If you’re interested in gold retirement investing, you’ve come to the right place. Our experts have helped many clients develop an ideal gold retirement plan, and we can do the same for you.
There are many ways to begin investing in your future. But many people cannot afford to save much of their income every week, every month, or even once a year. As we all know, financial security in retirement doesn’t just happen. It takes planning, commitment, and some sort of monetary investment. While there are many different investment vehicles out there—some better than others—we highly recommend looking into gold retirement investing.
If you make a small commitment to save for your future, it will become a habit that will greatly benefit you in years to come. In particular, a precious metals retirement plan is a solid approach, whether you prefer physical bullion gold retirement investing or an IRA.
If you’re already saving, for retirement or another goal, keep going! You know that saving is a rewarding habit. If you’re not saving, it’s time to get started. The earlier in life you start, the more you’ll have when you need it.
Start small if you have to, and try to increase the amount you save each month. Make saving for retirement a priority. Devise a plan, set goals, and stick to them. Remember, it’s never too early or too late to start saving through gold retirement investing.
Precious metals are the safe-haven asset of choice. The attributes that make precious metals a safe investment naturally extend to a precious metals IRA, in which real, physical metals are held in your account.
Unlike paper assets, which may become devalued in a future crisis, the value of precious metals can never fall to zero. Nothing brings peace of mind like knowing your retirement assets are stored away for use when you want. Click here for more information on setting up a gold retirement plan.
Retiring is expensive, but gold retirement investing can ease the financial burden. Experts estimate that you'll need at least 70 percent of your pre-retirement income—90 percent or more for lower earners—to maintain your standard of living when you stop working. Take charge of your financial future. The key to a secure retirement is to plan.
If your employer offers a retirement savings plan such as a 401(k) plan, sign up, and contribute all you can. Your taxes will be lower, your company may kick in more, and automatic deductions make it easy. This approach works very well alongside gold retirement investing. Over time, compound interest and tax deferrals significantly affect the amount you will accumulate.
Find out about your plan. For example, how much would you need to contribute to get the full employer contribution, and how long would you need to stay in the plan to get that money?
If your employer has a traditional pension plan, check to see if it covers you and make sure you understand how it works. Ask for an individual benefit statement to see what your benefit is worth. That way, you can plan your gold retirement investing strategy accordingly.
Before you change jobs, find out what will happen to your pension benefit. Learn what benefits you may have from a previous employer. Find out if you will be entitled to benefits from your spouse’s plan. Similarly, a gold retirement plan may also benefit your spouse’s future.
How you save can be as important as how much you save. Inflation and the type of investments you make play important roles in how much you’ll have saved once you retire. Know how your savings or pension plan is invested. Learn about your plan’s investment options and ask questions. Put your savings in different types of investment vehicles—gold retirement investing is a dependable choice.
By diversifying this way, you’re more likely to reduce risk and improve return. Your investment mix may change over time depending on several factors, such as your age, goals, and financial circumstances. Financial security and knowledge go hand-in-hand.
If you withdraw your retirement savings prematurely, you may lose principal, interest, and tax benefits, or have to pay withdrawal penalties. Although, if you’re transferring or rolling over to a precious metals IRA, you can do so without penalty—another benefit associated with gold retirement investing. If you change jobs, leave your savings invested in your current retirement plan, or roll them over to an IRA or your new employer’s plan.
If your employer doesn’t offer a retirement plan, suggest that they start one. There are many retirement saving plan options available. Your employer may be able to set up a simplified plan that can help both you and them.
You can put up to $5,500 a year into an individual retirement account (IRA). You can contribute even more if you are 50 or older. You can also start a traditional or gold retirement plan with much less. Of course, physical gold retirement investing can occur at any age in increments that fit your current budget.
IRAs also provide tax advantages. When you open an IRA, you have options: a traditional IRA, Roth IRA, or precious metals IRA.
The tax treatment of your contributions and withdrawals will depend on which option you select. Also, the after-tax value of your withdrawal will depend on inflation and the type of IRA you choose. IRAs can provide an easy way to save. You can set it up so that an amount is automatically deducted from your checking or savings account and deposited in the IRA.
If you’re interested in gold retirement investing, you may be pleased to learn that a precious metals IRA gives you the advantage of moving funds from your current IRA to having precious metals such as silver or gold physically held in your precious metals retirement account. The intention of investing in precious metals through your IRA is to have your funds increase if the value of your gold retirement investment increases.
Social Security pays benefits that are, on average, about 40 percent of what you earned before retirement. You may be able to estimate your benefit by using the retirement estimator on their website. For more information on estimating your benefits, visit their website or call 1-800-772-1213.
Whether you’re interested in gold retirement investing or other methods, it’s important to speak with a qualified adviser. Get informed before making any investments requiring more money than what you consider reasonable. Check with the U.S. Department of Labor for more information, and talk to your employer, bank, union, or financial adviser. Ask questions, and make sure you understand the answers. You’ll be happy later in life that you began preparing for your future today.
The experts at Endeavor Metals are happy to assist you in setting up a precious metals retirement plan. From physical gold retirement investing and precious metals IRAs to numismatic coin collecting, we’ll provide personalized guidance based on your individual financial goals and requirements.
Endeavor Metals is a Tier 1 U.S. Mint bullion dealer with an A+ Better Business Bureau accreditation and a 4.9 Google star rating. We are a member of numerous prestigious organizations, including the member of the Industry Council for Tangible Assets, the American Numismatic Association, and the Certified Acceptance Corporation (CAC).
We make gold retirement investing easy. If you’re ready to start planning for your future, let’s talk. Live well in your golden years with a gold retirement plan.Contact us today at 855.753.3575