Are Precious Metal IRAs the Best Choice for Retirees?

Are precious metal IRAs the best choice for retirees?

While gold and silver have historically been safe havens from the volatility of the stock market, it is important to remember that these investments do not provide a reliable source of returns. Rather, they offer a diversification of your retirement portfolio and are also useful for protecting against inflation and economic volatility.

How to Set Up a Precious Metal IRA

A gold IRA is a special type of self-directed IRA that allows investors to invest in a wide variety of alternative assets. These include gold, silver, real estate and even cryptocurrency.

These types of IRAs allow you to choose which investments you want to make and how much you want to invest. They are generally tax-advantaged and can be rolled over from your existing 401(k) or traditional IRA account.

How to Invest in a Precious Metals IRA

Before you can invest in a precious metal IRA, you need to make sure that you choose a trustworthy custodian and dealer. These entities will then purchase and store your precious metals and help you navigate the process of investing in these assets.

The best gold IRA companies make it easy to set up accounts and talk to precious metals specialists throughout the process. They also offer buybacks, allowing you to sell your gold back to the company if you feel like it’s no longer a good investment. These companies often have excellent customer reviews and low fees.

When it comes to retirement investments, there are a lot of options. Stocks, bonds and ETFs can all help you build wealth, but they also come with their own risks.

Precious metal IRAs are one option that can help you diversify your portfolio. They can reduce the risk of volatility and serve as a hedge during economic downturns.


If you’re thinking about working with Best Precious Metal IRAs, it’s important to be aware of the costs that are associated with this type of retirement account. These costs include setup fees, custodian fees, storage facility fees, and more.

These fees can have a negative impact on your financial situation if you plan to withdraw from the account in the future. In addition, you may also need to pay taxes on the distributions.

The best way to reduce the costs of your precious metal IRA is to research the company you choose carefully. Make sure that they have received the highest letter grade from the Business Consumer Alliance (BCA) and a 5-star rating from independent customer reviews.

Birch Gold is a popular precious metals investment firm that offers a wide variety of gold products. They also offer a buy-back program, so customers can sell their precious metals and receive cash back. This option is particularly appealing for those who want to preserve their investments.


Precious metals can be a good way to diversify your retirement portfolio. They can also be a great hedge against inflation and tough economic times. However, investors should be aware that there are several taxes associated with Precious Metal IRAs.

In general, the IRS treats precious metals as collectibles that are taxed at a 28% long-term capital gains rate on their sales. They also can be subject to a 10% tax penalty on withdrawals before age 59 1/2.

Unlike traditional IRAs, which can only invest in paper assets, Precious Metal IRAs allow the owner to invest in physical gold and silver bullion coins or bars that meet certain purity standards. This statutory exception applies to traditional, Roth and SEP accounts as well as SIMPLE-IRAs.


If you’re looking for ways to boost your retirement portfolio, Precious Metal IRAs can offer you four-fold benefits: diversification, opportunity, safety, and control. These advantages help you to reduce the volatility of your overall portfolio, hedge against economic downturns, and provide an opportunity for capital appreciation.

Unlike conventional IRAs that are typically heavy with paper assets, precious metal IRAs are meant to incorporate high-value assets like gold and silver. These hard assets are typically less susceptible to economic downturns, and they’re often more likely to retain value over time.

This makes them a sound addition to any retirement account, as they offer the chance for income generation and tax deferment or exemptions. They also tend to have lower costs and less risk than many stocks and bonds, which can be a big plus for retirees with a tight budget.


A well-diversified retirement portfolio is critical for any investor. This diversification helps to mitigate the risk of investments moving in the same direction or falling in value.

Self-directed IRAs allow investors to invest in a variety of assets, including precious metals. These accounts are designed for investors who want to take more control over their retirement savings.

Precious Metal IRAs can help to protect your retirement portfolio against inflation and market volatility. Gold, silver and platinum generally don’t get affected by the fluctuations in the stock market.

Precious metals can also provide retirement savers with a hedge against the national debt. This is especially important at current levels.

Is a Gold IRA the Right Store of Value For Me?

If you’re looking for a store of value for your retirement account, a gold IRA may be a great option. These IRAs allow you to invest in precious metals, such as gold, silver, platinum, and palladium. Typically, a reputable company will only offer you assets that meet certain purity standards.

