this post was submitted on 21 Nov 2023
449 points (94.3% liked)

Memes

45575 readers
1624 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] ilovetamako@lemmy.dbzer0.com 4 points 11 months ago (2 children)

This is why you gotta use a Roth IRA, if you pull from it before 59 it's heavily taxed. Forces you to save

[โ€“] Kimjongtooill@sh.itjust.works 2 points 11 months ago

Pretty sure you can pull contributions before 59 at anytime penalty free. Gains though and yeah you'll pay penalties and taxes on.

load more comments (1 replies)