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Thread: Are 401K's safe?

  1. #61
    Quote Originally Posted by Lmata View Post
    The biggest problem w/ 401K is you can't get to your money if you need or want to - even with the penalty. Back in '07 I saw the crash coming and wanted to take out 1/2 of our money. Well, the only way we could get it was to leave the job, major medical, or be in foreclosure. None of them applied so the best I could do was move around some of the money. Very frustrating when you aren't allowed to take out your own money. We still put a bit in but just enough to get the employer match.
    I had similar problem. Back in 2006 I knew the US was in trouble from all the debt (seems like nothing now - about 7 trillion!). All I had was a few crappy mutual funds in my 401K so I moved most of my money to the international mutual fund. I got hammered pretty good in the crash because the dollar went up.

    Anyway after the crash I did some investigating and found that my 401K has a program you can sign up for that allows you to invest in anything you want. I don't think all 401K programs offer this but it's worth checking out. It's great to be able to buy almost whatever I want. Now I own individual stocks, mostly international and a couple of ETFs (oil and gold).



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  3. #62
    Quote Originally Posted by Madison320 View Post
    What do you think the chances are that 401Ks (or any retirement account) gets raided when the dollar starts to crash? I think it's a numbers game. A lot of voters with retirement accounts would get seriously pissed off. On the other hand an even greater number of voters will have their government handouts reduced if we don't raid retirement accounts.
    Stupid question. Nothing is safe. Here, "nothing" means precisely that.
    Through lives and lives shalt thou pay, O' king.

    Freedom will be stolen from you in a heartbeat if you do not behave as a wild and ravening beast pursuant to its protection.

    "Government" is naught but a mental construct, a script to which people meekly accept and play out their assigned roles by those with no authority to dictate such.

    Pray for reset.


  4. #63
    Quote Originally Posted by pcosmar View Post
    Define "safe" .
    You must spread some Reputation around before giving it to pcosmar again.
    Through lives and lives shalt thou pay, O' king.

    Freedom will be stolen from you in a heartbeat if you do not behave as a wild and ravening beast pursuant to its protection.

    "Government" is naught but a mental construct, a script to which people meekly accept and play out their assigned roles by those with no authority to dictate such.

    Pray for reset.


  5. #64
    Quote Originally Posted by angelatc View Post
    Once [liberals] get an idea, it's only a matter of time until they succeed in implementing it.
    Every time.
    Through lives and lives shalt thou pay, O' king.

    Freedom will be stolen from you in a heartbeat if you do not behave as a wild and ravening beast pursuant to its protection.

    "Government" is naught but a mental construct, a script to which people meekly accept and play out their assigned roles by those with no authority to dictate such.

    Pray for reset.




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  7. #65
    I'm happy with mine so far this year. It's up about 7% so far. I'm 66.10% in equities (between europacific growth, large cap value, mid cap value and small cap value), 11.47% bond/fixed income and 22.43% stable value. This way I have a bit across all market capitalization ranges, some exposure to the europe and asia, a little bit of fixed income and some emergency cash in case the market crashes and i can buy some stuff on sale.
    "Your mother's dead, before long I'll be dead, and you...and your brother and your sister and all of her children, all of us dead, all of us..rotting in the ground. It's the family name that lives on. It's all that lives on. Not your personal glory, not your honor, but family." - Tywin Lannister


  8. #66
    Which, Games in Vegas (or any casinos) are "safe" .? Which slots are safe?

    Of course some win a little,,it keeps the "rubes" playing..

    The game is rigged,,and when the house folds,, it is game over. Everything on the table is gone.

    Safe?
    Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.
    Ron Paul 2004

    Registered Ron Paul supporter # 2202
    It's all about Freedom

  9. #67
    Quote Originally Posted by pcosmar View Post
    Which, Games in Vegas (or any casinos) are "safe" .? Which slots are safe?

    Of course some win a little,,it keeps the "rubes" playing..

    The game is rigged,,and when the house folds,, it is game over. Everything on the table is gone.

    Safe?
    That's why I don't bet at the New York Stock casino.

  10. #68
    Quote Originally Posted by Madison320 View Post
    I had similar problem. Back in 2006 I knew the US was in trouble from all the debt (seems like nothing now - about 7 trillion!). All I had was a few crappy mutual funds in my 401K so I moved most of my money to the international mutual fund. I got hammered pretty good in the crash because the dollar went up.

    Anyway after the crash I did some investigating and found that my 401K has a program you can sign up for that allows you to invest in anything you want. I don't think all 401K programs offer this but it's worth checking out. It's great to be able to buy almost whatever I want. Now I own individual stocks, mostly international and a couple of ETFs (oil and gold).

    That's good to know Madison. I'll have to ask about that with ours. I did move a lot to fixed funds but there wasn't much to choose from.
    As far as taking out a loan - I didn't want the huge pay back each month. Why add another payment to the budget when you think the economy is going to tank? Didn't make sense to us as we like to be debt free - even free from being forced to take large payroll deductions to payback 401K loans. I can see how a loan would work if it's a small amount but when you've got a lot in there it's not feasible to pay it all back easily.

  11. #69
    401K', IRA's etc will ALL be seized by the US Govt at some point. Either an outright seizure OR they'll force investments in US Treasuries to keep interest rates low so the politicians can borrow more, spend more and get re elected more.

    All the madness about seizing this and seizing that WILL come to pass.

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