When Investing For Retirement, Retirees Biggest Fear Is
Running Out of Money...
The Average American Retirement Savings is in CRISIS
To Eleminate Possible Theats Your Retirement Investments Strategy is Crucial Post-Pandemic
Possible Social Security Cuts?
For years now, your social security savings have been raided by politicians who voted to change the rules so they can use these funds to pay for anything. You never agreed to that, did you?
Benefit cuts are on their way. The Social Security trust reserves are expected to be depleted by 2034, but others estimate it as early as 2029.
Also, with employers moving away from conventional pension plans and social security no longer a safety net, your retirement is in jeopardy.
Think again if you rely on Social Security for retirement. In September 2022, an average of $1547 was received by most people. Is this enough?
Social Security is not meant to replace your full income in retirement - as indicated by the Social Security Administration itself. A sobering thought!
Then also the prospect of losing much of your savings in a financial crisis or recession is always a reality, especially in the current economic climate.
The impact of a Recession and Inflation!
According to a 2019 report by the Employee Benefit Research Institute, the projection was that more than 40 percent of U.S. households are expected to run out of money in retirement.
The Trans America Centre for Retirement Studies states that 61% of workers still have not recovered from the recession of 2008.
The study also indicates:
- only 16 percent of workers feel confident they’ll have adequate personal savings for retirement.
- 83% of Generation X feel they won’t match their parents’ standard of living,
- Forty-five percent of baby boomers anticipate a drop in their standard of living, and
- only 18 % of millennials feel confident about retirement
According to the same survey, many workers will work past the age of 65 with the prospect of being dependent in later years on either their family, friends, the state or the government.
70% of workers think they will work for pay in retirement.
RCS continues to demonstrate that nearly half of retirees retire earlier than they expected.
4 in 10 retirees report they retired early for the fortunate reason that they felt they could afford to, but fully two-thirds report
their early retirement was for a reason out of their control, such as a health problem or disability, company downsizing or reorganizations, or caregiving for a loved one.
Workers planning to delay retirement gave the following reasons:
- Can’t afford to retire (49 percent)
- Lack faith in Social Security (46 percent)
- Health care costs (45 percent)
- Wanting to make sure they have enough money to retire comfortably (44 percent)
- Higher-than-expected cost of living (41 percent)
- Need to pay current expenses first (36 percent)
- The poor economy (32 percent)
Do you lie awake at night wondering...?
"I'm a baby boomer and retirement is around the corner, will my pension be
enough to sustain me and my family for the next 30+ years?"
The 5 Threats That Can Put Your Retirement Savings In Jeopardy!
Guard against these factors to realise your retirement goals
Everyone dreams of a prosperous retirement, but there are 5 threats that can devastate savings for retirement right when you need them the most.
- Threat #5: Divorce – make sure you and your partner stay aligned and plan together for your future
- Threat #4: Adult children and grandkids – make sure your own needs are met first before you look at the next generation
- Threat #3: Starting a Business – Many retirees have a dream of owning their own business, failure can lead to no funds for your later years.
- Threat #2: Buying a second home or vacation getaway – be aware of maintenance costs and property taxes that can turn your dream into a financial bottomless pit.
- Threat #1: Leaving yourself and your spouse vulnerable to market downturns due to an investment portfolio that’s not diversified enough
Guard against these possible threats that can put your retirement NEST EGG in jeopardy!
Retirement Planning is a life long process
Frequently Asked Questions About Planning for Retirement
A PRECIOUS METALS IRA is one way to protect your retirement, family and wealth!
After the events of 2020 and the subsequent turmoil in the stock markets in 2022 and with a recession looming,
higher interest rates by the FED, and the relentless printing of money it's crucial to look at different
options such as GOLD INVESTING COMPANIES to assist in diversifying one’s portfolio.
Why Precious Metals Investing Is Important!
1. Prepare for a possible Black Swan Event
Metals like gold and silver give us also an opportunity to create stability in our retirement portfolio that can be a great hedge option.
In the event of a stock market crash, by investing some of your cash in gold and silver, whether through personal investment or a precious metals IRA, you will spread your risk of financial ruin considerably.
Imagine if the stock market does crash shortly before your retirement!
With a diversified portfolio, you would be able to access much-needed funds and avoid potentially devastating consequences when a disastrous “Black Swan” situation occurs.
2. Does the G20 Summit have any impact on your Retirement?
In 2015 at the G20 Summit governments and central banks from all over the world met to decide the fate of your savings accounts should the world banks crash.
Their decision is that in the event of such a crash, your saving account is up for grabs.
There is a great possibility that they may have their eyes on your retirement account as well – every dollar you saved in the last 30, 40, or 50 years can be taken from you.
It would be legal and there is nothing you can do to save your funds.
By using one simple and legal IRS loophole you can protect your retirement dollars by adding physical assets like gold and silver to your retirement account.
3. Did the Stock Market Crash 2008 impact your financial future?
Similar to the stock market crash of 2008, the crash of 2022 will also have a huge impact on the future...
There are many ways to protect your finances and invest in your future.
One option is by rebalancing your portfolio away from vulnerable stocks into safer assets like bonds, mutual funds, and REITs.
Most people think of the stock market as the most important investment vehicle.
The reality is that it is but only one of the many options we have available to create a stable financial future.
One of the best options however is to own hard assets that have intrinsic value like gold, silver, and other precious metals.
These assets have proven wealth-protecting power.
Retirement Portfolio allocation and diversification is key to mitigate these events!
The goal must be to achieve a balance between the:
a) preservation of capital for safety, and
b) the growth of your capital to protect against inflation.
By diversifying our portfolio we minimize our risk when it comes to volatile situations.
in the precious metals industry we recommend!
