1-866-646-8465
CHARTS
0

Your Cart:

Subtotal: $0.00

What Is the Retirement Risk Zone—And Are You in It Now?

Hand moving chess piece

On June 14, 2022, Fox Business reported that “Wall Street’s favorite recession indicator is flashing red.” The same day, AP News reported that an inversion in U.S. Treasury bond yields “raises worries over recession.”

For Americans nearing retirement, these sorts of headlines and news stories may seem discomforting, while those whose retirement is still decades away may assume there’s still plenty of time to readjust.

For me, stories like these represent opportunities and perhaps a call to action. The sooner we move to diversify and protect our portfolios, the sooner we can enjoy peace of mind—and the more time we have to course-correct as necessary.

Planning ahead and thinking long-term are essential to weathering economic uncertainty.

On June 15, 2022, The Washington Post published an article offering some financial moves consumers can take to prepare for a possible recession, which includes shoring up 401(k) and IRA accounts. As the article points out, “A record number of workers are becoming millionaires with their boring 401(k)s and IRAs. Many never earned six-figure salaries.”

Hand holding umbrella over piggy bank

Thinking long-term has been a bedrock of financial planning for generations. Putting together a well-diversified portfolio that includes saving for retirement may help reduce overall risk exposure, offering additional protection during times of possible recession or other economic uncertainty.

And being proactive doesn’t have to mean taking a “set it and forget it” approach. I also believe in the importance of regularly checking in and reevaluating our asset mixes and diversification strategies. As writer Matt Carothers states in an article published by Forbes on June 14, 2022, “People often focus on their finances when life changes happen or tragedy strikes—but just like an annual checkup with your doctor, it is important to be proactive by reviewing your finances annually versus taking a reactive approach.”

Planning ahead may also help you avoid calamity in the “retirement risk zone.”

Back in 2017, the American College of Financial Services identified the “retirement risk zone,” which encompass the final 10 years of working life and the first 10 years of retirement. This 20-year span is when nest eggs are both at their fullest and most vulnerable to loss. This vulnerability comes because of a relative lack of time for an asset to recover compared to assets that may experience negative movement more than a decade before retirement.

But by planning ahead and taking action when opportunities present themselves, we can help ensure that our portfolios are well-diversified and thus may be better protected against the sort of economic turbulence or financial shock that can severely impact a portfolio.

Precious metals can help protect your portfolio in the long term.

Precious metals like gold have a well-established history of increasing over the long term and providing an extra layer of protection during times of economic uncertainty. In our special report, “The Precious Metals IRA: Protection in the Risk Zone,” we explain how adding a precious metals IRA to your portfolio can help you diversify your retirement portfolio and enjoy the benefits of IRA ownership while also gaining wealth protection in the form of physical precious metals.

Risk Dial Knob

In a world where news outlets are flashing warnings of a recession and offering ways to protect your hard-earned wealth, it may be time not to just set immediate plans, but also to look to the future. Planning ahead can provide peace of mind, and precious metals can be an important piece of your long-term financial puzzle.

To learn more about the “retirement risk zone” and precious metals IRAs, CLICK HERE to request a FREE copy of our special report, “The Precious Metals IRA: Protection in the Risk Zone.”

Recent Articles

What Is Silver Used for? 10 Fascinating Uses for Silver

What Is Silver Used for? 10 Fascinating Uses for Silver

Silver might not always get the glory and attention that gold does, but it remains one of the most useful precious metals in the world. Solar technology, electronics, soldering and brazing, engine bearings, medicine, cars, water purification, jewelry, tableware, and...

Can an IRA Account Be Gifted?

Can an IRA Account Be Gifted?

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...

Gold Stocks vs. Physical Gold — What Is the Difference?

Gold Stocks vs. Physical Gold — What Is the Difference?

You want to buy gold to help diversify your portfolio, but you’re not sure whether you should buy physical gold vs gold stocks. You may be asking yourself: Are they essentially the same thing? Does your portfolio experience the same benefits if you buy physical gold...

Can You Buy Gold and Silver From a Bank?

Can You Buy Gold and Silver From a Bank?

Central banks are among the largest buyers of gold and have some of the largest gold holdings, yet it’s very rare for customers to be able to buy gold at banks. In fact, it’s unusual for typical banks to sell any precious metals. And even when they do, their selection...

Flying with Gold Coins? What You Need to Know About TSA Guidelines

Flying with Gold Coins? What You Need to Know About TSA Guidelines

You’ve decided to buy gold coins for your four kids as holiday gifts, and you’ll be flying from Albuquerque to Atlanta with these prized presents. First off, you’re a great gift giver! Gold coin gifts are Santa-approved. Second, and more importantly, you need to know...

How to Find a Lost IRA and What to Do With It

How to Find a Lost IRA and What to Do With It

Retirement accounts are often “lost” when people switch jobs, go through a major life change like a divorce, or transition among financial institutions. “There are more than 24 million ‘forgotten’ 401(k) accounts containing some $1.35 trillion in assets,” according to...

Start diversifying today

   1-866-646-8465

As one of the largest distributors of precious metals in the nation, U.S. Money Reserve gives you access to our highly-trained team.

U.S. Money Reserve Gold Kit and Global Gold Forecast Special Report Thumbnail
The Ultimate Guide

Free Gold Information Kit

Sign up now to receive the ultimate guide to gold ownership, unlock special offers, and more.