Article: here Excerpt: "Workers will be able to contribute more to their retirement accounts in 2019... The limit increased to $19,000, up $500 from 2018... The IRS is also lifting the contribution limit for individual retirement accounts... to $6,000 2018." Gordon: A few observations. * 401k & IRA plans are not guaranteed investments. * They are tax deferral schemes from Congress. * Yes, markets do go UP. They go DOWN too. * When the market goes DOWN, so will your plan. * Congress will never allow plans to short stocks. * Which is why your plans hold bullish funds only. * Solution: Roll your plans into an IRA. * Designate it a self-directed IRA. * Do your own stock and mutual fund picking. * Including buying inverse ETFs... * That let you profit from a falling market. * Or stay stuck northbound on a southbound bus.
0 Comments
|
AuthorGordon Philips is a lifetime student of hidden history, a contrarian wealth coach and a Forex trading financial iconoclast who trusts politicians, Wall Street and the media about as far as he can throw a sold gold brick. ArchivesCategories
All
|