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An IRA can be invested in many different things. A portion of mine is in an ETF that leverages interest rates. If rates rise I make a fortune. If they decline...:-( What would you perceive to be the best place to invest the extra scratch Burt, assuming that one felt that they had too many firearms and ammo of course
Never said that. I said I don't make decisions based upon fear. Financial decisions based upon fear are not decisions based upon a wisdom, but rather a primal emotion.I surprised that you think fear is a bad thing.
When you say "you" are you speaking to the audience in general, or me?You need professional investment advise or wait till you have 0 income. but you need to take action soon.
Never said that. I said I don't make decisions based upon fear. Financial decisions based upon fear are not decisions based upon a wisdom, but rather a primal emotion.QUOTE]
Exactly what I was thinking,
It kind of like the old saying, that I tell to a lot of young in-experienced soldiers I come across "guts will get you so far and they will get you killed!!""
It knowing how to harness that fear or those guts, use them to act or not to act.
Every time I look at cashing out the 401k, I know I will do it sometime just the timing has not seemed right. I figure as soon as find the right piece of property to put the money into I will take the leap
...I subscribe to the logic of Dave Ramsey for personal spending habits, savings and budgets, ...