Comments on: I Need Money! Should I Cash Out My Retirement Plan? http://biggsuccess.com/2008/07/21/i-need-money-should-i-cash-out-my-retirement-plan/ Life On Your Own Terms Mon, 13 Feb 2012 00:01:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: George & Mary-Lynn http://biggsuccess.com/2008/07/21/i-need-money-should-i-cash-out-my-retirement-plan/comment-page-1/#comment-19917 George & Mary-Lynn Mon, 29 Nov 2010 21:45:14 +0000 http://biggsuccess.com/?p=1059#comment-19917 Hector - You raise some interesting points. Keep in mind this was written early in this down cycle. People did respond, appropriately we think, by cutting back wherever they could - including eating out less. This was the result of an unsustainable amount of consumption leading up to it. It is - and should be - less costly to buy your dinner at the grocery store than at a restaurant. Of course, your time is worth something as well. If you can afford to pay someone else to do your shopping and cooking, by all means - go out to eat! Hector – You raise some interesting points. Keep in mind this was written early in this down cycle. People did respond, appropriately we think, by cutting back wherever they could – including eating out less. This was the result of an unsustainable amount of consumption leading up to it. It is – and should be – less costly to buy your dinner at the grocery store than at a restaurant. Of course, your time is worth something as well. If you can afford to pay someone else to do your shopping and cooking, by all means – go out to eat!

]]> By: HECTOR MANUEL PAGAN SERRANO http://biggsuccess.com/2008/07/21/i-need-money-should-i-cash-out-my-retirement-plan/comment-page-1/#comment-19902 HECTOR MANUEL PAGAN SERRANO Sun, 28 Nov 2010 17:51:50 +0000 http://biggsuccess.com/?p=1059#comment-19902 Your article is really interesting but in my opinion is also very misleading. Why? You claim that people are thinking and going about the hard times in intelligent ways. You speak about people eating out less etc. That is also obvious in regards to hard times but what you failed to disclosed is two things. People eating less out means lost of jobs in many sectors. The restaurant business unlike many people think is more than just food and involves a huge spectrum or related restaurant and food businesses. That means if people eat less out then in one hand the grocery store and whole sale grocery businesses that are owned by some of the very same people whom have brought to us the financial mess we are in will continue to make more money at our expense and many people will be out of jobs because people like you think that eating out is bad business. Also in a coming collapse of the United States currency etc. What good is for people to have money on retirement accounts when the money will not be there on such circumstances and also when is a fact that our USA dollar is getting ready to be worth 50% less in the next coming months? Your article is really interesting but in my opinion is also very misleading. Why? You claim that people are thinking and going about the hard times in intelligent ways. You speak about people eating out less etc. That is also obvious in regards to hard times but what you failed to disclosed is two things. People eating less out means lost of jobs in many sectors. The restaurant business unlike many people think is more than just food and involves a huge spectrum or related restaurant and food businesses. That means if people eat less out then in one hand the grocery store and whole sale grocery businesses that are owned by some of the very same people whom have brought to us the financial mess we are in will continue to make more money at our expense and many people will be out of jobs because people like you think that eating out is bad business. Also in a coming collapse of the United States currency etc. What good is for people to have money on retirement accounts when the money will not be there on such circumstances and also when is a fact that our USA dollar is getting ready to be worth 50% less in the next coming months?

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]]> By: steven wood http://biggsuccess.com/2008/07/21/i-need-money-should-i-cash-out-my-retirement-plan/comment-page-1/#comment-7398 steven wood Thu, 19 Feb 2009 00:23:03 +0000 http://biggsuccess.com/?p=1059#comment-7398 How do I cash out my retirement plan (from a company I worked for for 17+ years, and I am over 58 years old) instead of receiving a monthly payment? I was terminated from that job in 1999, but only learned that I had money coming from that company 6 weeks ago. I am currently working at another company. Do you have any advice on this. I would like to discuss this with someone ASAP. Perhaps you might have some suggestions. Thank you. How do I cash out my retirement plan (from a company I worked for for 17+ years, and I am over 58 years old) instead of receiving a monthly payment? I was terminated from that job in 1999, but only learned that I had money coming from that company 6 weeks ago. I am currently working at another company.

Do you have any advice on this. I would like to discuss this with someone ASAP. Perhaps you might have some suggestions.

Thank you.

]]> By: Bigg Success » I Just Got Laid Off - Part 1 http://biggsuccess.com/2008/07/21/i-need-money-should-i-cash-out-my-retirement-plan/comment-page-1/#comment-7000 Bigg Success » I Just Got Laid Off - Part 1 Thu, 05 Feb 2009 17:49:20 +0000 http://biggsuccess.com/?p=1059#comment-7000 [...] Resist the urge to cash out. You may feel stressed about money. We’ll talk about that more in an upcoming show. The Wall Street Journal reported that 40% of workers in their 20s and 30s cashed out their 401(k) when they changed jobs. As we discussed this on a previous Bigg Success Show, this may be a costly decision. [...] [...] Resist the urge to cash out. You may feel stressed about money. We’ll talk about that more in an upcoming show. The Wall Street Journal reported that 40% of workers in their 20s and 30s cashed out their 401(k) when they changed jobs. As we discussed this on a previous Bigg Success Show, this may be a costly decision. [...]

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