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63 sats \ 5 replies \ @denlillaapan 7h \ on: Do you diversify? AskSN
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Yea, it feels like throwing money on a fire. I'm not sure if I should just pull it all out and put it in bitcoin.
What does the economist think, considering the penalties for taking it out.
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not familiar enough with the specific U.S. rules about 401(k)s or withdrawals.
Unless it's a major portion of your wealth (i.e., it's much, much bigger than all your BTC or what you could expect to earn in the next few years), I would probably just keep it around as a backup.
My country forces me to pay into a 401(k)-like pension system (and gives me ~25% tax discounts for additional contributions), so while I don't max that out all the time (hashtag cashflow) I'm happy to keep it around as a bitcoin-failsafe protection.
Basically: let's posit (as market prices are telling us these days) that I'm completely wrong about bitcoin. At least I won't starve in old age.
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I haven't been putting into 401k for long, it's really not much. Maybe I'll just leave it. If you take it out early you pay 10% fee plus capital gains tax.
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Probably keep it, then
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Ty ty
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