"Emergency funds are for retards." Coli Poster
- Thread starter Sad Bunny
- Start date
Kyle C. Barker
Migos VERZUZ Mahalia Jackson
"74% of Black Americans Dependent on next Stimulus"
Make it make sense
He's the other 26%
Okay so you're just going to give up on those potential gains from your 401k or your retirement account because you need to fix a flat tire or your transmission?where is that in the statement you quoting clown shoes...?
And you “loan” yourself the money and pay yourself interest and no cost. If you’re in an emergency, I doubt you’ll care where the money comes from but at least your “emergency” fund is making you money.
Either way, you’re a coli clout chasing bozo
If you lost your job...most 401k loans have to be paid back within 60 days or it becomes a withdrawal.....that's taxes and early penalty fees
Yall really dumb.
Clayton Endicott
Superstar
Plus you don't have to worry about the interest like you would if you used a credit card.He has a very valid point moron
if you have a retirement account you can loan yourself money at any given time for whatever
No shyt
But most people still need an emergency fund on top of investments.
most people can't afford to survive let alone invest their money.
But most people still need an emergency fund on top of investments.
most people can't afford to survive let alone invest their money.
Okay so you're just going to give up on those potential gains from your 401k or your retirement account because you need to fix a flat tire or your transmission?
If you lost your job...most 401k loans have to be paid back within 60 days or it becomes a withdrawal.....that's taxes and early penalty fees
Yall really dumb.
Okay so you're just going to give up on those potential gains from your 401k or your retirement account because you need to fix a flat tire or your transmission?
If you lost your job...most 401k loans have to be paid back within 60 days or it becomes a withdrawal.....that's taxes and early penalty fees
Yall really dumb.
You have to outright lie and make up subjective scenarios now? You just want some attention clown
Everyone telling you that you’re the dumbass here and you just double down, fakkit loser chasing a plat thread because you don’t have anything else going on in your life.
He’s right, your wrong and obviously broke, end of story and end of this discussion for me
they call it hardship withdrawal, but it's not a good idea to rely on these as you have to pay a penalty to get your own money.He has a very valid point moron
if you have a retirement account you can loan yourself money at any given time for whatever
401K is for long term save only. not an emergency fund
Nothing I said is a lie.You have to outright lie and make up subjective scenarios now? You just want some attention clown
Everyone telling you that you’re the dumbass here and you just double down, fakkit loser chasing a plat thread because you don’t have anything else going on in your life.
He’s right, your wrong and obviously broke, end of story and end of this discussion for me
You're the one resorting to middle school insults lol
I am not broke. I probably make more than you.
3 Reasons a 401(k) Loan Is a Terrible Idea | The Motley Fool
Why You Shouldn't Take A 401(k) Loan
8 Reasons to Never Borrow From Your 401(k)
Bro I feel like I'm crazy. When is borrowing from your 401k instead of having a general savings account ever been a good idea? I'm not saying it can't be done but it's generally not a good idea.
I guess I'm not conveying myself in the best way or getting my point across effectively but I really feel like I'm in the Twilight Zone
Maybe all 401ks aren’t the same, but i just literally said you don’t have to pay any penalty unless you don’t pay the money back ( up to 50k ). It’s a loan to yourself and yes I know this to be a fact because I was considering doing this to pay on a crib I was looking at for an investment and had a sit down with an advisor a couple of years back.
This is the type we’re commenting on.
Kyle C. Barker
Migos VERZUZ Mahalia Jackson
Okay so you're just going to give up on those potential gains from your 401k or your retirement account because you need to fix a flat tire or your transmission?
If you lost your job...most 401k loans have to be paid back within 60 days or it becomes a withdrawal.....that's taxes and early penalty fees
Yall really dumb.
He's not just talking about 401Ks and IRAs.
He was also talking about a brokerage account, ie the thing that can wire money to your regular checking account in 2 days. Some are fasterm
It takes 2 weeks to rollover from a 401K so he wasn't talking about that.
@Goldz-n-hoez talk to your boy
I don’t have an emergency savings account and my bread is correct.
I don’t disagree with who you are trying to throw shade at all OP.
Real ones know.
I don’t disagree with who you are trying to throw shade at all OP.
Real ones know.