Made over $1/2 million dollars with Verizon 401k was let go still make 20k a year in Dividends from 401k

So long story short, made almost $600,000 pretax through the 401k (Fidelity) was able to utilize the CARE act to withdraw 100,000 no 10% tax penalty.

and the way that it gets taxed is really crazy too.

its get divided by 3 years and you can pay it back too !!

oh and I still will receive roughly $20,000 a year in dividends as well going forward!!

Thanks Vteamers for your effort keep it going !!!!!

I was able to get a 65%+ personal rate of return over 10 years from the 401k so there is that too.

I could go on about the dividend yield when the stock price goes down but I wont!!

Have a good one !!

Thank You Verizon !!!

Comment! It's anonymous!

7 replies (most recent on top)

Bury me with my money. WTF cares you won’t live to spend it so that’s that.

There are many other stocks that outperform Verizon both in growth and dividends. So OP is missing out on a lot of 💰💰💰 by holding underperforming Verlieson junk stock. Must be hard up for cash too if they took out a $100k using the CARES act. That's another $10k a year of compounding growth they will miss out on. Yikes! 😬

You are a financial genius. What were you doing working at VZ?

No one gives a cr-p you mo--n troll!

Damn, I was starting to get excited that someone took his computer. But he’s back FML

Short story long - you are laid off.

Oh my god, shut up nerd

Thread regarding Verizon Wireless layoffs

Made over $1/2 million dollars with Verizon 401k was let go still make 20k a year in Dividends from 401k

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