Is 401k a boomer thing? Can the IRS or govt seize your 401k at some point? I'm 29 years young, have about $75k in 401k, $100k in savings,$30k in crypto
I have maxed out this year and wondering if i should stop 401k next year , pull out $50k from 401k and go all in crypto.
I want to get to $1M atleast and change jobs next year
>young
cringe
Assuming you have a traditional 401(k), you would be taxed on that withdrawal and also subject to a 10% penalty. A 401(k) is a far, far better investment. Crypto will make you poor.
i went all in roth
You'd still be subject to the 10% penalty. You can't withdraw until you're 59 and a half.
You sound like a fucking idiot
how is this even real?
I know this is too risky, but reward doesnt come without risk. have to keep wagecucking till 70, if i keep in 401k
Yeah a Roth Ira is where it's at, I hear
>Crypto will make you poor.
This is not factually correct long term.
>IRS or govt seize your 401k
You sound like a burger. Look up civil asset forfeiture and understand taxes.