Boater wrote:
BAR wrote:
Boater wrote:
Eisboch wrote:
"Boater" wrote in message
...
Ahhh 401k's.... Too bad about those.



That's one of the reasons why many people are having trouble being
forced to ante up tax dollars to
save GM and it's union in their current form and contractual
relationships. The "majority" are watching their own retirement
investments tank, and are concerned about their jobs, their
families, their financial stability.



If you are still employed where your 401k is located and operating,
is there a mechanism to withdraw those funds without withholding or
tax penalty, and put them into another sort of tax deferred account,
some sort of IRA, where you have some say over where the funds are
invested?
I wouldn't trust "the market" with my retirement funds, but I might
trust a federally insurance bank or banks.


Are you that clueless? Do you know what the difference between a 401k
and an IRA is?

I guess you should get your buddies in Congress to have a mattress
account in every 401k.


What I was curious about was whether there was an escape valve for an
employee who wanted to get the hell out of 401k's and put his funds
somewhere reliable and rational. That's all. Yes, I know the difference.
Read for content, dropout.

You can participate in the 401k plan or you not participate in the 401k
plan. The latter will give you all of the options you want. There are
disadvantages to both plans. But, you get to make the choice.

Does a union worker have an option with respect to the union retirement
plan?

Why has your tone softened?