Saving money for retirement is always a good idea, but learn why right now is an especially good time to save in one particular way—with a Self-Directed IRA, which enables you to hold alternative assets like precious metals. 1. Get ahead of the next tax season. Chances are, you’ve already filed your taxes for this…
7 Reasons to Open a Self-Directed IRA Before the End of 2020DetailsRetirement. For many, it is the final prize after a life of hard work. People get a retirement date in mind a few years in advance. They draw up plans as to what hobbies they’ll finally indulge in with their newfound time and where they’ll live. They monitor their nest egg cautiously, watching with a…
Retiring in a RecessionDetailsCash and gold—two tangible assets you can hold in your hand and know that they mean something. Is one asset more powerful and longer-lasting? Learn why it might be a good idea to turn some of your cash into gold and how to do it. Why Turn Your Cash into Gold? When it comes down…
Should I Turn My Cash Into Gold? How to Do It & Who to CallDetailsA recent decision by the Federal Reserve may have long-reaching consequences on the power of American currency. For decades, one of the monetary policy goals of the Federal Reserve has been to try to contain inflation. After a period of high inflation beginning in the mid-1960s, the Federal Reserve famously made reducing inflation its primary…
Inflation, Debt, and the American FamilyDetailsIt’s a coin that prompts a double-take in more ways than one. First, there’s the name: Piedfort. Then, there’s the size: Piedfort coins are typically the same diameter as traditional coins but twice as thick. So what exactly is a piedfort coin? Let’s begin with the name. The word piedfort is French and means “heavy…
What Is a Piedfort Coin?DetailsWarren Buffett, the financial genius known as “the Oracle of Omaha” and CEO of Berkshire Hathaway, used to feel reluctant toward gold. For decades, he has advocated holding stocks for better growth potential over holding other assets. He has yet to publicly make any statements in favor of gold. In light of these views, some…
Oracle of Omaha Turns to GoldDetailsNew to IRAs? Get a quick rundown of IRA contributions—how much and how to make them—and, most importantly, how to make the most of them. Learn about Self-Directed IRA requirements and contribution limits. How Much Can You Contribute to a Self-Directed IRA? For 2020, the maximum contribution to a Self-Directed IRA—in the form of a…
Self-Directed IRA Contribution Rules and TipsDetailsYou might not realize it, but you’re surrounded by precious metals—in the car, at the dentist, even if you were to go to outer space. Learn about two of the lesser-recognized precious metals—platinum and palladium—and the many ways they’re used. What Are Platinum and Palladium? One of the rarest metals, platinum—which is silver-white in color—was…
What Are Platinum and Palladium Used for?DetailsWell-known throughout history as symbols of wealth, and commonly recommended by experts as hedges against volatility, precious metals are a key asset in many people’s portfolios. For many people, that typically means gold or silver. After a recent record-breaking run, gold and silver have been in the spotlight of a lot of news coverage. However,…
The Assets You Could Be OverlookingDetailsSelf-Directed IRAs got their start in the 1970s. Still, it wasn’t until 1997 that the IRS lifted restrictions on diversification and allowed plans to include specific types of precious metal coins and bullion. How did retirement savers come to enjoy the full freedoms and benefits of today’s Self-Directed IRA? Take a walk through history to…
The History of the Self-Directed IRADetailsIn June 2020, the IRS announced an important change for those in retirement or nearing retirement. The agency said that anyone who took a required minimum distribution (RMD) from certain retirement accounts could roll over those funds back into a retirement account. A key wrinkle to this change: The IRS imposed an August 31, 2020,…
Reminder: August 31 Is the Deadline to Return Retirement Plan DistributionsDetailsNew jobless claims have consistently remained high since March when lockdowns began across the United States. In the time since, those numbers have been decreasing, but while progress has been made, there are still signs of trouble on the horizon. Dallas Fed President Robert Kaplan recently upped his year-end unemployment projections. On Monday, August 3,…
Sluggish Labor Recovery Hits Another SnagDetails
