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Response to unblock (Reply #6)

Sat Dec 30, 2017, 08:19 PM

19. Oh how well I know.

 

What is scary is the Recapture provisions in some of these 401's. If the sponsoring company goes South and BK's,they have a right to recapture all of their input funds and in some cases,the employees funds that have been deducted via payroll.

My Spouse and her Sister had this happen. After a lawsuit against the Major Bank who was the Repository and Marketing Agent of this 401,the Bank was ordered to repay only a portion of the lost funds and those funds were paid in Bank Stock. Here is the kicker,they could not move any of those funds into any other product. The Feds stepped in and forced the Employer to offer different choices as a investment accounts within their 401's.

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Arrow 22 replies Author Time Post
applegrove Dec 2017 OP
guillaumeb Dec 2017 #1
RKP5637 Dec 2017 #3
RKP5637 Dec 2017 #2
panader0 Dec 2017 #4
Wellstone ruled Dec 2017 #5
unblock Dec 2017 #6
KY_EnviroGuy Dec 2017 #16
former9thward Dec 2017 #17
KY_EnviroGuy Dec 2017 #20
LineLineLineLineNew Reply Oh how well I know.
Wellstone ruled Dec 2017 #19
Hoyt Dec 2017 #11
unblock Dec 2017 #7
ProudMNDemocrat Dec 2017 #8
Buns_of_Fire Dec 2017 #9
RandomAccess Dec 2017 #10
BigmanPigman Dec 2017 #12
applegrove Dec 2017 #13
KY_EnviroGuy Dec 2017 #18
KPN Dec 2017 #14
IronLionZion Dec 2017 #15
L. Coyote Dec 2017 #21
applegrove Dec 2017 #22
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