I converted all my 401k investments from stocks into precious metals. I don't trust stock market, it could collapse any moment. I hear any asset is better than fiat dollar. Vehicle, house, real estate, metals.
Oh, I didn't take out any. I just converted the assets - meaning precious metals are managed by a retirement custodian. You're right, taking anything out before retirement results in 30% penalty.
I converted all my 401k investments from stocks into precious metals. I don't trust stock market, it could collapse any moment. I hear any asset is better than fiat dollar. Vehicle, house, real estate, metals.
I have very little in there and took out half because if I take everything, I pay hefty penalty.
Hence the reason take out half to buy a car. :)
Oh, I didn't take out any. I just converted the assets - meaning precious metals are managed by a retirement custodian. You're right, taking anything out before retirement results in 30% penalty.
Smart.