elkston
(1000+ posts)
Send PM |
Profile |
Ignore
|
Mon Oct-13-08 11:46 AM
Response to Original message |
| 20. This is an AWESOME idea. How many sat by and left their 401Ks alone because |
|
they didn't want to take the withdrawl penalty?
...and setting an upper bound of $10,000 and limiting the waiver's duration to 1 year demonstrates that the proposal is a temporary boost, not a seismic shift.
|
| -Obama to propose penalty-free IRA and 401(k) withdrawals |
sabra |
Oct-13-08 11:20 AM |
#0 |
 -
K & R! |
Hope And Change |
Oct-13-08 11:21 AM |
#1 |
| -
That makes sense. nt |
Kristi1696 |
Oct-13-08 11:23 AM |
#2 |
| -
might that cause several funds to flop? |
NightWatcher |
Oct-13-08 11:24 AM |
#3 |
 -
Doesn't it depend if it's a LOAN versus a permanent withdrawal? nt |
writes3000 |
Oct-13-08 11:26 AM |
#7 |
| -
You make good point |
ellacott |
Oct-13-08 11:27 AM |
#8 |
 -
people have already used their homes as ATM's and taken everything out |
NightWatcher |
Oct-13-08 11:29 AM |
#13 |
| -
We are of inning one of this crisis |
Jake3463 |
Oct-13-08 11:33 AM |
#19 |
| -
10,000 won't kill the funds |
Jake3463 |
Oct-13-08 11:29 AM |
#11 |
| -
Wow |
ellacott |
Oct-13-08 11:25 AM |
#4 |
| -
Loans |
MtUpWithWngsAsEgles |
Oct-13-08 11:27 AM |
#9 |
| -
Yes, I've thought about that also. |
ellacott |
Oct-13-08 11:51 AM |
#22 |
| -
Loans are subject to you're employer's rules... |
FloriTexan |
Oct-13-08 11:58 AM |
#30 |
| -
Oh my, I'm sorry that happend to you |
ellacott |
Oct-13-08 12:33 PM |
#39 |
| -
Wow |
MtUpWithWngsAsEgles |
Oct-13-08 12:50 PM |
#42 |
| -
What sucks even worse... |
FloriTexan |
Oct-13-08 12:58 PM |
#44 |
| -
That is so unfair |
ellacott |
Oct-13-08 01:44 PM |
#47 |
| -
Don't |
nichomachus |
Oct-13-08 11:54 AM |
#26 |
| -
deleted |
MtUpWithWngsAsEgles |
Oct-13-08 12:51 PM |
#43 |
| -
Yes!!! If I understand it, it means most average Americans will understand it!! |
writes3000 |
Oct-13-08 11:25 AM |
#5 |
| -
that could cause a run on the funds, which will spike the Dow downward |
davepc |
Oct-13-08 11:26 AM |
#6 |
| -
They already are having that |
Jake3463 |
Oct-13-08 11:30 AM |
#15 |
| -
Not with a limit of $10,000 - not even close. |
Rabrrrrrr |
Oct-13-08 11:31 AM |
#17 |
| -
He should NEVER say that McCain has a "good idea"! |
Democat |
Oct-13-08 11:28 AM |
#10 |
| -
This is a horrible idea.... |
tyne |
Oct-13-08 11:29 AM |
#12 |
| -
taking money out of baseball cards |
Jake3463 |
Oct-13-08 11:31 AM |
#16 |
| -
If someone has a foreclosure isnt this far more devastating than having your 401k drop by 10K? |
bushmeat |
Oct-13-08 11:52 AM |
#23 |
| -
Only if the $10,000 will stave off foreclosure permanently |
nichomachus |
Oct-13-08 11:56 AM |
#29 |
| -
That's why they need to work with the banks and use this as a "bargaining chip" |
TornadoTN |
Oct-13-08 12:03 PM |
#36 |
| -
BINGO! |
bushmeat |
Oct-13-08 12:12 PM |
#37 |
| -
Further, this would be a grand-slam for the people for bailing out the banks |
TornadoTN |
Oct-13-08 12:33 PM |
#40 |
| -
This is good. |
lumberjack_jeff |
Oct-13-08 11:30 AM |
#14 |
| -
I am with you! It makes sense to me to help our middle class right now for a short time period. |
1776Forever |
Oct-13-08 11:32 AM |
#18 |
| -
This is an AWESOME idea. How many sat by and left their 401Ks alone because |
elkston |
Oct-13-08 11:46 AM |
#20 |
| -
Honestly folks .. This is either a romour or a BAD BAD idea |
TheCoxwain |
Oct-13-08 11:51 AM |
#21 |
| -
It's part of his rescue plan |
ellacott |
Oct-13-08 11:52 AM |
#24 |
| -
The limit is $10,000 and those that REALLY have no other choice ... |
elkston |
Oct-13-08 11:54 AM |
#25 |
| -
it will allow people to help themselves |
creature of habit |
Oct-13-08 11:55 AM |
#27 |
| -
I agree - but we need some kind of protections built in to keep this from being used improperly |
TornadoTN |
Oct-13-08 12:00 PM |
#32 |
| -
That's the thing, people are going to be raiding their 401ks, |
thecatburgler |
Oct-13-08 12:01 PM |
#33 |
| -
You're right. I don't think people will take the money out to "shop." |
LonelyLRLiberal |
Oct-13-08 01:52 PM |
#48 |
| -
I'm a bit startled by this as well - I think there are better options on this same idea |
TornadoTN |
Oct-13-08 11:56 AM |
#28 |
| -
We need people to be making enough money to save. |
thecatburgler |
Oct-13-08 11:59 AM |
#31 |
| -
But we should remember that consumer spending is a huge part of this economy, |
stevietheman |
Oct-13-08 12:34 PM |
#41 |
| -
Yes, it pays a huge part of this economy - but I don't believe the 10k should be used for spending |
TornadoTN |
Oct-13-08 01:30 PM |
#46 |
| -
People are losing their jobs, their INCOME |
sandnsea |
Oct-13-08 01:02 PM |
#45 |
| -
It's about time. |
Sentinel Chicken |
Oct-13-08 12:02 PM |
#34 |
| -
WOW |
npincus |
Oct-13-08 12:03 PM |
#35 |
| -
I'm certainly no expert nor an economist, |
Missouri Girl |
Oct-13-08 12:31 PM |
#38 |
| -
Wow, did the market rocket up after this Obama speech? |
Democat |
Oct-13-08 04:05 PM |
#49 |
Printer-friendly format
Email this thread to a friend
Bookmark this thread