“Golden” Retirement Planning

types of retirement plans Let me cut to the chase. There are traditional Retirement Plans that everyone knows and talks about and there are Non-Traditional ones that just a select few savvy people are aware of and are taking advantage of right now.

In this article I am going to start by recapping the traditional ones then I will lift the lid on the ones you really need to know about in these crazy economic times that are casting so much uncertainty around us all and which are threatening our future prosperity.

What Are Some Of The Traditional Types Of Retirement Accounts?

There are different types of retirement accounts and plans out there for you to choose from. So let’s take a closer look at the various ones being offered to supposedly fit in with your future goals and dreams for retirement:

the first type of retirement plan that I’d like to mention is called a simple IRA. If you need to choose this option then you are going to find yourself in a situation where you work for a company with less than 100 employees. You will not be forced to contribute into this plan at all, so you definitely want to make sure that you take full advantage of all of the options available to you that you will get with this type of an IRA. Your employer will have to contribute though, so you will at least get that benefit to help you build your future after you retire.
The second type of pension plan that we’ll discuss is called a simplified employee pension, or SEP for short. This is what a lot of small businesses will offer because this only works for a company that has less than 25 people. There are some very specific requirements that need to be met, and you will need to be with your company for at least three years before you are eligible to receive any of the contributions. Your employer will decide on the amount of the contributions each year, so you’ll have to discuss that together and come to a mutual agreement.
A 401(k) is the third option. Any contributions made are often growth tax-deferred and if you withdraw this money before you reach retirement age you are going to suffer some very severe penalties. The options for 401(k)s most often are simple 401(k), traditional 401(k) or safe harbor 401(k) plans. Occasionally a company will also have a Roth 401(k) plan which allows you to make further contributions of either your pretax or after-tax salary.

What Are The Non-Traditional Retirement Plans That I Should Know About?

The biggest investment opportunity available right now is to begin investing your money in precious metals. The potential precious metals that you can invest in are gold, silver, platinum and palladium. These are very good investment opportunities to take full advantage of during a struggling economy.

Take gold for example. It has what is technically known as a ‘negative correlation’ with stocks, bonds and the value of the dollar. This means that when they all go down, gold goes up in value. You’ve probably read that the US National Debt has soared to a staggering $15 trillion and is rapidly spiraling out of control. What you may not know is that the value of gold has gone up for the last eleven years in a row. Or that is has gone up in value 600% since 2002!

Maybe you also were not aware that emerging countries like China, India and Russia are replacing their reserves of paper money with gold as quickly as they can. Or that super wealthy individuals all around the world are doing the same?

Well what not everyone lets on is that everyday folk like you and me can protect our wealth, savings and future prosperity too by investing in gold and other precious metals and that we can also incorporate these investments into our retirement plans.

Yes, that’s right. We can use these forms of investment to hedge against the current inflation and the threatened hyperinflation that our governments are leading us to by printing more and more money. And the even better news is that if set up correctly we can use a precious metals retirement plan to legally invest in precious metals now and not have to pay any tax on our gains until we retire.

What’s The Best Way To Invest In Precious Metals For My Retirement?

The main way is to open up a self-directed IRA account that allows you to purchase and hold gold and other precious metals as part of this investment vehicle.

You see, not every IRA account will allow you to have gold or precious metals as part of your holdings, so you have to open up a particular type that is most often referred to as a Gold IRA Account. This is the best way of gold investing when you are doing it from the perspective of a way to help solidify your retirement and to help your retirement account grow.

Who Can Help Me With All This?

Look, I’ve touched on some of the ways precious metals retirement accounts and gold IRAs work and although I know more about them than most people there’s no way that I am an expert. So the best bit of advice I can give you is to talk to an expert. Someone who knows the ins and outs of transferring or rolling over IRAs and 401ks or of setting up a precious metals retirement plan up scratch. And someone who knows exactly which types of gold and precious metals you are allowed to incorporate into one of these plans

When I first looked into investing in precious metals, I realized right away that there was only one company that I felt comfortable dealing with throughout this entire process. The name of the company is Regal Assets, and I was very cautious when I first started dealing with them but the three different representatives I spoke to were extremely competent and very knowledgeable about gold and precious metals IRAs.

I have made a video review of Regal Assets. To watch it please click here: Regal Assets Video Review

So what I did to get my relationship started with the people at Regal Assets was I filled out my contact information on the form of the website that I was reading at the time. I’ve placed one of these forms at the top right hand side of this site so you can start the process as well.

One of their very knowledgeable staff members contacted me right away and after speaking to this individual for a brief period of time we eventually began the process of creating a self-directed IRA and investing in gold and silver. These were investments that I wanted to make to help diversify my portfolio and solidify my financial future.

It may surprise you to know that the process of setting up a precious metals retirement plan is really simple and straightforward and only takes a few weeks from start to finish. If you would like to know how that process works in detail then skip across to the acount I gave of when I set up my own one here: Step By Step Process

What I recommend you do now is send Regal Assets your name, email address and telephone number in the form I’ve put at the top right of this site then one of my friends there will get right back to you to discuss all your requirements. He will also send you out a complimentary Gold Investment & Retirement Kit which will include a whole load of really useful information, both about precious metals and precious metals retirement accounts. It will also include information about their Company which you need to know if you are going to trust them with your future. If you’re lucky like I was he might even slip something else into the package that I really wasn’t expecting.

Why Bother With Retirement Planning?

retirement planning It’s never too early to start planning for your retirement, and you definitely want to make sure you have yourself a nice nest egg set aside so that you can truly enjoy the golden years of your life. You don’t want to have to worry about money troubles when you are older and you will not have the skills any longer to compete in the workforce. So it’s very important that you take care of all of your financial issues now so that you are safe and secure when the time comes for you to sit back and enjoy your retirement.

You need to work on ways to secure your retirement right now because you’re going to have a lot of other things that you need to focus on as you get older. One of the main things that you are certainly going to want to do is spend time with your grandchildren and you may even need to help out your children by supporting them in a role as a babysitter or caretaker for their little ones while they are working and doing what’s necessary to support their family. You’ll only be able to do that if you take care of your financial retirement planning now so that they aren’t an issue once you reach that point in your life.

Don’t leave your retirement to chance. If you fail to take advantage of the options mentioned here to protect and secure your future whilst they are still available to you and before it’s too late you could end up regretting it. You don’t want to end up flipping burgers just to get by in your twilight years, do you! Get started now by filling in the form at the top. I’m sure that at some point in the future you will look back at this as a momentus decision that enabled you to enjoy the sort of retirement that you always intended whilst others around you are not so fortunate.