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401k: Fuck it?

 
chilledinNJ
User ID: 967444
United States
05/11/2010 01:25 PM
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Re: 401k: Fuck it?
A 401K is merely another of TPTB's illusion tools being used to rob us. I suggest getting out while any getting is still an option. In my case, it allowed me to walk away from my job purposely in Oct. '08 so I could get something from it & "retire" early at 41. With those funds I have been committed to heart & spiritual work that has opened me to a surprising feeling of being willing to surrender most all of my material possessions - an ongoing process. I no loger worry about money the way that I did. The $$$$$$ system is set to fail. Part of me can't wait since it's such a ponzi schme designed to serve the few & deceive the masses. The new human lifestyle will be more indigenous in nature. It's going to take some getting used to so I am starting to make the adjustments now while I still can.
maryjaneshusband

User ID: 923145
United States
05/11/2010 01:25 PM
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Re: 401k: Fuck it?
I haven't been contributing to mine since early 2009. Still have it but I want my money. Just don't want 40% taken out so not sure what Imma do with it.
I get my energy from my inner chi. I be in outer space, but I got inner peace. - Lupe
Anonymous Coward
User ID: 967210
United States
05/11/2010 01:26 PM
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Re: 401k: Fuck it?
They've already floated the idea of confiscating all 401k, ira and pensions and investing it all in USA Treasuries. Why? Cause the rest of the world doesn't want them any more. Who wants to invest in a loser?

So the idiot will get on tv with a plan to save your 401k, ira and pensions. And he will once again sucker the same idiots.

Your money will be gone. Down the road they will 'borrow' from it and never pay it back. There will be no pensions in the future.
 Quoting: Anonymous Coward 666102


This is exactly what happened to Argentina. They confiscated everyone's pensions, put into their treasuries, oops gone...

You think our looters don't know about this?

Plan ahead, if you can...
Anonymous Coward
User ID: 919411
United States
05/11/2010 01:26 PM
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Re: 401k: Fuck it?
I haven't been paying into my 401k since a couple years now. I simply don't believe anything will come out of it and it might even be taken away.

I rather save on my own instead.

Do you do the same or do you believe in a 401k?
 Quoting: Anonymous Coward 959187


Get rid of your 401K.

Buy water, nonperishable food, medicine, gold, and silver in that order.

Hold very few dollars going into summer, none of your money should be in ANY bank anywhere now.

If you don't do this, you will end up eating/drinking "numbers on a page" when the SHTF which is IMMINENT.
Anonymous Coward
User ID: 666102
United States
05/11/2010 01:28 PM
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Re: 401k: Fuck it?
I haven't been contributing to mine since early 2009. Still have it but I want my money. Just don't want 40% taken out so not sure what Imma do with it.
 Quoting: maryjaneshusband


The penalty tax is 10%. The other taxes you pay now or later.
Anonymous Coward
User ID: 967428
United States
05/11/2010 01:28 PM
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Re: 401k: Fuck it?
To 794588, I lost 10%, and I would have to pay taxes anyway when I cashed it out, besides I made over 10% in another investment even without a job. I don't believe in the system anymore and expect you will find out the hard way.
Anonymous Coward
User ID: 830974
United States
05/11/2010 01:28 PM
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Re: 401k: Fuck it?
It used to be a good idea. Now I wouldn't put in except what employer will match. I use my roth, moved it in and out of the market so it's okay,

For those of you that want to just live off of the government, that is fine too, but don't complain when we that have saved have more money to play with.
Anonymous Coward
User ID: 966567
United States
05/11/2010 01:29 PM
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Re: 401k: Fuck it?
Nope I have never put into a 401k. Although my last employer signed all us employee's up for 401k against our wants / needs one year. See they used to give us bonus's yearly, christmas, or if the company was doing well. And one year instead of handing everyone their bonus, they opened up 401k accounts for everyone and put their bonus's into that. Needless to say, myself and everyone was very unhappy about it. Especially since some of us needed the money, or relied on that money yearly for whatever reason. Sooo I had a 401k started for me, they didnt even offer employer matching. But as soon as they let me go, a little over a year ago, I closed it with them, and transfered it over to an IRA. I have made more money in my IRA in 9 months, then I made in the 401k they opened for me in the 5 yrs I was there. What they did was against the law.. we found, but everyone prefered having a job so we kept our mouths shut.

