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Technology Stocks : The Y2K Panicker - A 'Things To Do' Checklist
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To: EL KABONG!!! who wrote (20)12/2/1998 12:31:00 PM
From: Paul Berliner  Read Replies (1) of 26
 
Kerry, JBE, it would'nt hurt to pay the tax on the 401K or govt. retirement account on early withdrawal. 2 reasons:
1. If everythins f--d up, you'll need the money and be happy you withdrew.
2. If everthing is cool, all the money wil be thrown back into the markets within a few weeks - and the incredible surge in stocks, bonds, etc. will more than pay for the tax.
That's a significant thing to think about - if we all are prudent and take out our money to be safe, then if everything winds up ok the market will have its best month in history as cash is re-infused at a record rate - simply because the infusions would be in a quicker time frame, as everyone infuses at once, rather than the slower (albeit still hurried) withdrawals that will take place in Nov. and Dec 99.

P.S. The Lincoln has had the starter changed twice already.
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