Belmont Club

By Richard Fernandez

Bio

Get Updates From Richard Fernandez
A Comment About

Someday I’ll Meet You Again

March 22, 2010 - 4:01 pm - by Richard Fernandez
Joshua
2010-03-23 20:00:07

Joe Hill, #133: Truthfully we are very close to insolvency now and the one big domestic pool of untapped liquidity out there is in 401ks.

Good thing for me I haven’t had a 401k in over six years. I rolled mine over into a regular IRA and have basically let it sit there while putting all my “real” retirement savings into a maxed-out Roth. That will be my one-finger salute to this administration when they start messing with 401k’s.