Cattledog said:
JbarL said:
Jill said:
If you don't mind loosing everything you own go ahead and cancel that health and auto insurance, not a good idea in my book.
i thought that was the reason for getting the 10K ???....cause we were " losing everthing"...if ya dont need it ...dont do it...if you need 10K to maintain ...how else are you going to get it ?....maybe ask your employer to let you out of your contract....and give yoiu yoiur money now??...some folks talk desperation...but all they really got is an inconvience....while yoiur boss has your money.....jbarl
I'll tell you how you get your 10k back. Let the stock market go back up. I'm not close to retirement and don't really need the 10k right now. Going without health insurance and auto insurance is not an option that I would consider.
i dont condone going without automobile insurance.....it is just an exapmle of meoney we spend that were better off if we dont use it....( so whats it really for??) .....at least with life insurance you get the pleasure of dying and getting some peace and quiet.....
401 k's are simply a conssenion by employess ( union or non union ) to allow youir bosses payroll to be 25 % due each week/month/year....thats alot a money to say ..union carbide....dupont...GOVERNEMENT employees.....florida power.....catapillar.....honda......we have gave them the oppertuntiy to run on a 20% ( or more) less payroll...when in reality ....if all the money were put in a solid account....after 700 employees pay in for say 10 yrs....yo do the math ....lets say ohio power....avg wage...say 37K @ 24 % (your contribution...ever wonder why they call it a contrubition??)..= 8k ( give or take) X 650 employees = 5.5 mill a year X 10 yrs....=60 million dollars of 650 peoples money they have....and thats without interest ....with interest.....not only are you now papying your own salery with the interest of your own money.....now they dont want to give it back........thats why mr busch needed some " cash flow" with social security ( speculation on my part)....this same mess ( economic ) would have been the exact same if everone had went and got the entire 401k pot before they could ....about 2 yrs ago....most would not have been able to cover it ( speculation on my part )..especiall auto workers ..plastics ....steel........and probally even the governement itself.......and the blame( news rethoric ) then would have been "......consumer fear...run away consumer fear...dont take YOUR money....it will be the collapse...stop the next depresssion ....see now is the first geeration of folks to be able to draw a real "full terem" of the "401 k contrubition plan" we all signed up for... ours was "introduced' in the early 80's...so almost 30 yrs....now its time to pay....oops....jbarl
