If you are 59 1/2, you can convert your 401k to a precious metal traditional IRA.
Remember, Trump just signed the EO allowing anyone to use their 401k to invest in crypto, real estate or commodities. Commodities includes precious metals.
There is aprox $8 trillion in our retirement accounts.
This will be your chance to exit, protect your money from a future market collapse or currency depreciation.
The EO goes into effect in February. What do you think will happen to the price of precious metal in February?
If I had a guess, people who don't want to pay the early withdraw penalty will move money out of the stock market into precious metal IRA's
At the same time, what do you think will happen to the stock market? I believe it will take a huge plunge. People selling stocks to reinvest in new investment opportunities. Large chunk of the $8 trillion will go into crypto.
I just turned 61, In preparation for February I took $175,000 and invested into a precious metal IRA through Augusta precious metals. I got 220 pounds of silver, sitting in Equity Trust depositoy, 3800 Troy ounces. DO NOT ALLOW THE SALES AGENT CONVINCE YOU TO PURCHASE THE $150 CANADIAN SILVER MAPLES. She tried to convince me I would save money in taxes when I liquidated. I went straight bullion, 100 ounce bars.
I still have a large chunk I want to put into crypto. I have to do my research. Not sure want crypto I want to invest in, perhaps my fellow axons can give me some recommendations.
I have a huge feeling gold and silver will take off in February, prepare now. If going through a company like Augusta metals, get all the preliminary stuff out of the way so you are able to purchase metals the day Trump's EO goes live. Getting in early will get you more ounces.
If you are 59 1/2, you can convert your 401k to a precious metal traditional IRA.
Remember, Trump just signed the EO allowing anyone to use their 401k to invest in crypto, real estate or commodities. Commodities includes precious metals.
There is aprox $8 trillion in our retirement accounts.
This will be your chance to exit, protect your money from a future market collapse or currency depreciation.
The EO goes into effect in February. What do you think will happen to the price of precious metal in February?
If I had a guess, people who don't want to pay the early withdraw penalty will move money out of the stock market into precious metal IRA's
At the same time, what do you think will happen to the stock market? I believe it will take a huge plunge. People selling stocks to reinvest in new investment opportunities. Large chunk of the $8 trillion will go into crypto.
I just turned 61, In preparation for February I took $175,000 and invested into a precious metal IRA through Augusta precious metals. I got 220 pounds of silver, sitting in Equity Trust depositoy, 3800 Troy ounces. DO NOT ALLOW THE SALES AGENT CONVINCE YOU TO PURCHASE THE $150 CANADIAN SILVER MAPLES. She tried to convince me I would save money in taxes when I liquidated. I went straight bullion, 100 ounce bars.
I still have a large chunk I want to put into crypto. I have to do my research. Not sure want crypto I want to invest in, perhaps my fellow axons can give me some recommendations.
I have a huge feeling gold and silver will take off in February, prepare now. If going through a company like Augusta metals, get all the preliminary stuff out of the way so you are able to purchase metals the day Trump's EO goes live. Getting in early will get you more ounces.
Have a good day my frens.