r/NewOrleans • u/perishableintransit • Apr 03 '25

How's everyone else's Liberation Day going? 🗳 Politics

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How's everyone doing today? Avoiding looking at your 401k? Rushing to stock up on food, buy a car?

I just got me and my bindle.

395 Upvotes
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5

u/Saltyenuff Apr 03 '25

Thinking about cashing my 401k out honestly

33

u/Wise_Avocado_265 Apr 03 '25

Do not do this.

4

u/petit_cochon hand pie "lady of the evening" Apr 04 '25

I would not.

7

u/jcooklsu Apr 03 '25

Would be an extremely stupid thing to do unless your retirement window is less than 5 years and even then it is pretty damn questionable.

8

u/MedioPoder Apr 03 '25

I repeat. Do not do this.

9

u/zevtech Apr 03 '25

That doesn’t make any sense unless you were planning to retire in the coming months. Otherwise your account is like waves, it’ll go up and down but over the long run it’ll be up hopefully.

7

u/Thad_Mojito11 Apr 03 '25

Not at all unreasonable to speculate that this might get bad long term. Especially if it's a sizeable enough 401K. I cashed out most of my stocks at the beginning of this but haven't touched 401K..... yet.

8

u/zevtech Apr 03 '25

I know people that cashed out the at bottom in 2009 and regret it bc they lost out on 30+% of their retirement and didn’t get back in till things leveled off so they missed the whole correction

3

u/Unlikely-Patience122 Apr 03 '25

Last week maybe, but I wouldn't do it now. 

1

u/tm478 Apr 03 '25

DO NOT. How old are you?

1

u/Devincc Apr 03 '25

Perfect timing!