Listen. No joke but you can, until 12/31/20 take out a 401k withdrawal for up to $100k and buy several pallets from LC and resell to make more profit than the market would barely be giving you at this moment. No penalties, no payback necessary, and claimed only as income with taxes paid over a 3 years period. Crazy, I know.
While I wholeheartedly feel we should have the freedom to do it,
That's a stretch, buying any large volume of ammo, lowers, etc, and NOT being a dealer or FFL, then turning around to make a profit would likely get you some unwanted attention by the ATF and IRS.
While I hate to say it, I think this withdrawal thing is a possible driver of the economy right now. While with tongue in cheek I say its stupid to sell out your future. If inflation continues to keep hold on houses, trucks (I can believe i said that but the prices are retarded) and land, lumber, there will be people that make good money by taking that 401k money and buying something with it.
One doesnt even need to worry about regulated stuff like ammo, lowers, etc. Just look at normal household items like lumber......
For instance, I built a small building this year for someone. At the start of it in May 2X4 lumber was 3.50 as stud, plywood, 16 a sheet, etc. Now....its doubled. 7 dollars a stud, 32 a sheet. AND...these items haven't been hard to get like pressure treated or something. I could have bought as much 2X stock as I wanted, there was no shortage.........Every 2X stud would have doubled in price in 3 months. Crazy.
Two things. I should have bought as much lumber in May as I could have fit in both bays of my garage, and I would have made 20 grand just letting it sit for 3 months.
And, if those prices hold, older houses will HAVE to go up in price, because newer house prices materials just doubled, So if you look at it that way taking a bunch of money out to buy things on speculation can make you money if your smart...
But, in a lot of cases, there are idiots that will burn it like wildfire too on something that depreciates like mad. Then try to get bailed out when they can't pay their mortgage anymore. This inflation could be a very short lived thing when people start to have to pay their bills in January.