yes. this is very bad advice from crypto viewing but they are getting paid to run these ads so they will never tell you what a bad idea it is to keep money locked up in 401k/ira. These are great tools for tax deferred investing, but are created by a special section of the tax code, ie the name 401(k) refrers to the section of that tax code. They can change this at any time they want. They can gate withdrawals, put withdrawal tax penatly at 100%, force you to convert the balance to longer term treasuries with super low rates, or just seize the entire contents of your account on a whim if they think they have political support from the stupid proles that are too lazy to work, didn't prepare, and are 100% a-ok with stealing shit from other people to give to themselves.
2023-01-15 22:43:15 +0000 UTC
Question: Can 401K with my company be Bailed-in like bank accounts???
