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Uneasy feeling are spreading

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  • cwconnertx
    replied
    Originally posted by Skyowl's Wife View Post
    So, Mr. Econ ;), when should I cash in my 401K? I think they are going to steal them.

    Figure that when I do, will use it to finish stocking my pantry and lay in more guns and ammo as my future coin of the realm.

    Advice?
    2 years ago like I did. Other than that, it really depends on your situation.

    I moved it all to FDIC insured funds until I finished my bankruptcy, then took out 25k and invested it in firearms, security systems, freeze dried food, ammunition, supplies, and getting my daily driver in top condition.

    The remainder i transfered to a self directed roth IRA, and left some in a rollover IRA, which has 45k left, 5k I am moving to a roth and the other 40k I am moving into my name so I can get the interest payments paid to me instead of leaving them in the ira, its about ~400/month

    I am going to invest the roth IRA in a piece of real estate. I believe inflation is nearly inevitable, and for now I can rent out the property and later if the worst comes it is 5 rural acres, which I can use myself.

    I think everybody that can take their 401k ought to consider moving it to a self directed IRA account and investing it in real estate or other real assets. You can invest an IRA in almost anything, except collectibles, life insurance, and S-Corp stock. You can even invest in gold, but can't take physical delivery, they store it in a vault for you. I don't suggest doing that since there is little to guarantee you can get the gold if SHTF.

    Leave a comment:


  • Skyowl's Wife
    replied
    So, Mr. Econ ;), when should I cash in my 401K? I think they are going to steal them.

    Figure that when I do, will use it to finish stocking my pantry and lay in more guns and ammo as my future coin of the realm.

    Advice?

    Leave a comment:


  • Skyowl's Wife
    replied
    Originally posted by cwconnertx View Post
    From my observations people are just getting a little nervous.
    About damned time! They should be a LOT nervous!

    Leave a comment:


  • brightstar
    replied
    Yeah I can appreciate people getting 'nerveous'. With all of the criminal activities coming out of Washington DC it is enough to make anyone nerveous. Me personally, I am more than nerveous cause these elected idiots are ursurping our Constitution to shreds and it ticks me off big time.

    brightstar

    Leave a comment:


  • cwconnertx
    started a topic Uneasy feeling are spreading

    Uneasy feeling are spreading

    I just got this in an email, nothing special.

    But I have gotten several phone calls from people I know asking aboutthe economic crisis (I have an economics degree)

    I have gotten calls from a lot of people asking about guns as well (people know I am into shooting)

    None of these people would be considered particularly paranoid, alert, or survialist, just your average person. From my observations people are just getting a little nervous.
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