Tuesday, 11 May 2021

Pulled the trigger. My 401(k) just became Bitcoin.

Did you know you can take out up to half of your 401(k) (or 403(b) if working for a charity) as a loan (which you pay back to yourself with interest)?

I finally filled out the paperwork, worked through the transfers, and turned half my retirement into cryptocurrency. I now have to make monthly repayments into my retirement, so it's sort of a forced savings plan with the benefit of frontloading my BTC growth. (I actually got in on some of that sweet DIP!)

Thank you, Joe Biden and the Child Tax Credit that will be paying my loan back.

submitted by /u/dawsonhunter
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