A gold IRA is a specific type of individual retirement account in which you have control over your investment decisions. An Roth IRA is an investment account that is similar to a traditional IRA but can hold stocks, bonds, or mutual funds. A traditional IRA allows you to hold precious metals and other alternative assets in compliance with IRS regulations, but does not confer the same tax benefits. … [Read more...]

What is the importance of an IRA? It is important to establish an IRA in order to save for retirement and take advantage of tax breaks while you are still working. Why is it important to know about the types of self-directed IRAs? How can a self-directed IRA take care of you during retirement? Although most of us start saving for retirement through our employer's 401(k) program, there are other … [Read more...]

If you are lucky, you have enough money to support your chosen lifestyle during retirement. For most people, finding a way to make some extra money in retirement would be a big help. This could be the distinction between barely making ends meet and having enough money to live comfortably. Instead of depending on a job to give you an income after retirement, you could instead start your own … [Read more...]

Alternative investments are investment assets that are not the traditional stocks, bonds, or cash. Although less well-known, alternative investments can be just as profitable as more conventional options like stocks and bonds. Keep reading to learn more about alternative investments and how they can benefit your finances. What Are Alternative Investments? Alternative investments are asset … [Read more...]

An SDIRA provides more options for real estate investment than you could ever imagine, and real estate investors are very creative when it comes to taking advantage of tax benefits. The growth of these investments in Individual Retirement Accounts (IRAs) is either tax-free or tax-deferred, depending on the IRA (Traditional IRA or Roth IRA). There are many different ways that these methods can … [Read more...]

One of the biggest challenges for starting a new business is finding the money needed for expenses before you have a regular income coming in. It can be difficult to ask friends and family for money to invest in a new business. If you're a new entrepreneur, you may not know that you can use retirement accounts as a funding source for your business. This can be a great way to get the money you need … [Read more...]

If you're still young or in the early stages of your career, you may not be thinking about retirement yet. One day, if you are lucky and save money regularly, you will be wealthy. A retirement plan is an important way to financially prepare for your later years. It is wise to start planning early in life, or as soon as possible if you have not done so already. You can save for retirement by … [Read more...]

In other words, a Gold IRA is an Individual Retirement Account in which gold coins or bullion are the primary investment. Most financial institutions can help you set up and maintain a Gold IRA. A Gold IRA is a retirement account that allows you to invest in gold. The benefits of a Gold IRA are similar to those of a regular IRA, but there are some key differences that make this type of … [Read more...]

Retirement planning is difficult now, especially if you start planning late. You need to find a retirement plan that best suits your needs. How much you'll need to retire depends on a lot of things like the kind of life you want in your golden years, if you want to leave an inheritance, expected health costs as you get older, inflation, taxes, and the economy. The most important factor might be … [Read more...]

There is no one-size-fits-all answer when it comes to saving for retirement and investing your savings, as there are many different plans and options to choose from. Many people choose to have a 401(k) as their retirement account because it is a tax-deferred account. Instead of a 401(k), some people opt for an individual retirement account (IRA). Although 401(k) plans are typically … [Read more...]