To: 444Flyer
The day they do that will be the I cash in. Penalties be damned.
3 posted on
03/23/2010 4:08:04 PM PDT by
catfish1957
(Hey algore...You'll have to pry the steering wheel of my 317 HP V8 truck from my cold dead hands)
To: catfish1957
Anythings possible these days. Remember, Andy Stern’s now on Obama’s National Debt Commission.
10 posted on
03/23/2010 4:11:44 PM PDT by
444Flyer
(Obama's long war against America is in progress.)
To: catfish1957
The day they do that will be the I cash in. Penalties be damned. When it passes the House or the Senate, I'm cashing in all of my retirement accounts, without waiting for the bill to pass both chambers or to be signed. I will not participate in socialism. Also, I won't take the risk that the thugs will stop me from keeping my money.
14 posted on
03/23/2010 4:12:33 PM PDT by
Pollster1
(Natural born citizen of the USA, with the birth certificate to prove it)
To: catfish1957
If you wait, it will be too late.
We’ve already done so.
17 posted on
03/23/2010 4:14:11 PM PDT by
SatinDoll
(NO Foreign Nationals as our President!!)
To: catfish1957
It’ll be retroactive.
(rim shot)
39 posted on
03/23/2010 4:22:54 PM PDT by
savedbygrace
(You are only leading if people follow. Otherwise, you just wandered off.)
To: catfish1957
The day they do that will be the I cash in. Penalties be damned.I cashed in about 1/3 of mine last year to pay off the house. I smelled this idea coming along.
This is a second amendment issue as far as I'm concerned.
45 posted on
03/23/2010 4:25:45 PM PDT by
meyer
(It's time...)
To: catfish1957
Don't cash it in . . . you'll be subject to taxes and penalties on it. Depending on your income tax bracket, you may lose more than 50% of the value.
A better approach might be to take out a loan against the account (you can usually borrow up to 50% of the balance) . . . and then never pay the loan back. This would be even better if the value of those remaining assets decline over time -- since the balance on your loan may end up exceeding the balance in the account and make it impossible for anyone (the IRS or your 401k plan administrator) to recover what you owe.
53 posted on
03/23/2010 4:30:12 PM PDT by
Alberta's Child
("Let the Eastern bastards freeze in the dark.")
To: catfish1957
The day they do that will be the I cash in. Penalties be damned.
Amen to that, and the crashing markets will lead to panic as others sell out.
85 posted on
03/23/2010 5:08:37 PM PDT by
Atlas Sneezed
(Anything worth doing, is worth doing badly at first.)
To: catfish1957
Hubby want’s to retire in two years, maybe he should do it sooner. I wonder if they’ll try to touch Defined Contribution Funds?
What scums...I’m really getting sick over this crap.
102 posted on
03/23/2010 5:35:56 PM PDT by
alice_in_bubbaland
(Markets and Marxists Don't Mix! Audit the FED NOW!)
To: catfish1957
This was a discussion being had before the elections in ‘08. I cashed in 11/5
188 posted on
03/24/2010 2:03:28 PM PDT by
EBH
(There is a bell ringing. Is it for Freedom or a Death Knell?)
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