PillBugTheGreat

I think it is okay to shorten it further. People are being DC'd or death camped.

You need a hand? Heck, I'll get you a hand by lunch.

Legit. Seasoning is just creating a polymer on the iron to prevent rust. No different than the cast iron pans with ceramic coatings.

Whatd you jump to?

Lol, Luetin starting a channel to dig through the US historical records would be nice sleep aid content.

When you get a 401k loan, it is treated as a loan, it looks like, from yourself. Only risk there is if you default, it then switches to a disbursement and has a 10% penalty and probably some sort of tax implication.

No. It's a pretty secure savings engine. Even if you had a loan out against the account, they reserve a portion of the account as collateral, as I view it. Let me go research that right quick.

I think the biggest risk would be if your holding institution went tits up and you had more than is covered in FDIC, you would only recover the FDIC limit. I think. Anyone confirm that?

Now, a fun question there is, if there was a crash out of the holding institution, would 47's FDIC manager pay out.

Another fun question is, if this isn't protected by FDIC because you own the investments which are external to the holding company:: are you really holding the investments you selected? During the fervor of the GME due diligence, it was surfaced that when you buy a stock on the open markets, it is but a right to a stock, not the actual thing. So, your access to those rights could get rug pulled too, if things get too crazy and system risk becomes too high. I think that the chances of this rug pull are super low for msot investments in a 401k. Generally retirement savings plans are slow moving investment engines, so for instance, if I schedule a change in my 401k investments, it trades, not at the time of request, but at the end of day. There are also high frequency trading limits in some of them.

In case you want to learn what the GME due diligence found: https://fliphtml5.com/bookcase/kosyg

House of Cards is a good starting point to understand how the current stock trading machine functions.

Reflect on what each tool does. They soak up today dollars to be spent tommorow. Delayed consumption for future benefit assuming your investments are fruitful and inflation doesn't outpace your gains.

So A) do you want to lock up your money until you are at retirement age? What consumption are you sacrificing today for the benefit tomorrow? What investments are you displacing by these stock only options.

B) when you pull money out of the traditional, it counts as income and will be taxed. Part of retirement is managing your income streams to take out as much as you need/want with as little tax impact as possible. Some retirees get social security and even though they have bank, they don't pull much from their savings.

Is it a significant impact, probably not. But it is a future risk to delay the tax. Who knows what the tax code will be? I mean, look at how the taxes are proposed to change next year. If you have an income of less than like 360k, your taxes will increase. How many retirees are pulling more than 360k per year? They just got future fucked on their tax deferment.

Tithe to yourself either before or after taxes, the church set 10% for a reason, that is the fluff that you can give before it starts to bother.

Always maximize your matches.

If you are in a lower tax bracket now then you would be when you retire, put it into a roth. If a high bracket today then tomorrow, put it into a traditional.

High risk when you're younger. You can try to time market ups and downs, but unless you leg back in after you've pulled out, you are VERY likely to miss the upswings.

If you have enough to personally invest, either swing for the fences with 0dte or invest in products you use. You probably aren't wrong.

And remember that that first option win is free. Post your loss porn to wsb.

#5, but you tear off the clip. EVERY TIME.

Republicans arent showing up to hear the message, so let's shit talk the dems.

You aren't crazy. This shit is fucked up.

Be mad about it. Be frustrated. Figure out what you can do about it in your circle of influence.

Someone's favorite Hamilton character is showing.