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To: Matchett-PI
just wait until The Chairman ... confiscates your 401k

Paid the taxes and spent it already, including on a brand new Suburban.

I know it was stupid, but it seemed the best of a menu of bad choices.

I think the confiscation of private retirement savings is a certainty, and I do not believe that the restoration of legal and constitutional government will come in time to prevent it.

30 posted on 05/21/2009 4:25:01 AM PDT by Jim Noble (They are willing to kill for socialism...but not to die for it.)
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To: Jim Noble
I think the confiscation of private retirement savings is a certainty, and I do not believe that the restoration of legal and constitutional government will come in time to prevent it.

I have read the proposal from last Fall. Do you have any further info? I am debating whether to liquidate mine and keep the money or let it go for a awhile.

Last Summer I put all of it into the "Stable Market" fund and have actually made about 2 percent. I am out of work and could really use the money. I don't want to lose the extra ten percent to taxes but I feel it's a wash since I didn't lose any money in the crash.

53 posted on 05/21/2009 4:36:01 AM PDT by raybbr (It's going to get a lot worse now that the anchor babies are voting!)
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To: Jim Noble

How does one cash in thier 401k? I think the time has come to do that do.


193 posted on 05/21/2009 9:06:42 AM PDT by jpsb
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