I feel kinda funny hoping to loose money, but that's exactly what I've been doing. As I am still on Sabbatical, Somer and I have been looking for ways to supplement our income; emptying old 401k's and 403b's seemed like a good idea considering the failing market and our expectation that the dollar will collapse. Funny thing is: one of Somer's retirement accounts had a stipulation tied to it that said we couldn't access a large portion of the money unless its value was less than $5000. When we started looking into it, the value was running around $5200, so this put us in an interesting situation: we needed to loose money. So, we have been watching for and hoping that the stock market would loose value.
Yesterday, while most folks were probably cursing and angry about the money they were loosing with the DJIA's 300 point hit, we were all excited and happy, hoping that this would be enough to bump us just under the $5000 threshold so we could get our money.
This morning I checked our account, and the value is $13.50 less than $5000, so we're all tickled. Now we have the challenge of actually getting it out before we gain or loose more.
You know, I've always wondered what God does when folks pray against each other. Here I am praying the market will loose value, and most everyone else is probably praying the opposite. I suppose natural consequences favor's my desire outcome. :) For once I benefit for the sins of the state.
By the way, does anybody know who makes these rules about retirement accounts? Is this the state or businesses?