| |
  
|
||||||||||
Where Should The 401 Go To
Submitted by rdp on Fri, 03/06/2009 - 08:55
I HAVE SEVERAL FREINDS WHO SAY THERE 401S ARE CRASHING AND WANT TO PUT THEM IN SOMETHING ELSE,IM NO FINANCIAL ADVISOR BUT I TOLD THEM THEY NEED TO FIND SOMETHING THAT INVEST IN GOLD, SILVER,FOREIGHN CURRENCYS, AM I ON THE RIGHT TRACK WITH THEM AND WHO AND WHAT SHOULD THEY TRANSFER TO? » |
|
|||||||||
The Daily Paul is a community website with no official affiliation with Ron Paul or his Presidential Committee. The content of posts and comments on the Daily Paul represent the opinions of the original poster, and are not endorsed, approved, or otherwise representative of the opinions of the Daily Paul, its owner, site moderators or Ron Paul. This site may contain adult language and adult concepts. If you are offended by such content, or feel you may be offended by such content, point your browser to a different site IMMEDIATELY. For more, read the Full Disclaimer
© 2007 - 2011 by The Daily Paul. Not paid for by, nor officially affiliated in any way with Ron Paul. | General Site Disclaimer | DMCA Disclaimer | Advertise here
They should look into their company's 401k plan and invest in
The most conservative money market funds. Unfortunately some employers 401ks do not offer a real conservative money market fund, and your friends can thank them for their lack of foresight if that is the case.
Fortunately my employer has a Treasury money market fund so I stopped the bleeding one year ago and went all in (that is, all out of the market). However, they have since closed the fund to new investors and even closed the fund to new contributions because everyone was flocking to it (flight to safety).
They need to stop panicking and actually look at what funds their 401ks offer and switch to the most conservative funds, that is, restructure. This is not rocket science, it is simply a moral imperative to protect what is rightfully yours.
=======
"The consolidation of the states into one vast republic, sure to be aggressive abroad and despotic at home, will be the certain precursor of the ruin which has overwhelmed all those that have preceded it."
- Robert E. Lee, 1866
=======
RON PAUL 2012
I can roll over
I am doing a self directed IRA thru Sterling Trust purchasing gold and silver and letting it ride !!
"Obamney care," Nuff said.
It depends.
If they are still working at the company they have the 401K with, the only option is to cash out with penalties approx 30%. Then they can buy PM's, food, etc.
Since I left the company I had mine with years ago, I was able to roll it over from Fidelity to Europacwith no penalties/fees.
My ideas.
I'm no financial "expert" and don't want to be. But, after buying AU or AG I'd by food and real estate. The "real estate" is the important purchase.
i don't know about that...
if you purchase land by conventional methods it's not "yours" anyway. your land is owned by the state.
it can be taken from you. the so called "owning" land is not security to me.
Ron Paul is my President
Ron Paul is My President