We figured it had something to do with taxes as to why they didnt just hand us bonues like they used to. Sucked !
Anonymous Coward
User ID: 626707
United States
05/11/2010 01:29 PM
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Re: 401k: Fuck it?
wow, thats crazy... i just called my boy today who is high up at JPM NYC, to ask him his opinion, on if i should pull my cash out and buy hard gold..
 Quoting: PHILLLYDUDE


And he said???
Anonymous Coward
User ID: 676292
United States
05/11/2010 01:29 PM
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Re: 401k: Fuck it?
401k: Fuck it?

Naw, fuck you and pox news.
Anonymous Coward
User ID: 845092
United States
05/11/2010 01:33 PM
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Re: 401k: Fuck it?
cashed mine out.

bought a car and re-invested the rest myself


how did you cash out? did you lose your job?

i want to get mine out (money that my employer put in) but they tell me i can't unless i lose my job/buy a house/etc.
 Quoting: 1-2-Follow


Usually they set it up where you can take a loan against the money you have but cant cash out unless you quit or fired.
ac
User ID: 137597
United States
05/11/2010 01:35 PM
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Re: 401k: Fuck it?
I told someone years ago, before Enron crashed and burned, all the people that have these 401's will never get their money because whoever has their money will devise a way to keep it. What prompted me to make the comment - I was looking at a report about how much money was in 401's in America and the profit level was very high.

It was a good investment at that time. Now, I don't know. Some people tell me they are doing fine though.
 Quoting: Ohwow!



I have been trying to get out of my 401K since the fall of'08 when I saw the SHTF and knew that the time was short. All these programs haven't solved anything, just delayed the unevitable. How can you solve a debt problem by poring more debt into it?

Our 401K is set up through Fidelity and there is absolutely no (other than termination) way to access any of it other than the loan route. It isn't your money as they act like it is theirs!

All my money is in the 'money market' option (not FDIC insured) currently as this is NO market to invest in; bonds are even questionable, as I fully expect the US government to default on their debts.

The main plan I have, since I can't get at any of this money, is file a claim against our company's GL (general liability) policy under the 'employmnet benefits liability coverage'. You should check to see if the company you work for has this coverage. This coverage ensures, among other things, against someone from obsconding with the company's 401k program.

I figure that if the company is denying me access to the funds I have contributed into this program and I lose ANY principle amount due to unprecedented market behaviour or outright removal by the government, when I could have taken it out and stuck it into an FDIC insured CD at the Credit Union, this could be viewed as 'theft'. I will be compensated one way or another.
Anonymous Coward
User ID: 740955
United States
05/11/2010 01:36 PM
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Re: 401k: Fuck it?
cash out, take the hit and buy physical gold, not paper certificates
Anonymous Coward
User ID: 941031
United States
05/11/2010 01:36 PM
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Re: 401k: Fuck it?
They've already floated the idea of confiscating all 401k, ira and pensions and investing it all in USA Treasuries. Why? Cause the rest of the world doesn't want them any more. Who wants to invest in a loser?

So the idiot will get on tv with a plan to save your 401k, ira and pensions. And he will once again sucker the same idiots.

Your money will be gone. Down the road they will 'borrow' from it and never pay it back. There will be no pensions in the future.

Though I am a big believer in 401k's and contribute regularly this statement is true. They have in fact floated the idea of confiscating them. It's unbelievable. Mother fuckers better not try it!
 Quoting: Anonymous Coward 794588



What can you do if they do it? Nothing.
Anonymous Coward
User ID: 794588
United States
05/11/2010 01:36 PM
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Re: 401k: Fuck it?
Old age is when you pay for all the mistakes of your youth. My 401k has grown nicely and seems to be working for me.
Anonymous Coward
User ID: 617593
United States
05/11/2010 01:37 PM
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Re: 401k: Fuck it?
Some of them you can 'borrow against' , and use as a credit line. That's what we've done. It's the only thing it's good for. Take it and use it as a personal loan, or close it out. Agreed, they won't be there much longer. I just got a notice in the mail this morning, in big bold letters, telling us it 'IS NOT FDIC Insured - May Lose Value - No Bank Guarantee. Yup, I feel it comin...
 Quoting: CuriousGeorgette


do this ASAP and buy land free and clear, away from the city. Worst case you dont pay it all back and owe taxes though, so keep that in mind.
Anonymous Coward
User ID: 794588
United States
05/11/2010 01:44 PM
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Re: 401k: Fuck it?
bump
chilled in NJ
User ID: 967444
United States
05/11/2010 01:45 PM
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Re: 401k: Fuck it?
401K dollars feed the sick system that is run by the corrupt oligarchy - the ruthless, hegemonic cabal of controllers & regulators that have massively deceived their constituency. Can you really believe that this system is truly designed to benefit you? with all that has been shaken off of the tree of truth lately?

