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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75692  
Subject: Re: Rollover OUT of Roth, INTO State Pension Pla Date: 9/20/2012 2:42 PM
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JLC warns,

Right now, what I read about CA is that it has massive budgetary problems. I wouldn't be so sure that in 10-15 years CA retirement pensions aren't cut. Who is to say that CA doesn't file for bankruptcy or defaults? Everything gets cut 20-40%? Who knows?

I would be looking to see if you can get a lump sum payment at retirement. But thats just me. I'd rather have my money in my grubby little hands as opposed to someone elses

</snip>


Interesting perspective. I seem to remember 20-40% loses in privately-managed 401k plans during the waning days of the Bush Administration.

intercst
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