Trad, you p***ssed away 10 percent of the value of your 401k when you took a distribution. Not to mention losing out on the money you could have made on the money you paid in income tax on the distribution.
Personally, I think you're making the whole thing up and you've never had a nickel in a 401k or IRA. But let's suppose you're telling the truth, and you knew the stock market would tank in '08. You took your money out, less 10 percent and taxes, let's say less 30 percent. You then put it in an interest bearing account, earning maybe 2 percent interest. So four years later, you have about 76 percent of what you started out with in your 401k. The only difference being it is has now already been taxed. Which won't do you much good if the leading GOP candidates have their way and abolish capital gains tax.
Now let's say you left it in and the market tanked. Well, the market is back about where it was before, so you really wouldn't have lost any money if you had left it in.
But why didn't you simply do a rollover to an interest-bearing IRA? That way you would have preserved your capital without being hit by taxes and penalties. That brings me back to my original point: You never had any money in a 401k in the first place, otherwise you would have known that. Or at least someone smart enough to predict the '08 market collapse and the rise of silver would have known.
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