You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #26: Obama's economic advisor explain the 401k withdrawal thing [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
endthewar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-15-08 10:11 AM
Response to Reply #5
26. Obama's economic advisor explain the 401k withdrawal thing
as something that was in essence already in the spirit of the law. The way he talked about it on TV essentially made it almost a non-issue. Also, I think that McCain has this in his plan as well. If that's what is needed to stave off a foreclosure, then so be it. 2% of Americans in foreclosure and the world economy is on the brink. We've got to keep people in their homes. :hi:
Printer Friendly | Permalink |  | Top
 
  - BARACK'S BRILLIANT PLAN --- Economic Rescue Package So On The Mark It Would Be A True Game Changer DogPoundPup  Oct-14-08 04:59 PM   #0 
  - As a former Republican, and being surrounded by Repubs,  Common Sense Party   Oct-14-08 05:06 PM   #1 
  - It's left up to the individual to decide!  DogPoundPup   Oct-14-08 05:13 PM   #3 
  - I understand that. But it's almost always a bad idea to w/d  Common Sense Party   Oct-14-08 05:18 PM   #5 
     - Obama's economic advisor explain the 401k withdrawal thing  endthewar   Oct-15-08 10:11 AM   #26 
  - If you need to w/draw from your 401k, there is probably a good reason  AchtungToddler   Oct-14-08 05:17 PM   #4 
  - Must respectfully disagree on the 401(k) issue...  damonm   Oct-14-08 05:30 PM   #7 
  - Must respectfully disagree with your respectful disagreement.  Common Sense Party   Oct-14-08 05:38 PM   #8 
     - Heard an Obama commentator say today withdrawals are  Samantha   Oct-14-08 06:16 PM   #12 
        - No a hardship withdrawal is different from a loan.  Common Sense Party   Oct-14-08 06:35 PM   #14 
           - Not my field of expertise, but a woman I work with got a hardship  Samantha   Oct-14-08 11:05 PM   #22 
              - It is my field of expertise. There is a difference between a loan  Common Sense Party   Oct-14-08 11:35 PM   #23 
                 - Okay, I get it ... use the right word at the right time - loan versus  Samantha   Oct-14-08 11:49 PM   #24 
  - Its only for the first $10K per year. (nt)  w4rma   Oct-14-08 06:19 PM   #13 
     - Understood. Still a bad idea in most cases. nt  Common Sense Party   Oct-14-08 06:35 PM   #15 
        - I don't see how that's bad. I'm allowed with my IRA to take out $8000  vaberella   Oct-14-08 08:18 PM   #21 
  - K & R !!!  RoadRage   Oct-14-08 05:09 PM   #2 
  - It's a start. And it does bring out the leader in him.  dkofos   Oct-14-08 05:28 PM   #6 
  - Good article. I would disagree with the "Snoozer" part--  chill_wind   Oct-14-08 05:50 PM   #9 
  - I'm assuming you know a lot more about the US economy  pokercat999   Oct-14-08 06:09 PM   #10 
  - K & R!  Hope And Change   Oct-14-08 06:14 PM   #11 
  - K&R --- Excellent article too !  Overseas   Oct-14-08 06:41 PM   #16 
  - Heh.  Versailles   Oct-14-08 06:47 PM   #17 
  - K & R!  FLDem5   Oct-14-08 06:59 PM   #18 
  - KISS - It works, it's explainable, it's hard to knock. K&R  cyberpj   Oct-14-08 08:03 PM   #19 
  - We were talking about this plan in another thread...Great idea. K*R.  vaberella   Oct-14-08 08:16 PM   #20 
  - In some 401K's the interest you pay for a loan  Psst_Im_Not_Here   Oct-15-08 10:04 AM   #25 
  - Another article from the same site on why Reaganomics created this disaster.  ieoeja   Oct-15-08 10:27 AM   #27 
  - Kick  quantessd   Oct-15-08 11:37 AM   #28 
  - wow, gotta rewatch obama's vid  quantass   Oct-15-08 11:54 AM   #29 
 

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC