Obama? Not my problem. Bush already got my money. By giving you tax breaks, he took my job. No penalty kept my job from going to China. No reward kept it here either. What was good for you was bad for most, but you got over. Now you worry some clawback is coming. I think so too. Come join us in the world you made. We can't lose what you have. You follow?
Just Google the term: nationalize 401
or merely click on this: http://www.dailymarkets.com/economy/2009/03/19/is-obama-going-to-nationalize-401k-plans/
Obama is listening, watching, plotting and waiting to steal your money.
I have 12,000+ shares purchased at an average of $6.00 while working for the company. These generate $20,000 dividends per year.
This is not the largest of my holdings in any one firm. I'd hate to sell when my average cost is low and the tax rate for dividends is miniscule. Now, if the Bush tax cuts do not get extended and dividends are taxed as regular income, all bets are off.
It sounds like your shares are not in an Ira. If thats true you better start selling now. The tax cuts are not going to be extened and if you wait till the end of the year you will see your prices fall as more and more people start to sell trying to salavage the 5% savings on their capital gains.
I have a few hundred shares of T in an IRA along with many other dividend stocks. I consider T a good "passbook" stock, its like a savings account that has a good yield. You won't make any money in stock appreciation, but the dividend is better than the 3 cents my cash account would pay me over the year.