Woody
Well-Known Member
Ha, you frugal guys crack me up...waterfront cabins, condos, swimming pool, European vacations, motor home, 60 foot yacht
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Indeed. Plus I'll add that the dollar fluctuates. Just look at our inflation. An ounce of gold is worth an ounce of gold, everywhere. The dollar, not so much.\
But, what I do have, I can go rifle through and be glad I have it in my hands rather than a bank account or brokerage....it is off the books...and I can get it exchanged for cash locally.
More than likely, my kids will find it once I am gone and decide dear old dad wasn't such a bad guy after all.
You are right. Frugal is a VERY relative term.Ha, you frugal guys crack me up...waterfront cabins, condos, swimming pool, European vacations, motor home, 60 foot yacht
I am enjoying this thread and hearing the different thoughts and strategies.
I do not consider myself very knowledgeable with investing. I put more than I like into 401k and Roth IRA...have cash that I think daily I should be doing something more with...but gold and silver always have a place with me. I have no expectations that what I have will ever change my life or suddenly "pay off". And, I don't have much in the overall scheme of things.
But, what I do have, I can go rifle through and be glad I have it in my hands rather than a bank account or brokerage....it is off the books...and I can get it exchanged for cash locally.
More than likely, my kids will find it once I am gone and decide dear old dad wasn't such a bad guy after all.
Be sure that you understand the required minimum withdrawals out of your 401k and Roth IRAs once you retire. If these accounts get too large the promise of a lower tax rate when you retire will be shattered.I am enjoying this thread and hearing the different thoughts and strategies.
I do not consider myself very knowledgeable with investing. I put more than I like into 401k and Roth IRA...have cash that I think daily I should be doing something more with...but gold and silver always have a place with me. I have no expectations that what I have will ever change my life or suddenly "pay off". And, I don't have much in the overall scheme of things.
Or convert your 401K to an IRA then convert that to a Roth IRA. You'll have to pay the tax when you convert it but then throughout your retirement you will never have to worry about RMD's or any tax increases. You've already paid the taxes when you convert it so you'll never have any future tax worries.Be sure that you understand the required minimum withdrawals out of your 401k and Roth IRAs once you retire. If these accounts get too large the promise of a lower tax rate when you retire will be shattered.
Sir between 1933 and 1974 it was illegal to own gold bullion in the USRegardless of the location, times and/or circumstances gold has always been accepted in trade for goods and services.
That is somewhat true but it was still mined and traded. Go to the black hills in South Dakota, Alaska or any gold rich area and check out the claims.Sir between 1933 and 1974 it was illegal to own gold bullion in the US
this is a good brief read on this subject. Mining it was not illegal, they turned it into money thru the gov. But any trading of gold was illegal.That is somewhat true but it was still mined and traded. Go to the black hills in South Dakota, Alaska or any gold rich area and check out the claims.