My fucking 401k scam is Not letting me withdraw in spite of me telling I can pay the penalty.
Have about 200k in 401k and want to go all in crypto in the next few months and escape wageslaving.
What do I do? Can I convert that into Roth IRA or something?
401k not allowing me to withdraw
Bump
lol. 401k/tsp has always been a scam user.
So it's basically an illiquid Ponzi to keep the system running
Roll it into Bitcoin IRA or Alto IRA. Free
Tell them your gonna get a lawyer.
based 401k provider saving you from your bad decisions
I have full control of my roth
I'm 10k in CEI
ama
trips of truth have spoken
don’t pour your boomer funds into cryptic internet money
That's the dumbest thing you can possibly do. You are gonna pay like over 25% in taxes and penalties. Keep it there.
401ks are literally scams
>Literally free money from your employer
Idiot who has never been employed calling it a scam
I owned a business idiot. The fees are insane. It's a boomer scam, straight up
Don't they usually have annual caps? Mine lets me withdraw $9k/yr or so, with 10% penalty still in place.
It's a scam on a structural level because 401ks only work because number go up and employers stopped doing pensions. But to not take advantage of employer match and minor tax savings is...just too foolish
crpyto is not going to rocket up any time soon lmao
it’s a complete scam. guess it’s okay for brainlet retards that cannot figure out how to invest on their own.
…and that’s a good thing if you’re accumulating, nerd
Delete this thread at once.
Activating code flag:
GoyZoids401killemAll
You aren't supposed to withdraw ever.
You do not understand free money? I don't think you're investment strategy can beat risk free free money.
Pull with a loan user. Never cashout it tax man rape time
You should be able to roll it over into an IRA. But, you need to cancel your 401k contributions first. Talk to your retarded HR manager.