The first thing any person must confront before they retire relates to retirement funds. There are many different sources of money but only few of them are without risk. There are many types of retirement plans including: 401K, Individual Retirement Accounts (IRAs), Certificates of Deposits (CD), as well as various private and public retirement schemes.
There are many inherent dangers in the retirement schemes listed above. Many 401K accounts are tied to the stock market. Many holders of 401K do not even know which company stocks their 401K is tied to. The same goes for the various private and public pensions. Many of them have invested in various Wall Street Hedge funds and other shady financial instruments. Through no fault of their own, many people have found their life savings depleted or vastly reduced in the wake of the economic meltdown.
IRA’s are slightly safer source of income as they are combinations of stock market investments as well as a fixed percentage of deducted from the salary package. However, many IRAs are established through banks. Given the precarious state of the global banking industry, IRAs are not completely secure as a source.
In today’s volatile financial and economic climate, the most secure source of money is investing in gold and silver. Gold is in the middle of a long bull market. Insider experts called the bottom of gold more than a decade ago and have called gold at $2,000 per ounce. Gold is the safest bet for retirement financing. Silver is just at the start of its bull run. Silver is currently around $30 per ounce which is in reach of middle and lower income ranges. Silver is the safest route for retirement for those unable to afford the current price of gold at $1,400 per ounce.
The most important thing to consider when securing your money is to stay away from paper. Paper based commodities such as fiat currencies, stock and bonds are very risky. Even investing in gold and silver, one must take care to avoid paper promises. Take physical delivery of gold and silver in coins and billion. This is the only way one can absolutely secure your income in the future.
The safest way to secure
is to see a professional financial expert. They have the expertise and knowledge to safely guide you to secure retirement funds. They will examine your personal assets and income. From there, they will advise and guide you to the best decisions to secure your retirement funds.