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<p>[QUOTE="medoraman, post: 1571350, member: 26302"]OP, these things got off on tangents liek they usually do, (and I am a culprit usually as well, so I am not throwing stones). For your personal situation, I would say this. Never forget the PRIMARY advantage of a retirement account is its tax deferral, something that will become more and more important. I read Wednesday morning the Speaker of the house welcomes the president's "new taxes" and wishes to "work with him". This is political code to your taxes are about to get jacked up. </p><p><br /></p><p>Retirement accounts allow you to put more money to work for the same loss in your paycheck. This is HUGE. Please do not overlook that.</p><p><br /></p><p>If I had a firm opinion of what to do, I would say keep your 401k where it was at, and every year when youa re scheduled to get a raise increase it. You will still get more money in your paycheck and eventually you can work your way up to 15%. This is very prudent regardless of what you choose to invest it in.</p><p><br /></p><p>Any extra money feel free to put in silver bullion. If you wish to buy more, I would suggest a weekend job, and invest all of the proceeds in bullion.</p><p><br /></p><p>Yes, I have all of the accounting and financial alphabet combination letters after my name, but those are just confirming my opinion on this subject I have had since I was 17. I was one of the "weirdos" working extra jobs in college and buying silver bullion when every financial guru in the world was proclaiming it a horrible idea. Its not, but it should never be done at the expense of tax defered account funding.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1571350, member: 26302"]OP, these things got off on tangents liek they usually do, (and I am a culprit usually as well, so I am not throwing stones). For your personal situation, I would say this. Never forget the PRIMARY advantage of a retirement account is its tax deferral, something that will become more and more important. I read Wednesday morning the Speaker of the house welcomes the president's "new taxes" and wishes to "work with him". This is political code to your taxes are about to get jacked up. Retirement accounts allow you to put more money to work for the same loss in your paycheck. This is HUGE. Please do not overlook that. If I had a firm opinion of what to do, I would say keep your 401k where it was at, and every year when youa re scheduled to get a raise increase it. You will still get more money in your paycheck and eventually you can work your way up to 15%. This is very prudent regardless of what you choose to invest it in. Any extra money feel free to put in silver bullion. If you wish to buy more, I would suggest a weekend job, and invest all of the proceeds in bullion. Yes, I have all of the accounting and financial alphabet combination letters after my name, but those are just confirming my opinion on this subject I have had since I was 17. I was one of the "weirdos" working extra jobs in college and buying silver bullion when every financial guru in the world was proclaiming it a horrible idea. Its not, but it should never be done at the expense of tax defered account funding.[/QUOTE]
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How I got into bullion investing.
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