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  Wealth Science University

It's Only Money, Honey.


Contribute More To 401(k)s & IRAs In 2019... And Pray

11/4/2018

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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.
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    Author

    Gordon 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.

    Meet Gordon  |  Get wealthy  |  Get healthy

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