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CNY | Wife and I have had IRA's for decades as well as savings outside of IRA in more recent years. We feel it is good to spread out your investments beyond your business. You never know when you might be disabled or forced into retirement by illness, accidents, etc. Having money available can help take pressure off of having to make quick decisions about what to do with the farm assets. There usually is no penalty for this kind of early withdrawal. Our 2 uses for this money now that we are older are to use the required yearly distributions to fund 529's for grandkids and to have cash to help satisfy non farm heirs when our estate is settled.
If you truly think the economy will crash it won't matter what you invest in, the 99% will all be in the same boat. | |
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