Saturday , 20 April 2024

Tag Archives: IRAs

4 Ways to Shelter Your Wealth & Pay Less Taxes (+2K Views)

Overall tax rates are going to continue creeping higher in the years ahead so take advantage of every legal means you can to shelter your wealth and watch it grow with as little interference from Uncle Sam as you can. Here are 4 such ways to do just that - pay less taxes!

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The Government May Soon Force You to Include U.S. Treasuries In Your IRA and/or 401(k) Plan

There are huge amounts of money in the IRA ($3.5 trillion) and 401(k) ($5.1 trillion) retirement plans in the U.S. (another $9.9 trillion in assets held elsewhere) according to a recent Investment Company Institute study which makes it very tempting for government to try and get at it. [While] the government may, or may not, tax the money, they may force you to include a sizable percentage of the retirement assets in your IRA and/or 401(k) in U.S. Treasury securities, which may be among the worst investments in the years ahead as interest rates go up and price inflation eats away at the buying power of those IOUs. [Let me explain.] Words: 802

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Will U.S. Gov’t Eventually Mandate that ‘x’ % of IRA/401K Funds Be In Treasuries? (+2K Views)

The notion of government raiding personal retirement accounts for funds may seem extreme...but other governments have done it. Argentina did in 2008, Ireland has indicated it might [and the U.S. might well do so as it's] financial crisis worsens. This article puts forth reasons why it is possible they would undertake such a grab or 'confiscation' of your retirement accounts and how they likely would go about implementing such an event. Words: 700

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Gold Bullion or a ‘Guaranteed’ Retirement Account: Which Would You Rather Have in Your IRA or 401(k)? (+2K Views)

“If one believes that the deployment of Guaranteed Retirement Accounts are reasonably probable”, Blasi maintains that “then the remaining action item in such a scenario would be to coax the public into personally assuming the debt the rest of the world was refusing to accept,” and asks: “If the beliefs of many regarding activities conducted by ‘The President's Working Group on Financial Markets’ (Plunge Protection Team) are sound, could not this same entity be utilized for such theoretical events as those described? Frankly, the possibility that such an initiative might be needed to rescue the Treasury market does add an additional, and considerable, threat to the equity markets.” Words: 1052

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