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> with a 401(k) or IRA, you [...] actually own them yourself It seems to me you don't quite own assets in a 401k. You cede some rights to Uncle Sam. I feel th
by a8da6b0c91d 13y ago
> with a 401(k) or IRA, you [...] actually own them yourself
It seems to me you don't quite own assets in a 401k. You cede some rights to Uncle Sam.
I feel there's enough political risk to socking money away in such accounts to be wary. In the event of a fiscal crisis they're juicy targets.
- LVB 13y agoWhat rights am I ceding?
- fixedd 13y agoNot arguing for the OP, but you're waging that taxes in the future won't be hugely different than they are now.
- a8da6b0c91d 13y agoYou essentially have to ask the government for permission to do anything with funds in a 401k/IRA. It's not a normal holding. It's already an impractical pain to make various kinds of investments with such funds; the accounts are pretty much all set up for US traded equities and nothing else. But the real kicker is you don't even have some sort of lifetime guarantee on the restrictions. I could easily see them making it altogether illegal to hold foreign assets, for example. The worst case scenario is some Cyprus style haircut.