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Will those afraid Obama is going to take their 401k going to hurt the market by pulling their money out?
01-24-2013, 01:32 PM
Post: #6
Phantomvolcano510 Offline
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Little thing called the Constitution prevents them from taking your 401k. Read up on it. And no, millions of people can't pull their money out of it nor have them...anyone who says otherwise is LYING! ERISA law prevents people from taking in-service withdrawals except in the case of hardship. And being afraid of UNREALIZED losses is not a reason. They can take a distribution if they quit, are fired, die, become disabled...but 20% of the people haven't done that.

And no..millions leaving doesn't hurt the market when trillions stay.
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Messages In This Thread
[] - Derek - 01-24-2013, 01:32 PM
[] - SmartA$$ - 01-24-2013, 01:32 PM
[] - ou_sooner_football - 01-24-2013, 01:32 PM
[] - svmainus - 01-24-2013, 01:32 PM
[] - Phantomvolcano510 - 01-24-2013 01:32 PM
[] - weepy - 01-24-2013, 01:32 PM

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