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> You're going to be trusting the government either way With money not in a 401k or IRA, one can: keep gold bars in a vault overseas (I do); bury cash or gol
by rubashov 16y ago
> You're going to be trusting the government either way
With money not in a 401k or IRA, one can: keep gold bars in a vault overseas (I do); bury cash or gold in the yard; buy woodland or farmland and trust that local property rights will be maintained; open bank accounts overseas. There's just a whole lot of ways to store wealth outside the easy reach of crazy politicians.
When the money is in a 401k or IRA it is firmly in the grip of the IRS and whatever they might arbitrarily choose to do at some point over the decades.
- byoung2 16y agokeep gold bars in a vault overseas - You're at risk if diplomatic relations between your country and the other country go south between now and retirement. bury cash or gold in the yard - laughable at best buy woodland or farmland and trust that local property rights will be maintained - a government that you fear will seize your IRA or 401k will likely also seize your land. See Cuba and the Bacardi company. open bank accounts overseas - Overseas bank accounts are not safe from an overzealous US government. As of 2009, you have to report all those Swiss bank accounts.