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To: wideawake
During the time when Enron stock fell from $85 to $15 they were fully able to pull out.

Show proof or admit that you're just making it up. Typical 401k plans at that time didn't allow pull outs or transfers while still employed.

58 posted on 10/23/2006 1:50:47 PM PDT by shuckmaster (An oak tree is an acorns way of making more acorns)
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To: shuckmaster
Show proof or admit that you're just making it up.

Federal law provides people with the ability to roll their 401(k) investments from one strategy to another.

Typical 401k plans at that time didn't allow pull outs or transfers while still employed

False. 401(k) rules allow you to transfer assets except for unvested matching shares - which are gravy and should never be the cornerstone of anyone's retirement strategy.

Enron employees, like anyone else, could have rolled their vested shares into a number of diversified mutual funds at any time.

The window closed when Enron opted to change administrators - a move that freezes assets for 60 days to allow the new administrator to audit the plan and adjust its books.

66 posted on 10/23/2006 1:59:00 PM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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