SHOULD YOU CONSIDER CASHING IN YOUR 401K TO BUY SILVER & GOLD??



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In this segment, I discuss a previous interaction with a viewer regarding retirement withdrawal and 401k loans. Is it even an option to cash out and buy precious metals while the value is low?

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29 Responses

  1. BlueRidgeSilverhound says:

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  2. LIX 59 says:

    I'd say the average "Joe" is gonna be shocked in the next 24 months as to how bad the stock market goes to shit. Markets operates in cycles, 1987,2000,2008 Crashes. I've been invested in all of them. Been in Gold & Silver since the early 80's and in good shape from it.

  3. momomum says:

    And if you think he economy is good today or that it can recover from all the money printing and indefinite debt you are being delusional, stocks, real estate and bonds are overpriced, gold and silver are in low production and undervalued atm

  4. momomum says:

    Etfs are what you should do

  5. Eric Woody says:

    retire when your ready but hold on to that 401 k until its ready. use other extra income to buy silver bullion

  6. Jack Soxman says:

    NO WAY!

  7. Shirl Bussman says:

    I agree with you. You always give out great advice and this is one of the better ones. Thanks for sharin.

  8. Jason Fontaine says:

    I like to run my 401k/IRA and precious metals on a ratio around 90%/30% respectively. This encourages me to invest more money in retirement. If I hit that ratio in the metals department then I need to boost up my 401k/IRA department to give myself more room for more metals.

  9. C172Pilotdude says:

    Gold and silver are all manipulated. Silver is probably only worth a buck an oz and gold is probably not as rare as they say and is def. worth UNDER $1,000 USD. Shit back in the day an oz of POT was worth more than an ounce of GOLD. FIGURE THAT SHIT OUT.

  10. Matthew A says:

    My 401k is my retirement money i stake silver to for my retirement it going to be my fun money when i retirement

  11. TheDude0fLife says:

    I think digital currency will be much bigger in several years and it will be good for coin prices. They'll be making coins out of plastic soon anyways.

  12. Freestyle Finds says:

    i don't understand. why not have both? is it not possible to contribute to a 401K AND have precious metals invested?

  13. Diemaker1 says:

    you say 10 years ago silver was under $10. It didn't go down $7 10 years ago… it rose $7 in the last 10 years. 20 years ago silver was $4 and the national debt was $5T, now debt is $20 Trillion. I guarantee if Obama didn't print $10T the stock market would not be anywhere as high as it is. When they quit printing $ the market will crash, maybe when your 58 years old.

  14. JOHN W says:

    One thing I learned is that I had a 401k while working. I got hurt and had to start drawing from my 401k while I filed for disability. Before I got approved I paid taxes on everything drew out for 2 and 1/2 yrs. after I got approved for disability my tax preparer told me that everything that I pd in taxes for that time I got back. But only after I was approved. I got all my money back from taxes. If you are disabled you might have a good option to do it. Talk to your tax person to see if it is a good option for you. I am not an investment adviser. Do it at you own risk.

  15. Silver Dragon says:

    Just diversify don't put all your eggs in one basket

  16. Ballad of Janine says:

    You need too be an advisor. I am so grateful that these never became a thought to cash out for a gamble into this. The bottom does fall out eventually. Thanks!!

  17. RaVeN BLU says:

    Great Topic! u hit on! Thx,for the Info.

  18. Coin Group of Minnesota says:

    No absolutly not! You can only double or triple your money. 401k keeps growing.

  19. Mark Conner says:

    Most people dont know this, is you only have to be 55 if you quit or leave the company you work at. So long as your turn 55 with in the years you quit. I did this im 54 right now and the only thing i had to pay was 20 % and no penalty. now i will have to pay about another 5 % in state and county tax next year when I file on this. Now depending on your tax bracket and if your married or not, you may have to pay a little more in federal taxs too. But heck with your tax person to make sure and every state is different. Some states dont have income taxs.
    In my case its going to be a wash next year with my wifes income and what she going to pay in taxs
    Not ever one can do what I did though, Insurance will eat up a lot money through out the years.
    Lucky for me I married a woman thats 20 years younger and has a grate job that she loves. Im on her insurance which is a big saver.
    So part of your early retirement plan is to save save save when your younger and when your older marry someone younger that has a good job and get on there insurance lmao

  20. Irish Folly says:

    Really really bad idea to cash out or loan. As bad as a precious metals IRA. Save some money and buy PMs. As a diversified portion of your assets. And no one knows if PMs are low or high. Good video.

  21. John Gotts says:

    If you look at the long term average spot price of silver, and simply draw a straight line, your line will be at around $10 in 2018, or a little less. Long term historical averages don't lie. Silver is not undervalued.

  22. havikshorst120 says:

    Silver is the future >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

  23. PART TIME PREPPERS says:

    I only have a year to go before I can Cash out penalty Free…Definitely have some thinking to do!:))) Enjoyed the vid.!:)))

  24. Bigtimer58able says:

    Wow bad advice, take the money and run. Do really think your 401k will be around. Ask the people who lost in 2008. You will get burned. Where do you think the 401k is invested in, the crashing stock market.

  25. Mr, Boo Boo 1972 says:

    Invest in Litecoin or Similar.

  26. Juan Figueroa says:

    Yo tengo. De l. 70. .
    82. 74.

    .

  27. lucy cat says:

    I agree don't touch 401k I think its like 40% loss wich is crazy. Want to start social security 62 1/2_ jYou omly have so much time so live low retiire early.plus income tax really sucks.

  28. Chancellor Merkelisms says:

    If your company only matches 2% of your 401K, Should you re-consider your life?

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