Quit Funding Your 401(k)

POINT #1
According to estimates, the interest of our [U.S.] debt will more than likely exceed $450 billion for the fiscal year 2009 and that is significantly more than the estimated US $300 billion in tax revenues flowing into the government coffers.

It is obvious that taxes HAVE TO GO UP.

POINT #2
Saturn just closed up nationwide. 92 banks closed this year, and the FDIC says 450 more are on the "watch list."

The state of SC just discontinued the extra 13 week unemployment benefit extention. They are out of money.

California is broke and isssuing IOUs instead of checks on many payments to citizens.

The "official" government unemployment rate is 10%. This does not include what are known as "disenfranchised workers." These are workers who have been unemployed for more than 12 months. If you add those to the "official" totals, unemployment nationwide is around 20%. At the height of the great depression, unemployment was 25%. In some places like Detroit, the figure is closer to 50%.

What's the point?

The economy is going to get a lot worse before it gets better. Tax revenues will drop, more businesses will close and more layoffs and less spending.

All of your investment options in your 401(k) plans are going to get killed and you will lose a substantial amount of your money.

CONCLUSION
If able, get your money out of your 401(k) and roll it over into an IRA that contains gold, the only asset that will save your wealth from eroding.

Second, if able, go ahead and pay taxes on some of it now and use the remainer to buy gold outside of an IRA or 401(k). Gold in hand is better than gold in an IRA.

Paying taxes now is better than paying them later at a higher rate, and then YOU have control over your wealth, not the government.

And finally, QUIT ADDING TO YOUR 401(k)!!!!

Again, pay taxes on your money now rather than defer them to a later date when tax rates will be much higher.

Adding money to a company retirement play at this point in history is financial suicide. Forget the employer match.

A bird in the hand is worth two in the bush.

You can set up an automatic payment plan to purchase gold weekly, bi-weekly or monthly. Set it up in the same amount that you are paying into your company plan now and you will never miss it.