Megiddo on 24 May 2019
sethnintendo said: Well there aren't many products left to threaten tariffs. He said he wanted tariffs on all products and we are about to get there. In a full blown trade war now. I'm going to take half my money out of 401k with loan because here comes the correction. Plus I will prob die before retirement. I plan on working till I die |
Depending how your 401k is codified it may be considered a retirement account, and if you do withdraw money from your 401k and it is considered a retirement account, then you will be hit a very heavy tax (around 35% if I remember correctly). Just FYI.