LongWayAround
WKR
- Joined
- Aug 10, 2015
- Messages
- 2,650
Because when they are broke everybody else has to support them after such a stupid decision.
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Sure. So I'm 35, I take $20k (of my money), pay the tax penalty (last I looked into it was 10%, definitely not the 50% previously posted) and burn it on a trip. Let's call it $25k. I owe about 200k on a house that is currently valued near 600k. My 401k took a bigger hit thanks to Crooked Joe. I still have a job and another thirty (or more) years to work.
Where's the part that I go broke? Who is the everybody else that gets to support me?