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|User Info||It Is March of 2000?; entered at 2017-05-04 13:43:32|
So for those of us who have significant funds tied up in 401k, IRA and the like, what do you all suggest for a strategy?
Well, to be honest I think we are all gonna take it up the @$$. I've been wrestling with this problem for years and the best that I can come up with is the following: get 100% into short-term US Government bonds. Those are commonly called T-Bills.
Now, it is time for the disclaimer: I have no idea if that will work, will not work, or to what extent it will or will not work. Second disclaimer: If it does work I don't have any idea what there will be to spend the money on after the crash. It has turned into a roll of the dice that leads to another roll of the dice and, since we got into the 401(k) trap we can't avoid it.
Otherwise, Bagbalm above laid out a great strategy for the rest of your wealth/income.
Bottom line: Good luck to all of us because we are going to need it.