Record number of Americans are making 401(k) withdrawals to cover immediate expenses — but it comes at a heavy price
1d 19h ago by lemmy.world/u/return2ozma in news from www.independent.co.uk
We need more of this. I bought my SO stickers for Christmas. Time to put them everywhere.
Bonus points if you put a bit of super glue on the back
Trump is a symptom not the disease
My 401k is completely gone. My wife left me hi and dry about a year and a half ago and I've been unable to find employment. So I burned thru my 401k and now I have no idea how I'm gonna make rent next month.
Fuck man…I’m sorry and wish things improve for you, quickly.
Thanks. I've been trying everything I can think of. On top of sending out resumes, I've got a YT channel, an Esty page(photography), and an IT Gumroad page. I was hoping I could generate some income that way but still got nothing on those either. IDK what I'm going to do. I have no family or friends to lean on. :/
What about temporary gig jobs like Uber/Lyft/DoorDash?
Are you okay sharing the YT channel from this account?
www.youtube.com/@TheADHDAdmin
Etsy page: https://zennaturescapes.etsy.com/
Why is the thumbnail Garry Kasparov lol
I was thinking the exact same thing lol.
Maybe they searched for an image of "someone thinking" and that popped up.
It's not just the thumbnail. The photo is in the article, captioned "More Americans than ever are turning to 401(k) withdrawals to make ends meet".
I don't think Kasparov was ever naturalised to American, was he? It's a weirdly misplaced photo.
If there is no IRS...just keep the 60% they try and recoup?
There still is IRS for poor people. They just don't have enough people to audit the rich.
Yep. All the tax events we do are reported directory to the IRS. The audit system knows what we owe and will triggered letters and eventually garnishments.
It's why is so ridiculous they don't autofile. No some free form system but literally just send it to use an invoice.
Imagine if our utilities work this. Oops you miss read your water meter, here's an update bill with fees and interest automatically added. Oh, you don't have the funds? No problem, we've drained all your bank accounts.
what's obscene is that they got rid of free file.
10%, but i am ethically obligated to tell you not to play the audit lottery
Plus standard income tax
if you are paying 50% income tax in statesia please DM me with your location, i can find you a qualified professional to help. None of my clients had an effective tax rate (state and federal combined) higher than 27%. I'm not practicing anymore but again, if you are paying 50% we can cut that by a lot.
Stock markets gonna crash anyway
Why is there a picture of Garry Chess, the inventor of Chess?