General Discussion

Wellstone ruled

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6. If you do not have what is referred to as

Fri Dec 9, 2016, 08:09 PM

Dec 2016

ability to change asset classes within your 401k on short notice,you have to plan ahead or start contacting the plan Administrator and safe Harbor your investments.

We update our IRA sell orders daily,when we notice the market is about to take the crap,dump and convert to all cash. Learned our lesson in 2006 with Lehman. Hopefully these suckers do not trash the market on Saturday and Sunday again.

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What are you going to do to protect yourself from the impending financial meltdown? [View all] boston bean Dec 2016 OP

Most people have very little in personal savings. guillaumeb Dec 2016 #1

many people have a 401K. If they do, they ought to be doing something very safe with their $$. boston bean Dec 2016 #2

I inherited my Mother's house and wanted to take a loan to convert it into a duplex kimbutgar Dec 2016 #3

buy seeds and dig a bucker juxtaposed Dec 2016 #4

Dig a what? pinboy3niner Dec 2016 #9

no bunker juxtaposed Dec 2016 #14

DUzy! (eom) LearnedHand Dec 2016 #49

I paid off my debt & retiring next week gwheezie Dec 2016 #5

congratulations!! handmade34 Dec 2016 #15

Good for you, gwheezie! brer cat Dec 2016 #21

If you do not have what is referred to as Wellstone ruled Dec 2016 #6

I'm dead broke, so i'm in great shape! bluedigger Dec 2016 #7

I am very worried about my retirement funds (401k) etherealtruth Dec 2016 #8

I know.. it's like being in a rock and a hard place... boston bean Dec 2016 #35

48, my gut tells me that anyone under 50 is royally screwed. sarcasmo Dec 2016 #47

Nothing Zing Zing Zingbah Dec 2016 #10

I will probably stay the course. I have a 40% allocation in the stock market doc03 Dec 2016 #11

allready done handmade34 Dec 2016 #12

I'm in good shape pinboy3niner Dec 2016 #13

I think the stock market edhopper Dec 2016 #16

Where is a safer environment? I'm asking seriously. Squinch Dec 2016 #17

completely out of the stock market, into a place where I can live forever without paying for housing boston bean Dec 2016 #19

Oh! I was thinking of something like that. Squinch Dec 2016 #22

I am so scared squinch.. if they start doing shit the day of inauguration anything could set off a boston bean Dec 2016 #23

I'm pretty terrified too. We do know disaster's coming, and when it does there'll be no Squinch Dec 2016 #26

It is frightening. I always say better to be safe. boston bean Dec 2016 #29

I think this is a good idea. Squinch Dec 2016 #30

I can't avoid paying rent, but some years ago I got a rent reduction pinboy3niner Dec 2016 #24

I am one of the people who Doreen Dec 2016 #18

I am sorry doreen. Even with the little bit I have, i am extremely vulnerable as well. boston bean Dec 2016 #20

I am scared to death. Doreen Dec 2016 #25

Oh, Doreen. I'm so sorry. Squinch Dec 2016 #27

I'm so sorry for you as well...... a kennedy Dec 2016 #37

Same here. I'd invest in prayer, but the ROI ain't so hot GliderGuider Dec 2016 #28

My family has a contingency plan gwheezie Dec 2016 #39

It is good to have a strong family. Doreen Dec 2016 #41

I've been thinking about putting my house on the market soon, Island Blue Dec 2016 #31

Don't forget the market can stay irrational taught_me_patience Dec 2016 #32

I agree. that is why I think having a place I own outright is best. boston bean Dec 2016 #33

I agree. We are paid off. we can do it Dec 2016 #45

In the words of the great sage Al Czervic Warren DeMontague Dec 2016 #34

I am thinking paying off my house and always having a place to call home... boston bean Dec 2016 #36

Probably not a bad idea. Warren DeMontague Dec 2016 #40

Bonds and short-term Treasuries Auggie Dec 2016 #38

Another good idea. we can do it Dec 2016 #46

I can't do much ismnotwasm Dec 2016 #42

Weirdly, Bitcoin... Just ask the people in India and China who are driving the price up right now. JCMach1 Dec 2016 #43

Moved everything out of the market Kilgore Dec 2016 #44

I am still trying to recover from the previous meltdown dixiegrrrrl Dec 2016 #48