Before anyone can retire, they must first confront their retirement funds. While there are many options for money, not all of them are safe. There are many options for retirement plans: 401K and Individual Retirement Accounts (IRAs), certificates of deposits (CD), aswell as other private or public retirement schemes. You can see gold for IRA investment for more information.
These retirement plans have inherent dangers. Many 401K accounts have stock market exposure. Many 401K account holders do not know the stocks of the companies to which their 401K is connected. Similar holds true for public and private pensions. Many of them have been involved in Wall Street Hedge Funds and other questionable financial instruments. Many people lost their life savings or saw their wealth diminish in the wake the economic collapse.
IRAs offer a slightly safer source for income, as they can combine stock market investments and a fixed percentage that is deducted from the employee’s salary package. Many IRAs can be set up by banks. IRAs are not always secure because of the state of global banking.
The best source of security in today’s uncertain financial and economic environment is to invest in gold and silver. The bull market is still going strong for gold. Experts have estimated that gold is now worth $2,000 per ounce, more than 10 years ago when it was considered the bottom. Retirement financing is best if you have gold. Silver is still in its bull run. Silver is currently $30 per ounce. This is within reach of lower and middle income groups. Silver is the most secure option for retirement for people who can’t afford gold at $1400 an ounce.
Avoid paper when you are trying to secure your money. Papier-based commodities like stock, bonds, and fiat currencies are extremely risky. It is important to be cautious about making promises, even when you are investing in gold or silver. You can receive physical delivery of gold or silver in the form of billions and coins. This is the only method to guarantee your future income.
How you invest money for your retirement becomes a major concern as time gets closer. It is not a blessing to retire unless you are able to save and invest enough for a modest lifestyle. Your monthly worries will likely increase if you have no savings. You can see IRA gold for more information.
Everyone has taken note, based on recent economic declines and the slow pace of recovery. A word of gold. In these times of uncertainty it can be beneficial to convert your retirement fund into gold. In fact, for centuries gold was the dominant standard against which to measure wealth. When you possess it, potable money is guaranteed that won’t evaporate at the whimsy of the stock markets.
You may wonder about the ease and simplicity of a gold 401K transfer and how you can begin to invest in a new gold IRA. Even better, it is usually tax free and you don’t have to pay anything. To get started, open an investment account with a reputable firm. They will send you a certified investment advisor, and put him in touch with your company which manages the 401K. Select the precious-metals you wish to convert (a blend is usually good), then sit back and let them do the rest. It only takes a few weeks for your gold 401K to start working.
There is no direct cost to you for this. There are no costs associated with the transfer of your 401K. When you convert all or part your 401K account, you can protect against stock market declines as well as severe economic downturns. As you are aware, the stock exchange is currently at a high. However, this is going to change at some future point. This isn’t a case of if, but when.
If, on the other hand, you hold a gold IRA as an investment, it is possible to be sure that such a hit won’t wipe you out. Precious Metals, particularly gold, maintain their value far more reliably than stock investments and paper currencies. The markets will do great when you invest in them, and you’ll suffer less than everyone else when they fail. If you make gold investments you can do quite well even when the stock market is doing poorly. More people tend to turn to gold and this increases its value. In the end, it is a win/win situation.
Investors all around the world are anxious and have many questions. This question is drawing more attention: If you are considering Gold Investments, will gold continue to rise? Uncharted waters await us at $1400 an troy ounce. This question is much more important than whether or not it’s a good idea to buy gold right now. It signifies our faith in the World and the strength of our economies. …. You really need to read this article if you don’t know what I am talking. You can see gold price today for more information.
If you are a regular reader and have a deep understanding of the economics, financial markets, or how precious metals interact with each other, I’ll be glad to help. Here are some facts for those who don’t know much about this subject.
Around 5000 year ago, gold was money.
The value of paper was replaced by money by current world governments. However, it could only be used as a “note” to exchange for gold whenever the holder wanted.
These “notes” and their price were determined by the government. That rate ranged from $20 to $40 an ounce over many years. An ounce could be “swapped”, for the official price set by the government in dollars.
To be able to print and spend dollars, the governments would need to keep gold in reserve. If the national budget was about 20 billion dollars, with the official gold price at $20 an ounce the government was required to have 1 billion ounces stored in reserve. i.e… The Gold Standard.
The official move to lower the official price of gold would be the first to make the rules more flexible and allow officials more spending without having to collect any additional real money. If they had 1 billion ounces of gold in reserve (many believe long before this they stopped following these rules and stored less than they were directed to by law), and they changed to an official price from $20 to $30, they just added $10 worth of value to their supposed holdings of 1 billion ounces of gold…presto-change-o, $10 billion dollars of extra cash in their coffers.