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Insights on money, career and trading

Ways to Make Your Retirement Safer

Posted on November 6, 2015 by Daniel at 9:20 pm

Are you one of those people who dreams of going away up the Nile in a hot air balloon some day? Maybe that scene from the Pixar movie UP gave you the shivers. You’re probably a working class person who feels like you are meant for greater things. If this is true, you can’t just leave your job now to do the things you have always wanted.

You probably have family and kids and a home to worry about right now. Keeping a job is absolutely imperative at this point in your life. However, during your retirement, you might be spending your days traveling to your favorite places, or staying in an Active Adult Living community and connecting with like-minded individuals. That said, the future is unpredictable. As old age approaches, you might start finding difficulty in doing basic tasks. So, if your retirement savings are done right, you might want to opt for the services of at home senior care professionals who can help you with your daily chores such as preparing food, reading to you, and watching for discomfort, and calling for health-care providers if necessary. As for the present, what you need to do is check these things off your list after you’re done with your life of working. You can do this by getting yourself a retirement fund or a retirement account at a workplace or a financial institution.

“Oh no.” you say to yourself. “Not another one of THOSE lectures.” Yes, this is one of THOSE lectures. But there is a slight twist this time. Do you like pirates? Yo-ho-ho and a bottle of rum and all that jazz? The treasure chests full of gold probably make you want to go buy a ship and go sailing. Well, how about a retirement plan that makes you feel like Blackbeard himself. That’s right, gold. You can get an individual retirement account (IRA) with real gold in your hands!

Sailing the High Seas with an IRA

This kind of account is called a gold IRA account, and you basically turn a part of the money into actual, legit gold. “What use is that, other than FUN?” you may ask. Well, it’s SAFE. See, gold doesn’t lose value because it isn’t directly linked to the stock market and the economy, unlike real money. This means that it will always be…well, golden. If you’re a wannabe buccaneer and you need some sort of plan for your future, you really should look into this kind of IRA, information on which could be found on websites similar to The Wealth Review (learn more here, if interested). It is extremely safe; especially if the market (which is going through a pretty choppy phase right now) should collapse without warning.

If you already have an IRA, that’s no big deal either. You can still get your hands on the gold (insert fantasy fiction reference here) by using something called a gold IRA rollover, which basically means rolling all your funds from one IRA into an IRA with a gold option. Yes, you can do this. It is perfectly legal. So if you have a retirement fund at your workplace already but you want to get one of the better, safer options, check the IRAs with gold in them out. They are definitely worth looking into, at the very least.

Don’t be worried as to how to get started with an open or rollover IRA account. You can start planning for your life of adventure after you retire quite easily. This way, it will also be very safe against possible pitfalls you can’t control. Get your new IRA account if you can, because you will definitely not regret it later on.

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Insights on money, career and trading