Thread: Fiscal Cliff..
View Single Post
Old 12-23-12, 05:56 PM   #1
AVGWarhawk
Lucky Jack
 
AVGWarhawk's Avatar
 
Join Date: Jun 2005
Location: In a 1954 Buick.
Posts: 28,293
Downloads: 90
Uploads: 0


Default

What choice is that? Personally I would like to know how 'moving' a 401K is accomplished without penalty? Move it where? Sell off shaky investments? One can not simply cash out without a substantial tax unless you are of retirement age. A tax of upwards of 30% for early widthdrawl. So really, where is the 401K moved? Why aren't thousands doing it? Why aren't investment advisors doing this automatically for their investors?
__________________
“You're painfully alive in a drugged and dying culture.”
― Richard Yates, Revolutionary Road
AVGWarhawk is offline   Reply With Quote