[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 781 KB, 966x918, A3C020BC-BD08-4DA1-BE97-37934F6D5B8E.png [View same] [iqdb] [saucenao] [google]
27535077 No.27535077 [Reply] [Original]

Should I sell my IRA (before taxes / not Roth) estimate of $20,000 on stock and eat penalties and taxes to put towards another long term investment like Amazon stock? Or is this a really bad idea? I’m not contributing to it but I used to make 140k/yr but quit two years ago to start my own software telecom business which is still not profitable. I’m Giving it one more year til I give up (no partners just all me) and go back to waging unless I get better at trading. The lockdowns shutdown all my travel and trade show opportunities.

>> No.27536608
File: 103 KB, 486x679, 1792543985734556.jpg [View same] [iqdb] [saucenao] [google]
27536608

IRAs are shitty for retirement anyway. Consider using an HSA instead. HSAs are triple tax advantaged. You need a high deductable health plan though, so only consider this if you are in relatively good health anyway.

>> No.27536811

Put into BTC or LINK

>> No.27536867

>>27535077
>Should I cash out my IRA early

The answer to this is always no. Hands off your piggy bank you fucking Mong. It's for your future self not for your degenerate gambling.

>> No.27536901

>>27535077
I feel like that bug right now in life