Investing in precious metals

If you’re thinking about investing in gold or silver, you have several options. You can buy the metal itself or invest in precious metals through exchange-traded funds (ETFs). This type of investment provides exposure to the metal without having to store it yourself. The operators of the ETFs bear the costs associated with holding the physical supply of the metal. This means that you won’t be able to physically touch the metal itself, but you will have access to the ETF’s price, which is tied to the price of the precious metal. Investing in precious metals via ETFs also reduces the volatility of the market. ETFs may not be right for all investors, however.

There are several ways to invest in precious metals, including buying shares of gold and silver mining companies or gold and silver royalty companies. The shares of these companies should increase in value as the price of the metal increases. For example, investing in shares of gold and silver mining companies such as First Majestic Silver will allow you to invest directly in the company and reap the dividends when the price rises.

IRA fees

If you’ve been considering a gold IRA, you’ve probably noticed that these accounts come with a lot of fees. These fees are sometimes called “spread fees” or “seller fees” and are generally charged on top of the purchase price of gold or silver. They can range from a flat rate to as much as 33% of the purchase price. Fortunately, there are ways to minimize these costs.

There are many companies that allow you to invest in gold through an IRA. Some companies also offer additional services like managing your investments and preparing tax reports for you. You should make sure that the custodian you choose can also handle storage and paperwork pertaining to your gold bullion. Unless you’re an experienced investor, it’s not recommended to store your own gold bullion in an IRA, as the IRS considers this an unauthorized withdrawal. If your gold IRA account is not properly maintained, the IRS can shut down your entire account.

IRA rollover

An IRA rollover in gold is a smart way to diversify your retirement savings while protecting them from inflation. The use of gold and other precious metals as a store of value goes back thousands of years. Many cultures place a high value on gold coins. However, the Great Depression led to the end of the Gold Standard, which is no longer a viable option.

Fortunately, a gold IRA rollover is simple. All you need to do is provide your old retirement fund company with your account number and they’ll begin the transfer. The process may take a few days to a couple of weeks. Keep in mind that there may be tax implications to consider as shown here.


When you want to invest in gold, you should know that there are many different ways to go about it. For example, you can use a traditional IRA, Roth IRA, or SEP IRA. There are also other retirement accounts, such as 401k, 403b, and 457b. These types of accounts are tax-deferred and allow you to defer taxes.

There are specific criteria for qualifying precious metals for IRAs. The first is purity. In order to qualify for a gold IRA, you must invest in bullion that meets IRS standards. For example, coins that are more than 99 percent pure are IRA-eligible. Furthermore, the coins must have been produced by a government mint or an accredited refiner. There are some exceptions to these rules, such as Gold American Eagle Bullion Coins.


When considering a gold IRA, you should be aware of the risks. Gold is a volatile commodity, and during long-term bull markets, it can drop by up to 28 percent each quarter. As a result, you may need to hold onto your gold investment for a long time before prices recover.

The risk of illegal withdrawals is another potential danger of a gold IRA. The precious metal cannot be transferred into an IRA unless the owner has the right to do so. In most cases, a custodian must handle the transaction. Despite the risks associated with gold, it can be a safe, diversifying asset. Many financial experts recommend keeping at least five percent of your portfolio in gold.

A gold IRA is a great way to diversify your retirement portfolio while protecting yourself against inflation and stock market volatility. It can also offer attractive tax benefits. As with any investment, however, make sure to do your research before opening an account.

4 Tips on Prepping For Economic Collapse

Economic collapse can be defined as a period whereby a country, a region or a territory experiences economic disintegration characterized by recession due to loss of business thus resulting in financial crisis. Economic activities are low and social order is disrupted during this period. Some of the major causes of this phenomenon include:

1. Hyperinflation: This happens when a government prints money in excess thus leading to a rise in the prices of goods and services.
2. Stagflation: This happens when a country that is experiencing a high rate of inflation has its economy growing at a slow rate.
3. Stock market crash: When investors lose their confidence in a stock market, a decline in stock prices occurs across the board thus leading to a stock market crash.

4 Tips on Prepping For Economic Collapse:
For any type of an anticipated crisis, prepping is crucial for survival. Prepping for an economic collapse helps you to lower the impact that the collapse may have on you and your loved ones. Below are tips on how you can prep yourself:

1. Financial preparation:
In the eventuality that you lose your job during an economic collapse, it may be hard for you to get another one as fast. Starting an emergency fund would when you have the job would cushion you during such a period. Ensure that you have enough money to cover your expenses for at least an year in case of an emergency.
Ensure that you have easily accessible cash for example in a home safe just in case accessing your emergency funds takes longer than anticipated.


