Just cashed out the rest of my 401K to gamble bigger

[Emily_Haines]

Getting a 0.60% return on my fixed investment plus Obama is doing his best to destroy the country. Fuk that shit I'll take the 10% hit now because I got a felling these coksuckers will end up taxing the living shit out of it later.

Who says I'm going to live to 59.5 anyways?

[SlickFazzer]

I like it!

[Brock Landers]

Taken many 401K loans in my day

[UntilTheNDofTimE]

Getting a 0.60% return on my fixed investment plus Obama is doing his best to destroy the country. Fuk that shit I'll take the 10% hit now because I got a felling these coksuckers will end up taxing the living shit out of it later. Who says I'm going to live to 59.5 anyways?

Stupidest thing you can ever do. No one says you'll live to 59.5, but 30 dollars a week makes 1 million when you retire if you do your homework and can attain a 7% return. Id rather not be broke when i retire than to get a extra fix in.

[Grits n' Gravy]

Stupidest thing you can ever do. No one says you'll live to 59.5, but 30 dollars a week makes 1 million when you retire if you do your homework and can attain a 7% return. Id rather not be broke when i retire than to get a extra fix in.

No sense trying to help the o.p. He is essentially a full on retard.

[jjgold]

You better not lose it guy
Pressure/scared betting does not end up well

[UntilTheNDofTimE]

I was explaining to my friend that if he invested 5% of his income into his 401k for the last 4 years he wud of had 16,000 in there from a total contribution of 6,000. Yet these idiots still dont understand what compound interest is.

[underthe total]

right on

let er rip!

[trixtrix]

401k don't generally pay out until you're 65, there's two basic advantages to a 401k: no tax deductions and employer match, if you're not contributing the 3% when your employer is offering to match, you're leaving essentially 100% cash bonuses on the table

[ngates815]

401k don't generally pay out until you're 65, there's two basic advantages to a 401k: no tax deductions and employer match, if you're not contributing the 3% when your employer is offering to match, you're leaving essentially 100% cash bonuses on the table

My girlfriends work matches 4% and she makes around 65K a year.

She was only doing 2% when she got the job at age 22, she asked me to look at her papers she'd be getting from her 401K, I told her she best be putting in 4% since it's all free money, and we're not hurting to get that extra 2% in the paycheck anyways.

[cant call it]

Getting a 0.60% return on my fixed investment plus Obama is doing his best to destroy the country. Fuk that shit I'll take the 10% hit now because I got a felling these coksuckers will end up taxing the living shit out of it later. Who says I'm going to live to 59.5 anyways?

No sense trying to help the o.p. He is essentially a full on retard.

[lolguy999]

well how are ya gonna use it? bet bigger units? If u only watch for big plays and only bet on 90% certain games u can litterally risk 40k a game and not be worryin

[VegasInsider]

smart. hope you lose it all.

[Fishhead]

Anyone with a 401k working is not to sharp

Smart move here Emily, very smart.

[DwightShrute]

Getting a 0.60% return on my fixed investment plus Obama is doing his best to destroy the country. Fuk that shit I'll take the 10% hit now because I got a felling these coksuckers will end up taxing the living shit out of it later.

Who says I'm going to live to 59.5 anyways?

wow I can't believe I am saying this ... good luck Emily

[romecloneout]

seems like a good idea haha

[Fishhead]

Anyone SAVING money is just not sharp...............HAVE FUN, ENJOY LIFE, GEEZUS.

[timmyboy34243]

i'd do a 5 - 6 team parley for the whole wad and tell everyone at work to fukk off i'm not coming back.......

[Ninersnut]

.60 percent WTF u got everything tied up in low risk banking? Mine is 19 n 7 ytd

[d2bets]

Anyone SAVING money is just not sharp...............HAVE FUN, ENJOY LIFE, GEEZUS.

I would lay -250 that this coming from someone will a healthy amount of savings. Everyone should save a minimum of 10% earnings each year.

[Brock Landers]

You better not lose it guy Pressure/scared betting does not end up well

i'm living proof of that

[d2bets]

My girlfriends work matches 4% and she makes around 65K a year.

She was only doing 2% when she got the job at age 22, she asked me to look at her papers she'd be getting from her 401K, I told her she best be putting in 4% since it's all free money, and we're not hurting to get that extra 2% in the paycheck anyways.

Don't take this the wrong way, but I'm guessing your girlfriend is smoking hot, because she's probably not a Rhodes Scholar.

[ACoochy]

Anyone with a 401k working is not to sharp Smart move here Emily, very smart.

+1.

[Emily_Haines]

Most people by the time they get old blow all there saved money on health care or forking it over to the nursing home. My plan is to have all my money blown by the time the hospitals and nursing homes try and get their hooks into my fortune.

[InTheDrink]

Most people by the time they get old blow all there saved money on health care or forking it over to the nursing home. My plan is to have all my money blown by the time the hospitals and nursing homes try and get their hooks into my fortune.

[isles71]

if true, this is a great great idea.

[bradthebloke]

why you gonna gamble bigger? arent the sportsbooks next on the list to go?

[falconticket]

Let the government take care of you when your older. Good thinking. They have the best facilities.

[big joe 1212]

Wait until you do your taxes next year!

You will feel like throwing up!

[ouman101]

I'm trying to figure out how you think you'll get your money out with only a 10% hit. Its closer to a 40% hit to cash out your 401K early unless you are just taking a loan against it.

[valaub04]

always remember, the more you bet the more you win!!!

[deeshen13]

this probably isn't going to end well

[Fishhead]

Wait until you do your taxes next year!

You will feel like throwing up!

That's what our shitty government wants people to think.............


More reason to abandon one's 401k

No-brainer here folks.........

[ElCapitan]

I'm trying to figure out how you think you'll get your money out with only a 10% hit. Its closer to a 40% hit to cash out your 401K early unless you are just taking a loan against it.

100% correct. You'll owe the IRS a 10% early cashout penalty PLUS you'll be taxed on the total amount as income. Congratulations, you just gave 30-40% to the government.

[xyzky]

Taken many 401K loans in my day

Can't believe you haven't offed yourself...