401k is such bullshit

[Whatever]

So about 2 years ago I started putting 10% of every paycheck pre-tax into a 401k. And it has grown plenty, because the economy is all jacked up. But I wanted to take some or probably all of it out because I've got somethings coming up, including something fun and exciting for the first time in many years, but there's all these hoops that you have to go through, it's such bullshit. It's a good thing that I have $7,000 in medical bills because one of the only ways you can take money out of it is to pay medical bills. That's all I can get and I don't know if it will even go through. Also there are big tax penalties for taking out but I don't give a shit, this money is for something fun and I need to have fun.

I was burned by shitcoin gambling in 2021 so I gave up on crypto and wanted something that seemed normie and stable instead. I could've put all that money, $600-$700 per month, into stablecoins for a much better return and easier access to it. Oh well, lesson learned.

This is also proof that the US is not as "free market" as it claims. In a free market, I could take that money out whenever I wanted and without any reason.

 

[Snowskinned]

Saving till retirement is just retarded. If you are not making x10 your yearly salary in a month when you’re 70 - you are just a fucking failure

Only short term(3-5 years) savings make sense

 

[Whatever]

Saving till retirement is just retarded. If you are not making x10 your yearly salary in a month when you’re 70 - you are just a fucking failure

Only short term(3-5 years) savings make sense

I'm 30 and I realized I'm way too young to save for retirement. My 20s were such shit, I missed out on a lot, I haven't travelled much. I didn't have the chance because of the timing, but now I see a way, so I need the money to start going to experiences like that, I won't make it until 70 because I'll have roped long before then.

 

[RecessedCel5]

I'm 30 and I realized I'm way too young to save for retirement. My 20s were such shit, I missed out on a lot, I haven't travelled much. I didn't have the chance because of the timing, but now I see a way, so I need the money to start going to experiences like that, I won't make it until 70 because I'll have roped long before then.

bro is having a midlife crisis

 

[Whatever]

bro is having a midlife crisis

It's brutal boyo, absolutely brutal.

 

[RecessedCel5]

It's brutal boyo, absolutely brutal.

real. are you spending the money on looksmaxxing ?

 

[Whatever]

real. are you spending the money on looksmaxxing ?

Possibly, I'm taking a trip in November and I don't need $7,000 for it but it gave me the idea, but I'm also looking into a rhino and that money would get me there. But my nose is legit deformed so I'm gonna try to have insurance cover it first.

 

[Pendejo]

I'm 30 and I realized I'm way too young to save for retirement. My 20s were such shit, I missed out on a lot, I haven't travelled much. I didn't have the chance because of the timing, but now I see a way, so I need the money to start going to experiences like that, I won't make it until 70 because I'll have roped long before then.

You are cooked unc (I am approaching mid twenties )

 

[Whatever]

You are cooked unc (I am approaching mid twenties )

I’ve still got this NW1, good skin, and lean, if I didn’t you know what I’d do boyo. Being in your 20s during the pandemic and this societal decay really robbed everyone of experiences. I never got the vaccine, just waited it out, plus I had bullshit in my own life. But I’m coming out of it all now and now I feel like it’s my turn to be that pathetic oldcel trying to get back his lost youth.

 

[AlexBrown84]

i have 19 years until my 401k pays out lol

but if you’re a young normie with a bit of self discipline, just do a roth ira. working for one company for so long in todays age is unlikely