Im talking about those forced retirement accounts that dont let you withdraw until youre 60+ years oldBut that youre allowed to withdraw like $10k or $20k from every year by claiming some bullshit.Ive come to the conclusion that these retirement accounts will likely either (A) collapse or (B) inflation will get so bad that the 8-10% returns they give will mean they'll be pretty much worthless by the time i retire in 30 years.Last year I said fuck it and pulled out $10k. In a few months time I'll be able to pull out another $10k. For the fund I have, I can only take out $10k/year max.Is there any reason you advise against this? Every single normie screeches on about u should be maxxing out these accounts but as I said earlier I dont think they'll even be a thing in 30 years.
Oh, and if you wondering what im doing with that money. Its going into Bitcoin. I wish I could take it all out right now and just put it all into Bitcoin.But the fact they dont let u do it before age 60+ is proof to me its a massive fucking scam. They know its fucked so they have to limit people getting out of it. Boomers set it all up so basically its impossible for younger people to say fuck it and just take it all out and go elsewhere, they want us funding their bags for the next 20 years before they all croak it.
>>62104393They don’t let you take it out until 60 because they want your dumbass to save for old age/retirement and you get preferential tax treatment on your contributions, again, because they want your dumbass to save for old age so you’re not a burden on society.
>>62104408There is plenty of fucking ways to take it out penalty free. But realistically if you plan for an early retirement like let say 49/50. You wanna have a bridge account until all your other accounts start opening up.
8-10% return? Last statement I got, it was already losing money. Down by £30, with the total pot at £7k. Meanwhile my personal portfolio is at £23k, up from 15k last year. If I could drain the former and make it a neat 30k, I would.
>>62104429>there are plenty of ways to take it out penalty freeNot really no there isn’t
>>62104393DESU, having BTC at an old age sounds like a bad idea since you might forget your private keys.Even if you write the keys down somewhere, you might forget where you hid that piece of paper.You might be more susceptible to hacks since you aren't on top of your OPSec like in your younger days.And fuck keeping it on exchange.
>>62104710>And fuck keeping it on exchange.lmao
