401K .. this is what keeps me up at night.

Discussion in 'Financial Cents' started by VisuTrac, Apr 7, 2014.


  1. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++


     
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  2. stg58

    stg58 Monkey+++ Site Supporter+ Founding Member

    I have the same fear. I will pull what I can when I don't have to pay the 10% penalty and salt it it away in metals and some cash.

    It will be called the "Affordable Retirement Act"
     
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  3. William Antrum

    William Antrum GunMetal Monkey

    remember to give unto ceasar what is caesar's, they can have all of my crap they can get in the back of one of them there 6 wheeled military transports they can handle... let em have it can find or make more later with little or no tools any way.... one thing they can't take ,have, or wash is my mind ...
     
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  4. Mountainman

    Mountainman Großes Mitglied Site Supporter+++

    No dog in this fight. Have everything invested in REAL items that have value.
     
  5. ozarkgoatman

    ozarkgoatman Resident goat herder

    Same here I have never trusted 401k plans .
     
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  6. ReadyYankee

    ReadyYankee Monkey

    I have never trusted brokers and any one analysis. I have always managed my own finances, including my own stock portfolio, since college. And my research is my own and drawing from many resources.
     
  7. BTPost

    BTPost Old Fart Snow Monkey Moderator

    I use my Company 401K Plan (which they NOW match, on a 50% basis) as a Savings Account. I am over 59 1/2 years old, so there is NO Penalty for any withdrawal, for Me. Also I am in a very LOW Tax Bracket. (Less than 3%) So, every Year I pull out 75% of the accumulated Balanace, and buy Canadian Gold MapleLeafs. If Uncle Sugar wants to take what is left, and give Me USG Bonds, FINE, I will just take them, and hold them, as there will not be much money in there, in the first place. It just is NOT a significant portion of my worth. ...... YMMV.....
     
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  8. stg58

    stg58 Monkey+++ Site Supporter+ Founding Member


    This my program also, They match 75% up to 20% of my income. I will take $0.75 for every $1 I put in and I will be 59.5 very soon :) :(

    I also have a company funded pension that scares the crap out of me thinking that they will mess with that.
     
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