Latest Coronavirus - Yikes

[W.TN.Orange Blood]

Not if that life is raped, tortured, and murdered by an illegal alien. That one life is unimportant to them.

That's step #2 in the Dems playbook.....cares more for the illegal aliens than their own American people.

 

[allvol123]

We've given control of the country over to people who believe it is their duty to save every life. As physicians that is not a poor belief. Giving them the reigns to the country is the poor move here.

 

[lawgator1]

Has there been any discussion of lifting the penalty for people who need to tap their 401k prior to retirement? For many of Americans, that's where their wealth is.

I suppose allowing people to do it in a pinch would be appealing but 1) you'd be sucking dollars out of the market when it needs it, and 2) people would be cashing out of securities at the worst possible time for their value.

Would rather see the government find a way to do no interest loans for 60 days.

 

[W.TN.Orange Blood]

Communist Bernie has no chance in the Florida primary.....O'Biden 61.0% .... Sanders 22.7% w/76% reporting.

Biden projected to win Florida and Illinois primaries, with polls set to close soon in Arizona

 

[newyorkvol]

Why would you be interested?

Sorry
....to see if they do.

 

[evillawyer]

Smart. Needs to be a limited window of opportunity though.

In fed service we can tap into ours and pay it back via deductions from paycheck with 2% interest. I've never done it but I've seen dummies do it to buy boats and cars..

Some small window of 6-9 months. A limited amount based upon some showing of need.

 

[Orange_Vol1321]

 

[evillawyer]

I suppose allowing people to do it in a pinch would be appealing but 1) you'd be sucking dollars out of the market when it needs it, and 2) people would be cashing out of securities at the worst possible time for their value.

Would rather see the government find a way to do no interest loans for 60 days.

How much of the market is individual 401ks? Betcha it's pretty small. The real money is large institutional investors (pension funds and the like).

 

[VolStrom]

Some small window of 6-9 months. A limited amount based upon some showing of need.

You do realize that most people can't retire as it is and you want to make sure even more can't by making their retirement nest egg an emergency fund?

 

[DynaLo]

Well duh. Obviously...since businesses are shutting down for a while.

Good news though, that new Bill, if unchanged from the House, eliminates the 7 day waiting period during the declared Fed Emergency.

 

[VolnJC]

completely not ok. I can’t believe they’re even discussing it. Way over the line.

This is how we ended up with the Patriot Act

 

[golfballs]

Smart. Needs to be a limited window of opportunity though.

In fed service we can tap into ours and pay it back via deductions from paycheck with 2% interest. I've never done it but I've seen dummies do it to buy boats and cars..

At least people would be able to have access to and spend their own money at their own discretion instead of some bureaucratic boondoggle of a spending bill.

 

[VolStrom]

How much of the market is individual 401ks? Betcha it's pretty small. The real money is large institutional investors (pension funds and the like).

You are a financial idiot. As the old saying goes, it's best to remain silent and look like a fool than open your mouth and remove all doubt.

 

[W.TN.Orange Blood]

Stupid Dem Congresswomen ........ there's no stopping idiot people w/their own asinine agendas.

Pressley, Warren say next coronavirus spending package should include student debt cancellation

 

[37L1]

What a difference in approach and presentation.

 

[evillawyer]

You do realize that most people can't retire as it is and you want to make sure even more can't by making their retirement nest egg an emergency fund?

Homeless or retire in 25 years? What's more important right now?

 

[VolStrom]

Stupid Dem Congresswomen ........ there's no stopping idiot people w/their own asinine agendas.

Pressley, Warren say next coronavirus spending package should include student debt cancellation

Sounds great, only if I can take a second mortgage on my house for a $100k and apply it towards a Liberty tax accountant degree and get reimbursed. What's the difference between that and a Norwegian sardine cannery degree offered at UMass?

 

[carlos86]

 

[W.TN.Orange Blood]

Thanks to her kids playing w/the toilet paper.......throwing all of it in the bath tub full of water......

Mom's toilet paper stockpile ruined by playing kids, image shows

 

[VolStrom]

Homeless or retire in 25 years? What's more important right now?

Oh I don't know, maybe using unemployment benefits and eating beans and rice for a few weeks.

 

[vols4sure]

A couple of hours later and they’ve figured out that closing a golf course for social distancing is a little on the goofy side. They’re closing the clubhouse but leaving the pro shop and golf course open for now.

We are walking only. No carts

 

[evillawyer]

You are a financial idiot. As the old saying goes, it's best to remain silent and look like a fool than open your mouth and remove all doubt.

401ks are about 19 percent of the RETIREMENT funds in the market (not total market). Those who would be tapping into it would be on the poorer end.

ICI - 401(k) Plan Research: FAQs

 

[joevol33]

 

[Zues1]

I ask this in the Pub thread as well. No reply. This was mentioned on Late night tv as a possible temporary solution. If this has already been discussed I apologize.Drugs & Medications Hydroxychloroquine

 

[DynaLo]

Stupid Dem Congresswomen ........ there's no stopping idiot people w/their own asinine agendas.

Pressley, Warren say next coronavirus spending package should include student debt cancellation

Oh ffs...just freeze required federal student loan payments for a few months with no interest. Lower the business bailout gazillions to cover lost revenue.