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To: All

anyone considering cashing out iras and into to gold (coin)?


17 posted on 12/16/2023 7:40:36 PM PST by SteveH
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To: SteveH
anyone considering cashing out iras and into to gold (coin)?

They will just (like FDR ) make it illegal to own gold above a certain weight.

20 posted on 12/16/2023 7:49:10 PM PST by TheCipher ( RINO politicians in DC are the only reptiles in the world with no backbone)
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To: SteveH
anyone considering cashing out iras and into to gold (coin)?

That doesn't seem like a very wise move. If you "cash out" of your traditional retirement accounts, you have to pay income tax and likely a much higher percentage than you do now. If you buy gold you have to pay the going tax rate for collectables when you sell it. I'd look into gold IRAs and Roth conversions if you are in a low tax bracket.

30 posted on 12/16/2023 11:22:13 PM PST by EVO X ( )
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