Comments on: Woman Refuses to Roll Over 401k Saying She Would Lose Half of Her Money http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/ Helping a unique generation achieve financial independence. Thu, 11 Mar 2010 21:30:32 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Davidson prince http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-127517 Davidson prince Wed, 24 Feb 2010 16:54:45 +0000 http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-127517 Am davidson from africa, am looking for someone who want to invest his or her into meanful something.....don't wait to let me know now... Am davidson from africa, am looking for someone who want to invest his or her into meanful something…..don’t wait to let me know now…

]]> By: Faisal http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-122731 Faisal Fri, 30 Oct 2009 05:15:34 +0000 http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-122731 A 401k rollover & self directed ira is moving your eligible retirement funds, such as money invested in plans like a 401k. A 401k rollover & self directed ira is moving your eligible retirement funds, such as money invested in plans like a 401k.

]]> By: Marco Rigby http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-122492 Marco Rigby Wed, 14 Oct 2009 22:29:26 +0000 http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-122492 I just looked at your RSS feed and it gave me an error. Can you post your RSS feed url when you have a chance? I don't check email very often. I just looked at your RSS feed and it gave me an error. Can you post your RSS feed url when you have a chance? I don’t check email very often.

]]> By: kevin http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-121730 kevin Thu, 03 Sep 2009 08:48:08 +0000 http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-121730 your kinda a pompas ass to assume she is wrong in her thinking ? my wife left her job after 18 years (walmart) and had to wait 30 days for her rollover in between that time her fund fell by $1,700 dollars. some of you need to climb down off that horse your sitting on and get out in the real world where people break a sweat to make that money. my guess is your all a bunch of retierd school teachers who use tip calulaters when you go out to eat at 4:30 for the early bird special. your kinda a pompas ass to assume she is wrong in her thinking ? my wife left her job after 18 years (walmart) and had to wait 30 days for her rollover in between that time her fund fell by $1,700 dollars. some of you need to climb down off that horse your sitting on and get out in the real world where people break a sweat to make that money. my guess is your all a bunch of retierd school teachers who use tip calulaters when you go out to eat at 4:30 for the early bird special.

]]> By: Jeremy http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-116140 Jeremy Mon, 06 Apr 2009 16:39:36 +0000 http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-116140 Tom, rollovers do not count against your annual contribution limit. So, don't worry about maxing that out if you're thinking about a rollover. Tom, rollovers do not count against your annual contribution limit. So, don’t worry about maxing that out if you’re thinking about a rollover.

]]> By: tom novak http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-116109 tom novak Mon, 06 Apr 2009 12:36:55 +0000 http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-116109 i like yo know when you roll over a 401k to a ira-cd does it go against the maxium contribution for that year thank you tom i like yo know when you roll over a 401k to a ira-cd does it go against the maxium contribution for that year thank you tom

]]> By: dave http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-115120 dave Thu, 02 Apr 2009 04:35:21 +0000 http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-115120 I think this is a great idea. If everyon with a 401(k) or 403(b) were to cash out, the revenue generated would go a long way to helping our economy out of this mess. The government has already put us and our grandchildren on the hook for 40k + each, this will just do our share to fix that. Now the can bankrupt us with universal healthcare so that business can compete internationally. I think this is a great idea. If everyon with a 401(k) or 403(b) were to cash out, the revenue generated would go a long way to helping our economy out of this mess. The government has already put us and our grandchildren on the hook for 40k + each, this will just do our share to fix that. Now the can bankrupt us with universal healthcare so that business can compete internationally.

]]> By: Ted http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-105082 Ted Fri, 06 Feb 2009 20:45:26 +0000 http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-105082 She really was a genius because look at what has happened to all of us experts over the last 6 months! She really was a genius because look at what has happened to all of us experts over the last 6 months!

