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Non-Tech : Invest / LTD

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To: sandbag who wrote (7264)	2/10/1999 3:31:00 PM
From: IngotWeTrust	Read Replies (1) of 14427

Why can't you opt OUT of the 401K, take the penalties IF there are any, and move your contributed portion to a self-managed IRA? As long as it is a paper shuffle and you never take "possession" of your funds, you won't pay THOSE penalties! You certainly could be in cash if you were MORE in charge, be safer, and miss all the lousy choices you currently have! No one can force you to participate in a 401-K. And the portion your company has contributed is going to disappear as well, in a correction or the upcoming Y2K generated recession. Cash is king now. And Gold is even nicer(grin) I'm on record as to there being only 18c worth of value left out of every equity dollar currently on personal balance sheets. There is considerable historical precedence for this positional statement of mine, and I'm acting accordingly. Looking forward to your reply. O/49r

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