Can Hyperinflation Happen in the USA? | Phil Town

Hyperinflation is a term that most people have heard before yet a term that many don’t understand beyond knowing that it isn’t a good thing. On that much, they’re right; few factors can cripple an economy so swiftly or so completely as hyperinflation.

In this video I give you some example of hyperinflation in the past and whether or not I think it can happen here in the United States now that the gold standard isn’t in place.

Looking to master investing? Attend one of my 3-Day Transformational Investing Workshops, virtually! Reserve your seat here: https://bit.ly/r1-virtual-workshop

_
Learn more:
I’m now on Clubhouse! Give me a follow: @philtown — see you there!

Subscribe to my channel for free stuff, tips and more!
YouTube: http://budurl.com/kacp
Facebook: https://www.facebook.com/rule1investing
Instagram: https://instagram.com/ruleoneinvesting
Twitter: https://twitter.com/Rule1_Investing
Google+: + PhilTownRule1Investing
Pinterest: http://www.pinterest.com/rule1investing
LinkedIn: https://www.linkedin.com/company/rule-1-investing
Blog:
Podcast:

Buy my bestselling book Rule #1: https://amzn.to/2R9Gofj

Shopping through my amazon link is one of the best ways to support my YouTube channel!

inflation, stock market, federal reserve, how to invest, economic collapse, hungary, dollar collapse,

What You Need to Know About 401k Plans

This article goes over some of the basic facts you need to know about 401k plans to start building towards a healthy retirement. Basic things like how to set one up, penalties, and contribution matches should all be things you know about before investing.

401k Plan Facts

For someone who has yet to start saving for retirement all of the options can be very overwhelming. These 401k plan facts will help you get up to speed and come familiar enough to get started investing for your future.

Diversifying Your IRA With Raw Land & Other Real Estate Investments, Savvy Americans Are Using IRA

Developing wealth with traditional Roth and SEP individual retirement accounts (IRAs), as with all types of investment portfolios, requires diversification and knowledge. With Wall Street activity that is inconsistent to say the least – stocks, bonds, money market funds, savings certificates and mutual funds are all suffering. As a result, more and more financially, savvy Americans are taking advantage of a little known IRS clause that allows you to build wealth in your IRA accounts by purchasing certain types of real estate – all tax deferred. This is a long standing tax advantage versus some of the new programs of today.

Roth IRA Distributions

For a Roth IRA account, the tax treatment of distributions would depend on whether the distribution is qualified or not. A qualified distribution will be tax and penalty free and meanwhile, a non-qualified distribution will be charged with taxes and early distribution penalties.

Disadvantages of a 401k

The disadvantages of a 401k are really based on your perspective. The main issue that causes problems for some customers is the level of control they have over their accounts and investment choices.