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Joined 1 year ago
Cake day: June 15th, 2023
  • seth@lemmy.worldtoAsklemmy@lemmy.ml•Do you honestly see yourself ever retiring and how?
    2·
    20 hours ago

    If there were a steady growing economy and no crazy events for the next 20 years, and no major health issues, my Roth 401k would probably be enough for a modest retirement.

    I was just wondering what the penalty would be to withdraw everything before 59, so I could figure out if it would be enough to immigrate somewhere with reasonable healthcare and a social safety net that would take those worries out of the equation. I think since it’s Roth it would just be 10% of gains + one-time capital gains tax?

    It might be enough. Simply having a lump of $ makes so many more countries welcome to immigrants.