Best Gold and Precious Metals Companies To Leverage the IRS Loophole Legally!
So, it can be a challenge in 2022 to pick the best gold investment company for your specific needs because there are such a lot of them.
Deciding on an investment strategy for your financial future into retirement is a big deal.
One needs to be informed and know that the gold investment company you decide on is the best for you and your needs and show you how to avoid taxes on 401k withdrawals if possible.
Therefore we have created this review of the top gold and IRA investment companies to help you secure your retirement with a self-directed gold IRA
Do a 401k to Gold IRA rollover Legally Without Risk
This will enable you to secure a financial future for yourself and your family…at the end of these reviews, you would be able to find the company that fits your needs.
They will be able to give you a 401k to gold ira rollover guide. A good time to explore a self-directed IRA is when you leave your employer or even just want to diversify your retirement portfolio.
A great option, due to an IRS loophole, is to rollover your 401k into a gold IRA. It however is very important to find the right gold IRA company to help you in this process.
You will love Goldco if you're a retiree! They are an established leader in the industry for more than 10 years. Their competitive buyback program, let you invest with confidence in the best precious metals available.
PRO's
Low costs
A+ BBB and AAA BCA rating
simple setup
CON's
platinum and palladium not available
Best for Protecting Your Portfolio when you're already Retired or Preparing to Retire
The main goal of Augusta Precious Metals is ultimately to help Americans protect their assets and make their lives easier through their focus on a customer-oriented approach to service delivery.
PRO's
customer support for life
A+ BBB and AAA BCA rating
simple setup
CON's
platinum and palladium not available
Best for Proffessionals who are Serious About Invesments for their future and that of their family
Noble Gold offers an easy entry to purchase precious metals. It's done in an honest and friendly atmosphere. They focus on educating you about the importance of tangible assets in a portfolio.
PRO's
fee structure transparency
segregated & dedicated storage
photos of your precious metals as proof
CON's
only about 7 years in business
Best for Entrepreneurs and Business People looking for a early retirement
At American Hartford Gold the aim is to educate and assist clients about precious metal investments with complete openness and fairness. They focus on unparalleled customer service.
PRO's
low $2,500 entry
A+ from BBB and AA rating from BCA
Lots of account options
CON's
no palladium on offer
Best when you focused on an Independent Lifestyle and see you as part of the Preppers
At Birch Gold, you are an important individual and not only a number. They help you through education to accomplish your specific investment needs and goals for your future in an honest way.
PRO's
minimum investment of only $10,000
A+ rating from BBB & AAA on BCA
very good customer reviews
CON's
custodian account setup not by Birch
Best if you Retired Recently or part of the Financial Independence, Retire Early movement - FIRE
The retirement accounts to fund Gold IRA Rollovers?
Convert 401k to Physical Gold by converting these retirement accounts
IRA is the term for an individual retirement account.
A rollover IRA is an individual retirement account that is funded by moving funds from a 401k, 430b, TSP, or similar retirement accounts into an IRA – rollover 401k into IRA.
A 401k is usually offered by an employer and an IRA is normally opened by an individual.
An investor can use existing retirement funds with a rollover IRA. By doing this you can take advantage of a broader range of investments than through a 401k investment alone.
You now have more options for investments by investing in a self-directed IRA – for example, a Gold IRA rollover.
You need a custodian for your SDIRA
The IRS regulations stipulate that your Self-Directed Gold Individual Retirement Account needs to have a custodian.
Your metals cannot be kept at home and per regulations, it needs to be kept safe and secure at a storage facility
ensuring all IRS and government rules are followed to avoid penalties.
The gold companies compared above will help you with regard to the rules governing the precious metals allowed in a Gold IRA.
Working through a trusted advisor you’ll make sure you adhere to the general regulations that apply to IRAs. Rules determine the required minimum distributions (RMD), contribution limits, and withdrawals.
Currently, there are good gold investment companies that specialize in helping individuals to invest in precious metals like physical gold, silver, platinum, palladium, coins, and gold bullion bars.
Today, the Top Gold IRA companies can be invaluable to help you make the right choices.
If it is a large investment and you want to roll over your 401k to a gold IRA after retirement,
a top investment company would be perfect to show you how to transfer 401k to gold without penalty by adhering to gold IRA tax rules.
Top Gold Investment Companies Post Covid-19
Frequently Asked Questions About Gold IRA Investing
Gold IRAs are a way for people to invest in gold, silver, and other precious metals. It is also referred to as self-directed IRAs or Precious Metals IRAs.
This will help you to diversify your portfolio. In doing this you’re not relying only on the stock market for your retirement funds.
When the stock market crashes you will not take the hit that hard right before retirement because your IRA investment can be used as a hedge against possible losses.
With a self-directed IRA (SDIRA) you can invest in alternative assets that are not found in traditional IRAs.
A custodian or trustee is needed with an SDIRA that will administer the account but the account holder (you) gets to manage the account directly.
Crypto 2022 can bring generational wealth..?
Even the cryptocurrency market is currently in trouble, and one needs to be informed about how to invest in crypto as part of one’s retirement planning.
A cryptocurrency IRA is a real option, even in this uncertain market. It is definitely an option to look at the best cryptocurrency to hold long term. On this site, you will find crypto exchanges reviews of the top crypto companies so you can be informed.
Are you happy with the provision you made for your retirement?
Crypto IRA Companies
Bitcoin and Altcoins on the Blockchain
If you have the stomach for it they will even help you invest in bitcoin and other cryptocurrencies – crypto is here to stay and would be a great option to diversify more and complement your precious metals investments.
A 5% allocation into bitcoin cryptocurrencies and altcoins can help you diversify more.