[widgeon13]

It's unfortunate posts like this always escalate into pissing contests, guess that's the way it is on the internet.

This is a good post (question) and one that should be important to many people. From my perspective the 401K is on of the best savings and investment opportunities in modern time. It gives the opportunity to reduce AGI, in some cases get matching funds from your employer and accumulate interest, tax free. I suppose there are some downsides but they are very few.

What troubles me here is that if one can read, it is very simple to go to the IRS website (or other advice sites) and get many answers or at least a fundamental understanding of what is required of an individual (on all 401K issues). Just GOOGLE the freaking subject and there is more than enough information. While I find PPOT informative and entertaining, it's the last place in the world I'd come for financial advice.

Remember what they say about opinions, they're like *********S, everyone has one. No offense.

With SS and retirement funds being abused today the 401K is a vitally important retirement tool, think seriously before you do anything with it, check twice, the cost of a mistake is very significant. The more liberal the laws become regarding 401K's the more abused they will become as well, that just means more tax $$$.