“News on the wires is layoffs are now mounting and the market is going down again today.”
Well, people are also going to start taking the penalties and pulling out their 401k’s if the rumor that Congress is going to control them continues to persist.
“start taking the penalties and pulling out their 401kÂ’s if the rumor that Congress is going to control them continues to persist”
This isn’t a rumor, congress had the person speak to the commitee concerning this issue. And they won’t be controling your 401 (k) they will transfer it to the gubment and pay you 3 percent interest per year.