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Joined 22 days ago
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Cake day: March 7th, 2025

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  • No. Unless you had a ton of money in the account and you were already very close to retirement it just wouldn’t make sense. There are a lot of penalties when you pull an account early. I made a hardship withdrawal back in 2023 to make the down payment on my first home and that made sense for me, but even that type of thing isn’t right for everyone.

    Your 401k will rebound eventually, retirement investment requires you to play the long game. If things get bad enough that your 401k is wiped out entirely then it really won’t matter whether or not you pulled the money out because it would likely be worthless in that situation.

    It may be wise to change your elections so that the investments are less aggressive/volatile if you have that option, but otherwise try not to think about the total dollar amount as the economy shits the bed. It’s not like a bank account where the dollars equal dollars directly, the value of the investments can change quickly.




  • Money aside, as a society we should probably be putting more investment into keeping older, but fuel efficient cars on the road. The carbon footprint from manufacturing the car is already there and the with the fuel mileage/emissions/ longevity on something like a used Camry, a Tesla probably wouldn’t even last long enough to pass the break even point.

    Buying a new EV makes sense for someone who’s driving a gas guzzling clunker, but most people driving those vehicles probably couldn’t afford an EV anyway.

    This will probably fuck up the used car market so it’s stupid regardless, but we don’t have to keep buying new shit especially if it doesn’t make sense from an environmental standpoint as well as a financial one.