Yep. 401Ks are forced scam upon everyday workers. One does have the choice of opting out of the 401K upon employment. The other bullshit money thing about 401k is why would one want to defer their today tax dollars for higher tax amount in the future.

The whole retirement system went to shit in the mid 80s.

Bottom line though is that people need to wake up and understand all aspects of how money works.

If possible one should try to avoid W2 employment and go with 1099 contact work and put your retirement savings into BTC.

Pension schemes aren’t “forced” on anyone. But in my professional experience advisors & employees need to do a way better job explaining how these things work to people before they engage and sign a contract.

I’ve met far too many people months from retirement with government registered accounts that have no idea as to how their accounts actually work.

401ks and tax advantaged accounts can help you get ahead in the fiat game.

And for those who want nothing to do with any of it (understandably) - there’s always #Bitcoin

During COVID over here we were allowed to pull out some of our Superannuation (401k, but with extra steps and more government). I took out the maximum allowed.

I spent that money badly (propping up a failing business), but still better than my money being spent to prop up a failing régime!

1. At age 59.5 you can withdraw without additional 10% penalty added to your normal income tax rate.

2. Under 59.5 you can make a withdraw from most CUSTODIANS/COMPANY plans for "hardships" like medical bills etc....

3. Under 59.5 you can quit your employer and "roll it over" to your own IRA and pull it out anytime, but if you touch it you pay the penalty plus tax.

4. You can take a loan out to yourself up to $50K, (like 3%) the payments come out of your paychecks.

Yeah, it's scammy, it's really set up for you to die without ever seeing anything, or never more than at most half of it after tax and penalties, or hold onto it until your old and it's completely debased by then. I borrowed $40,000 last December and bought 2.1 Bitcoins, you can calculate what it's worth today.

This year I quit my 20 year job and took it all out, after taxes I got about half....closed down my two side businesses too, sick and tired of paying 52% TAX ON EVERYTHING I MAKE IN AMERICA, innovation is dead here.

I didn't care I figured it was my FIAT money and I wasn't going to die without it!

The FIAT system is corrupt and decaying and I don't want anything to do with it anymore! I will die extremely rich or extremely poor, but I'll die happy! I paid off my house, bought some more Bitcoin, I NEVER FELT BETTER!

I'M OUT BITCHES....lol