So do we jump back in the market with our 401`s?

[hollysmom]

18. These are bank CDs

For some reason people don't seem to know about this and this includes the people in the banks, If they say it is not so, you have to have them call their retirement department.

My sister, the CPA, never heard of this either and did not believe me until she went to her bank and they allowed her to change hers. Right now pretty much all of managers of the banks in my city (all of which I have one or more accounts at) know about it. One person told me, and then I checked with each of my banks to verify. It is not a state rule because people in NY and North Carolina have also checked.

I don't know the name for the rule. I can call the bank and ask tomorrow if you want. All I know is that it works and is federal. As I said, don't take my word for it, check with your bank and if they never heard of it, have them check with their retirement department. It works for my IRA, SEP and KEOGH accounts.