miketranz
961 posts
msg #72244
- Ignore miketranz |
3/8/2009 10:37:55 AM
Dump the 401k? The big question is,how bad do you need the money? What percentage of your 401k is tied into the market? How much money did you already lose? Could you stand to lose another 25%,which is a possibility.Most of the people I talk to are in the 50% loss zone.With the skyrocketing cost of living today,it's a wonder that people have any savings left at all.If you live below your means and have money saved,you will weather the storm.However,if you lived like the rich but are'nt rich,then you'll have a problem adjusting...........
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