When do you think this will happen?
With amnesty, cap and trade on the agenda for this year, do you think it will be 2010? 2011? or after 2012?
I have wanted to move the 401K, but my husband has been working for the same company since college. In fact, we have been told we can’t touch it at all. And hubby is uncomfortable with the loan idea. I would very much like to try to protect it.
It is hard to say when, if ever, it will happen.
Hopefully it will never happen, but as we know, with Obummer all (dumb) things are possible.
They have been itching to do it for years. The deficit is just the excuse they need in order to justify it.
It will probably be one of those things that they tuck inside a much bigger bill... like they did with the student loan industry takeover stuffed inside the health care bill.
All I can say is talk to a professional about it. If that professional is not aware that this has been proposed and is being given serious consideration, then they need to bring themselves up to speed on it very quickly.
Good for you that you have savings! I wish you the best in being able to protect and preserve it. :)