Chris Kline
๐ค SpeakerAppearances Over Time
Podcast Appearances
The pigs get slaughtered, right?
Let me pull some of this off the table.
That doesn't penalize them.
They can go to cash, they can go to gold, they can go to real estate, all within the same wrapper.
At some point, let's say you need to take the money out.
So if you really have like a rough 10 years and you're like, I'm not making any income, I've got to start taking funds out, then you can take distribution early before 59 and a half.
That's the distribution age.
You can take it for certain things.
You can take it for home buying expenses, some higher education expenses.
So those you can take out penalty free.
If you do take it out for, hey, I just got to pay my bills, then there could be somewhere between 20 to 25% penalty plus whatever your tax bill might be at that moment in time.
That's not very common though.
Most folks, this is the beauty of retirement investing is once you set it, you're thinking decades.
This isn't like a savings account where you're like, ooh, I see those Knicks tickets for tomorrow night.
I really want to grab the front row.
I guess I'll divvy my savings for that.
You're not going to do that with your retirement account because it's an additional wrapper and the advantages of it are so powerful over time to create generational wealth.
Yeah, so obviously Bitcoin's a pretty volatile asset.
We've watched it over the decade together.
You'll have people, we have 85 different coins, and that's usually driven by our consumers asking for them.