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arsey sucka/dick Genetically dilated axe wound (Team SDTA-1040 bayyybeee)  2yr ago (reddit.com) Edited 2yr ago 1,094 thread views #12837

GME tard goes full r-slur and quits his job after cashing in his $58k retirement (title edited cuz I don't know these money things)

https://old.reddit.com/r/wallstreetbets/comments/pghynq/i_just_quit_my_job_so_that_i_could_roll_over_my?sort=controversial

Krayon sexually assaulted his sister. https://i.rdrama.net/images/17118241526738973.webp https://i.rdrama.net/images/17118241426254768.webp

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I mean he could realistically cash out and take a year off. But you know he's gonna lose it all on puts or something.

edit: nvm he's an r-slur and has 58k total invested, not gains

:#marseytwerkingtalking:

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He could be moving into a new job. If he's been working for a few years at a STEMlord job and was maxing out contributions, $58K is about right, and it's time for him to move on to a new job anyway to get a raise.

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If he does that he'd have an extra $58k of income taxed at ordinary income rates for his 2021 tax return. He'd get double fricked on 4/15/22.

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Plus he would take the short term capital gains hit.

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No he would not. Monies withdrawn from a traditional 401(k) are recognized and realized at time of withdrawal as ordinary income.

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He put it in an IRA. Can't come out for at least a couple decades.

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You can absolutely pull money out of a retirement account early, but if you do you will typically be subject to a 10% early withdrawal penalty.

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Surely those GME shares will make such gainz as to make that 10% not matter right?

...right?

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