I’m so conflicted. Do I cease all contributions to my 401(k) and take the money out? Do I leave the money in there? Do I dump all of my cash into ammo and food? Do I stop paying my mortgage? I wish my grandparents were alive to give me some advice on this.
RE: Do I cease all contributions to my 401(k) and take the money out?
How much do you pay in taxes for taking the money out before you reach age 59 1/2?
My advice is to make sure that you have ample enough silver and ammunition on hand that you can use them to buy groceries, fuel, and etc. for you and your family.
Gold is nice to have but in a currency collapse it will be best to use it for big ticket items like cars, houses, guns, and etc.
For smaller purchases you need silver or ammunition.
If you have all three then good for you!
But for most people I’d say put aside some silver and ammunition in popular calibers (even if you don’t own a gun!) as they’re always easily accepted items of trade.
I already cashed out my 401K since I need it due to being unemployment. In my next job I will not open a 401K there is no denying that the Democraps are salivating to watch what is happening in Cyprus. Cyprus is small just wait until they get to the bigger countries. I believe this may be a trial performance to see what happens. We know Democraps are good in stealing other people’s money so don’t think it CAN’T happen here.
I’m so conflicted. Do I cease all contributions to my 401(k) and take the money out.
I just completed that task last week. Better one day,week,month or year early than one proclamation late.