Most of us have savings for retirement – could be 401k accounts or IRAs. But do you know how these traditional accounts are managed and how they gain or lose value? If you’ve never explored this subject, it might be time for you to be more clued in so you are aware of how you are personally affected by national and international economies.
Nearly all 401k and IRA accounts are made up of a mixture of stocks, bonds, and mutual funds or money market funds. The accounts are usually managed by a third party hired by your employer to do exactly what they are doing – managing the mix of investment vehicles that hopefully make you money year over year as you leave what is in there and add to it every month. You might possibly have some ability to change the percentage on the mix of resources used, but this doesn’t always happen and you certainly don’t have the ability to change individual stocks or mutual funds in most cases.
This means that you are a total passenger with no control for this very important part of your potential retirement income. Getting some control can be difficult to impossible with traditional accounts, and when you understand how much you are at the mercy of others on this deal, it could make you nervous. In fact, it should make you nervous based on the financial forecasters predictions for the remainder of this year and going into the next – all are saying they expect a dip in the economy. The only question is the size of the dip – it could be a blip on the radar or it could be the next huge recession (we don’t want to think about the “D” word).
If you are nearing retirement, this could be cause for much worry since a huge hit on the stock market could wipe out years of incremental savings gains that you’ve seen in your investment accounts. As we all know, if this happens you are basically starting over and all the gains just go up in smoke. This is a daunting thought. Therefore, any way to mitigate this potential hit to your financial future needs to be explored and given serious thought.
One way to bring an additional element of safety and stability to your investment savings is by owning gold which is one of the most stable commodities of all time. Gold tends to remain constant, even in the face of stock market crashes. It generally rises in value when these hits come, actually, as everyone flocks to it as a safe haven. Getting some gold into your investments is easy, too. Goldco Precious Metals is a highly rated company that specializes in being able to convert IRA to gold for you – and it is at no additional cost to you.
Their process is easy and they provide excellent support and customer service during the procedures involved. All you really have to do is sign the paperwork and you’re set up. You’re owning one of the most treasured and predictable substances known to man – gold. Get yours from Goldco Precious Metals.