Posted on 11/10/2010 6:46:41 AM PST by CaptainKip
But the here and now is being threatened by the ChiComs. The 401k will be next to worthless when the dollar loses 80-90% of its value. Better to cash it out, take what you can and convert it to gold until the dollar rebounds or is replaced with another currency. Iif that is something one can afford to do and the new tangible assets can be left alone and untouched. Then it is still money for the future.
Instead of armageddon, I'd use terms like financial collapse, a devalued worthless dollar or confiscation. But, you base that on what?
See #’s 15 and 25. But also see #27. Hard to decide. Until the creeps in Congress move to nationalize the 401k’s. Then the decision is easy.
And there in lies my dilemma. Close to 30 years of saving and very limited options as to what it can be invested in as long as I continue working for current employer. No options to really invest in anything that could be considered reasonably safe should we have another financial crisis or market collapse, and don't feel I can retire now to get my hands on it thinking I may be the only one in the extended family that will be able to keep a job and paycheck should the economy really go into the tank.
Feels good doesn’t it!
I left out the ‘quit your job’ part.
Damn Right! I’m in control now! Freedom!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.