Flying SquidSome people are so greedy.
rauls4I recently found out that after 55 you can withdraw from your 401K without penalties if you lose your job.
It has (I recently turned 55) given me a peace of mind I have never known before. If I get fired, I know it will not be the end of my world, and have my wife’s health insurance to fall back on.
Crazy how we live so many years with this specter of doom hanging over us.
You’re 55 and just learned what a 401k is? And you’ve apparently been contributing to it for some amount of time… so what did you think it was?
Getting downvoted here but… this dumbass was paying into his 401k for decades and just found out what it was. Sorry but that’s just objectively stupid. I’m not even advocating for 401ks, I think they’re privatizing something the government should cover. But what absolute idiot pays for something without understanding it?? Did he not have Google? Did he ignore the endless pieces of mail, the HR meetings, the benefits packets?
“2% of my paycheck? Yeah go ahead and take that!”