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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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511436 No.511436 [Reply] [Original]

pic related, it's my life right now

lol fuck /biz/ Is there way to withdraw all the money from your IRA and 401k early without incurring penalties and taxes? I know I can get the principle out of my IRA tax free I think, but I know I'll be fucked in the ass with taxes on the 401k.

I have a glioblastoma and have 4 months to live and want to build a badass as fuck gothic mausoleum for myself. I have no friends or family to be beneficiaries for the money, well some family but fuck them they aren't getting my money. I'm 30 and it's a little more than 600,000 dollars and already have a few masons lined up, though it's doubtful it'll be done in time for me to see it.

thanks, /biz/

>> No.511457

>>511436
I'm sorry to hear about your situation. I don't believe there is a way without incurring taxes.

>> No.511464

>>511457
If you're going to die then elect to pay all the taxes in cash next year

>> No.511471

>buy a mausoleum for myself

sounds like you'll get what you deserve after all. a real person would do something meaningful with that money.

>> No.511472

>>511471

I'm an athiest

>> No.511490

>>511472
doesn't mean you can't make someone else's life better with that cash. gift it to poor youths or something.

>> No.511542

>>511490
This. Make the little time you have worthwhile and do good with your money. Help poor or sick people and die with the knowledge that, while alone, you won't be forgotten and that there are people who will remember you and are thankful. Why build a mausoleum and die bitter and alone?

>> No.511565

>>511436
You can take a loan against your 401k. Not sure what % of the total value though.

>> No.511567

>>511542
>>511490
>>511471
fuck these dorks. Make your fucking mausoleum. That's cool as shit

>> No.511626
File: 993 KB, 317x178, 1411899600271.gif [View same] [iqdb] [saucenao] [google]
511626

>>511436
Good luck in building your muslim OP.

>> No.511793

>>511436
First off, condolences.

Secondly, fuck cancer.

Thirdly, go build it. Die in debt and let the IRS eat it.

Fourthly, there are almost 300 open trials for glioblastoma on Clinicaltrials.gov, so if you really wanna gamble, find one with a publicly-traded company, invest a few shekels in the company, enroll in the trial, and if your doc starts expressing surprise at why you're still alive (PROTIP: they're trials and most trials fail, so you're probably fucked, but just in case you pick a trial of something that actually works...), walk away loaded.

Fifthly, fuck cancer.

Sixthly, condolences. Yeah, I know I said those two upfront, but they were important enough I thought they bore repeating.

Seventhly: good luck anyways.

>> No.511804

OP, if it means anything to you I can be your beneficiary. I'm just a nice guy. and why don't you get chemically preserved like Vladimir Lenin

>> No.511810

Pull it out and transfer the money to a foreign account then pay to have the work done there where the IRS can't foreclose on the building.

>> No.511812

>>511804
You're a slimy one, Mr. Cunt.

>> No.511817
File: 214 KB, 750x374, Death_and_Taxes_2.png [View same] [iqdb] [saucenao] [google]
511817

>pic related

>> No.511865

>>511464
Do this one. Fuck them, they didn't do anything to earn it.

>> No.511869

>>511793
Actually no, do this one.

But totally for putting the IRS up in debt.

>> No.511930

>>511436
bitcoin is the future of money

>> No.511948

>>511436
yes, you can get a disability exception

>> No.511958

>>511436
Spend it in Vegas. Get a loan, build mauso with a loan and leave no money or assets in your Estate.