o/t: 401k accounts....

[bartholomeus]

ok found no better place to put this, as the bank thread was about a month ago. Now that everything has melted some more i found out i lost about 2k in my 401k What are you guys doing with those accounts? obviously I'm not 65 and i think there's an extra penalty for under 25 which i am. How are you guys dealing with your 401k's? I'm thinking of cashing out rather than staying until there's zip left. Hopefully this crisis can be contained...
i think the tax is about 30%-40% :x

[saifan]

Dude, it's money you won't need for 40 to 50 years. The losses you took now won't mean anything then. Stay put and hang tight.

[SarahG]

Dude, it's money you won't need for 40 to 50 years. The losses you took now won't mean anything then. Stay put and hang tight.

I feel sorry for the people who would be retiring this month.

But hey, think of it this way- at least you didn't have an Enron pension!

[El Nino]

401ks and pensions are done. They stole it from you

[SarahG]

401ks and pensions are done. They stole it from you

Agreed, if you want a pension that will be harder to be taken away, work for the gov.

Benefits for even low paying teaching jobs are actually pretty decent, although even that's not a sure thing anymore.