34
Do you honestly see yourself ever retiring and how?
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 14 Nov 2024
34 points (90.5% liked)
Asklemmy
43915 readers
989 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
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.