I’ll yank mine down (WITH a penalty) before I sit still for THAT!!
They would undoubtedly stiffen the penalty from they current 10%
I think part of the plan is to frighten people into doing just that. They want as much money right now as they can possibly get.
They’ll probably hit you with a RETROACTIVE PENALTY / TAX for daring to evade their greedy claws.....................
I’ll yank mine down (WITH a penalty) before I sit still for THAT!!
Husband and I have transferred to a Roth IRA. We paid the tax penalty and will never pay taxes on that again!
I advise you to take it now- because once he does this- yours will be gone.
Take it out- pay the penalties & taxes and put it into a safe. Forget about piccling interest at the bank or credit union which you have to pay taxes on again.
They can trace the funds if you put it somewhere else—and then seize it anyway.
Take it & hide it.
Same here. I’ll gladly eat the penalty to keep it from being S-T-O-L-E-N to pay for someone else’s health care.
I advise you to take it now- because once he does this- yours will be gone.
Take it out- pay the penalties & taxes and put it into a safe. Forget about piddling interest at the bank or credit union which you have to pay taxes on again.
They can trace the funds if you put it somewhere else—and then seize it anyway.
Take it & hide it.
I will do the same. Screw them. If they touch our 401k’s all bets are off. When is enough, enough?