2. Have multiple sources of income:
Losing your job or closing your business due to lack of clients as a result of an economic collapse can be draining. If you have a skill that you can monetize, start a business that will give you an alternative income source. Doing a business that provides services and basic needs like food for people during such a crisis would be ideal.

3. Stay debt free:
If you are repaying a loan, plan to be done with it as fast as possible. This will protect your property from being reprocessed in a case whereby you are unable to repay your debt due to job loss. Track your income and expenses to be aware of your financial health. This will help you to budget accordingly.

4. Have emergency stock:
This includes food and other consumables. Ensure that you have non-perishable food and clean drinking water that can last you for weeks in case of an economic collapse.

Finally, it is also important to ensure that you have an emergency kit that contains essential household items ready. This includes, blankets, torches, disinfectants, first aid and medical supplies, copies of important documents, emergency contacts etc. Remember to live within your means today in order to prep accordingly in case of an economic collapse.

5 Ways to Make Money Investing in 2022

If you are interested in making money by investing in the year 2022, here are some investment ideas. Consider Index funds, Tax-advantaged retirement accounts, and No-tax CDs. Technology stocks should be high on your list. Technology stocks are growing fast, and you can take advantage of the growth potential of this sector. But, be sure to understand the risks involved. It’s essential to balance risk with return when investing.

Tax-advantaged retirement accounts

There are two types of tax-advantaged retirement accounts to invest your money in. Traditional and Roth IRAs. Traditional IRAs allow individuals to contribute up to $6,000 a year until they reach the age of 70 1/2. Roth IRAs allow investors to invest post-tax money – income that has already been taxed. Withdrawals are tax-free. Roth IRAs are also available through brokerages.

Both types of tax-advantaged retirement accounts can help retirees save money. Tax deferral is an important benefit of these types of accounts. After retirement, many people pay lower taxes on their withdrawals. Withdrawals from traditional 401(k) accounts are subject to tax as ordinary income. For people who withdraw funds before retirement, however, they may have to pay a 10% federal income tax penalty. In some cases, this penalty is waived. However, if you withdraw money before age 59 1/2 or become disabled, you may have to pay a 10% federal income tax.

One way to maximize your tax-advantaged retirement accounts is by maxing out all three accounts. For single-filers, this means investing $30,150 in the stock market. If you don’t have an employer match, that would make your money worth $230,000 in 30 years. Investing $15,000 a year would make you $450,000 in 30 years, $1.5 million in 35 years, and $2 million after 70.

Index funds

The best index funds for 2022 are those that will provide strong yields with low expense ratios. They are diversified and have been proven to survive the recent tumultuous market. However, it is important to note that there are certain risks associated with investing in an index fund. For example, a fund can lose money over the short and long term. Further, not all companies are equally valuable. Therefore, it is important to consider diversification when selecting a fund.

Some index funds track the entire U.S. stock market, while others track a narrower index. For example, some track only foreign stocks or only certain sectors or industries. Others track a combination of international exchanges and companies with certain characteristics. Some fund managers also focus on companies with strong growth prospects, high dividend payouts, and ESG standards. Investing in an index fund will help you maximize your portfolio’s return potential while also minimizing your expenses.

No-tax CDs

No-tax CDs are a good investment option, even if you don’t need the interest payments. These savings accounts are available from many banks. Many banks offer competitive CD rates, and they can be a great way to save money. Most CDs are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Share Insurance Fund. Regardless of the type of CD, you’ll find competitive rates on these savings accounts.

These certificates of deposit earn interest based on their maturity date, and some offer variable rates. Typically, no-tax CDs will give you a higher return than a traditional CD. They’ll also allow you to withdraw your money without penalty. There are many reasons to consider no-tax CDs to invest in 2022. Interest rates are expected to rise in the coming years, and you don’t want to miss out on the growth in your savings!

Technology sector

With technology becoming a dominant force in almost every business activity, technology investment is sure to be at the top of corporate agendas in 2022. From cloud computing to artificial intelligence, tech companies are poised to revolutionize the way people live and work. Despite the risks of such investments, technology continues to provide opportunities for investors to capitalize on emerging trends. Here are five ways to make money in the tech sector in 2022. To start, invest in companies with a strong growth track record.

First, pay attention to earnings reports. Since the technology sector is dominated by a small number of mega-cap companies, you’ll want to stay on top of each company’s earnings report. Technology sector stocks tend to announce earnings around the same time, so trading around earnings announcements can be extremely profitable. Depending on the timing and accuracy of your prediction, you can also invest in the tech sector at cheap prices and wait for a rebound.

