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Old 12-02-2008, 11:23 AM
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Default Investments. Where Do You Have Your Money?

The Sky is Falling, The Sky is Falling!!!

All the news we keep hearing is going from bad to worse. Have you pulled your 401 K's or other investments?
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Old 12-02-2008, 11:26 AM
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I haven't pulled my 401K but I have considered it. I'm sure it's only worth 1/2 of what I have invested in it right now.
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Old 12-02-2008, 11:29 AM
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what money?



applepansy
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Old 12-02-2008, 11:42 AM
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In Nov 2007 we decided to go with a fund manager and they pulled us out of the market on our 401 which has saved us from losing so much money. We do have other money in IRA's that we have shifted around but with the new tax laws going into effect and the market not going up we just may take the hit and take it out.
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Old 12-02-2008, 11:45 AM
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I haven't really got any lol have a small amount in some companies that I bought couple of years ago they were doing very badly and it really was a case of either they will make me money or I will lose it. My husband's is just the company pension and its as safe as anyone's is going to get as the directors use the same pension scheme.

Rest of me pennies are in the bank

-Charley
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Old 12-02-2008, 11:46 AM
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Quote:
Originally Posted by StrawberryFields View Post
In Nov 2007 we decided to go with a fund manager and they pulled us out of the market on our 401 which has saved us from losing so much money. We do have other money in IRA's that we have shifted around but with the new tax laws going into effect and the market not going up we just may take the hit and take it out.
Could you explain the new tax laws?
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Old 12-02-2008, 11:47 AM
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I wish I had invested more into FOOD, SELF-ENERGY, WATER, and FUEL.
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Old 12-02-2008, 11:55 AM
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I wish my husband would agree to pull out his 401K. We haven't got much in there anyway. We also have some stocks in Alltel that I asked him this summer to pull out so we could pay some bills, he never did that either. I'm sure they're pretty much gone now. We have 1,000 shares of stock in my families company, but I don't know how well they're doing right now. Those are probably still our best because it's oil field work, but they probably won't last much longer with the way things are going.

My husband has some trusts in his name, but he can't get them until his grandma dies. His grandpa set them up so that she could use them if she had to, but if not they would go to the grandkids when she passes on. They're probably not worth much now anyway.
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Old 12-02-2008, 11:57 AM
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Could you explain the new tax laws?
Nope. I just heard him mention that my tax rate would be going up up up!

If I cash it in for 2008 I know what it will be and so if feels less of a risk. When the taxes do go up I wonder which year it will take hold...
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Old 12-02-2008, 12:00 PM
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My brother was mentioning something about new tax laws and how it would affect those that make $250k or more a year. Then it was mentioned in the same conversation that had been lowered to those that make $125k a year. Well either way, certainly doesn't affect me. lol But I am curious.
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When we recall the past, we usually find that it is the simplest things - not the great occasions - that in retrospect give off the greatest glow of happiness. Bob Hope

If you haven't any charity in your heart, you have the worst kind of heart trouble. Bob Hope

Bob Hope was my hero.
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