From Bix Weir of Road To Roota
There is a lot of talk about the Government going after the personal retirement funds of the people. Why? Because it’s the last place they can find big chunks of money. We’re talking about pensions, 401k’s, IRA’s etc. But is it really feasible that the people in the United States would stand for it even in a time of monetary stress? After all, the Sheeple still think that they hold the power over their lives even though everything that happens around them begs to the contrary.
Many have pointed to the roll out of the President’s new retirement investment plan called “myRA” in which the government manages your retirement account. Although it is totally optional at the moment, it isn’t hard to visualize a REQUIRED transfer of funds into this system when the banking system starts collapsing. Actually, people will likely be BEGGING the government to take over their accounts as their brokerage companies go out of business.
There is also the issue of the massively rehypothicated stock and bond certificates that are floating out in cyberspace. According to the SEC data over 300M shares Fail to Deliver every day and many more Billions of phony “cyber shares” are shuffled around by high frequency traders(mostly Fed Prime Dealer Banks). So if all these shares are virtual and never settled then what about the shares YOU hold in your retirement accounts? Unless you had the share certificates signed over into your name and delivered into your hands…those investments are just as phantom as the next “shareholder”. If you don’t understand what I’m talking about listen to the interview I had with Sean of SGTReport.com below…
The Shocking Truth the History Channel Can’t Broadcast
At the end of the day, I do think that the Government will “offer” to take your money to save you from the global banking implosion. If not to help out the citizens, then to cover up the Ponzi Scheme because there were no shares in your account to begin with!
This is not meant to scare you into liquidating your retirement accounts and taking the tax hits. It is meant to give you the information and a chance, ahead of time, to do something about protecting your wealth from the coming chaos.
It’s about options. I’ve faced the same scenario over the past few years and took two different actions. The first was to liquidate a 401k I owned, pay the taxes and penalty and put the remaining money in physical silver. I did this in the midst of the 2008 crash and it was a panic move on my part, but I felt much better with metal in my hand then phantom shares in the system.
My second move was much more calm and calculated. When I recently left a company I had worked for I rolled over my pension into a self-directed IRA and bought physical US Silver Eagles. Because the IRS code allows people to hold physical silver and gold in the form of US Eagles in a self-directed IRA there were no penalties or taxes associated with the rollover.
So there’s the two ways I know of to protect your retirement wealth. It’s not a recommendation from me but rather and explanation of the actions I took. The first was in a panic and I paid the penalties for it and the second was planned and executed in advance to maximize the value and safety of my retirement funds.
The person I used to help me through the rollover into a Self-Directed IRA was my friend Will Lehr at www.PerpetualAssets.com. The process is a bit complicated and takes some time but Will made it a breeze every step of the way.
If you want more info go to their website or call Will at 888-281-2630.
This is the time to be proactive and safe as the alternative will be like running headfirst into the Bulls of Pamplona!
May the Road you choose be the Right Road.