8 ms·
I'm having trouble separating the two questions here: do you want to get away from the dollar, or do you want ready cash? If it's the first, why can't you just
by eschutte2 16y ago
I'm having trouble separating the two questions here: do you want to get away from the dollar, or do you want ready cash?
If it's the first, why can't you just buy into non-dollar-denominated funds with your IRA?
If it's the second, and if you're able to roll your IRA into a 401(k), then depending on the trustee you could loan yourself half of it in cash.
Alternatively you could probably create an ESOP for your company and (again, trustee permitting) invest your IRA or 401(k) into that.
Disclaimer: I don't know anything about accounting.
- hariis 16y agoWell, I want to invest that money in either gold bullions or in myself. When you say, "if you're able to roll your IRA into a 401(k), depending on the trustee you could loan yourself half of it in cash", do you mean, I could loan myself half of it without penalties. How does this work?
- eschutte2 16y agoSome, but not all, 401(k) plans allow you to borrow up to 50% of the balance, at some defined interest rate. You make the payments, principal and interest, back into the 401(k).