The time is very near :P
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America has a little-known section of IRS tax code (Section 408(m)(3)) that generally allows you to LEGALLY transfer your IRA or 401(k) into precious metals without taxes, fees, or penalties. I didn’t qualify due my 401k was still active at my current job so no excuse to transfer (if you’re retired already or unemployed or at job change you can transfer). So, I lowered my 401K allocation to the minimum participation amount in April 2021 (stock market is trash and the Dollar is on its way out). I have diverted all that currency allocation to buying physical metal. Can’t wait for my stack weight to start competing with my ammo weight. It’s well on its way (FYI, I have A LOT of ammo).
SD Bullion, BullionMax, PIMBEX, JM Bullion, APMEX
If you dobt hold physical metals you hold nothing.
Just as bad as the government stealing your money through taxes, is the burden it places on the assets you are able to keep. This is the perfect example of someone who wants to make a financial decision in their own interest, but is handcuffed by the rules and penalties. You don’t have to dig very deep to see that these rules are to incentivize you to invest and keep your money with Wall Street, not to invest and become wealthy yourself.
I used MoneyMetals Exchange. Got it fast too. No fuss