So tell me. What happens to our IRA & 401k’s?
I would like to know what happened over the weekend that caused the price of gold to jump up from $2050/oz to $2150/oz.
So tell me. What happens to our IRA & 401k’s?
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You can be sure that the government is eyeing them for a means testing scheme of some sort. Those who prudently sacrificed and saved will be punished to pay for the ever expanding administrative state.
Nobody in DC will sacrifice anything. It will all come off of our backs.
You know how student debt was forgiven with the stroke of a pen? The fund managers' and trustees' "debts" to you will be forgiven. They'll get off, scot free, and you'll be holding an empty bag.
“So tell me. What happens to our IRA & 401k’s?”
I’m uncertain, as my 401k is currently invested in a stable value fund. Although these funds are intended to safeguard investments, they are not immune to failure. My anticipation is a gradual decline over a few years, followed by a steep downturn. I’m hoping to transfer my funds out of the 401k during this gradual decline.
The most advantageous investments include paying off your mortgage, acquiring tools for repairs, investing in farming essentials, and ensuring you have reliable vehicles.