Thursday, August 19, 2010

Editorial /Rant 401K's

Lots of money parked in the 401k's.

It was a tax haven of sorts.

Now record numbers of 35 to 55 Year olds are taking hardship withdrawals.  

Are they taxed (don't know).   If not it might be a great time to find the excuse to take these withdrawals.

This is big stuff, really big.   Soon 401K holders/contributer may be forced to buy T-bills (after Big Ben is done talking them down).

1 comment:

  1. Wow. That is f'ed up.

    Wouldn't forcing them to buy T-bills tie up that money though? What if they needed it to pay rent and buy groceries?


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