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Many people are worried about inflation and how it will impact the value of the U.S. dollar. People might start to look for alternative investments, like gold for example. Today I want to talk to you about the pros and cons of investing in gold to help you determine if it’s the right investment for you.
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#invest #gold
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Timestamps
00:00 – Intro
00:24 – Stock market update
02:21 – Phil’s opinion of gold
02:37 – Gold in the U.S.
04:35 – The Gold Standard
05:35 – Pros and cons of gold
07:55 – Question
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how to invest money, investing for beginners, value investing, investing in gold, gold stocks, personal finance
The Penalties for Withdrawing From Your 401K
People have the tendency of cashing out their 401k savings prematurely. It is noted that one out of three 401k participants cash out their 401k. This mostly happens when people are changing jobs according to a report by Fidelity. What people do not know are the risks involved in cashing 401k prematurely. See more in this article!
Charitable Donations From Your IRAIRA is a common way of saving for the future for many people. It has been found that a high number of individuals rely on their IRA to secure their future. Form the IRA, you can make a donation to an institution of your choice and take the tax advantage when you reach 70.5 years old. See why you need to make a donation from your IRA in the article!
The Difference Between IRA and Roth IRAMost people experience a challenge selecting between IRA and Roth IRA as they do not know the difference between the two. The two are different and investors looking forward to securing their future should ensure they choose the one that is best for them. While both are retirement accounts, their operations vary. See differences in the article.
401K Investing Ideas for Good Money Management in 2015-2016Here we cover some 401k investing ideas for 2015, 2016 and beyond, because good money management in this time period could make or break your plans for retirement. Why have most investors done just fine in these plans in recent years when few actually pay much attention to asset allocation or money management? Let’s take a look at a few 401k investing ideas you might want to consider now.
The Process of IRA RolloverIf you have switched jobs or have retired, you need to choose what you would like to do with your 401k. You can decide to cash it, do a 401k rollover and get it into an IRA thereby leaving your funds on the same 401k plan. However, you are advised to choose the second option and rollover your 401k into an IRA account. More details in the article!
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