]]> By: Tom M http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-69365 Tom M Tue, 15 Apr 2008 02:11:31 +0000 http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-69365 Unfortunately your experience touches just one area of personal finance. Other areas appear to be just as mysterious as that to some people, such as interest on credit cards. Personal finance education appears to be a hot topic right now... "learnin' these folks" on the basics. And this lack of sophistication does not reflect overall intelligence....I had a coworker (a software engineer!) who could not understand why his credit card balance didn't drop as fast as he thought based on his payments. Unfortunately your experience touches just one area of personal finance. Other areas appear to be just as mysterious as that to some people, such as interest on credit cards. Personal finance education appears to be a hot topic right now… “learnin’ these folks” on the basics. And this lack of sophistication does not reflect overall intelligence….I had a coworker (a software engineer!) who could not understand why his credit card balance didn’t drop as fast as he thought based on his payments.

]]> By: janine http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-69286 janine Mon, 14 Apr 2008 20:30:47 +0000 http://genxfinance.com/2008/04/07/woman-refuses-to-roll-over-401k-saying-she-would-lose-half-of-her-money/#comment-69286 I had an almost-too-similar thing happen to me with an investment from a former employer that I (eventually) rolled over. I could have easily lost a lot of money but, thankfully, my father was heavily into eyeballing the stock market and he told me to just sit on it and wait. It's funny how you can communicate things to a family member....in a manner where the point will be taken...but the same tone or mannerisms can't be used with a customer to get your point across....lol If my father had the conversation with this woman that he had with me, she would be rolling, not cashing in :) I hated when dad used to call his little girl an idiot...lol I did anything in my power to prove him wrong...even if it meant taking his advice :) also...Anne made a Devil's Advocate comment with another scenario that happened to me a couple of years ago. A company that I worked for was sold to another company....and then again about 8 months later to, yet, another company. Somehow things got fudged up with one of the transfers of 401K money, one involving an old-fashioned paper check and I ended up losing a little on that deal. But, overall, and despite the arguments from people who don't believe in a retirement plan with their employer---my dad didn't start contributing until he was in his late 40s, early 50s....probably because 401K's didn't exist until then. But, he's in his 70s now and has a hefty bank roll---all due to the stock market and his 401K. If he had relied on Social Security to carry him through, or money hidden under the mattress, his retirement years would probably be spent working at Walmart as greeter, while holding out on a waiting list for some retirement community based on (social security) income. If this lady customer of yours still doesn't want to invest in a rollover....tell her to jot down that you prefer shopping baskets to carts and to please have them available at the Walmart door the next time the two of your paths should cross!! lol (well, that's what dad would tell her, anyway) :) I had an almost-too-similar thing happen to me with an investment from a former employer that I (eventually) rolled over. I could have easily lost a lot of money but, thankfully, my father was heavily into eyeballing the stock market and he told me to just sit on it and wait.
It’s funny how you can communicate things to a family member….in a manner where the point will be taken…but the same tone or mannerisms can’t be used with a customer to get your point across….lol
If my father had the conversation with this woman that he had with me, she would be rolling, not cashing in :) I hated when dad used to call his little girl an idiot…lol I did anything in my power to prove him wrong…even if it meant taking his advice :)

also…Anne made a Devil’s Advocate comment with another scenario that happened to me a couple of years ago. A company that I worked for was sold to another company….and then again about 8 months later to, yet, another company. Somehow things got fudged up with one of the transfers of 401K money, one involving an old-fashioned paper check and I ended up losing a little on that deal.

But, overall, and despite the arguments from people who don’t believe in a retirement plan with their employer—my dad didn’t start contributing until he was in his late 40s, early 50s….probably because 401K’s didn’t exist until then.
But, he’s in his 70s now and has a hefty bank roll—all due to the stock market and his 401K. If he had relied on Social Security to carry him through, or money hidden under the mattress, his retirement years would probably be spent working at Walmart as greeter, while holding out on a waiting list for some retirement community based on (social security) income.

If this lady customer of yours still doesn’t want to invest in a rollover….tell her to jot down that you prefer shopping baskets to carts and to please have them available at the Walmart door the next time the two of your paths should cross!! lol (well, that’s what dad would tell her, anyway) :)

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