[xochgtlm]

This is from a large company I work for over 15 years ago, but apparently at the time they had a pension program and they have to cash me out.

Here our my options, take the cash minus 20% tax or roll it over into an IRA which I don't have.

For the sake of argument let's make the amount $10,000.

FIAT in hand = $8,000
FIAT transferred to IRA = $10,000

I'm leaning towards cash in hand which = AMMO, PREPS, and a front locker for the Diesel.

What would you do?

[toponlinecasinoer]

The $10k would likely be subject to federal and state taxes, so the $8k may well become $4k. Still, I would do it for the simple reason that couterparty risk probably justifies a 60% hit.

[kylsq0Ln]

Are you serious? Take the cash, no question.

[Wezfyowk]

take whatever you can get + buy stuff instead of losing it all to banks/gov.

[OrefZorremn]

Cash in hand. "If you don't hold it..."

[Jadldqys]

I swear to GOD that it's fucking criminal that gsus members don't know about the kosher tax. Fucking really pisses me off.

People say they're aware and don't know shit. You gave K os shit for not knowing about the kosher markings but you ask this question.

[xochgtlm]

You gave K os shit for not knowing about the kosher markings but you ask this question.

Apples and Oranges. This is first and foremost a PM site and they we get into other details. There's not much discussion about financial investing and the use of FIAT money. Ya feel me?

[Automobill]

If you can put the funds into a gold IRA take the 10 grand in gold?

[eFDMBwKH]

If you roll it into an IRA then it's a 40% hit to pull it out early, right? Do you have to pay income taxes on that 40%?

I don't think you're planning on putting it into an IRA and waiting till you're at retirement age, so it's really a question of if it's better to take the 20% hit or the IRA early-withdrawal hit.

[toponlinecasinoer]

If you can put the funds into a gold IRA take the 10 grand in gold?

It is very likely that the IRA could only hold ETF shares, which are backed by paper futures contracts.

[margoaroyo]

Cash it out and get yourself ammo and ball joints.

[Jadldqys]

This is first and foremost a PM site... Oh yeah, I forgot that part.

[onlineslotetes]

I think the 20 percent is withholding for taxes.

[OrefZorremn]

Oh yeah, I forgot that part.

Ahahaaaahahaaaa!!!!

[alexosnasos2]

FIAT in hand = $8,000
FIAT transferred to IRA = $10,000

I'm leaning towards cash in hand which = AMMO, PREPS, and a front locker for the Diesel.

What would you do?

FIAT in hand = $8,000

100 ounces of Ag @ $29 an ounce delivered.
1 to 2 Toz Au in the form of Gold Fracs.

leave some cash ($1500 to $3500) for Fantastic Prep Deals.


FIAT transferred to IRA = $10,000 + Unknown Counterparty Risk

[mbaueee]

I'd take the hit now, cash in your control.

[we0MA4MI]

Buy US Savings Bonds and some bagels.

[Siuchingach]

CASH!

I'm getting ready to cash out my 401k in about a week, once I get the info in the mail from my old company (today was my last day)

Got any debt? Pay that off first!

[JJascaxal]

or just donate it for 0bama-2012, tax free, :P

[Gremlinn]

I swear I can't even believe you'd ask that question, to yourself or especially here! Did you start tokin'?? Of course you take the fucking cash! NO matter what, period! Is this a trick thread?