[saganite]

Wonder how long before this trickles down to 401K’s and IRA’s? I swear, I have been considering closing out my 401 and IRA and taking the tax and penalty hit just to have the cash in hand.

[Centurion2000]

Wonder how long before this trickles down to 401K’s and IRA’s? I swear, I have been considering closing out my 401 and IRA and taking the tax and penalty hit just to have the cash in hand.

Dunno if I'd do that ... converting it to cash holdings for a while? Heck yeah.

[AndyJackson]

You know. You could just move the funds to treasuries and not have to take the tax and penalty hits.

[Toddsterpatriot]

I swear, I have been considering closing out my 401 and IRA and taking the tax and penalty hit just to have the cash in hand.

Yeah, selling low and paying 10% (penalty) plus taxes (15% or more) to Uncle Sam sounds like a great idea.

You could take a cash advance on your credit card (3% fee plus 20%? annual interest) if you wanted cash in hand. Why do you want cash in hand?

[freespirited]

Why not just move the money into FDIC insured assets and keep uncle sam’s mitts off of it?

I buy CDs through my brokerage account at Fidelity. You put in an order just like you buy a stock. No hassle.