A Platinum IRA is a unique type of Individual Retirement Account that allows you to invest in platinum. Unlike traditional IRAs, which typically include stocks, bonds, and mutual funds, it's a self-directed account. This means you have more control over your investments and can choose to include precious metals like platinum. Setting up an IRA involves a few specific steps. First, you need to choose a custodian who specializes in self-directed IRAs. This custodian will help you manage the account and ensure all IRS regulations are followed. It's important to choose a reputable custodian to avoid any potential issues with your investments. Once you've selected a custodian, you'll need to fund your Platinum IRA. You can do this by transferring funds from an existing IRA or setting up a new account. The funding process is straightforward, but it's essential to follow the custodian's instructions carefully to avoid any penalties or fees. After funding your account, you can begin purchasing platinum assets. These can include platinum coins or bars, which we'll discuss in more detail later. Your custodian can help you select and purchase these assets, ensuring they meet IRS standards for purity and quality. Learn More Here - https://hubs.li/Q02zvWrP0 #Platinum #retirement #Silver #PreciousMetals #GoldPrice #IRA #Wealth #Finance
United States Gold Bureau’s Post
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📈Guiding hard-working individuals and families to financial freedom. Rigorous loyalty to clients best interest. Fiduciary. Husband. Father. F3 “CashBack”
I'm happy to help you if you have a trust fund............. and...... I'm also happy helping you build your wealth to be the source of the trust fund. I refuse to work with minimums. (Maybe I will change my mind in the future.....but I'm not planning on it). We have some extremely wealthy clients, but part of the fun for us is also helping individuals and families reach their goals from starting with little. We won't be a fit for every client, but we are a fit for those who have built wealth and those building wealth that need a plan and guidance. #retirement #wealthadvisors #wealthmanagement #financialadvisor #investing
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Last week, Dave Ramsey misinformed his entire audience about the appropriate amount to withdraw per year from one's investments. 👴🏻💰 Here's a recap of what he said: ⬇️ - It is "ridiculous" to withdraw less than 8% per year. - The S&P 500 averages 11.8% per year - Mutual funds average 12%+ per year - A $1,000,000 portfolio should be able to provide you $80,000 in yearly income for life. This thought process is in dire need of some context. Firstly, is it really reasonable to expect a retiree to have a risk profile that is 1:1 with the S&P 500? Of course not, because markets don't always go up. If you had started investing in 1999 and put one million dollars in the S&P 500, ten years later you would still be DOWN by 25% ($250,000). If you had been withdrawing 8% ($80,000) per year throughout that entire time, you would have unequivocally destroyed the portfolio. Withdrawing less than 8% per year is not "ridiculous," it is imperative if you want your money to last. For years, the standard was 4%, but even Bill Bengen, the creator of the 4% rule, now says that it is too high. On the point of mutual funds, it has been proven time and time again that no actively managed fund can consistently perform better than an index fund, and no passively managed fund has proven to be able to do so on a risk-adjusted basis. Just because the S&P 500 has averaged something doesn't mean it will do that every single year. To expect this is to completely misunderstand statistics. A good retirement comes from managing both risk and expectations! #retirement #retirementplanning #finance #retirementfinance #personalfinance #investing #portfolio
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When it comes to saving for retirement, putting your money into a Precious Metals Individual Retirement Account (IRA) is a solid option. This type of IRA lets you invest in metals like gold, silver, platinum, and palladium instead of just stocks and bonds. It's a choice that has been growing in popularity, and for good reasons. A Precious Metals IRA is a special kind of retirement account. Unlike traditional IRAs, which mainly hold stocks, bonds, and mutual funds, this IRA focuses on gold, silver, platinum, and palladium. These metals can be in the form of coins or bars, and there are specific rules about purity and types that the IRS allows. Learn More - https://hubs.li/Q02yF2400 #IRA #PreciousMetals #Investing #Retirement #Silver #Gold #Finance #Portfolio #GoldPrice #PriceOfGold
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A retirement target fund can offer unique advantages for forward-thinking investors. Also known as a target-date fund, a lifecycle fund, or an age-based fund, these accounts can help you reach your goals without all of the administrative hassles. It’s always best to consult with a professional advisor before investing — get the facts you need in this post from my blog: https://lnkd.in/ghKUgwdN #sustainable #retirement #wealth #advisor #financialadvisor #saving #money #blog #goals #buildingwealth #finances
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A retirement target fund can offer unique advantages for forward-thinking investors. Also known as a target-date fund, a lifecycle fund, or an age-based fund, these accounts can help you reach your goals without all of the administrative hassles. It’s always best to consult with a professional advisor before investing — get the facts you need in this post from my blog: https://bit.ly/3RJyGF6 #sustainable #retirement #wealth #advisor #financialadvisor #saving #money #blog #goals #buildingwealth #finances
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Private Wealth Portfolio Manager | Financial Planner | Wealth planning for prosperous Southern Alberta families and businesses
'Will we have enough?' The most common question I've gotten from prospective clients in my career thus far. While 'rules of thumb', such as the 4% withdrawal rule discussed in this story, are fantastic for simple answers, it's important to go deeper. Working with a qualified financial planner to have a comprehensive plan done is much more likely to help you sleep at night by truly answering the question of 'will we have enough?'. If you're up at night wondering if you've got enough, reach out to our team and we'd be happy to work through a plan with your family. #money #wealth #invest #retirement
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Here is a review of American Bullion, Inc. https://lnkd.in/gKbCGDDq They specialize in setting up Gold (or other Precious Metals) IRAs, but you can purchase physical gold bullion from them as well. They can also convert your qualifying 401k to a Gold IRA if you want to consider a "safe haven" option for your retirement.
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'Will we have enough?' The most common question I've gotten from prospective clients in my career thus far. While 'rules of thumb', such as the 4% withdrawal rule discussed in this story, are fantastic for simple answers, it's important to go deeper. Working with a qualified financial planner to have a comprehensive plan done is much more likely to help you sleep at night by truly answering the question of 'will we have enough?'. If you're up at night wondering if you've got enough, reach out to our team and we'd be happy to work through a plan with your family. #money #wealth #invest #retirement
FP Answers: Is $1 million in savings enough to retire on if we withdraw 4% per year?
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The fixed indexed annuity is not a home run hitter. But a safe way to protect your old retirement accounts or IRAs. - We mostly use them to secure a large portion of someone's retirement portfolio but the majority of people love the idea of protecting your accounts that you don't contribute to anymore or don't want to manage. - An Indexed Annuity follows a stock market index and only credits interest once a year. Anywhere from 0% to 9.5% in this case. - If you have an old account that you want to protect. Dm me FIA or just drill me in my inbox. I'm fine with oppositional thinking. I'm fully confident in my knowledge. - If you are tired of the search, want a new advisor, or just need a particular service. Do 1 of these 3 things. - 1. Comment below "FORWARD" 2. Dm me your need or want 3. Book a FREE appointment in my bio - #planning #money #wholelife #infinitebanking #stocks #crypto #retirement #iul #tax
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“Diversification” has long been a buzzword for discerning investors, but smart allocation of your assets can lead to bigger returns and a more secure retirement fund. Determining your risk tolerance is key, and it’s based on a variety of factors, from your age to your temperament. Discover the power of rebalancing in this essential post from my blog: https://lnkd.in/dFwdp6Eh #AUM #assets #diversification #portfolio #risk #return #investment #retirement #financialplanning #wealth #buildingwealth
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3moAmen