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Re: 401k.10% early withdrawl penalty? Who gets it?


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Posted by Traditional Farmer on September 16, 2011 at 09:09:34 from (184.2.77.13):

In Reply to: Re: 401k.10% early withdrawl penalty? Who gets it? posted by Traditional Farmer on September 16, 2011 at 04:34:27:

When I took it out yea I paid the 10% but never came close to paying 30% on the rest because I quit the company in Jan and had farm expenses to offset most of the money from the 401(k) which myself and my accoutant worked out ahead of time as I didn't need to make money on the farm that year so I could take a big loss on it.Leaving money anywhere these days like banks is for Idiots drawing almost no interest while the US Dollar goes down at least 10% per year and will probably decline quicker in the future.Checked the news today? The Fed here in the USA is guaranteeing the
loans to collapsing economies in Europe.Printing huge sums of Money in the future will be the only choice they have which will devalue the US Dollars you are holding.But you'll have a lot of company and misery loves company.BTW it wasn't me that figured out the last collapse was coming but listened to people who had been right about such things in the past.I'll take Peter Schiff's and Jim Rogers advice over about anyone elses and both say the US Dollar is headed for Collapse.Both also are still saying hard commidities (real money) like Gold and Silver are the place to be they've made me a lot of $$$$ in the past so I'm sticking with the proven winners.


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