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  • http://www.whatisthepurposeofa401kplan.net/ 401k plan

    Please give me more information. I love it, Thanks again.

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  • http://www.becomingyourownbank.com/ Nick D

    “Mine lost about a third of its value, and I was in fairly stable, ordinarily solid investments. When you’re 20, losing a third isn’t a huge big deal.”
    I'm sorry but losing a 3rd of your 401ks value at any time is a huge hit! think about this: you lost the chance for that money that was yours to make any additional money in the future, you will never catch up for the loss of a 3rd of your 401ks value.

  • http://www.becomingyourownbank.com/ Nick D

    “Mine lost about a third of its value, and I was in fairly stable, ordinarily solid investments. When you’re 20, losing a third isn’t a huge big deal.”
    I'm sorry but losing a 3rd of your 401ks value at any time is a huge hit! think about this: you lost the chance for that money that was yours to make any additional money in the future, you will never catch up for the loss of a 3rd of your 401ks value.

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  • Noneofyourbusiness

    Gee, you may be wrong about reforms, buddy: in Feb and again in the last 2 months, the Treasurey Sec, Sec of Labor and Biden have all floated papers reporting on the planned annuatization of the 401ks. (From what I read, their plans may also effect IRAs, though they're still having trouble figuring out how to take the Roth IRAs since the taxes on these have been paid for up front.)

    In my humble opinion, if they annuitize the money, we'll never see the principle, never mind having the ability to access our own money.

    I called the Dept of Labor about 48 hours ago and had a very nice conversation with one of their attorneys who assured me that they are only in the fact finding phase, and one can only imagine what that means: if the gov't makes enough noise, they might frighten enough people into liquidating their accounts, skimming a 10% penalty from those under 591/2, not to mention the 20 to 37% tax chunk one would owe Uncle Sam for the year in which the accounts were cashed in. And right in time to pay for the Healthcare Bill…Ah, Politics!

  • http://www.drumsnwhistles.com/ Karoli

    which papers? any links? I accept all but links to Fox News or the Washington Times, because they just use their megaphone to float unrest. I haven't seen anything like this come out nor do I expect to in the near future.

    I do think patriotic Americans would invest in their country before anything else, but that's just me.

  • Barter

    Tom Harkin held Congressional hearings on the takeover just this past week. A lame duck congress could get the takeover through.

  • Joanne N

    Oh you poor saps. You wouldn’t even know what Obama was doing if it were not for Fox News. Obama is governing by doing an end run around Congress through his socialist Czars in the agencies. In October, 2010 government meetings discussed the takeover of 401k’s and ira’s again. Now it was right before the Republican election triumph but it probably won’t matter to Obama since he has no respect for the LAW anyway. He in fact just announced a sweeping review of HIS agencies with an eye to eliminating any rule that stands in the way of his plans for redistribution of wealth.The announcement is just in time for the Republican hearings on his socialist agenda and his breaking of the law or his making up law by regulation fiat in stead of regulations defining laws passed by congress. This went in fact the value of these accounts has come roaring back. You only had to hold onto your stocks and add to your holdings when the value of stocks were so low. Obama is fastly becoming a dictator in chief. Socialist ALWAYS DO.

  • http://www.drumsnwhistles.com/ Karoli

    LOL. When you have done your remedial reading and learned the meaning of the word socialism, come back and re-read what you wrote so you can properly edit it.

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