[TexasNative2000]

Liquidate your 401k's and take the hit.

It takes your funds out of a declining market and prevents the socialization of your PRIVATE retirement by Congressional Democrats.

[Fishrrman]

“Liquidate your 401k’s and take the hit.
It takes your funds out of a declining market and prevents the socialization of your PRIVATE retirement by Congressional Democrats”

How much can one _take out of_ their 401k account?
Is there a limit, percentage wise?
Or is it possible to cash the whole thing out, 100% (if you’re willing to absorb the penalties and taxes up front)?

I’ve got IRA’s created from _before_ the time of 401k’s. I’ve heard that any plan to seize 401k money would probably include IRA accounts as well...

- John

[3catsanadog]

If I do liquidate it, what do I do with it then?

I'm serious. I contribute to my company's plan.

[Snappy1MarineMom]

Any word on when they are trying to push that 401k b.s. through? We are ready to liquidate our company’s 401k/profit sharing plan.