I know you are not a financial guru, but what you say makes a lot of sense. What do we do if we are about ready to retire and our retirement is largely dependent on a CALSTRS organization. If we take the money out it is a smaller lump sum and we don't get life time income. I lived through the inflation of the 70s and wonder if you agr…
I know you are not a financial guru, but what you say makes a lot of sense. What do we do if we are about ready to retire and our retirement is largely dependent on a CALSTRS organization. If we take the money out it is a smaller lump sum and we don't get life time income. I lived through the inflation of the 70s and wonder if you agree that buying tangible useful assets is sensible as they will only cost more later. If buying a car, would your advice be to take a loan or to buy outright? Finally, how do you make sure you can get access to overseas stored gold? Also, family loves the Pirate game. My grandkids have begun making up their own cards, and some are hilarious:)
Thanks for the note about ZAM-POP! I love that they are creating their own cards. I want to make a competition for creating cards. Regarding the financial side of things...
First, I don't know when this is going to happen. I thought it would have happened long ago, even years ago. The Fed is amazingly adept at keeping this inflated bubble from popping. I never would have guessed that they would have been able to keep it alive this long, and maybe they will be able to keep it alive for much longer. I don't know. I don't think they will be able to, but no one knows the future.
Second, I feel very nervous about saying anything about retirement funds, like what you are referring to because I don't want to be responsible for any actions you take. I personally would be worried about it. I would definitely do your research on it, and I would question everything they tell you. 99% of financial experts work within the system, and have never for a second thought that the system itself may fail. I like to listen to Peter Schiff and Robert Kiyosaki.
Third, I would definitely get prepared with food, water and everything else that you need to live for a few months. This is the time to get prepared. As far as buying a car or anything else, I think it's best to be very conservative with what you spend your money on, but at the same time I don't trust the banks to hold my money because I think they could come crashing down. I think it's best to get your money outside of the banking system, such as gold, silver and crypto. As I said in a previous article though, I don't want gold sitting in my house, so I like the overseas storage places. Did you see my article on the overseas storage of gold?
I know you are not a financial guru, but what you say makes a lot of sense. What do we do if we are about ready to retire and our retirement is largely dependent on a CALSTRS organization. If we take the money out it is a smaller lump sum and we don't get life time income. I lived through the inflation of the 70s and wonder if you agree that buying tangible useful assets is sensible as they will only cost more later. If buying a car, would your advice be to take a loan or to buy outright? Finally, how do you make sure you can get access to overseas stored gold? Also, family loves the Pirate game. My grandkids have begun making up their own cards, and some are hilarious:)
Thanks for the note about ZAM-POP! I love that they are creating their own cards. I want to make a competition for creating cards. Regarding the financial side of things...
First, I don't know when this is going to happen. I thought it would have happened long ago, even years ago. The Fed is amazingly adept at keeping this inflated bubble from popping. I never would have guessed that they would have been able to keep it alive this long, and maybe they will be able to keep it alive for much longer. I don't know. I don't think they will be able to, but no one knows the future.
Second, I feel very nervous about saying anything about retirement funds, like what you are referring to because I don't want to be responsible for any actions you take. I personally would be worried about it. I would definitely do your research on it, and I would question everything they tell you. 99% of financial experts work within the system, and have never for a second thought that the system itself may fail. I like to listen to Peter Schiff and Robert Kiyosaki.
Third, I would definitely get prepared with food, water and everything else that you need to live for a few months. This is the time to get prepared. As far as buying a car or anything else, I think it's best to be very conservative with what you spend your money on, but at the same time I don't trust the banks to hold my money because I think they could come crashing down. I think it's best to get your money outside of the banking system, such as gold, silver and crypto. As I said in a previous article though, I don't want gold sitting in my house, so I like the overseas storage places. Did you see my article on the overseas storage of gold?