SEP IRA

Posts Tagged ‘sep ira rollover 401k’

Question: How will the recession or dollar devaluation affect my 401K &Roth investments? Should I sell off, buy euros?

Considering all I’m reading about this recession, I don’t want to lose gains or especially capital I’ve invested into SEP, IRA, and rollover 401K accounts. If the stock market crashes or if the dollar devalues , what will happen to those investments? Could I lose my capital ? Should I cash them now and put that money into a money market account? Or perhaps buy euros or yen?

Answer: You`re already on the low side of a bear market, unless, Heaven forbid, we end up in a full-scale depression. We are already in a recession, as reflected by the stock market and other financial gurus (Warren Buffet, for one). A lot of damage has already been done to your portfolio, and the dollar has already de-valued. How low it will go? You, I and everyone else would love to know. Yes, worse case scenario, you can always lose capital with ANY investment. I won`t tell you how to manage your finances, but I will tell you this….Don`t liquidate. You`re going to pay some stiff penalties and taxes right off the bat if you do, and that on top of your (already) losses. Don`t buy Euros, because the dollar is ALREADY de-valued and your buying power is LESS. My opinion, Your SEP, IRA, and 401K ?? Ride it out, and wait for the upturn.

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