Well then there’s always the Roth IRA’s and 401k’s - like Argentina then.
IMHO there isn’t anywhere to put money where it’s “safe” from their greedy paws.
I got everything out. I mean, EVERYTHING. It’s all tied up in commodities (my cars, tractors, tools, etc.) and real estate. And cash and junk silver.
I started this two weeks before the 2008 election. I purchased my “hobby farm” in central KY then, and moved there from seattle in 2011, five years ago this month.
Since then I added my neighbor’s 20 acres with two streams and a natural well. We’re set. Well, as set as one can be and still live in the belly of the beast.
I am having this discussion with me wife.
The return on my 401(k) has been horrendous over the past few years. Granted, my holdings have been pretty conservative.
I said to her, based on the way things look today is it reasonable to expect that it will go up more the penalty we have to pay to take it out?
We could pay off everything but the small mortgage. (This is a 401(k) from an employer from the 1990’s. Its not being added to.) The figures used to project growth are abysmal. 3-5% per year is a pipe dream.
I never thought about tapping into that before. But I am seriously doing the math now. I cannot see where its much of a risk. The market going down 10% in the near future? It doesn’t seem like much of stretch.