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arsey sucka/dick Genetically dilated axe wound (Team SDTA-1040 bayyybeee)  2yr ago (reddit.com) Edited 2yr ago 1,089 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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Imagine having a 401(k) plan so shitty you can't do in-service withdrawals to roll your perfectly safe mutual funds into wildly speculative gambling meme stocks.

I guarantee this paste eater does an indirect rollover, cashes the rollover check himself, and doesn't redeposit the funds into a like-kind qualified account within 60 days thus triggering $58k of ordinary income.

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not BoomerMaxxing all your money into the S&P500

Not realizing that the only real hedge is ammo and weapons

Not making e-z gainz

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Doesn't 401k money get taxed insanely high too?

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

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401(k) money (assuming it is pre-tax contributions and not Roth) is only taxed when withdrawn, and it is taxed at ordinary income rates.

For example if you make $100k salary and take $50k from your 401(k) and don't reinvest it into another 401(k), IRA, etc., your taxable income is $150k for the year.

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Thanks. These little nuggets of info from people way better at finances than me are always appreciated.

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

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