Many of us have retirement savings, whether it’s 401k accounts or an IRA. Do you know how traditional accounts work and what happens to their value? This topic is something you should explore if you haven’t done so before.
Nearly all 401k accounts and IRA accounts consist of a mix of stocks, bonds and mutual funds. Your employer usually hires a third party to manage the accounts. They will help you to choose from a variety of investment vehicles and make money every month. Although you might be able to modify the ratio of resources used to your account, this is not always possible. You also don’t have the power to change individual stocks and mutual funds.
This means you have no control over this important portion of your retirement income. Traditional accounts can make it difficult to have some control. This could cause you to be nervous if you realize how dependent you are on others for this deal. It should actually make you nervous, based on financial forecasters’ predictions for the rest of this year and the next. All predict a dip in economy. It is not clear what the size of this dip will be. It could be something that flies by the radar, or it could signal the start of a new recession. We don’t want the D word to be used.
This could cause you to be concerned if you are close to retirement. A huge stock market crash could wipe out years worth of incremental savings gains you have made in your investment accounts. This is a complete reset, and all your gains will go down. This is a frightening thought. This is a daunting thought.
Owning gold, one of the most stable commodities in history, can add stability and safety to your investment savings. Even in times of stock market crashes, gold tends to stay constant. Because everyone looks to gold as a safe haven, it tends to rise in value. It is also easy to get some gold into your investments. Goldco Precious Metals, a highly rated company, can convert your IRA into gold for you – at no extra cost.
They make the process easy and provide excellent customer service and support throughout. You just need to sign the paperwork, and you are set. You now own one of the most precious and predictable materials known to man, gold. Goldco Precious Metals has your gold.