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$250,000 in the 401K. What to do?

How do I take it out without paying taxes (rollover). What should I roll it into? I want out.

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Invest into a recurring sales

Invest into a recurring sales business.

Something that's in high demand,

That will always be in high demand,

And you can adjust your prices quickly.

This way your ability to raise prices quickly can protect you from inflation.

Some sort of financial products or insurance service.

Good luck in whatever you do .lol

I called Euro Pacific Capital today

I was a bit disappointed. A guy called me back from So-Cal. I asked him if they'd help me make a ton of money went the market went down. He said, "we don't do that. We basically shield you against a declining dollar". I asked him about overseas markets and he said that all of the markets are tied pretty tight together now, and their portfolios tank with everyone else's when the world's markets decline. WTH?

He felt that the losses I've had in my 401k over the last 3 months were better than average. What??

Anyone have any experience trading with these guys? I was considering a managed account, but now I don't know.

It is kind of interesting

It is kind of interesting seeing the slide in Gold.

But I can't help but think it'll be temporary.

Remember, right now the world is focused on how GOOD the U.S. is and how bad the Eurozone is. IN a couple of years The Euro could be toast and the Dollar may still be next on the chopping block.

War and natural disaster could become a bigger issue. Another huge, massive bailout of the derevitaves market could destroy the dollar.

I know of no other safe asset to invest in, other than gold/silver/commodities.

Self-Directed IRA

Take a withdrawal, pay the 10% penalty and buy some physical gold and silver. Rollover the remaining balance into a self-directed IRA where you can invest in reputable precious metals ETF's like Central Fund of Canada. Invest whatever you are comfortable with in precious metals mining or royalty stocks. Take a sizable withdrawal every year to minimize taxes in the long run.

 
Freedom, Prosperity and Peace

personally

I would put the majority into silver, it just took the largest dip in over 2 decades, and we know the price is being manipulated. I think that is a pretty sign that something is going to happen soon.

The Abuse of Greatness is when it disjoins remorse from power. - Shakespeare

How do I avoid taxes doing that?

I could see smaller holdings in silver, but it swings hard. And as you stated, it's manipulated.

My question was

will I lose more by taking it out, paying taxes, and reinvesting in PM's or leaving it where it is? I think I made the right choice.

New Hampshire and Ecuador.

I rolled my assets over to Vanguard...

...and have had absolutely no regrets. They are owned by the investors much like the way that a credit union is and they have wonderful brokerage accounts (very low cost) and great mutual fund options. They even have some options that the most dedicated gold bugs would like. Their customer service is incredible.

Personally, I own VGPMX, BGEIX (via Vanguard's brokerage), and several short term and intermediate-term bond funds and am going to put the bond money to work in the coming weeks. I hold my physical gold and silver outside my IRAs and hold some emergency money on their money market funds.

https://personal.vanguard.com/us/CorporatePortal

Update us on what you decide to do and good luck!

Cuimhnigh orm, a Dhia, le haghaidh maith.

I cashed out, paid the taxes, and bought PM's.

I cashed in part of the PM's to relocate to a good survival locale at 6,800 ft. on the equator. Year-round growing season, lots of water, low food and gas prices. Building a house with no insulation, no AC, no furnace and no building permits. Temperature range is 60-80 degrees F. Property taxes $7.66 a year on 25 acres. My few neighbors are highly self-sufficient.

New Hampshire and Ecuador.

gold ira

The only option without taking it out is to roll over into a gold IRA in my opinion. Personally I would just take it out and pay the taxes. Buy an income property or gold. But if you can't fathom taking it out then go with the gold IRA. Cash is trash.

1776>1984

Here are 3 vaulting options for bullion IRAs

http://goldsilver.com/ira/3/

I saw the misinformation below about there only being one place to store IRA metals and felt compelled to lend a helping hand.

I have physically been inside all 3 of these places. I would not go with Sterling or Goldstar as the Delaware Depository Service Company was not very impressive. Too many people holding their metals there... could be a hazard.

Stick with Brink's Salt Lake via American E&T or First State Depository via Entrust.

Regards,

- james

"Freedom on this Earth can only be found within oneself. All the power you'll need is inside - embedded within you."

If you are getting your investment advice from

an online forum, I think you will not long have $250,000 in your retirement account.

"Bend over and grab your ankles" should be etched in stone at the entrance to every government building and every government office.

More like

If I'm getting my investment advice from a broker, I will not have $250,000 for long. Many of these people just want the transaction. You guys have lived on the other side of the equation.

Get out and buy gold

Gold is the anti-government money and it is cheap right now.

My own unschooled, unsure, suspicious critical comments.

Figure out what you want done while you are visiting this world. Figure how these funds might help do what you what done. That way, down the road a stretch, come what may, you made a good effort to make things right.