Enjoying Your Time in the Florida Keys

We start with the sunrise over the Atlantic ocean in Key West. Now if you missed the sunrise due to late-night partying on Duval street, don’t worry, you can still see the sunset. For many years, Key West was the largest city in Florida. In the late 1800’s it declined and became harder to access. Henry Flagler changed that in the early 1910’s where he built the overseas railway, making Key West no longer accessible solely by water.
The overseas highway to Key West, as you drive over the bridge from the mainland, you take your first glimpse of the keys. There’s a bohemian lifestyle of adventure waiting for you on the other side. The bridge becomes the overseas highway at mile marker 106. The oversees highway has mile markers that tell you exactly how far you are from Key West.
Rowell’s Waterfront Park in Key Largo is a nice stop if you are looking to see the views closer up and not from the winter of your car. It is located on mile marker 106. In the 8 acres, there’s a dog-friendly park here with a large boat dock and swimming area. There was a movie title called Key Largo that was filmed at the Caribbean Club right on Key Largo. The song Key Largo reached number 8 on the charts in 1982. As great as the scenery is above the land, it is even greater under the sea. John Pennicamp’s coral reef park where you can snorkel or scuba dive on a massive reef, take a glass-bottom boat tour or kayak throve mangroves, brings you the first-ever underwater park within the United States.
At Mile 99.7, you can check out Key Largo fishing charters.


Next, Islamorada hosts several fishing tournaments a year and is the fishing capital of the islands. On mile marker 85 is Coconut Cove Resort & Marina, situated on a 7-acre tropical island overlooking the ocean is pet-friendly and will bring you a great time. Theater of the Sea where you can swim with dolphins or sea lions take a bottomless boat ride, you’ll see stingrays alligators, birds, and much more animal life.
There are two great restaurants at mile marker 83, Wahoos Bar and Grill which is pet friendly, and Whale Harbor Seafood Buffet and classic favorites and are always busy, regardless of if it is high or low season for this beautiful area of the keys.

What Beach in Miami, Florida is Right for You?

Miami remains one of the most popular tourist destinations in the U.S. This is a city that seems to have it all. There is incredible food, districts such as Little Havana that offer a great multicultural experience, incredible entertainment destinations are perfect for a family day out, almost endless sunshine, pulsating nightlife allows you to simply let your hair down and natural attractions abound. But if there is one drawcard that keeps people coming back to Miami again and again it is the incredible beaches.

Given the number of beaches, there is certain to be at least one that will deliver the experience you want. Here are only a few of Miami’s famous stretches of sand that are perfect for enjoying salt and sea.

South Beach is known for the fabulous art deco architecture that provides the eye candy – and the bronzed beach bodies that take their seats at some fabulous cocktail bars. You can avoid the throngs of tourists by following the locals to the more sedate section south of Fifth Street.

For those who really want to escape the crowds, the boardwalk of Mid-Beach is perfect. It runs the length of the sand – and caters to both locals and those who are staying at one of the incredible hotels that serve as its backdrop. The hotel cocktail bars are the locales for those who want to see and be seen. For a great accommodation choice, try out the Miami Beach Edition, a reinvention of the 1955 Seville Hotel. It delivers on that Havana vibe that is so much a part of the Miami experience.

To really relax spend some time at the Bill Baggs Cape Florida State Park. It’s within easy reach of downtown Miami and is great for families or those who simply want to commune with Mother Nature. It offers incredible views of that famous Miami skyline (sunset really delivers) and great trails for those who want an active beach experience.

For those who want to mix with the upper crust of Miami, Bal Harbour Beach is the destination of choice. This beach is great for those who want to view designer beachwear or enjoy a spa day at the famous St. Regis Bal Harbour Resort. If you want to fit in with the crowd engage in some retail therapy at the Bal Harbour Shops where you can pick up that perfect Chanel or Alexander McQueen creation.

Miami beaches offer incredible choice. However, some things are standard. Great sands, azure waters, and sunshine. Head to Miami and get wet in the salt – you’ll be glad you did.

The Many Benefits of Sailboating

Are you thinking about purchasing a sailboat? This is a favorite pastime for many people around the world. The ability to go out on the open waters, free from the confines of land, motivates many people to make this type of investment. The cost can be quite extensive, especially if you are obtaining one that will often require more than one person to use and navigate. Once you have decided on one, you can then choose places to go, and destinations to visit, using your brand-new sailboat. Here are the many benefits associated with sailboating that you may have not thought of if you have never been on a sailboat before.

