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To: Aevery_Freeman

Does anyone know how to take some money from a 401 or 403 and move it into gold and silver without paying a tax on the cash?


35 posted on 11/05/2021 5:51:45 AM PDT by TheErnFormerlyKnownAsBig (To you all, my loyal spell checkers....nothing but prospect and admiral nation.)
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To: TheErnFormerlyKnownAsBig

To not pay a tax on the 401K or 403B fund, they need to stay in the account. Pull it out to buy anything an it is a taxable event.

Most funds allow you to buy gold and silver stocks but not the physical item.

I think that the old ads from the 00’s giving you a way to hold on to it in person - while claiming it still in the tax exempt account - have all been shut down.


43 posted on 11/05/2021 6:40:09 AM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: TheErnFormerlyKnownAsBig
Does anyone know how to take some money from a 401 or 403 and move it into gold and silver without paying a tax on the cash?

See if you can borrow on them. Repayments are taken out of future deductions or when you cash out.

For a different purpose, I took out a loan, paid back for a couple of years and then cashed out when I retired.

An argument against that is that the amount borrowed is not working for you tax free, but if what you used the money for pays off better, you are ahead. In these times, buying gold and silver seems like a good use.

55 posted on 11/05/2021 8:43:17 AM PDT by Oatka
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