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Reply #3: my prediction is that they will allow folks to raid their retirement accts [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-16-08 11:20 AM
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3. my prediction is that they will allow folks to raid their retirement accts
Now that people are up to their eyes in debt, the next logical thing is to allow them to spend whatever they may have accumulated in 401k's and IRA's. Right now the only thing stopping them are the taxes and penalties involved in taking money out early. I bet that will change, as an "incentive" to get the "economy moving again".


We are all just a resource to be mined.

And yes, I'd love to be able to retire before 65, but I doubt I will have that much saved up, and given the crappy economy I really doubt what I have saved is going to increase in value all that much.
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