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To: Hojczyk

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.!


36 posted on 11/03/2010 3:53:46 PM PDT by jroneil (2010 is just the beginning!)
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To: jroneil

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.


38 posted on 11/03/2010 3:57:22 PM PDT by nascarnation
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To: jroneil
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.

122 posted on 11/04/2010 10:03:27 AM PDT by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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