If you're looking to diversify your Individual Retirement Account (IRA) beyond simple mutual funds filled with stocks and bonds, consider how investing in gold may help diversify your portfolio. With all that has happened over the last few decades, investors are rightfully skeptical about the overall health of the stock market. Even though stocks have outplayed gold for several decades now, the risk of inflation is always present. This is the reason why investing in the precious metals market is becoming more appealing to people who are looking to hedge their investments and protect their savings for the future If you personally … [Read more...]
Consider a Precious Metals IRA to Diversify Your Retirement Savings
Although the global economy can at times appear to be on the mend, it can still be extremely unpredictable. If you have investments in a variety of traditional retirement accounts, including both an IRA and 401k, you already know how a volatile economy can wreak havoc with your savings. Fortunately, there is a way to avoid many of the ups and downs that are characteristic of bonds, stocks, and other paper-based investments. Opening a precious metals IRA account is a great way to insure your investments are safer so you will actually have money to live on when you retire. All investments are a gamble. That’s just the way it is. However, … [Read more...]
Calculating IRA Interest Rates and How They Can Work In Your Favor
Putting your money into an Individual Retirement Arrangement (IRA) is an excellent way to save for retirement. However, you need to make sure you have your money in an IRA that offers a good interest rate or you could be missing out on a lot of money. Most financial institutions that offer IRAs will allow you to lock in an interest rate for up to five years. This means that even if interest rates drop during that time, you will still be making as much money as you were when you opened the account at that rate. … [Read more...]
A Guide to Finding the Best IRA Accounts
You have done all the research on the various retirement accounts available to you and you’ve decided that you want to go with an IRA. It’s a good choice because you get several tax benefits that can help you save as much money as possible for your golden years. With a traditional IRA, you get your tax benefit on the front end, meaning you don’t pay taxes on anything in your account until you withdraw the money. With a Roth IRA, you pay taxes on the amounts deposited into your account at the time they are deposited, but you won’t pay taxes when you make your withdrawal, as long as you follow the IRS regulations governing these types of … [Read more...]