Warrior102
Gold Member
- May 22, 2011
- 16,554
- 4,125
- 183
- Thread starter
- #21
I lost 50,000 from my 401K under George W. Bush. Under President Obama, my 401K came back..and I made a tidy profit from my own personal portfolio which I used to renovate the Co-op in Manhattan I now rent out.
You can keep George W. Bush's economy. It was to expensive for me.
Techniically, you've "made" nothing on your 401K...
That money is untouchable until you retire, so it's all just a valuation at this point...
The value of my 401k has gone up under both Booooooosh and your 0ssiah... Perhaps you got bad investment advice for it to tank 50K...
No.
The money is very real.
And you can withdraw it before retirement. Not a good move..but it's possible.
And the drops occurred when the shit hit the fan..twice.
Withdrawing from a 401K is idiotic and the wrong move. Quit fucking up. It's not a bank account where you can draw from when you need a bag of groceries or a new deck on your "co-op" (whatever the fuck that is).
Are you intelligent enough to understand a 401K ?
Either you, or your investment broker is a blithering idiot.
Seriously.