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Stocks Continue to Fall, and Inflation May Be “Killing Retirements.” It’s Time to Take Action.


Written by Angela Roberts

Sep 22, 2022

As economic conditions tighten, many Americans start thinking about their own unique financial situations, wondering if they need to take new or additional actions to help protect their wealth. My response to those wondering is simple: It’s never a bad time to take action to protect your wealth—and each new headline is nothing more than another reminder that the sooner you act, the sooner you may be able to get the peace of mind that can only come from feeling secure about your financial future.

For example, on September 19, 2022, CNBC reported, “Stock futures pointed to more losses Monday—following the major averages’ worst week since June—as interest rates surged ahead of the Federal Reserve’s two-day meeting this week.” From this news, it seems as though stocks may be about to take another hit.

Likewise, on September 19, 2022, Fox Business published an article on a new book from financial expert Dr. David Phelps titled Inflation: The Silent Retirement Killer. According to the article, Phelps argues in his book that “decades of unchecked government spending coupled with the actions of the Federal Reserve made today’s inflation inevitable” and warns that “[consumers] must adjust and prepare for the long haul.”

Luckily for our clients, preparing for the long haul is one of our specialties here at U.S. Money Reserve—and if you’re the sort of person who likes to take their financial future into their own hands, there’s even more good news.

Negative news stories about the economy don’t have to be sources of stress. They can also be a jumping off point for taking action.

Hands making fists in frustration while looking at stock charts

When I see this sort of news come out, I like to examine all of my options and look for opportunities to take action. So believe me when I say that if you’re worried about where your retirement is headed, there are many potential actions you can take. The easiest step is just to examine your current financial situation—check how much you have set aside for retirement, whether you’re contributing to any retirement accounts each month and how much, and what assets make up those retirement accounts.

If you’re worried that your retirement account has too many eggs in one basket—for example, if your portfolio is too heavily allocated to stocks—you may wish to consider looking into alternative assets like precious metals. Gold, silver, and other metals have long been considered stores of wealth and may provide a much-needed extra level of protection to your retirement portfolio.

With a precious metals IRA, you can take full control of your asset mix.

Man leaning back from laptop with arms behind head

As both a mother and a CEO, I always like to know what’s going on around me. From my point of view, it’s hard to make and execute plans if I can’t see the complete picture of where things are right now. That’s why I appreciate what might be the greatest benefit of owning a precious metals IRA: always knowing exactly what’s in your retirement portfolio. But what exactly is a precious metals IRA?

Terms like “precious metals IRA” and “gold IRA” actually refer to a type of individual retirement account (IRA) known as a self-directed IRA. This kind of IRA functions like any other you may find through financial services providers, with one major difference: You are the one who controls all the activity related to your account, including the choice of assets.

You’ll still need a custodian—someone who will make the actual transactions regarding your IRA on your behalf—but with a self-directed IRA, that custodian will only take action on your say-so and only make the transactions you request.

This is one reason precious metals IRAs have been growing in popularity. More and more Americans want to take personal control of their own asset mix rather than entrust their wealth to someone who may make crucial decisions for them without their knowing all the ins and out of those decisions or what’s being done. If you’re the sort of person who likes to know exactly where their money is at all times, a precious metals IRA may be able to provide not only diversification, but also peace of mind.

There’s no better time to take control of your retirement portfolio than right now.

There are few things that can bring peace of mind like taking positive actions toward securing your future. Whether you set aside a little extra money for retirement or just spend an evening looking at potential travel destinations for when you finally retire, you can gain a wonderful sense of accomplishment from knowing you’re that much more prepared for retirement.

So when you open the newspaper or visit your favorite news website and see articles like the ones mentioned above, don’t just let them stress you out. Instead, consider taking action and seeing what options may be available to you to help secure your wealth. If you think a precious metals IRA may be right for you, call your dedicated U.S. Money Reserve Account Executive today.

To learn more about the benefits of precious metals IRA, CLICK HERE to request a FREE copy of our Gold IRA Information Kit.


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