401k

Results for 401k

Withdrawing 401K

Hi all - I have a question about withdrawing 401K. I have worked in the US for 4 years and have about 30K in my account. I am thinking of withdrawing my money from 401k and I know everyone will scream no but please read below to see if it makes sense ...

Forum topic - eakgul - Feb 22 2012 - 9:49am - 3 comments

Starting a new job - 401K vs. physical PM

Hello all.  First thanks to all who contribute to this site.  I browse when I can and find the info to be quite helpful and insightful. I'm starting a new job soon and am wondering about the best way to take advantage of my benefits.  I'm ...

Forum topic - dschroeder01 - Jul 6 2011 - 11:44am - 2 comments

Worth it to borrow against 401k?

Hey guys, I had a couple of questions, and was hoping someone here could lend some advice. I'm thinking of borrowing against my 401k to invest in gold. Right now I'm locked into useless investments in it, but I'll be leaving my job ...

Forum topic - dvfedorov - Jun 2 2011 - 4:31pm - 0 comments

Do You Own Commodity ETF's?

A year or so ago I invested some of my IRA funds in DBA, and DBO (Powershares DB Agriculture Fund, Powershares DB Oil Fund) in order to take advantage of the expected rise in commodity prices.  As hoped for, the funds performed well, and I have made a ...

Forum topic - Rector - Apr 12 2011 - 12:33pm - 3 comments

25k in 401k - sell out to physical PMs?

So, have about 25k in my wife's 401k. She has some other equivalent assets elsewhere, but the 35k is 50% of her nest egg. We have a house, owe 98% of the entire mortgage (2005 purchase at 100% financed, not because we didn't have the money ...

Forum topic - PMNeophyte - Nov 30 2010 - 10:45pm - 12 comments

Financial Advisors in the Boston area

I would like to find a financial advisor in the Boston area who I can trust and who knows about and believes in Peak Oil, Climate Change, and the terrible state of our U.S. economy.  Someone who can help me plan for the next 20 years that will be ...

Forum topic - DRHolden - Apr 29 2010 - 10:16pm - 4 comments

The Umpteenth 401k question

I know that this question makes it's rounds through the forum.  I am about ready to pull the trigger on getting at some of my 401k money.  Very easy with roughly 25-30%.  There seems to be alot of smoke about going after these in one way or ...

Forum topic - SoonerMax - Mar 26 2010 - 11:20pm - 7 comments

Another braintrust question

I, along with many others, it seems, am on the brink of withdrawing my 401k money this year and paying the taxes and 10 percent penalty.  This trickle of redemptions could turn into a landslide if the administration starts requiring a percentage of ...

Forum topic - docmims - Jun 15 2012 - 3:38am - 6 comments

401k Seizure ahead in US as it is now in Argentina?

All, I am considering a cash out, knowing full well what the tax impact will be but suspecing that the current impact of that decision will be better in the long run than being forced to stay in USD and suffering through a massive devaluation. ...

Forum topic - vilanodavis - Jan 13 2010 - 12:16pm - 2 comments

401k Seizure ahead in US as it is now in Argentina?

All, I am considering a cash out, knowing full well what the tax impact will be but suspecing that the current impact of that decision will be better in the long run than being forced to stay in USD and suffering through a massive devaluation. ...

Forum topic - vilanodavis - Jan 13 2010 - 12:16pm - 0 comments

Demo-Dictatorship & "Your" 401k and IRA

Desperate people do desperate things.  FYI... Re: Demo-Dictatorship & "Your" 401k and IRA Thanks for the heads up Davos.  The government is our greatest enemy and threat.  It is time for good American's to stop ...

Forum topic - Davos - Jan 9 2010 - 10:59am - 18 comments

The Future of 401Ks

Inflation takes from savers and gives to borrowers.  It's like Robin Hood only less morally justified.  There are 3 aspects of 401Ks that make me concerned:  1.) Government and employer incentives heavily pressure us to contribute (and ...

Forum topic - macro2682 - Oct 16 2009 - 5:18pm - 4 comments

403b Funds -Sucker's move or better late than never?

My dilemma: I managed to avoid the worst of the downturn by moving almost all of my 403b funds from equities to treasuries in Feb 2008. So far, so good. Of course, they have sat there ever since and I missed out on the run up within the current ...

Forum topic - Septimus - Oct 13 2009 - 7:54am - 5 comments

What about 401K plans?

The 401K plan coincidentally began in 1980 and I believe has had a large impact on the stock markets (right?)   I'd expect there is a chart that would show a rise in 401K investment as the personal savings rate declined.  Could this be because the ...

Forum topic - r - Jul 9 2009 - 10:40pm - 2 comments

Retirement Dreams Disappear With 401(k)s

From 60 minutes  http://www.cbsnews.com/stories/2009/04/17/60minutes/main4951968.shtml (Current News & Events, 401k, retirement, Important) From 60 minutes http://www.cbsnews.com/stories/2009/04/17/60minutes/main4951968.shtml ...

Forum topic - investorzzo - Apr 19 2009 - 9:55pm - 0 comments

What to do with a 401K

Hi Folks, My wife and I are trying to decide what, if anything, can be done with a 401k.  Currently, we hold two 401k accounts and the larger is through my current job.  My thought is that these will become worthless in the not too distant future ...

Forum topic - Tim_P - Apr 1 2009 - 11:57am - 12 comments

Think of Your Investments Like a Herd of Cattle

This post written by JL Lord was excellent.  I felt it was buried in a 403b thread, and I am re-posting in its own thread.  I hope JL Lord will be back to visit us often!           From:  ...

Forum topic - cat233 - Jun 15 2012 - 4:09am - 0 comments

What to do with 403b plan.

I have a 403b plan (like a 401k but for educators) that I cannot rollover or liquidate until I retire (2 years). Fortunately, I sold all  of my mutual fund postions last year just before the big meltdown on Wall Street. The problem is that it is mostly ...

Forum topic - Ken C - Mar 5 2009 - 11:30am - 11 comments

Anyone taking the 10% penalty and cashing out 401k or IRA?

I don't have a whole lot in it, and had already moved the balance into cash from mutual funds anyway, but now I'm wondering if I should go ahead and make the full withdrawal and buy the preparation gear/guns/ammo and physical gold with ...

Forum topic - stevvot - Mar 4 2009 - 6:41pm - 130 comments

Is it time to cash in IRA and pay 50% tax and 10% Penalty?

I'm sure I'm not the only one with this question.  I'd really appreciate some discussion on this practical subject. Are you guys holding on to your 401K's and IRA's, or are you cashing them in, paying the taxes and penalties, ...

Forum topic - stpaulmercantile - Feb 21 2009 - 12:30am - 36 comments