Your Questions About Invest In Gold Online

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Steven asks…

What should I do with $10,000?

I just took $10k out of my IRA. I want to invest in something for a quick profit. Is there an online business that has good chance of success? Should I buy gold? A particular stock?

What do you recommend for a quick and profitable venture?

Justin answers:

If you are under age 59 1/2, the IRS is going to take close to 40% of this in taxes and penalties. If you don’t have $4,000 to pay in taxes, then I would find a way to roll it over back into another IRA pronto. You only have 60 days to do this, so call up a good low-cost mutual fund provider and see if they can help you. Vanguard and fidelity are both good ones. Unfortunately, with this market, there is nothing you can invest in right now that will make up for the taxes & penalties you will pay on an early withdrawal.

Sorry – wish I had better advice to give you.

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