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Strategies & Market Trends : Watching the market collapse -- Ignore unavailable to you. Want to Upgrade?

To: paulmcg0 who wrote (61)	8/3/1999 7:28:00 AM
From: Giordano Bruno	Respond to of 150

...Mr. Salisbury walks through the disaster scenario of lost jobs in a forthcoming recession. And it doesn't look pretty if they have to break open their retirement accounts for living expenses or to repay debts. A $100,000 401(k) balance would shrink fast in the face of perhaps a 25% federal tax bite, plus a 10% withdrawal penalty if the holder is younger than 59 1/2, and maybe a debt repayment. That $100,000 could well become $50,000 overnight, even without a downturn in the stock market. techstocks.com