Dipped into retirement (401 K, IRA, etc) to support your stripper habit?
Jimmybigtits
Western PA
I have not and I'm a stickler about this. I have a budget and stick to it in a disciplined way.
But I smoke cigars with a couple financial advisors and brought up my clubbing. And they both had stories of multiple clients who told them to cash out part of an IRA (With early withdrawal penalties) to support their sex worker habits including strippers and escorts. While I'm not surprised I was shocked that they knew quite a few.
Has anyone done this? (I hope not) or known anyone to do it? The more likely scenario is someone making a decision to save less for retirement to support the lifestyle
I know many of you vets are retired. I'm partially retired but others here are still working stiffs
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Last year, I might have spent $9,000 on strippers, and thought that was excessive. None of that came out of 401(k), all of which comes out before it hits my checking account.
Once you start wondering whether or not you have a problem, you have a problem.
But I have to admit I don't have the discipline of Tetradon. I've spent well north of $9k YTD on mongering activities. All of that might be inside a strip club. Most of mine goes to OTC and Sugaring. But I consider all of that as similar activity.
I started clubbing semi-regularly in 2000 - but after joining TUSCL in early-2012 I started clubbing hard till about 2017 - during that time I did decrease the contribution of funds into my retirement-accounts/investments where I was not putting away as much as I wanted to, but have made-up for it in the last few years.
I know a plenty of people in my age range and income bracket that spend significant portions of their income on non-stripper entertainment but live paycheck to paycheck with no rainy day fund, much less a plan for retirement. Poor financial planning is not exclusive to strip clubbers. Some are just dumb, others know better but care more about the instant gratification.
The only people that should be spending their retirement money in a strip club are people that are already retired and have more than enough retirement income to pay their normal expenses. In that case live it and enjoy your retirement.
Pics and Vids of the shares and bucks and juciebox69 investment advice or it didn’t happen.
:D
Good Times, Good Times.