AUSTIN, Texas, May 9, 2023 /PRNewswire/ -- In 2023, the Federal Reserve began researching a digital form of the dollar, making the U.S. the latest country to explore an official digital currency. Critics contend that digital forms of currency make private consumer...
Will Social Security & Medicare Run Out of Money? Former White House Insider Weighs In
AUSTIN, Texas, April 11, 2023 /PRNewswire/ -- At the end of March, the Social Security and Medicare Board of Trustees issued their annual report, revealing that these programs are projected to run out of money within a decade. Edmund Moy, former White House aide, 38th...
What Does Higher Inflation Mean for You Today and In the Future?
Find Out Who Is Hurt by Inflation Most Often and What You Can Do to Hedge Against Its Effects. Inflation is an important economic indicator. It indicates how fast prices are changing across the economy, and it can impact everything from the interest rate on your...
5 Reasons to Trust Your Gold IRA
As financial news continues to focus on the collapse of Silicon Valley Bank, many Americans are voicing concerns over their own deposits, as well as the security of America’s banking system as a whole. But rest assured, when you place a portion of your wealth in an...
What Is the Relationship Between Inflation and Gold?
We’ve explored the relationships between gold and oil and gold and interest rates. But what about the relationship between gold and inflation? In the current economic environment, understanding how the two are tied together may be critical. How Are Inflation and Gold...
Can You Contribute to an IRA After Retirement?
Retirees who want to continue growing their retirement fund can contribute to an IRA after retirement as long as they receive taxable compensation or “earned income” during the year. As of 2020, the IRS does not have an age limit on making contributions to Traditional...
How Much Gold & Silver Should You Consider Owning?
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...
Gold IRA vs. Physical Gold: What’s the Difference?
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...
What Is a Self-Directed IRA (SDIRA)?
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...
Top 5 Benefits of a Self-Directed Precious Metals IRA
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...
What Is Fine Gold, and Why Does it Matter for You?
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...
When is the Best Time to Retire? How to Know When to Retire vs. When Not to Retire
Few decisions in life are as important as deciding when to retire. It’s a decision that can impact your day-to-day situations for the rest of your life. Given the weight of this decision, it’s not surprising that many Americans seek guidance on both saving for...