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Gateway

Joined: 9/1/96 Posts: 39654
Likes: 1691


For sure! I don't think we could even got an appt....


to meet with someone in that amount of time.

This is what Bob said he did six years before retirement. He read something about the Chinese ???...I don't know if that was dollars, their stock market or whatever, but for him, he saw a bust coming. He moved all his 401K into what is called a "guaranteed income account". At the time they were paying 5% interest. He didn't want to worry about it. Today they still pay 2% and I didn't realize until today when he told me, his 401K is still in that account, although he can move it around by email, phone, etc. within a day. Even though we must draw from it now, we take the minimum per year and we pay the taxes on it. He said he did think about maybe making a move, which is very easy, but he didn't. I think he and I really don't need the hassle at this point in our lives unless we get some money from a slot machine or blackjack payout.

(In response to this post by Stampy)

Posted: 02/08/2018 at 10:16PM



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Current Thread:
 
  
No comments about today's down market?.... ** -- Gateway 02/08/2018 4:45PM
  Good for you! -- Stampy 02/08/2018 10:03PM
  True -- Stampy 02/08/2018 10:02PM
  How LOW will it go? ** -- buffdad 02/08/2018 9:59PM
  Posts from a few weeks ago by certain people -- Portland 02/08/2018 6:48PM
  I think GeorgiaBuff was BRAINWASHED. ** -- H.I. McDunnough 02/08/2018 6:56PM
  To be fair -- Stampy 02/08/2018 8:18PM
  The Dow is not a good indicator. -- Portland 02/09/2018 3:02PM
  It was the DELIGHT of the business world -- buffdad 02/08/2018 10:01PM
  Had less to do with either president -- buffdad 02/08/2018 10:03PM
  I agree completely with you..... -- MoBuffs 02/09/2018 11:26AM
  I saw you posted that the other day -- Stampy 02/08/2018 10:01PM
  Expansions and recessions are inevitable -- Stampy 02/08/2018 10:43PM
  Correction: Ryan's tax plan ** -- buffdad 02/08/2018 10:03PM
  Good point -- Stampy 02/08/2018 10:05PM
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