July 23rd, 2012

Will Your 401K Protect You From Inflation?

Will Your 401K Protect You From Inflation?

401K

Have you ever heard that a 401K is an absolute must?

It seems that I have heard this phrase many times, but is it really the truth as you understand it? If your parents always talked about having a 401K then you grew up with the idea that it was the best way to start planning for your financial future.

I am going to share with you today why that shouldn’t be so, and how we know it’s not going to be that big of a deal when the time comes for you to cash out.

What Does a 401K Have to do with Inflation?

Just in case you are wondering, a 401K isn’t directly tied to inflation; however it’s wise if your account has grown enough to help you sit pretty financially as inflation approaches us. At this point, we don’t know what to expect, however planning wisely for retirement is important as the economy gets tougher.

I find that many people right now state that they don’t have enough to live off, or they are fearful that they don’t have enough to live on in the near future. That can leave you in quite a predicament so it’s time to come up with a new plan, right?

A 401K is obviously not enough for most people to live on, so why not consider growing your income outside of your full-time job? You can start out doing something part-time and slowly grow it to something more and you can do it for just an hour a night, and spend some time on it over the weekends too!

Once you start earning some cash flow, it would be wise to buy gold. Do you see where I am headed with this?

Buying Gold Could Outweigh Investing in a 401K

I want you to think about a 401K and how fast or how slow it grows. Is it really worth throwing money at with such a low return? Keep in mind that many employers are going to be reducing what they contribute, and most of them are doing away with matching your contributions to the 401K period.

That is a real eye opener as to where the economy is going, and if you don’t believe me, just do the research. Remember, gold is increasing in value as the value of the US dollar goes down, so wouldn’t it pay to put your money into something that will go up in value versus something that will either remain stagnant or disappear?

I know better regarding a 401K because when I put money into it and took it back out, I not only got less back than I thought, but I also had to pay a penalty on it too. If you buy gold, you can take it anywhere, and it’s not something that you buy and have to pay a penalty on. Gold is increasing in value, and it’s currency so it’s a bit different folks.

Now that you know why gold would overshadow a 401K isn’t it time to make some decisions? If you want to learn more about gold and how you can buy it and have it delivered directly to you in a discreet fashion, then CLICK HERE now!

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