401k question

[SWBTATTReg]

9. My broker said that it was better to wait until things shake out until after the elections

November 2020, so I'll expect that a lot of people will be sitting on the sidelines until the POS is gone. Which is fine w/ me, I didn't really want to do too much anyways with my stock positions (leave alone) AND some of the stocks are paying pretty decent dividends (I had looked earlier this year/late last year, there wasn't really very many stocks w/ a decent rate of return on dividends, and w/ the trump downturn in the markets, some of these stocks are getting better priced / thus resulting in a better dividend rate for your positions.).

Good luck! One thing to remember, is that this is for the long term (it's a 401K), and the money / funds invested in 401Ks will have to stay in the 401K until you are of age (59.5 years of age or older I think). If you withdraw early, you'll have penalties.

There has been talk to eliminate 401K programs by the Congress (the republican controlled Senate) since they're (ironically enough) trying to scrap up money (in effect stick it to you and I and not their billionaire buddies) to 'pay for things'.

In my humble opinion, why don't they rescind the tax cuts of 2017? This would be one way to pay for the massive federal debt caused by the 2017 tax cut and jobs bill (ironically laughing here since rump wiped all of the jobs out all by himself and his actions), but they won't, being that this unneeded bill was to reward their donors.