401k not your money
Discussion
One of the reasons I quit my job and implore others to do so.
The banks and BS institutions don't have your money people. The legacy finacial system is a giant ponzi scheme, scam, shit show.
-So it's not my money?
+Of course it isn't, sir. What the hell do you think they're paying current pensioners with?
OP should have read the terms and conditions. It's all in there
Dude I'm sorry if you're just now learning that 401k money is just another way to say "the company's money"
The loan isn't that bad, the interest you pay goes back into the 401k. I took out a loan at 4% 2 years ago. Bought bitcoin. Still making payments on it, but the bitcoin is mine.
Let me say what others are not saying. Why would you want to move 401k to bitcoin? What if the network effect of bitcoin moves to something else there by crushing its value? It’s your retirement account and if it gives you comfort then think of it as a hedge to your bitcoin.
A 401k loan is actually a pretty good deal, considering that the interest you pay just goes back into the 401k along with the principal. If you wanted it to be *your* money, then you should have read the fine print about this being an arrangement between the government and you to stabilize your non-productive years.