Once the grand cross of July 7-8 hits this summer, many of the structures around the globe will seriously beging to fail for good & the fraudulent retirement investment system will be left an empty broken shell of an idea. How do you get your $ from that?

In personally breaking out of my bonds to corporate tyranny, I extricated my soul from human slavery to the global elite. ITFEELS SO GOOD to know that I don't support them through credit & mortgage interest, taxes, ++++ like I used to. The IRS & the FED are private corporations seving their own profit ONLY.

"Our lives begin to end the day that we become silent about things that matter." ML King
Anonymous Coward
User ID: 794588
United States
05/11/2010 01:47 PM
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Re: 401k: Fuck it?
401K dollars feed the sick system that is run by the corrupt oligarchy - the ruthless, hegemonic cabal of controllers & regulators that have massively deceived their constituency. Can you really believe that this system is truly designed to benefit you? with all that has been shaken off of the tree of truth lately?

Once the grand cross of July 7-8 hits this summer, many of the structures around the globe will seriously beging to fail for good & the fraudulent retirement investment system will be left an empty broken shell of an idea. How do you get your $ from that?

In personally breaking out of my bonds to corporate tyranny, I extricated my soul from human slavery to the global elite. ITFEELS SO GOOD to know that I don't support them through credit & mortgage interest, taxes, ++++ like I used to. The IRS & the FED are private corporations seving their own profit ONLY.

"Our lives begin to end the day that we become silent about things that matter." ML King
 Quoting: chilled in NJ 967444

How do you eat? Do you live with your parents? wtf?
TripleH
I AM THE GAME

User ID: 534029
United States
05/11/2010 01:51 PM

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Re: 401k: Fuck it?
Yeah, I stopped doing my 401k several years ago. I would rather have access to my savings than in the suck fund. bump
Anonymous Coward
User ID: 794588
United States
05/11/2010 01:54 PM
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Re: 401k: Fuck it?
200K today will make you a million + in 20-25 years in a sp500 fund. You guys are crazy not to take advantage of a 401K. Hope you like to eat dog food...
rachel
User ID: 632797
United States
05/11/2010 01:54 PM
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Re: 401k: Fuck it?
I was taught by the bible and of course ale jones to not care so much for this false systym.

I don't even realy know what 401 k is lol
Anonymous Coward
User ID: 781984
United States
05/11/2010 01:55 PM
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Re: 401k: Fuck it?
It doesn't matter if you like it or not, soon B.O. will force you to have a mandatory gov't retirement account, that you must contribute to via payroll deduction, that will invest in gov't-approved investments, i.e.- treasuries, etc.

Just like health care, you will not have a choice; coming to you from the 'Party of Choice.'

LOL!
Anonymous Coward
User ID: 794588
United States
05/11/2010 01:58 PM
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Re: 401k: Fuck it?
It doesn't matter if you like it or not, soon B.O. will force you to have a mandatory gov't retirement account, that you must contribute to via payroll deduction, that will invest in gov't-approved investments, i.e.- treasuries, etc.

Just like health care, you will not have a choice; coming to you from the 'Party of Choice.'

LOL!
 Quoting: Anonymous Coward 781984

Yea, no shit! This has been thrown out there and it pisses me off to no fucking end! Fucking socialists! In any event, here is a good retirement site...
[link to www.dinkytown.net]
PHILLLYDUDE

User ID: 936493
United States
05/11/2010 02:00 PM
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Re: 401k: Fuck it?
cash out, take the hit and buy physical gold, not paper certificates
 Quoting: Anonymous Coward 740955

this is what i was just talking to my buddy high up at JPM about.. he told me buy get this: "fools" gold and diamonds ....his reasoning?? easy that if TSHTF and the economy fold.. you think whoever your trading with is gonna have a gold tester with them when they trade? NO plus diamond are way easier to carry !!!!!!!!!!
chilled in NJ
User ID: 967444
United States
05/11/2010 02:04 PM
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Re: 401k: Fuck it?
I've made massive lifestyle changes & continue to spend my cash reserves that came from cashing out my 401K prematurely a year & a half ago (with no regrets). I immediately recognized that so many people are living alone paying the man all these ridiculous bills & am now sharing space with others (OMG, NO I don't live with my parents. Yikes.) This helped a friend reduce their expenses, too.

