Fiscal Cliff.. - SUBSIM Radio Room Forums

12-23-12, 03:09 PM

#10

AVGWarhawk

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Join Date: Jun 2005

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Quote:

Originally Posted by mookiemookie

I still moved my entire 401k to cash for now, just in case.

Why do that? Taxes on capital gains, dividends and estates are going to skyrocket. Hence the sell off of stocks now for reduced taxes. What 401k program do you have that allows you to liquidate to cash, hide it and reinvest later without penalty? Did you initiate a loan on it?

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