Don’t Cash in Your IRA or 401k
February 12, 2013 in Economics
You don’t need to cash in your IRA or 401k to get the money in your hands. You will incur income taxes and a 10% penalty if you are under 59 1/2. This can amount to a hefty sum. Don’t do it. Instead, set up a 401k with you as the Trustee, Custodian, and Administrator. I speak from experience. I did it four years ago. I can help you do it too.
You’ll have checkbook control and be able to loan yourself money out of your 401k without asking permission. You’ll be able to buy gold or silver or property with YOUR savings. After all it is YOUR MONEY! This is completely legitimate and legal.
You can use your retirement money to buy a survival retreat in this country or any other that you choose. This enables you to diversify out of the dollar and paper investments.
Let me know if you need help.