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To: 4Speed
"Before Pelosi and Congress can “ACT” on this Americans who see it coming can withdraw the 401K dollars at the 10% penalty rate."

You might want to look up your current balance and then consult the Tax Tables before you do that.

24 posted on 11/10/2008 12:56:15 PM PST by LZ_Bayonet (There's Always Something.............And there's always something worse!)
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To: LZ_Bayonet

Well, it would e knee jerk reaction to grab you 401K Money and run . . .but If You are Over 59. . .no Penalty. . . but fear of the Unknown tax of the Future, . fear of losing you Job . . might prompt some knee jerks.


27 posted on 11/10/2008 1:03:44 PM PST by 4Speed
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