Hypothetically speaking, say I have a friend who has a 401k plan and is planning to change jobs and companies between now and then. Would one advise him or her to pull the money out, subjecting it to a tax penalty, or put it in the new job's 401k thereby avoiding the tax?
Back to the Rubin article. I found the following paragraph particularly interesting. "'Mr. Rubin has become the market,' one top Japanese diplomat complained the other day during a visit to Washington, arguing that the Secretary's thumbs up or down on Japan's latest economic contortions was the only signal investors were looking for." I thought the beauty of the free market is that it's free of ignorant government prognostications. Hmm.
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