Let's Say you've got 15-20k in an IRA....the economy is about to tank...sooooo

Can't eat Gold

What do you think will happen will make your
Decision.

Small gold coin

Stock up

Think about no Wal Mart

No Dr

Limited water

How far you want to take it?

Thanks for the reply. I already have food and water for a couple of months. Now I'm just trying not to lose what little savings I have.

We'll it really depends on what capital controls TPTB might implement if the economic SHTF happens.

For example, you may not even be able to take out your IRA, or they may institute a higher tax penalty for taking it out early.

What if they confiscate gold like FDR did in the 30's?

I understand

It's a hard call

I cashed out and bought investment grade
Diamonds and gold coin.

Land and assets I needed

I have cash 5 10 and 20s in about 10 locations
But in no bank.

It's still a hard call.

Or seize the IRA's and 401K's and issue you treasury bonds, which has been suggested!!!

Yeah it is a tough call. What about investing in Swiss Francs? Any thoughts on that?

You'll end up with about half...you should already have an emergency fund and cash on hand, let the tax deferred accounts ride.

Buy Dinars and you will be rich soon.. NOT!

Buy land with natural water on or close to it.
The mountains are the best.

Invest in good seed stock (to include medicinal herbs) Learn natural ways and live as close to the land as possible.

Change your asset balance.
Move it to commodities and currency ETF's.

I am trying to find out if it is true that if you buy foreign coin (say Canadian Maple Leaf instead of US gold Eagle) that your money will be safe from being confiscated by the US gov't??? Anyone know?

Ok, what is the advice NOW? With all that has gone down since this thread started, what do you all suggest?

Those of you with IRAs and 401Ks, are you letting it ride?

Taking an early withdrawal on all or part?

Still deciding?

What?

Very interested in opinions/advice!!!

I know this is weighing on your minds. Come on!!

INPUT PLEASE.

...

Anyone??

dont buy gold, you cant eat gold its useless

I can't cash out my 401k until I leave my job. I looked at it. The chart has 3 lines.

Bottom line - My contribution - Say $10k
Middle line - Employers contribution - Say $3k
Top Line - Total amount in fund - Say $16k

The extra $3k from the top line is pure gain from investments over 10 years.

Now if you take the money out of your 401k, you get taxes, fees & penalties. (oh my!)

Taxes
I was going to get taxed on that $10k anyway. Whether it's 25% now or 25% when I made the money is irrelevant.
My original $10k will only be $7500 after taxes.
[25% of $3k employee match = $750] + [25% of $3k of profit = $750] = $1500 more in taxes
Total cash available after taxes for me: $12,000

I'm still $2000 ahead of my original contribution.

Fees & Penalties
This is usually around 10% and usually calculated prior to any taxes taken out. So my $16k is assessed a $1600 fee.

[$2000 ahead] - [$1600 fees] = $400 profit

Conclusion
1. You don't come out ahead, but you DO come out even (or slightly ahead) as if you never participated.
2. You can attempt to reinvest your cash into some other investment (precious metals, real estate, lead, etc.)
3. May get a piece of mind knowing that you won't lose out on all your money like you did in 2008 and you've waited 5 years to recover from.

Thank you!! Yes, 2008 was brutal.

am letting mine ride while the market is good, but i had moved to a state that has no state tax, so when i do close it out..I will not have to pay state tax on it..at least that is how i think it would work.


Not much in there now maybe 60K, if taken out early i figure maybe a loss of 40% of it.

Any other tips to close this baby down with out getting nickel and dime to death?