Replying to Change this if you want

I'm not in a 401k, etc., but if you have one, what prevents you from liquidating the entire thing when #bitcoin is at its lowest, paying a 30% tax and penalty, and just holding onto the real thing? Greed?
98
Beiner 1y ago

My sister and my ex both tried and they were told nope only loans and or quit

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15
Change this if you want 1y ago

Woah! So they are forcing you to have that 401k damn

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Dimi 1y ago

Same. Common restriction

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Dimi 1y ago

BUT! I did take out a 6% interest loan against it. So it’s not totally useless

15
Change this if you want 1y ago

Why nobody sued govt yet for this ?! Why forcing people to hold something they don’t want or not letting them liquidate it. That’s bad

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Dimi 1y ago

Common law probably. And it’s not a govt problem, it’s a B2B offering problem with skewed incentives. Afaik, the company I work for is strong armed into the situation. Probably get kickbacks too

15
Change this if you want 1y ago

Merica

98
Beiner 1y ago

If you agree in beginning of your hire date. Yes once you start in SOME company you can stop allocating but you cant cash out till you quit or retire