My dad has a decent amount of Money in Merrill Lynch and I keep trying to convince him to at least buy PM's with some of it as I heard that there is a tax free way to do it? His money in there is from a 401k-like thing so it has never been taxed and he was to take it out he would get taxed 20-25% or something like that.I've read that you can buy ASE's with retirement accounts.Anyone know how and if it is a good idea or do they charge you a fortune for it. Thanks
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area.
My dad has a decent amount of Money in Merrill Lynch and I keep trying to convince him to at least buy PM's with some of it as I heard that there is a tax free way to do it? His money in there is from a 401k-like thing so it has never been taxed and he was to take it out he would get taxed 20-25% or something like that.I've read that you can buy ASE's with retirement accounts.Anyone know how and if it is a good idea or do they charge you a fortune for it. Thanks
GLD is designed to track gold. SLV tracks silver. I haven't done any research on them, but it would be easy to buy them in an IRA.
Good luck. Be care about giving investment advice to family members. It is a tie/lose deal. If your pick goes up, then no problem...yet you usually don't get much credit. If it goes down, then you get blamed.
-SWUSC
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966.
How to buy PM's with Mutual funds?
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Posted - 04/27/2008 : 00:59:44
