Message:

<p>[QUOTE=&quot;desertgem, post: 703334, member: 15199&quot;]You can be prepared the best you can , and then the rules can be changed retroactively. All holdings: stocks, cash, precious metals, rental property, home property, etc. go through cycles over the decades, so you must have a balance so something is always near its top when the day comes, or you will be extending your work career to postpone it. 1 years ago was a good time to buy gold stocks, not now in my opinion. Now is a good time to buy select properties, not 3 years ago ( which I did a couple, but in a college environment where rentals still pay the mortgages. A balance is a must. Some went all in housing when it was the boom, some are going all in PM now that it is a boom. Buying a rental now is not a boom, but will possibly be the smart thing down the road.</p><p><br /></p><p>If you have a 401K , consider with an advisor, using your funds to buy some of it out and into a Roth, especially if retirement is near or you are over 60. It is a b***** if you retire and take out of your 401K during retirement and having to pay taxes on it, declare it on your income tax, and pay more for Medicare due to increased income. If you transfer it to a Roth Ira, all gains within are not taxable when withdrawn, and do not change your income level. Read about the special tax rule for paying the taxes to change 401K to Roth IRA. I am not a financial advisor, all IMO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in