Category: Economics & Investing

Dear C.P. This is in response to your query about cashing out your 401K accounts. I am a CPA in California and have been practicing for 20 years. I like your idea of cashing out your retirement accounts to live in a paid-for home. I have two suggestions: If you can, wait until you are 59 1/2 before cashing them out. This avoids the additional 10% federal tax on early withdrawal. There may be other ways to avoid this penalty that are more detailed, so ask a CPA that is familiar with this. Rolling all of the accounts directly into …

They just can’t seem to get it. Progressive aldermen propose $15-an-hour Chicago minimum wage – A.B. o o o FDIC Reveals That Over 400 Banks Remain on the Problem Bank List – G.G. o o o Items from The Economatrix: The Theft Of Your Retirement Accounts Will Accompany The Seizure Of Bank Accounts Bad Trend Breaking: Why Retail Results Are Not Better Than Expected, But Worse Than Ever! U.S. Gold Holdings Close To Zero-Rob Kirby Wall Street Criminals Threaten That Economy Will Blow Up If They’re Prosecuted

U.S. Gold Holdings Close to Zero-Rob Kirby. – G.G. o o o Items from The Economatrix: Richard Russell – This Will Shock The West & World Leaders First Quarter Canadian Maple Leaf Sales Up A Hefty 24% 20 Big Box Retailers Take Major Losses In First Quarter Has The Next Recession Already Begun For America’s Middle Class?

Dear Mr. Latimer, I would value your opinion on the following. I currently have three separate 401k accounts (5K, 40K, and 8K). I have not rolled them into one account because I thought it would be safer to have them spread out. I have this idea that, despite penalties, it would be better to cash them in to apply to my mortgage to pay it down or get a smaller home and have no mortgage by using these funds. My reasoning is that we will have a crash similar to 2008 soon (7 year cycles). I feel that I would …

The Size Of The Derivatives Bubble Hanging Over The Global Economy Hits A Record High – H.L. o o o Items from The Economatrix: Here’s The Real Reason Why Gold Is Sliding To A New Low This Gave Durable-Goods Data A Big Boost Top CEOs Get 400% Raises, But For You … 2.9% Gas Prices May Fall Soon Consumer-Confidence Rise Masks Housing Caution

A global crisis of young adult unemployment: 12 countries in Europe have an unemployment rate of 20 percent or higher for adults ages 25 and younger. o o o Items from The Economatrix: Who Gets Your Digital Fortune When You Die? 50 Best Employers For Boomer Workers George Soros Tells America To Take Their Money Out of the Banks Before It Is too Late James Rickards-Financial Collapse And Massive Shortages In Gold Coming

“It’s total moral surrender”: Matt Taibbi unloads on Wall Street, inequality and our broken justice system – RBS o o o Items from The Economatrix: Catastrophic Outcomes May Come Faster Than Expected – James Rickards The Size Of The Derivatives Bubble Hanging Over The Global Economy Hits A Record High A Global Crisis Of Young Adult Unemployment: 12 Countries In Europe Have An Unemployment Rate Of 20 Percent Or Higher For Adults Ages 25 And Younger. As Goes Walmart, So Goes America: “Major Holes Are Starting to Form In Its Business”

It never ceases to amaze me the lengths that the psychopathic, controlling oligarchs will go to in order to strengthen their grip on humanity.  Control and power are the weapons of these few.  While weapons, they will also serve as their demise.  You see, we are not boiling frogs, despite all the fluoride and GMOs we are force fed.  We, the rational minded, can see through the scam.  We are waking up and growing tired of being pushed into the corner.  Awareness of the controlling power mechanism is what is driving us for a better tomorrow. When we first wrote …

What does $600,000 buy you in Southern California real estate? A look at Pasadena, Arcadia, and Torrance. Some boomers cashing in their housing lottery ticket. o o o Items from The Economatrix: This Is Why Hewlett Packard Just Announced Another 16,000 Job Cuts Why Are Boomers Cashing Out In Droves? Because “Everyone Understands The Market Went Crazy Last Year” Richard Russell – More U.S. Lies As The Public Is Going Broke Video: Peter Schiff: Brace For Impact!

Another one bites the dust in 2014. US Regulators Close Small Lender in Ohio. G.G. o o o See No Evil. Inflation is everywhere! – B.B. o o o Items from The Economatrix: U.S. Jobless Claims Jump 26,000 To 326,000 Big Investors Are Betting Against Housing Market The Biggest Economic Threat? Big Companies New-Home Sales Likely Rebounded In April, Economists Forecast

Did the Federal Reserve Launder $141 Billion Dollars Through Belgium to Hide Massive Increase In Quantitative Easing? – H.L. o o o Items from The Economatrix: Fed Focuses On Exit But Makes No Decision: Kocherlakota: Fed Should Target Price Levels Who Is The New Secret Buyer Of U.S. Debt? Is The Economic Recovery Only Statistical?

Darkcoin, the Shadowy Cousin of Bitcoin, Is Booming – G.P. o o o 27 Huge Red Flags For The U.S. Economy. – H.L. o o o Items from The Economatrix: Roommates Are A Financial Lifeline For Some Seniors Did U.S. Economy Just Turn Negative? George Soros Sells All Shares Of Citigroup, Bank Of America And JP Morgan:Is This A Sign Of Trouble Ahead For The Banking Industry? Dollar Collapse Starts in Late 2014-Charles Nenner: ‘I Still Think The Big War Will Come From The Middle East.’

Who Is The New Secret Buyer Of U.S. Debt? JWR’s Comment: In December of 2013, when the protracted rumors of the Quantitative Easing taper finally came to fruition, I posted my conjecture that to compensate for the lost dollar value of the taper, the Fed would make backroom deals with one or more nations to either: A.) Swap debt purchases (their ugly paper, for ours), or B.) Secretly buy more of our own debt, through intermediaries. Based on the Zero Hedge report, it looks like Yellen & Company chose Option B. So here is my next prediction: The truth and …

The Successor to Keynes. – Mark the Hairless o o o Russia, China Plan to Expand Payments in National Currencies. The Demise of the Petrodollar. – G.P. o o o Items from The Economatrix: Jim Rogers Warns: “You Better Run for the Hills!” How Much Do Americans Earn? Average Income Data For Individuals And Households. Stagnant Income Growth For American Families. America Can’t Prosper With Low Rates, Weak Dollar Humor: Risk Of Another Financial Crisis “Very Low,” Geithner Says