Skill Level: Easy An IRA (Individual Retirement Arrangement - NO! It's NOT Individual Retirement Account, fancy that!) is a thingee you put either pre-tax money or post-tax money into. What kind of thingee? Well, think of it like a cookie jar. Or a laundry basket. Or a tool bucket. Or anything that allows you to carry "stuff". You Read More
Why Should Baby Boomers Invest In Gold or Precious Metals?
Post Type: Quick Baby Boomer Financial Munchie Quick Answer: Simply because of diversifying investments and the financial uncertainty of other investment methods. Now, this does NOT mean you should have ALL of your investments in Gold or precious metals. Not by a long-shot. ALWAYS diversify! Chances are that while you'll never ever again see the Read More
What is a Gold IRA?
Post Type: Quick Baby Boomer Financial Munchie Quick Answer: A gold IRA is a "self-directed" IRA (Individual Retirement Arrangement) that can contain gold, silver, platinum and/or palladium bullion. The only way it differs from other IRAs is that it contains precious metals. You cannot contribute bullion/coins you already own to a Gold IRA... however, you CAN rollover Read More