No. of Recommendations: 7

What to do? First: don’t contribute any more than the minimum amount to get the company match to your 401(k). Second, start building up non-qualified savings pronto.

This is exactly what I've done for a few years now. Stopped IRA contributions and lowered my 401K contributions to 5% from 11 to 16%.

galeno might have been left wing but he made sense when he stated he didn't care for IRAs.

Plan for more Regime activity against your retirement plans.

Don’t be the equivalent of the real Rhodie who kept on buying more farmland in Rhodesia in ’69 and ’75 and ’79, or even after it became Zimbabwe. Don’t be that guy. Get wise to what the Regime plans to do to you, and plan your own affairs accordingly.

Just because we’ve all heard the advice before doesn’t make it less important or relevant: Build capacity. Stockpile supplies. Cut spending. Boost non-qualified hard-asset savings. Train physically. Get off the health care grid. Find Tribe. Prepare.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.