“Your 401k or IRA has near-absolute protection in a personal bankruptcy. “
Pfffft. Your 401k has little protection from Democrats looking for money to spend.
If I were to lose my job, and it was a choice between keeping the 401k or keeping the house, I’m cashing in the 401k to pay off my house.
I expect at some time in the not too distant future, Washington will take some or all of my 401k. After all, it’s not fair that I have money in a 401k and some low life from a protected group doesn’t.
Spred yo welf.
How do you keep your paid-off house if you have no income ? What do you use to pay property taxes and keep the lights and heat on and food on the table ?
“Your 401k has little protection from Democrats looking for money to spend.”
The article is obviously written by self-serving people in the financial services industry who are witnessing a run on the monies they control by people opting to cash out now.
The run will turn into a first-rate panic once the American public realizes the liberals are after the 401ks and IRAs to use for their spending programs.
I am 59 1/2 in 10 short months and believe me I will cash out as soon as it happens.