Comments on: Obama’s Economic Rescue Plan Would Allow Penalty-Free Withdrawals up to $10,000 This Year and Next From Retirement Accounts

By: dave

dave — Wed, 07 Sep 2011 16:39:21 +0000

I have lost 75,000.00 in the last two weeks and it keeps going down , soon the penalty I would of had to pay would have been lost anyway WTF!!! They just keep smiling and raking in there 6 figures

By: sherry

sherry — Thu, 28 Jan 2010 03:23:49 +0000

Look Im just a kid, twenty years old and newly married. I work at a fastfood resaraunt for 7.25 hr they only let us have 30 hours a week. now im very thankful for my job, because the unemployment is rediculous. my husband and i rake in $900 after being robbed by probation. we manage an apartment, groceries, bills, and all that good stuff. I walk to work, I walk to college and everywhere else. now how many people do you know that can manage money like that, and still be comfortable? not very many because americans have become careless spenders. but if i can do it anyone can. but really..let them withdrawl their money. its all about personal choices. obama is giving us a choice. i like the freedom of choice dont you?

By: Rocco

Rocco — Mon, 28 Dec 2009 04:26:59 +0000

This Obama deal may sound better once the 40lk gets nationaized and your 401k account will be rduced to an IOU like social security. Neither source of retirement money will be solvent and your assumed retirement income will have served Obama’s higher prupose of “spreading the wealth” The only way to escape this is to get your money out now and pay the stinkin’ taxes, while it is still worth something close to what you saved. You will owe the taxes anyway at retirement, and the rate will be astronomical, since you will be the envied class who bothered to save and thus punished. The only ones who will make out are those on perpetual welfare and underachievers.

By: joseph

joseph — Wed, 21 Oct 2009 18:40:04 +0000

I don’t know about all these politicians. They have jobs. I am unemployed. When this unemployment runs out I don’t know what I will do. They say it’s getting better but I don’t see it. In my state the cuts are going crazy. If I have to wait, I will be out on the street. We have 3,000 carpenters on the bench (out of work), That’s out of just over 5,000 carpenters. I don’t see any sign of an improvment at all. Where do they come off telling us about surviving when they have jobs, and BENEFITS. They don’t have a clue what is going on for regular people like us. At least give us a way to get through these hard times. These politicians have jobs, they have benefits, they can support their families, and they don’t even know how much a loaf of bread or a gallon of milk is!! This is the first time I have not had even a chance of getting a job!! Getting to take out $10,000 out of my 401k without any penalty would really help me to get through what you call tough times that I call impossible times. FAMILY FIRST!! Aloha Joseph

By: jackie

jackie — Fri, 09 Oct 2009 18:01:58 +0000

it doesn’t exist, bummers

By: jackie

jackie — Tue, 06 Oct 2009 08:24:28 +0000

i think it’s a great idea, my husband & I work, we have 5 kids altogether, we have a mortgage, child support for 2 kids, etc. struggling to pay a little more than the balance due on our mortgage & credit card each month, will make the call tomorrow and get started.

By: mark

mark — Mon, 14 Sep 2009 01:49:45 +0000

Why not let me take $10,000.00 out of my retirement.My money has been invested and lost by people who only have their best interests at heart.Let me take some money out and buy some real estate or invest it myself.Real estate is a much safer and lucrative investment than letting the “professionals” have it.They have shown me what they can do.It’s my turn.

By: steve

steve — Thu, 09 Apr 2009 06:36:15 +0000

obama should get legislation passed to allow people with 401k or irs who have lost their ass to be allowed to withdraw any or the full amount of what is left in their account to pay off some or all of their debt as times are tough for all us joe six packs and this would be a solution to get our financial things in order, if he can bail out wall street and the financial markets he can surely do the same for the people who elected him.also pelosi and reed have got to go,oh pay no taxes on withdrawels of any amount

By: Karen

Karen — Tue, 07 Apr 2009 02:58:43 +0000

My husband got hurt on the job a year ago very badly. He is still undergoing treatment, has possible future surgeries and his knee, hip and back will never be the same!! His company has just terminated him using a loop hole to union contract; union is trying to fight it. In the meantime, my family will now incur COBRA, worker’s comp. may end soon, which is 40% less of his former salary…future is very bleak! Our daughter is a sophomore in high school and with impending expenses and college just around the corner, we are really starting to get worried. I am working and we are just a normal family with no frills and we could sure use the money to pay impending insurance payments, mortgage payments, etc. My prayer is that a solution is found for all the unemployed families that are hurting!! Quick question: why did we let someone make rules for: when we could have OUR money, at what age, how much and if we wanted it earlier, we would get penalized to get OUR OWN MONEY? Plus, now, our 401(k) and IRA’s have lost money and we are at a key time when we cannot make it back…. Thanks for listening!!

By: Chip Gieger

Chip Gieger — Wed, 25 Mar 2009 13:59:16 +0000

I wanted the opportunity to get the money because it would help my family get in a much better financial situation. The money I have in this account has lost tremendously and I could put it to better use. I have another retirement account due to career change and I would not be hurting my retirement plans.