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The Water Cooler
General Discussion
Thoughts on 'the market' and retirement fund, election, etc.?
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<blockquote data-quote="tRidiot" data-source="post: 3401473" data-attributes="member: 9374"><p>I agree Dan, I don't like the idea of pulling out of my retirement. I was just exploring the option with the ability to repay and the reduced penalties, but the more I look into it, I think the less I like the idea. I don't think I would be able to put ALL of it back into the fund in the required timeframe which WILL lead to taxation on the rest and a general loss overall in my retirement. I just don't think it's worth the savings of the 5.5% on my business loan. </p><p></p><p>I'm just bummed about the whole financial uncertainty right about now and showing up at work every day isn't fixing things.</p><p></p><p>Plus, I'm worried we're going to see major repercussions down the road, mostly from the financial fallout of the bailouts and forcibly compressed economy, combing with the uncertainty of the upcoming election, and the potential for COVID to hit hard this winter.</p></blockquote><p></p>
[QUOTE="tRidiot, post: 3401473, member: 9374"] I agree Dan, I don't like the idea of pulling out of my retirement. I was just exploring the option with the ability to repay and the reduced penalties, but the more I look into it, I think the less I like the idea. I don't think I would be able to put ALL of it back into the fund in the required timeframe which WILL lead to taxation on the rest and a general loss overall in my retirement. I just don't think it's worth the savings of the 5.5% on my business loan. I'm just bummed about the whole financial uncertainty right about now and showing up at work every day isn't fixing things. Plus, I'm worried we're going to see major repercussions down the road, mostly from the financial fallout of the bailouts and forcibly compressed economy, combing with the uncertainty of the upcoming election, and the potential for COVID to hit hard this winter. [/QUOTE]
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The Water Cooler
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