tag:blogger.com,1999:blog-8861605.post7178338370002887337..comments2024-03-24T11:01:27.668-04:00Comments on Resource Insights: Why doesn't the 'long emergency' feel like an emergency?Kurt Cobbhttp://www.blogger.com/profile/05330759091950742285noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8861605.post-33291246469968562312014-07-30T05:09:05.249-04:002014-07-30T05:09:05.249-04:00People will take a major financial hit when they c...People will take a major financial hit when they cash out. I realized that when transferring my 401k to another employer's plan. Took an almost 30% hit from the statement valuation! That's during a week when the market was doing well! It is also before taxes. What this tells me is that this "retirement" system will be dissapointing lots of people!William McCrackenhttps://www.blogger.com/profile/13695377314739491744noreply@blogger.com