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Making more money does not automatically create financial clarity. Entrepreneurs can build successful companies, generate substantial revenue, and still feel uncertain about cash flow, taxes, investments, retirement planning, and where their money is actually going.
...If you are thinking about hiring someone to help with your money, one of the most important words to understand is fiduciary. It may sound like legal jargon, but the concept is simple: a fiduciary is someone who is required to act in your best interest when giving advice or managing your money.
...A quick google search reveals an extensive list of precious metals “specialists” ready to sell you gold, silver, or help convert your 401(k) funds into a gold IRA… In this Goldco review, we’ll take a close look at the Goldco precious metals firm.
...There can be no doubt that any smart investment plan should have a well-diversified portfolio of assets, and not be limited to just stocks and mutual funds. The reason to include alternative assets such as physical gold and silver bullion in a precious metals IRA is to reduce the risk of concentrating too much money into a particular asset type.
...The Internal Revenue Service allows certain types of precious metals – gold, silver, platinum and palladium — to be purchased by an individual retirement account. A Gold IRA is a generic term for a self-directed IRA that holds any of the four acceptable precious metals.
...If you are a military member or federal employee, you’re eligible to participate in the government’s Thrift Savings Plan (TSP). This plan provides some basic investment functionality, but you might like to know how you can include physical gold and silver in your retirement plan to safeguard against recessions, monetary devaluations and economic collapse.
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