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Take Your 401k With You ...Or Live To Regret Leaving It

Jobs are being eliminated in record numbers and it's taking about 3 times longer to find another job. While we all hope the economy turns around soon, there's no guarantee that it will. In the meantime, it's important that you do what is in your best interest ... in other words, make it a priority to maintain control of your retirement savings. Leaving your money in the 401k of a former employer is VERY risky and I strongly advise against it. Want proof? Remember the 2 Trillion dollars that evaporated from 401ks last year? A significant amount of that lost money came from 401k accounts sitting unattended at former places of employment. Remember Enron? Hopefully the Georgia-Pacific execs are more scrupulous than the Enron guys, but is that really a chance you want to take with your retirement security?! Instead, I'd suggest that you roll it over into a self-directed IRA which would protect your savings and provide more flexibility in investment options. For more information on how to do this, just send an email to Liz@401kCaptain.com and ask for the FREE REPORT called "Simple 401k Rollover Strategy". Now, for anyone considering tapping into their 401k to cover their monthly expenses ... don't do it unless there's no other choice ... but if you must, then do so wisely. There is a way to legally avoid the costly tax penalties of accessing your 401k before retirement. For more information about how to do that, just e-mail Liz@401kCaptain.com and ask for the free report called "401k Smart Access Strategy".

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