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"Cash" position within an IRA account

suppose I felt a mother-of-all-times economic downturn coming into the markets and wanted to take all my existing investments, including fully invested IRA and Roth IRA accounts into a Cash status

is it simply a matter of moving from fund XYZ into whatever moneymarket account within that particular firm? does it matter in my doomsday scenario which type of moneymarket account I choose?

since I've written before about Vanguard, for examples sake, let's assume VEURX or NAESX moved where -> ?

I suppose that with a Roth IRA, in a real 1930's-meltdown and perfect Karnak Vision(sm) I could even take my own contributions and park them into a checking account and wait for the skies to clear. With a traditional IRA that is not possible so there would have to be a clear Cash type fund to park the money

Reply to
Jim
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Yes.

Maybe one that's insured, if that isn't part of your doomsday scenario.

IRA funds can be in CDs, savings accounts, and checking accounts (each check written being treated as a distribution).

-Mark Bole

Reply to
Mark Bole

That would depend on where and what type of brokerage account you have and what their offerings are.

Personally I have 2 Schwab accounts, an IRA and a regular brokerage account. I hold mostly mutual funds, bonds and cash. Presently I am about 1/3 each because there hasn't been many good fixed income securities available lately. As my bonds come due they are simply converted to cash and moved to Schwab's Value Advantage Cash Fund which is paying 5.04% now. I have also been buying short ( Vision(sm) I could even take my own contributions and park them into a

The CD's that I have been buying in my Schwab IRA account are with different banks and each is FDIC insured. That's better protection than an uninsured bond earning the same interest. You can also invest into government (US) bonds if you want security, but they earn less.

Reply to
Ernie Klein

Yes. Although cash is no protection in a dooms day scenario.

Probably not really. Insured or not, maybe the choice. But in a doomsday scenario, insurance companies are all going broke anyway.

In a 1930 type situation, banks will be failing left and right. What you need is gold, actual gold, not gold stocks. And a couple of good shotguns and lots of ammo.

Reply to
PeterL

Shotguns don't have enough range. You want to keep 'em far, far away from your pot-o-gold and a shotgun is basically ineffective at over 100 yrds. Along with the "lots of ammo" you want a good reloading rig too!

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Reply to
Sgt.Sausage

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