Are 401 k's safe?, page 1
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reply posted on 10-10-2008 @ 02:11 PM by seabisquit
reply to post by GoalPoster



Your 401k is not insured by FDIC and even if it was FDIC funds can in no way cover all the withdrawals.

If you transfer it to a money market do you trust the dollar to hold its value for long?

The best option IMO is to get it out and use it to buy any commodity that will continue to have real value and will most likely increase in value(i.e. gold,silver,oil,food,generators,weapons).



reply posted on 10-10-2008 @ 02:28 PM by St Udio
reply to post by seabisquit




you need to refine your question... Are 401k's Safe ?

yes a 401 k will continue to exist...because no matter what the declining value is --- the management fee is still deducted from your balance before anything else is calibrated.


will a 401k be a safe, & money growing use of your savings?
Nope, its not designed to be.
~unless~ your 401k was in a fund specializing in downturns like some 'bear' funds specialize in.
A 'bear' fund bets that stocks lose value---
you sure haven't been hearing about those funds lately...have you.??

see: www.fool.com...

biz.yahoo.com...
(this page shows the tickers & returns for some major 'bear' funds)
if your so inclined to switch a portion of your 401k into one of them


reply posted on 10-10-2008 @ 02:34 PM by seabisquit
Originally posted by St Udio
reply to
post by seabisquit




A 'bear' fund bets that stocks lose value---
you sure haven't been hearing about those funds lately...have you.??




reply posted on 10-10-2008 @ 02:35 PM by seabisquit
reply to post by St Udio



Shorts have been suspended ;if you have been keeping up with the news you would have known that.

Yes, maybe I should have titled this thread can you get your 401k out when you want to. If i had a problem 3 months ago what do you think it is like now to withdraw your money?

[edit on 10-10-2008 by seabisquit]
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