“Wouldn’t I take a major hit cashing out my 401k?”
Depending on your tax bracket, you would lose about half of it. (38% tax and 10% penalty - plus sales commissions)
“I am lost. And I trust Ann.”
If the end of the world is next week, her advice is sound.
Keep your money where it is.
Like the GM bondholders?
Who were first-in-line, until Ubama decided they weren't, and their money belonged to the UAW?
Too late. I already yanked. I gambled $1 million dollars. If I lose, then all you folks win. If I win, (and I pray that I don't) then...
FMCDH(BITS)
FReegards