Edmund C. Moy collaborates with U.S. Money Reserve as Senior IRA Strategist. A recipient of the Alexander Hamilton Medal for public service, awarded to him by then-Treasury Secretary Henry M. Paulson, Jr., Moy served as the 38th Director of the United States Mint (2006–2011). Among many accomplishments during his tenure, Moy oversaw one of the largest increases in volume of precious metals output in Mint history, as Americans turned to safe-haven assets in the wake of the Great Recession. Prior to his time at the U.S. Mint, Moy served in both the George H.W. Bush and George W. Bush administrations, joining the latter in the White House as Special Assistant to the President for Presidential Personnel. A published author in the realm of precious metals, Moy offers decades of strategist experience and market knowledge.
One of the most important reasons we work to grow our wealth is to leave something behind for our loved ones. For my parents, this was not an option. They were entrepreneurs and immigrants who were not aware of all their savings and retirement options. Thankfully, I have been fortunate enough to be able to…
https://youtu.be/Wth8rWvJBP0 During my tenure as Director of the United States Mint (2006–2011), I witnessed the largest single bank collapse in U.S. history when Washington Mutual shut down in 2008 in the midst of the Financial Crisis of 2007–2008. I also saw how many Americans reacted during this time of uncertainty and the proceeding Great Recession,…
Given the current economic climate, it’s no wonder that the topic of economic recession has been on many people’s minds—and no wonder that when we think recession, many of our minds think back to 2008. This is especially true for me because during the 2008 downturn, I was serving as Director of the United States…
Whether you’re purchasing gold coins or setting up a gold Individual Retirement Account (IRA) to prepare for retirement, you’ll find it’s important to consider the risks of buying gold. As one of the oldest commodities still traded today, gold remains popular for many reasons—risk reduction among them—but however relatively small the risks, gold does have…
Recently, I read an article by MarketWatch that reports stable value funds as today’s most popular asset to include in a 401(k), despite what MarketWatch calls the “complex risks” involved. As the article puts it, these funds are both “widely seen as a safe haven” and “often opaque.” But what are these assets, and how…
There have been recent discussions about the sell-off of U.S. bonds and what the bond market is telling us about the potential of a major crash ahead for the American economy. Is this business as usual? Is it a sign that the bottom is about to drop out? Or is it something in between? Given…
If you’re starting your retirement planning journey, you might be confronted with a lot of finance jargon. Even armed with a degree in economics, I sometimes find it hard to read through material on retirement planning. Cash surrender value, charitable remainder unitrust, codicils, dollar cost averaging, and a whole host of acronyms like AGI, AMT,…
Scan the headlines today, and one thing becomes clear: Current economic conditions are still creating worry among consumers. On May 13, 2022, Fox Business reported that “consumer confidence tumbled more than expected, to a fresh 11-year low in early May, reflecting heightened concerns among Americans about the hottest inflation in a generation.” Google Trends confirms…
When you diversify your portfolio, you help lower its overall risk exposure by allocating funds among various asset classes. Diversification avoids relying too much on the performance of a single asset class, helping you weather economic uncertainty and grow your portfolio. But is there too much of a good thing when it comes to diversification?…
Understanding the different asset classes is essential to achieving portfolio diversification—a must-have for long-term portfolio performance and something I’ve witnessed the need for firsthand. As the son of immigrants, I grew up watching my parents pursue the American Dream. They started a Chinese-American restaurant, and I worked alongside them to grow the business. During this…
A realization struck me on my birthday last year: I was one year away from the traditional retirement age of 65. I didn’t feel like I was almost old enough to retire, and with two young daughters I don’t think I’ll be retiring anytime soon—but it got me thinking about being prepared to retire. Here…
A tax refund is a reimbursement of taxes that you’ve overpaid to the federal or another government. The U.S. Treasury Department estimates that nearly 75% of federal taxpayers wind up with tax refunds because they overpay their taxes. As of April 15, 2022, the average federal tax refund for the 2022 tax-filing season was $3,103,…
