Some analysts recommend allocating 5–10% of your portfolio toward gold and silver. Others suggest allocating up to 25%. So you may be wondering, “How much gold and silver should I own?” It depends on your situation and needs. The allocation will differ for every individual. To help you decide how much gold and silver you may want to...
When it comes to our economy, uncertainty will always be a factor. No one can ever say for sure what the future will bring. This is what makes diversification such a powerful tool—it allows you to control your portfolio’s level of risk exposure, keeping you within a range of risk that you’re comfortable with as events unfold. But when...
What You Should Know About Gold IRAs vs. Physical Gold People often want to compare gold IRAs and physical gold. When weighing your gold ownership options, its important to keep in mind that the former contains the latter. When you open a gold IRA, you use physical gold as an asset in your retirement portfolio. There are, however,...
Some things never go out of style—and that includes gold. So when times get tough or the future seems uncertain, Americans often rediscover their love of the precious metal. On Tuesday, February 14, 2023, news came out that inflation (as measured by the Consumer Price Index) once again came in hotter than expected. According to Kitco...
Research from the Investment Company Institute (ICI) found that more than 40% of households owned an IRA in 2022. Are you part of this group but considering what more you could do to help increase the strength of your retirement portfolio? If so, a gold IRA rollover might be a good option. This gold IRA rollover guide is a great...
Like millions of Americans, I like to check the weather forecast each morning so I have a good idea of what to expect and don’t get caught unprepared. It’s the same reason I like to keep my eye on headlines from around the world—the more I know about my environment and the world around me, the better I can prepare for the future. And...
Are you thinking about opening a self-directed IRA (SDIRA)? Find out how you can use alternative assets to save for retirement and how to choose the best self-directed IRA for your financial goals. What Is a Self-Directed IRA Account? A self-directed individual retirement account (SDIRA) is a financial account that allows you to save...
When we love someone or something, we go out of our way to protect it. But sometimes, it’s hard to know how best to provide protection when it comes to the uncertainty of the future. What might happen 10, 20, or 30 years from now? What can we do today to help ensure that our loved ones are protected long after we’re gone? This is the...
In addition to having an adequate amount of insurance coverage (home, health, auto, life, etc.) and a hearty emergency fund, being financially prepared for retirement may be one of the most important things you can do to protect your savings. Some people, especially those who may be averse to stock market volatility, prefer to prepare...
In a world full of economic uncertainty, there’s still one thing we know we can count on: the passage of time. For many of us, each year brings us closer to retirement—which is why I like to periodically check in on my retirement portfolio, plans, and goals and ensure that I’m on the right track. The start of a new year is particularly...
Fine gold, also called pure gold, is a term commonly used to refer to metal that is 99.9% gold. In some cases, as with bullion, the threshold for being defined as “fine” is 99.5% pure. Still others have reduced this threshold to 90% purity, though this is not common practice. Gold that’s 99.9% pure is designated 999 or 24-karat gold and...
Something I’ve always striven to do in my adult life is pay my debts on time. Whether it’s a credit card bill, a car payment, or the mortgage, I’ve always made it a priority to ensure that I pay my bills to avoid the repercussions of a late or missed payment. This may seem like a simple an obvious task, but it seems that our government...