Why Do People Like Sailboating?

Sailing is something that motivates people in a way that many hobbies do not. Most of the hobbies that you will do will be on land. It may involve hiking, fishing, or doing something within the confines of your home. There are always going to be familiar places that you can identify with. This could be landmarks, cities, vehicles, and the mountains around you. However, when you are out on the ocean, or even out on a large lake, there is just you and the water. Sailboating is a way of releasing all of your concerns, fears, and anxieties that may plague you every day. As you are rolling along the water, listening to the wind, and feeling the movement of the ocean below you, you are going to have a very unique experience.

Is it a Very Expensive Hobby?

This hobby can be very expensive, depending upon how large the boat is, with the maintenance cost will be, and where you would like to travel. Most people that own a sailboat will have there is at a harbor. In most cases, they will take this out on the water where it is located more than travel with it to distant locations. However, you do have the option, depending upon the size and capabilities of your sailboat, to travel hundreds or thousands of miles away from your point of origin. Overall, you may spend hundreds of thousands of dollars on a sailboat which will include the cost of the boat, regular maintenance, these to dock your boat, and the cost of traveling to remote locations. If you have the means to do so, it’s going to be something that you will always enjoy because of how it will make you feel and where you will go using your sailboat traveling across the world.

Sailboating is simply an experience that you can’t describe unless you have done it before. There are thousands of people worldwide that do this every day. Once you become adept at using your sailboat, and you have traveled an extensive distance, you will understand what may have motivated people from centuries ago to travel across the ocean. If you do not have a sailboat now, you may want to consider doing research on the latest models and consider what you would like to do with it. Those that have the ability to buy one, and to use it properly, will find that this will be a lifelong hobby that they will never regret.

Tips For Chartering a Boat for a Sunset Cruise in the Miami Florida Area

There are many companies in the Miami area that provide chartered cruises many times throughout the day. As you can imagine, one of the most popular times that people wish to take such a cruise is during the hours just before and during the sunset. They can be breathtaking, romantic, and a great way to celebrate a special event or just enjoy some time on the water. When considering chartering such a cruise it is ideal to take some time to investigate your options and plan to be sure that you get the experience that you are looking for.

First, you will want to think about what you would expect from such a cruise. Some may way to spend a few hours on the ocean, while others may just want a quick trip out and back. Other options you will want to consider is whether or not a meal or drinks are included in the price. In some cases, these cruises may even provide entertainment, if that is something that appeals to you. Knowing what you are looking for before you begin your search will help you to more easily find the cruise that is right for you and your interests.

You should also set a budget before you begin your search. The price per person can vary a great deal depending on the type of vessel, the amenities provided, and the popularity of the cruise itself. Having a set amount that you are willing to spend determined in advance will help you to not overpay and then only regret it later.

Once you have an idea of what you would like to experience on your chartered cruise in Miami, and how much you are willing to pay, you are ready to investigate the options that are available to you. Take the time to make a list of the yachts you find that peak your interest and the amenities and costs associated with them like that of Yacht Rentals in Miami, FL. Once you have a list of a few options you then will want to take some time to better understand the experiences that others have had. You want to be sure that whatever company you decide to go with has a strong reputation for high-quality service. The more you know about the past experiences of others, the better able you will be to make a wise choice. It will also help to prevent you from having a less than ideal experience yourself.

Once you have gathered all of the above information you are ready to make your final decision. You will want to take the time to weigh the differences between the cost, the company’s reputation, and the amenities that are provided. This will help to ensure that you have the best possible experience as well as help you to find the best value for what you will be spending. Once you have decided on the cruise that is right for you it is best to check the weather and book a date relatively soon so that you can be sure you can fully enjoy the experience and will have your tickets secured in advance.

See the World from the Eyes of the Sea

Many of us long for a peaceful, fulfilling life that is complete with the ability to enjoy nature and take in your surroundings. Many years ago after a trip to Greece, we realized that life is so much more than just working at a 9-5 and going through the motions. What if you could manifest your dreams and turn them into your future? The option to do whatever you want when you wake up, and as well with the rest of your day, your life even. If you had this freedom, what would be an integral part of your routine and happiness?

For us, it’s sunset cruises on a sailboat, catamaran, or better yet even a yacht. With this dream of a life spent on the water, we fit our true passion into our career and came up with Sunset Sailing.