You get to spend your money and the rest of us get to spend ours. Why the heartburn? You're not going to pay the tax, I am. What if I have terminal cancer and want to go out in style? Makes sense, does it not?
You get to spend your money and the rest of us get to spend ours. Why the heartburn? You're not going to pay the tax, I am. What if I have terminal cancer and want to go out in style? Makes sense, does it not?
10-17-2020, 06:46 AM
#17
Gets Weekends Off
Joined APC: May 2013
Posts: 313
Originally Posted by Xtreme87
You really think the dollar will survive until retirement?
To suggest otherwise is stupid.
10-19-2020, 05:19 PM
#18
Gets Weekends Off
Joined APC: Nov 2017
Posts: 350
Originally Posted by 123494
What are you suggesting as an alternative? Throw my life savings into crypto or gold? Can't just leave all your money in cash or spend it on ammo like some of you nut jobs do.
.
.
10-19-2020, 05:25 PM
#19
Gets Weekends Off
Joined APC: Apr 2008
Position: Sleeping in the black swan’s nest.
Posts: 5,708
Originally Posted by Fredturbo
No sh1t. I was at a dudes house a few weeks ago and he had a massive safe room with 50K rounds of ammo, 40 guns of various sizes, and 20 or so hand grenades. He also had stashes of supplies buried all around the country, just in case. A 787 CA.
10-19-2020, 05:42 PM
#20
Orbis Non Sufficit
Joined APC: Oct 2015
Posts: 730
Originally Posted by Fredturbo
No sh1t. I was at a dudes house a few weeks ago and he had a massive safe room with 50K rounds of ammo, 40 guns of various sizes, and 20 or so hand grenades. He also had stashes of supplies buried all around the country, just in case. A 787 CA.
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