Hey #Boomers
Want an Argument for #Bitcoin
Call your #401k provider and request a withdrawal.
You'll get
#paperwork
#3rdparty approval
#taxed at 20% by the
#irs
and that's not all!
The #State gets a slice of your ass too!
#Wow 🤬🤬🤬🤬🤬
Discussion
One flaw here is most boomers are old enough that they won't pay tax on 401K withdrawals.
I'd like to know how that works.
This is not an early withdrawal. It's a normal withdrawal. (My first)
The only way to ease the tax burden is to Take a loan against or transfer to a Roth
