Retirement is a hot topic no matter what age you are and how far you are from retirement. It is an important, yet under comprehended topic mainly because many people do not take the initiative to educate themselves about it and subsequently act. Unfortunately for many, retirement planning is an afterthought during one’s earlier years.
In this article, our contributor sheds light on a few different options one can consider as potential retirement vehicles to accomplish one’s retirement objectives. I know you will find it helpful.
Last week, I opened a retirement account at my bank. Over the past ten years, I have been working with the same company. My employer was able to provide me with the option of getting a 401(k) retirement account with the company. This seemed like a good idea at the time I was hired. However, a few years in, my financial knowledge has increased quite a bit.
I began to realize certain things had to be changed about the way I was planning for my retirement. Now, as many of you may know, I am a big fan of college basketball. I’ve been thinking about playing some ball when I retire, just for kicks. To do this, I need to be able to retire comfortably. After all, playing ball is going to be out of the question if I am struggling to survive after retirement.
In order to assure myself that I was set to retire in comfort, I needed to have more control over the money in my retirement account. While the 401k with my employer was serving me quite well, it did not give me much control over the funds that were in it, or how to manage them. Because of this, and because it had the distinct disadvantage of being linked to me staying on in my current job until retirement, I decided that I needed to move my retirement account elsewhere.
After doing a lot of research, I decided that what I needed to make sure that retirement was at the top of the list when it came to security was to get a silver IRA account. This is because it has been tried and proven time and time again that precious metals are the safest option when it comes to retiring. This is due to the fact that metals like gold and silver tend to stay constant in relative value over generations.
You can see this very clearly when you look at the prices of silver over the past 20 years. Even when the recession hit and the dollar value fell to an all-time low, the prices of metals like silver only experienced tiny fluctuations in value. This is one of the best parts about getting an individual retirement arrangement with silver assets included in it.
It is the reason that I decided to get one for myself. Now, I already had myself a retirement account with my employer. How would I manage two accounts at once? The drain on my resources would be too much for me to live in comfort in the PRESENT. That’s when I learned how to set-up a silver IRA rollover with my employer.
This option allowed me to take the money from my 401k and deposit it into a normal IRA account, with almost no hassle. Of course, most employers offer assistance in getting a rollover done. I used their help, as well as my own researched knowledge in order to gain the upper hand in the retirement game. Getting a precious metals IRA is something that I would highly recommend to all of you as well.Previous: Notes from My Google Adsense In Your City Visit and My 1 on 1 Meeting With Google