    "For all the talk you hear about knowledge being such a wonderful thing, instinct is worth forty of it for real unerringness."
    - Tom Sawyer Abroad

To brace yourself as you venture into the world of high finance, realize there is a lot of make-believe to it.

Big Bank Theory: $250 Trillion Teater Totter. JPM BoA GS MS HSBC* Bang! ♖ - Annotated by Mark Twain 09/25/2011

All the Kings Horses v Golden Humpty Dumpty
- Annotated by Mark Twain 8/2011

Best regards.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

SteveMT's picture

Precious metals IRA.

I am using Sterling Trust, and am happy with their service.

Caveat: There is only one vault for all of the PM IRAs in the country no matter what company you decide to go with, and that vault is located in Virginia. Yep, right next to Washington. Should they want to take it, they won't have far to go to get it all.

Incorrect SteveMT - See the Link Below

http://goldsilver.com/ira/3/

"Freedom on this Earth can only be found within oneself. All the power you'll need is inside - embedded within you."

SteveMT's picture

Thanks for the memory jar. There are two vaults for IRAs...

DE and UT. If I had it to do again, I would have checked into American Estate & Trust, LC, since their vault is the only one not in DE. Salt Lake City sounds a lot safer...far, far away from D.C.

Appreciated.

Roll it over

into an Roth IRA using a discount brokerage online and continue to invest it. Right now is an okay buy point into the market seeing the recent downturn and many stocks are undervalued. Just a thought! A great book for a how to on investing would be The Gone Fishing Portfolio by Alexander Green. Good Luck!

As I am oft tempted to judge a book by its cover, catchy title.

"The Gone Fishing Portfolio" Probably something would catch my interest.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

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I know this is about sound money. Dr Ron Paul & he is for it.

Zak Carter presents well about what he has set his mind to do well. I do not recall challenging on veracity of his claims. And I haven't jumped any. I will leave these claims unchallenged as well. Your move.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

The decision is yours in the end ...

... but if you're looking to get out of the stock and bond markets, you can convert it to cash reserves (cash that you can't touch) or simply roll it over to a precious metal IRA. To do this, you need to research and pick a precious metal custodian and contact them. Explain what you want to do and they will send you the forms needed to transfer the assets from your current custodian (American Funds, Fidelity, Vanguard, Charles Schwabb, whomever) to them. You then research a choose your precious metals broker and wait on the rollover transfer to process. Once processed, you tell your precious metals custodian whom you've selected as your PM custodian, and place an order. Within 2 days your PM broker will contact to confirm the order, and presto-fasto, they'll send the metals over to whichever depository that your PM custodian works with. You can't have those PM's delivered to you unfortunately, but hey, at least it's in a tangible asset instead of paper promises based on unpayable debt.

Certainly a good time to take advantage of the dip .. though I would venture to say the fall isn't over yet .. probably heading to mid $20's or so once we test the mid $30s resistance levels. So that'll give you plenty of time to get the process going.

Just my 2 cents .. take it or leave it. Best of luck

What is physically yours but you cannot touch, requires trust.

I am a bit shy in the financial department. I have been swindled, hood-winked, claim-jumped, & worse.

If you buy something such as metal, get an allocated account. Too many pools have little metal flowing in & whatever is left is flowing out. Think of custodians from your schooling days. Some were down right nice. Some were a bit crusty but hard working & honest. Others, you were not too sure about.

Work with whom you trust for good reason. Cross check even what you know to be true.

    "Sir, I have been through it from Alpha to Omaha, and I tell you that the less a man knows the bigger the noise he makes and the higher the salary he commands."
    - "How I Edited an Agricultural Paper," 1870

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Silver is on sale

Gold is too!

Call Peter Schiff...

at EuroPacific Capital. I am sure he would know what to do.

Peter Schiff: well spoken critic of the Fed. Sound money pro.

He writes & speaks often about the foolishness of modern finance, & the necessity for sound money backed by something physical... Something that will hold value. He represents Australian Perth Mint sales in the USA.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

I don't know how you roll it out

but I can say my wife's parents put their 401k into somekind of Edward Jones investment account and are making great money on it. They put in $500,000 and are making like 10% on the money a year. Hope that helps, it seems like a good problem to have though.

Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine

The R3volution requires action, not observation!!!!

Congratulations! You folks are about 3% above their CPI of 7%.

Your folks may be familiar with Shadow Stats which calculates US Consumer Price Index (CPI) the old fashioned way, circa 1990. Our current US CPI is 7%. Your folks receiving 10% may suit them just fine, in the world as they knew it. So long as prices or taxes don't eat away at their calculated gain, they can be thankful.

The current method of calculation US CPI reports only 4%. The difference is explained by calculation subversion which under under reports rises.

Best regards to your folks. Let them know that, as George Burns oft said, "Once you make it to 100, you've got it made... Very few die after they reach 100."

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul