[IYAS9YAS]

Question to anyone who knows better about these things: I have a 401k. It is currently down by half, and not looking good. I finally parked (way too late, stupid on my part) what remains in the safest havens in the plan, but even those are not 100% safe. Given that we are really going into some scary times, would I be better off leaving it alone, or should I take what I can out of it, pay the tax and the 10% penalty, lick my wounds and use it to buy the things I think we're really going to need (guns/ammo/canning supplies/etc...).

I don't want to sound panicked, but I am deeply concerned. I have a family of four (five if you count the arthritic Yellow Lab) depending on me as the sole bread-winner and am scared to death that things are more likely to go kaput than turn around.

[LadyBuzz]

Thankfully we have a protected private pension and have moved all our Thrift Saving Plan contribution $ into the very safe? G fund.................

We are 5 years until retirement (?) and frightened....

I wish I could blame my anxiety on hormones but I don’t think I have any left.... the ultimate cure for PMS..

sorry for babbling........

[silverleaf]

I just moved to transfer and park what is left of our IRA in a trusted credit union IRA share account at.5% interest

I don't have 5-10-20 years to recover from what obama and his handlers are doing to America

If I had listened to Karl Denninger instead of Dave Ramsey just since January it would have saved me $20K

If and when I ever again believe in America (such as if and when obama is ever removed from office by ballot or otherwise) then I'll reinvest in her. But not now.

From today my only wealth building strategy is debt reduction/elimination and cash accumulation as quickly as possible. If inflation comes I'll deal with it. Tomorrow is another day.

[Nathan Zachary]

As long as they are in safe bond markets ( such as municipal bonds) it should be safe. Only thing is they are paying very low interest now.
When the markets straighten out, then I’d take them out and put them all in stocks. The market will come back some day, and when it does, there will be a lot of money to be made.
It just might take a few years before that happens. Most likely when Obama and the rest of those RATS are run out on a rail.