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View Poll Results: Should Obama remove the 10% penalty for early withdrawal of IRA funds?
NO 7 14.89%
YES - for those making under $50,000/yr 7 14.89%
YES - for those making under $100,000/yr 22 46.81%
YES - for those making under $500,000/yr 11 23.40%
Voters: 47. You may not vote on this poll

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Old 02-07-2009, 09:09 PM
 
Location: Western Hoosierland
17,997 posts, read 9,033,237 times
Reputation: 5943

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Quote:
Originally Posted by freefall View Post
It will free up a lot of money.

I would be in favor of it

 
Old 02-09-2009, 01:08 PM
 
2,541 posts, read 2,734,683 times
Reputation: 492
I have my eye on a new Hummer. LOL!
 
Old 02-09-2009, 05:56 PM
 
4,538 posts, read 4,803,215 times
Reputation: 1549
Quote:
Originally Posted by KevK View Post
I dunno if I like that or not. Maybe just for this year only it might be OK to draw out no more than a certain percentage.
The Repubs are crying that we will have to borrow money from China to pay for the stimulus. Well, we have been borrowing all along to blow up Iraqis, so why not to create jobs for Americans? What I like about releasing the IRA funds is that it is pure spending - no borrowing, so if you invest wisely, like in real estate that NEEDS to be bought up, it's a win-win-win (investor-Government-banks).
 
Old 03-02-2009, 07:42 AM
 
2,541 posts, read 2,734,683 times
Reputation: 492
Quote:
Originally Posted by gdude View Post
I would be in favor of it
If Obama did it I would pick up a $15k ghetto house right away and will hold it for the future, any rent is a plus
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