Replies to post #19222 on Economic Collapse

[EarlyOne]

After listening to how there might be a bail-in or how pensions/401-ks may be forced to buy T-bills, I shifted my retirement savings approach. I reduced my contribution into the 401-k is only enough to qualify for the full company match. The extra (non-tax free) portion I save through different vehicles like silver. Even though the portion is taxed, I do not allow more to go out of my control than serves a purpose. My employer's plan allows for 401-k loans. It is a way to withdraw money without incurring a penalty. And you pay back your 401-k with a small interest rate. I have only done a loan once.

You have the right perspective...Put God first. Everything else will follow.

I suggest you pray about it, then move forward. There are options, but you will need to do what is right for you and your family.

Have a safe and happy New Year!

[chicmagnet]

My 401K sucks!!!!! we used to have 6 options High risk, low risk, Money market, and yes GOLD plus others. Now you get what you get no say no how. The only way to get out is a 50% haircut which might be the smart option, because when the SHTF you may see 0 return. Or employer employee separation. Oh great! I have to quit my job to manage what is mine already. My opinion is that very savvy economists designed these plans in order to park dollars and keep the presses rolling full speed ahead. If I get my hands on it will go 100% into PM and farmland!!!!!!!!!!!!!!!!