Letter Re: Defensive Use of My IRA
Jim, I agree that nothing beats physical bullion and ammunition for real wealth, but there may be something to be said for keeping a store of digital wealth in tact for as long as possible also. My bank has an emergency plan. They mailed me a copy. So I figured I needed to incorporate a plan to keep them out of my life during an economic meltdown. The plan is very simple. I fully intend to eliminate my mortgage with what is left of my IRA on the day before doomsday (or thereabouts). My money will ride out the storm …