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Should I Cash in My Retirement Post Election?

Discussion in 'Political Issues' started by Flying-Dutchman, Nov 8, 2012.

  1. Glock20 10mm

    Glock20 10mm Use Linux!

    It takes substantial capital to get there, but once off grid and set-up it's pretty easy. You have to make some adjustments but most are minor changes in habits.
     
  2. ray9898

    ray9898

    14,122
    1,325
    May 29, 2001
    Georgia
    I would cash it in any buy cans of Spam. The bartering ability when the sky falls will be amazing.
     


  3. Carrys

    Carrys Inquisitive

    13,123
    5
    Dec 28, 2006
    Green Country


    Only two types of people in the US, those who want to drink the milk for free.......

    ........and the milk cows.


    We have been shown which group is larger.


    My only happy thought, one day.....maybe a long way off, I don't know....but one day the milk will dry up. Then our society will see the milk drinkers for the infection they are. I'll be gone, but I'll go understanding our society will eliminate the infection.

    My job now......forget about my Country during the life I have left , I've sacrificed enough of my body, been wounded enough, and worked as hard as I could to prevent the change in paths we've taken. My job now is to ensure my family will/can make it when wqw turn into Greece, which we most certainly will. Can't go any other way now, can't.





    How so?

    In the one event people followed the direction of someone, someone they've learned to let lead them because they didn't want to lead themselves.

    In this case it's one person wondering if he should do something he himself thought of.


    Pretty weak reach there my man.:wavey:
     
    Last edited: Nov 8, 2012
  4. walt cowan

    walt cowan

    10,771
    1,363
    Feb 18, 2005
    Absurdistan
    transfer it to an offshore account. iceland seems to have their banks in order.
     
  5. unit1069

    unit1069

    8,128
    169
    Oct 10, 2007
    So. Central US
    Why can't you just sell the investment portfolio and keep cash (or cash equivalent) within the SEP IRA to avoid the penalty?
     
    Last edited: Nov 8, 2012
  6. briarpatch

    briarpatch

    788
    96
    Jan 14, 2005
    florida
    I think a lot of people on both sides of the political isle have wondered about this. The answer seems to be.. do what you think best. If you ask you will get nothing.
    The economy is not sound, neither is most other countries.
    To me if your money is not safe where it is, would it be safe else where. I dont know.
     
  7. Flying-Dutchman

    Flying-Dutchman

    5,758
    267
    Oct 10, 2007
    "It is easier for a camel to go through the eye of a needle than for a rich person to enter the kingdom of God.”

    No need for money if the world ends so they didn't think it through.

    My decision will not be emotion driven as I have stayed the course through ups and downs but I wonder about keeping it in 10-20 more years as I do not see this ending well.

    And it will only get more costly to withdraw it in the coming years as the Government and its voters are hungry for money.
     
  8. Flying-Dutchman

    Flying-Dutchman

    5,758
    267
    Oct 10, 2007
    What to do with it is a problem. What is a safe bet anymore?
     
  9. That's all good, but don't forget to file an FBAR with the treasury dept if it's over $10K in value. Penalties for not complying can be a ***** when they catch you.
     
  10. Lowjiber

    Lowjiber

    941
    1
    Jan 26, 2012
    Las Vegas
  11. I'll hold it for you.

    :tongueout:


    Seriously, I also don't know what's safer: under the mattress until inflation returns and destroys it, or invested in any institution where the government will "borrow it."

    I hope my after-tax Roth 401k will be safer than my traditional pre-tax 401k; that was the deal, anyway.

    I'm tempted to take the sudden tax hit now and convert the balance to after-tax Roth, under the assumption that I can then live tax free when I retire. How naive is this?
     
  12. sheriff733

    sheriff733 NRA LIFE MEMBER

    2,769
    0
    Nov 4, 2007
    I can't believe that some of you actually think buying gold is a good idea. I'm hoping I'm just not reading the sarcasm, but good lord, buying gold right now might be the dumbest thing I've ever heard.
     
  13. cowboywannabe

    cowboywannabe you savvy?

    21,437
    5,107
    Jan 26, 2001
    this. Germany is finding out what a poor holder of gold we are when they wanted to inspect their stash of it here and we denied them access to their own gold for "security reasons".
     
  14. Averageman

    Averageman

    2,012
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    Oct 22, 2011
    Staying in my 401K and buying cheap, watched the market fall 400 in the last couple of days.
    I dont need the money until 2025 so I have faith that after we collectively come to our fiscal senses I will be better off for staying in the game.
     
  15. Longtooths

    Longtooths

    1,147
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    Jul 10, 2007
    Wylie, Texas

    Are you saying this because of how high it is now that it will only go down from here?
     
  16. Wow. You really have no idea what is coming do you?

    Tell me what asset class is going to outperform gold over the next decade then.
     
  17. sheriff733

    sheriff733 NRA LIFE MEMBER

    2,769
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    Nov 4, 2007
    Well, it's extremely high, yes, but who knows about the future price.

    I say that because GOLD DOES NOT HAVE VALUE. That's right. It does not.

    Let me explain.

    Gold is a commodity. It's only worth is what two people fighting over it will pay for it. If all of a sudden gravel rocks were a highly sought after item, we'd be paying through the nose for it too. The only value gold has is whatever another person deems it to be worth. That's a hell of a risky investment.

    Gold is based on supply and demand. As you know, things that are based on supply and demand fluctuate in value. When things get really bad, it'll be just as valuable as the piece of green paper in your pocket.

    It's all an illusion. Gold's value is not based on math. It's based on someone's opinion, and no way in the world would I bet my way of life on another person's opinion. I would advise you to do the same.

    :wavey:
     
    Last edited: Nov 9, 2012
  18. sheriff733

    sheriff733 NRA LIFE MEMBER

    2,769
    0
    Nov 4, 2007
    Well, buy some gold then. In the short term, you may do ok. Long term you will lose your shirt.

    But, do as you wish.

    :wavey:


    Posted using Outdoor Hub Campfire
     
  19. Atlas

    Atlas transmogrifier

    12,512
    11
    Oct 1, 2001
    north of the equator
    Of course it is...


    That makes no sense at all.


    What in this world is worth other than what someone's opinion dictates? Isn't that what makes a market?


    What isn't based on supply and demand?
    What does not fluctuate in value?


    Because human nature as demonstrated thru all of human history will have suddenly and totally changed?
     
    Last edited: Nov 9, 2012
  20. Carrys

    Carrys Inquisitive

    13,123
    5
    Dec 28, 2006
    Green Country


    I let you explain.

    You came up short.

    See ya.:wavey: