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Topic: 401k
johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 06:32 PM
so who is thinking of pulling out of their 401k with even the talk of them touching it?i know of some that did it. first ss now this

shoesmonkey Joined Sat 01/19/08 Posts: 7088	Thu 09/25/08 06:34 PM
When I qualified, I stopped it after 2 week's.

briancarr Joined Mon 12/17/07 Posts: 3310	Thu 09/25/08 06:34 PM
so who is thinking of pulling out of their 401k with even the talk of them touching it?i know of some that did it. first ss now this The only thing about that type of panic, is you give the government 40%. I went from 15%, down to 7%, and if this deal flops, i wont contribute at all.

t22learner Joined Mon 07/02/07 Posts: 1774	Thu 09/25/08 06:35 PM
Pulled out 4 months ago. Bought back today. Hope I didn't blow it.

shoesmonkey Joined Sat 01/19/08 Posts: 7088	Thu 09/25/08 06:36 PM
My comp. just loose's money.

Moondark Joined Tue 11/27/07 Posts: 5866	Thu 09/25/08 06:38 PM
It wasn't a 401K, but it dropped for 4 quarters straight, and I don't work at the job where I could put money in anymore. So I cashed it out before I lost any more. Wish I had a quarter earlier. Would have had a lot more.

RKISIT Joined Tue 01/08/08 Posts: 16721	Thu 09/25/08 06:38 PM Edited by RKISIT on Thu 09/25/08 06:41 PM


RKISIT Joined Tue 01/08/08 Posts: 16721	Thu 09/25/08 06:41 PM
401k's is risky, now that the economy is bad ,people want to cash in, unless you know your company is going bankrupt just try to stick with it.or invest it in deversified stock

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 06:42 PM
My comp. just loose's money. i always loose money with the co.but wen i role it over i win.i have money in 401 i can touch and other i cant.i am thinking of pulling out all i can

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 06:45 PM
401k's is risky, now that the economy is bad ,people want to cash in, unless you know your company is going bankrupt just try to stick with it.or invest it in deversified stock the co i work for is going to go belly up .the money i want to pull is in other stock from another co

RKISIT Joined Tue 01/08/08 Posts: 16721	Thu 09/25/08 06:49 PM
401k's is risky, now that the economy is bad ,people want to cash in, unless you know your company is going bankrupt just try to stick with it.or invest it in deversified stock the co i work for is going to go belly up .the money i want to pull is in other stock from another co well then pull it cause they can take it with them and you'll be screwed ,you'll spend more money trying to get it,thats why ,co. take it, so get your 401k

longhairbiker Joined Tue 09/04/07 Posts: 26589	Thu 09/25/08 06:56 PM
I completely cashed out my fully vested 401 6 weeks before 9/11 after I caught my boss hiding money in my name in another retirement account. He didn't like the federal agents at his door very much- the crook.

RKISIT Joined Tue 01/08/08 Posts: 16721	Thu 09/25/08 06:57 PM
I completely cashed out my fully vested 401 6 weeks before 9/11 after I caught my boss hiding money in my name in another retirement account. He didn't like the federal agents at his door very much- the crook. wow thats why those 401k can benefit the business owner,at least he got popped

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 06:58 PM
401k's is risky, now that the economy is bad ,people want to cash in, unless you know your company is going bankrupt just try to stick with it.or invest it in deversified stock the co i work for is going to go belly up .the money i want to pull is in other stock from another co well then pull it cause they can take it with them and you'll be screwed ,you'll spend more money trying to get it,thats why ,co. take it, so get your 401k here we were to believe that 401k was safe.i put lots of money in it for 7 years and when that co fired me i put in stock market.then i started this new co that matches 6% on the $ And 50 cents per hour.now the co is going to go down. so it looks like i will cash in on what i can.we work and save for what .every way we try they get us

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 06:59 PM
I completely cashed out my fully vested 401 6 weeks before 9/11 after I caught my boss hiding money in my name in another retirement account. He didn't like the federal agents at his door very much- the crook. that is way cool

longhairbiker Joined Tue 09/04/07 Posts: 26589	Thu 09/25/08 07:00 PM
I reinvested into tangible items and numismatics. They have matured and now I'm ready to sell some of them to raise cash liquidity before the dollar dips any lower and I intend to pay off debt. And maybe buy some beer.

johncarl Joined Mon 11/26/07 Posts: 5074	Thu 09/25/08 07:02 PM
I reinvested into tangible items and numismatics. They have matured and now I'm ready to sell some of them to raise cash liquidity before the dollar dips any lower and I intend to pay off debt. And maybe buy some beer. that sounds like a good thing.have one on me

RKISIT Joined Tue 01/08/08 Posts: 16721	Thu 09/25/08 07:03 PM
401k's is risky, now that the economy is bad ,people want to cash in, unless you know your company is going bankrupt just try to stick with it.or invest it in deversified stock the co i work for is going to go belly up .the money i want to pull is in other stock from another co well then pull it cause they can take it with them and you'll be screwed ,you'll spend more money trying to get it,thats why ,co. take it, so get your 401k here we were to believe that 401k was safe.i put lots of money in it for 7 years and when that co fired me i put in stock market.then i started this new co that matches 6% on the $ And 50 cents per hour.now the co is going to go down. so it looks like i will cash in on what i can.we work and save for what .every way we try they get us very true, it sucks when capitalism screws with your money

longhairbiker Joined Tue 09/04/07 Posts: 26589	Thu 09/25/08 07:06 PM
Suggestions for tangible investments? Silver. National bank notes. Double E bonds. Antiques. 1970 hemicuda. 1958 gibson les pauls.

Lily0923 Joined Sun 12/02/07 Posts: 20429	Thu 09/25/08 07:09 PM
Right now your best investment is IRAs at least that's what my guy tells me....