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To: CottonBall

I’ll check out the rollover thing. I’m afraid that money
anywhere may be “up for grabs”. I’m still working but
with the announced cuts in defense, maybe not for long.


525 posted on 11/06/2008 11:36:06 AM PST by jusduat (thinking about new tagline)
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To: jusduat

My husband might be unemployed, too.


535 posted on 11/06/2008 11:38:23 AM PST by Just Lori (Liberalism ---->Socialism----->Communism------>BONDAGE!!!!)
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To: jusduat
I’ll check out the rollover thing. I’m afraid that money anywhere may be “up for grabs”. I’m still working but with the announced cuts in defense, maybe not for long.

You have to quit a job first in order to roll the 401K money over - so I hope you do not need to do that! If they start in with the confiscation of prior earnings, not just taxing present earnings, then as you say - all money will be up for grabs. There are a few things about rollovers that 'might' make them safer than 401Ks - such as being able to buy annuities in them and the ease of moving that money around as often as one wants. A moving target is harder to catch!
603 posted on 11/06/2008 12:20:39 PM PST by CottonBall
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