Your Ready Made IRA

                                       Young William J. Williams II

You have been working at a job for a number of years and now the company is closing. Maybe you are being laid off. What if you found a new job and turned in your notice to your old job that you are leaving. What about your 401K that you have at that old job?

                               Young Darnell L Williams


I don’t suggest you spend it. This money is for your retirement. I suggest that you cash all the investments in and transfer your account full of cash to your new self-directed IRA. Do not take possession of the money. Have your employer send your 401K cash to your IRA administrator. Then buy high yield corporate bonds (not bond funds) with the money.

This is how it is done.

          1. Go to your employer and ask for the person who takes care of the 401K accounts. Tell them that you want cash in all your investments and you want to transfer your account. They will have you fill out the proper forms to cash in all your investments in your 401K.

          2. Open a new self-directed IRA account with an online investment firm. The people at the help desk of the online investment firm will help you open the account. They will tell you how to transfer your 401k to your new IRA account.

          3. Have the old employer transfer the 401k money to your new IRA account. Do not take possession of the money yourself. If you do, you may have to pay taxes on the money. This is why you are going to transfer your account tax deferred to your new IRA account.

          4. Once your money is in the account, then you can buy as little as one High Yield Corporate Bond for your new IRA. The money will accumulate tax deferred.

To learn more about how to buy corporate bonds, take my course!


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The Greedy Friends Stock Club Stock and Bond Course

Your retirement program should be part of your overall life strategy. Once your earning years are behind you, the money will not come in like it once did. But your bills will increase as you get older. Your medical bills will rise the fastest. Don’t think that Obama Care is going to pay for all your medical expenses. Don’t think that Medicare is going to be any better. As time goes on, these programs will offer less and less to the public.

                 Senior Citizens William J and Jean J Williams

Your financial health and the financial health of your family is your responsibility. It is not the responsibility of the church, the community, or the government.

Damine and Stephanie (Williams) Tulloch and family