MultiversX Tracker is Live!

Drain 401k to become a BTC whole coiner?

Bitcoin Reddit

More / Bitcoin Reddit 167 Views

I’m moving jobs to a new employer and cannot roll my current 401k over to the new company. I can either 1.) let it sit as is until retirement without additional contributions 2.) roll into an IRA and direct my own investments 3.) cash out and become a whole coiner (plus some extra satoshis)

Thoughts on this? 26 years old making $100k year. I feel like this is a great opportunity to take advantage of current BTC levels prior to it reaching a price level where buying a whole coin is no longer an option. My only concern is obviously the 401k penalty and taxes associated with it..any advice as to how to make the best decision here?

Edit: thanks for all the feedback and I’m glad this question fostered some good discussion!


Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments