post in here if you got a 401k/ROTH IRA plan

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I cashed out my last one in 2008 because I had bought a house, left the company and didnt have access at my new company for 1 year (fukking recession).

Got my new one and this one will only be touched for Loans for buying another house tpe stuff. Because I'm old as sheit, I need to be at 10-12% from here on out to get where I want.
 

BlvdBrawler

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Got my new one and this one will only be touched for Loans for buying another house tpe stuff.

tumblr_m6yht3U0Om1qm36p7o1_400_zps348d6c10.gif


Leave that shyt alone breh!
 

Sunalmighty

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I wish comcast had a pension, but they don't. They have 401k, 4.5% match. Down from 6. And we can purchase stock. I've dipped into mines for house purposes
 

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tumblr_m6yht3U0Om1qm36p7o1_400_zps348d6c10.gif


Leave that shyt alone breh!

Do you have a plan with loan options? There not only completely harmless, they actually help you put more money in.

If you take a loan, you can have it paid back in what ever interval you'd like (1 year, 2 years etc) and you can pay it back in full at any time.

There is an interest rate of usually 3%.

The interest is charged to you, but also paid BACK to you, because in this case, your lending yourself money.

So when you pay yourself back the loan, the interest goes back into the value of your plan.

Its a sweet feature.
 

BlvdBrawler

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Do you have a plan with loan options? There not only completely harmless, they actually help you put more money in.

If you take a loan, you can have it paid back in what ever interval you'd like (1 year, 2 years etc) and you can pay it back in full at any time.

There is an interest rate of usually 3%.

The interest is charged to you, but also paid BACK to you, because in this case, your lending yourself money.

So when you pay yourself back the loan, the interest goes back into the value of your plan.

Its a sweet feature.

That sounds like some wizardry breh. Doesn't sound as bad as I was thinking.

How does the bank make money on this tho? You know those greedy fux aren't letting money change hands (even if it's just your right hand to your left hand) w/o getting a piece of the pie.
 

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That sounds like some wizardry breh. Doesn't sound as bad as I was thinking.

How does the bank make money on this tho? You know those greedy fux aren't letting money change hands (even if it's just your right hand to your left hand) w/o getting a piece of the pie.

HA!

I dunno, I hve ING retirement and its super simple. No penalties, or Tax unless you fail to repay the loan. Also, I keep having my normal withdrawl go in, so my plan grows at a normal rate.

Its a cool feature without many draw backs.
 
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