Cash out your 401k at the first of the year
Pay off your debt by time the tax is due you will pay 1/2 as much.!
posted on 11/03/2010 3:53:46 PM PDT
(2010 is just the beginning!)
I pulled all the equity out of my house and borrowed sub 5% for 30 yrs fixed.
I plan on paying it back with Baraqqi minibucks.
What about rolling it over into a gold IRA? If the Dollar devalues by 50%, the value of gold will go up and you should have the same buying power instead of loosing 50% buying power. No taxes due, no penalty due.
If you want to pay off debt, wait till the gold rises in value, then you could take 1/2 of the Gold IRA, pay off the same amount of debt, and sill have a nest egg left. Taxes and penalty will be less expensive in real dollars too. If you are 59 1/2 no penalty applies.
posted on 11/04/2010 10:03:27 AM PDT
(Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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