I am about to journey to the four corners area with my tent & a few new survival & sustainable living skills that I've learned in the last year & a half. Time to practice what I beleive to be best. Even though I've really done my homework, I know it won't be easy to make such changes but, I just can't support these MF'ers anymore!

All the folks around me are concerned that I get another
J-O-B doing something that I like. I was a 6 figure earner for a few years. Well, it will have to be a non-employee role that doesn't contribute a penny to TPTB. I recognize that this isn't for everybody & sometimes we have to walk alone in our convictions.

Just doing the best I can with what I have - wish everyody had a nest egg & great faith. It's truly been a gift.
Anonymous Coward
User ID: 794588
United States
05/11/2010 02:04 PM
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Re: 401k: Fuck it?
cash out, take the hit and buy physical gold, not paper certificates

this is what i was just talking to my buddy high up at JPM about.. he told me buy get this: "fools" gold and diamonds ....his reasoning?? easy that if TSHTF and the economy fold.. you think whoever your trading with is gonna have a gold tester with them when they trade? NO plus diamond are way easier to carry !!!!!!!!!!
 Quoting: PHILLLYDUDE

Problem with this idea is that if TSHTF and you get caught raffling off bogus shit you will be shot in the forehead with a very large caliber bullet. Good luck with that asshole.
Anonymous Coward
User ID: 794588
United States
05/11/2010 02:06 PM
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Re: 401k: Fuck it?
I've made massive lifestyle changes & continue to spend my cash reserves that came from cashing out my 401K prematurely a year & a half ago (with no regrets). I immediately recognized that so many people are living alone paying the man all these ridiculous bills & am now sharing space with others (OMG, NO I don't live with my parents. Yikes.) This helped a friend reduce their expenses, too.

I am about to journey to the four corners area with my tent & a few new survival & sustainable living skills that I've learned in the last year & a half. Time to practice what I beleive to be best. Even though I've really done my homework, I know it won't be easy to make such changes but, I just can't support these MF'ers anymore!

All the folks around me are concerned that I get another
J-O-B doing something that I like. I was a 6 figure earner for a few years. Well, it will have to be a non-employee role that doesn't contribute a penny to TPTB. I recognize that this isn't for everybody & sometimes we have to walk alone in our convictions.

Just doing the best I can with what I have - wish everyody had a nest egg & great faith. It's truly been a gift.
 Quoting: chilled in NJ 967444

Good luck man!
Anonymous Coward (OP)
User ID: 959187
United States
05/11/2010 02:07 PM
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Re: 401k: Fuck it?
From the Eurozone (but relevant here as well)

[link to babelfish.yahoo.com]
Anonymous Coward
User ID: 967444
United States
05/11/2010 02:08 PM
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Re: 401k: Fuck it?
I've made massive lifestyle changes & continue to spend my cash reserves that came from cashing out my 401K prematurely a year & a half ago (with no regrets). I immediately recognized that so many people are living alone paying the man all these ridiculous bills & am now sharing space with others (OMG, NO I don't live with my parents. Yikes.) This helped a friend reduce their expenses, too.

I am about to journey to the four corners area with my tent & a few new survival & sustainable living skills that I've learned in the last year & a half. Time to practice what I beleive to be best. Even though I've really done my homework, I know it won't be easy to make such changes but, I just can't support these MF'ers anymore!

All the folks around me are concerned that I get another
J-O-B doing something that I like. I was a 6 figure earner for a few years. Well, it will have to be a non-employee role that doesn't contribute a penny to TPTB. I recognize that this isn't for everybody & sometimes we have to walk alone in our convictions.

Just doing the best I can with what I have - wish everyody had a nest egg & great faith. It's truly been a gift.

Good luck man!
 Quoting: Anonymous Coward 794588


THANK YOU and to you as well!

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