[Patriot Babe]

I feel our 401K will be threatened in the near future as our economy is on a verge of collaspe

[ProtectOurFreedom]

Our 401K accounts will simply evaporate with four years of 20% inflation rates. It’s the Grand Plan to eviscerate evil successful people who have had the temerity to save for themselves and be independent of the government. The money is being stolen from us right before our very eyes — Trillion dollar annual deficits give the money to Obama’s people and the resulting accumulated debt leads to hyperinflation that steals the money from us.

How to protect ourselves financially? Gold? Real Estate? Solar stocks?

[ProudFossil]

I feel our 401K will be threatened in the near future as our economy is on a verge of collaspe

I have a question about the 401K. We are of the age where we must withdraw a certain amount every year. I am wondering if we should withdraw more than the minimum, especially this year, because there is a real possibility that taxes will go up starting next year. Any advice out there? Thank you.

[Cletus.D.Yokel]

I’ve been predicting that since ObamaCare passed. That is just too much “cash” doing nothing.

Look for the entire amount to be seized and converted to some type of government bond scheme as a “prop for SSA”. Pre-tax contributions and deductions -for anything- will go away, also.

I’ll be watching closely and end my contributions before the legislation in eneacted. It could possibly come as an add-on to ObamaCare; a stealth maneuver.

[chrisser]

I feel our 401K will be threatened in the near future as our economy is on a verge of collaspe

I'm 45. We have some medical debt, and I'm tempted to liquidate the 401(k) even with the penalty and heavy taxes. Given there's an ever stronger chance that it will be seized anyway, or the rate of return will be abysmal, we'd be in a lot better position without the debt.

And it's looking increasingly like "retirement", for me, is just another word for dying, anyhow.

[MrB]

Check your 401k.
Some have changed over such that
A) you can’t get anything out while you work for your present employer
B) there is no “cash equivalent” option available
C) the “safest” account in your available portfolio is a government bond or treasury bill

If you follow this, it is a de facto confiscation of your 401k.

[Brooklyn Attitude]

“I feel our 401K will be threatened in the near future as our economy is on a verge of collaspe”

Every once in a while there are rumblings of government confiscating the money in private 401K and retirement accounts in exchange for a “guaranteed” distribution from the govt. Such trial balloons get shot down fairly quickly but I believe in time of crisis they will do it.