“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.
My mother cashed hers out nbot because of a fear of government getting it but because she saw how fast it was eroding in the stock market.
The “experts” said the same thing they’re saying now. If she had listened, she might have a quarter of what she had when she cashed out.
“I am 59 1/2 in 10 short months and believe me I will cash out as soon as it happens.”
I’m with you. I have 7 months to go, hoping the rules won’t change. I’m a little concerned about the rules changing because when companies stop matching contributions on these things, there is no reason to stay in. I have some concern on stable value funds not being marked to market. Too many withdrawls may be a problem for them.