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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Trinchero who wrote (149067)	9/22/2008 3:34:01 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

I am certainly glad a woman isn't gonna get blamed for the next 4 years of economic policy!! The election isn't over, Palin and that guy running with her could still get in. I started a new job recently and need to sign up for 401k plan................ I used to be a great believer in all these various tax deferred investment vehicles, I've been dragged kicking and screaming into the position that they are just loaded with so many gottchas that you are best off staying as far way from them as possible. If the government can, without a single vote being cast, effectively nationalize half the investment banking and mortgage industry over a long weekend imagine how they can change the rules in the future for these tax deferred plans. In my pension plans I've had to adopt a half dozen new plans as the rules are constantly being changed. I've been trying to shut them down for a few years now and I'm finding it's easy to get in and hard to get out. I want as much flexibility as possible, if I want to invest my savings in a freakin oil change franchise or a yak butter import biz, I can do that outside of these plans where I'm not limited to paper assets.