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Phil and Danielle discuss the economic consequences of the virus, as well as currency-related issues that we may see if the pandemic continues the way it has. As investors, we must understand the approaching impact of the presidential election, and how it will impact our finances. https://bit.ly/34e43B8
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0:00 – Current spread of COVID-19
0:57 – Japan example
2:04 – Impact on economy
3:05 – Stimulus package
3:55 – Risk of inflation
5:25 – The US Dollar
6:38 – Zimbabwe example
7:00 – Impact on investors
7:30 – Gold confiscations
9:35 – Gold standard
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How to Convert Your Traditional IRA to a Roth IRA
In some cases you may have started your retirement savings with a Traditional IRA, but after reading about the Roth IRA and looking at your situation you decided you would like to have a Roth account; to do this you can perform an IRA conversion. The first thing you need to know about a Roth IRA conversion from a Traditional IRA account is that the eligibility rules were changed as of 2010.Is a Self-Directed Roth IRA the Best Option?
A Self Directed Roth IRA is an IRA that you are fully in control of. This means that you control which investments you would like to purchase using the funds that you have contributed to your savings account. A quick reminder, remember that an IRA is just an investment vehicle, and while it does offer certain features, its effectiveness depends on how well the investments perform.5 Situations When Cashing Out 401K Is Worth The Penalty Risk
1. Paying Off Past Due Mortgage Payments to Avoid Foreclosure – If you fall behind on your mortgage payments, you could end up facing foreclosure. Cashing out 401k accounts to bring your payments current or even pay off your mortgage completely may be a good idea.Is A No Fee IRA A Good Retirement Option?
A no fee IRA has a number of benefits, but is this a good retirement option for most investors? Investing in retirement will ideally mean having low expenses including fees, because these costs deduct from the amount for investment and can add up significantly over time. When you invest, you want your money to grow. Fees lower the amount that you have invested and the returns you will see from your capital. Smart investors maximize the capital invested for retirement to take advantage of compounding over time.How Self Directed IRA LLC Will Change How You Think About Your Retirement
It is time to think about your retirement now if you have not done so and using a self directed IRA account can really put you in control. This article explains in more detail.
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