As part of your taxes, you pay into social security, which is the primary source of income for most elderly citizens. You can start collecting social security at 62, but with a reduced income. Despite the reduced pay, about one-third of US citizens collect social security early. Here are a few reasons why you may want to take social security at age 62 instead of waiting until your full retirement age. You Need to Cover Current Expenses One of the most common reasons to take social security at 62 is to cover your current expenses. This may include hefty medical expenses or mortgage payments.&nb ..read more

Guest Blog Post Silver often gets overlooked by the average investor as gold is often considered a safer investment. The truth is that investing in silver in 2021 may be a smart decision. A silver IRA offers several benefits, depending on your investment preferences and risk tolerance. It can help hedge stock market volatility and preserve wealth. As 2021 approaches, here is a closer look at investing in a silver IRA. What Is a Silver IRA? A silver individual retirement account (IRA) is a type of self-directed IRA where you can purchase silver and other alternative assets, including gold. As w ..read more

The American Eagle coin is the most popular coin in the world. The proof version of this coin is also an extremely popular collector version that is prized by savvy IRA and 401k investors. The reason this coinage is so popular is because it is sold directly by the US mint. Collectors coins are believed to be non-confiscatable because of legal precedence.  In the 1933 executive order confiscating gold bullion, Franklin Delano Roosevelt exempted collector coins of rare and unusual beauty. Because the United States works on legal precedence most investors that expect another financial depres ..read more

Have you recently retired or changed employers? Have you been thinking about rolling over your inactive 401k, 403B or pension plan to an IRA… because you’ll have a much greater selection of investments? Well, choosing the “right” custodian is imperative… because they’re responsible for reporting the value of your account to the IRS every year. I’ve worked with dozens of custodian over the last 30 years. And I can attest to the fact that they’re not all created equal. In fact, I have heard 1000’s of nightmarish stories. Everything from custodians being impossible to get a hold of… to inaccurate ..read more

There have been enough well publicized cases of long term gold dealers being sold fake bars recently to cause the average investor some real concern. Just recently the Canadian Broadcast Corporation (CBC) reported that a well established gold dealer in Ottawa purchased a gold bar from a local branch of the Royal Bank Of Canada only to later discover the bar was counterfeit. The Royal Bank Of Canada did refund the purchase price mentioning that they did not mint the fake bar and is said to be investigating the matter. However several experienced gold experts say the problem is far larger of an ..read more

As a Twitter commentator, reality TV star and Republican candidate, Donald Trump railed against Obama-era budget deficits. But instead of tightening the belt, President Trump blew all that away in March when he signed an omnibus spending deal that saw huge increases in spending without corresponding cuts. Six years ago, Trump was harsh on Obama the spending levels at the end of his first term “Scary–Obama’s budget deficits are so out of control that he has to borrow 40 cents on every dollar he spends,” he said, via Twitter in 2012. Even as recent as May 2017, Trump claimed that the administrat ..read more

A Pew Research analysis of the Bureau of Labor Statistics’ 2016 employment data found that older Americans are staying in the labor force, and they are working longer hours. During the second fiscal quarter of 2016, nearly 19 percent of Americans aged 65 years or older reported that they were employed with either a full-time or part-time job. In 2000, only 13 percent of Americans from this demographic group reported that they were employed. Pew Research estimated that labor force participation has increased by nearly five million people since 2000. This increased employment among older America ..read more

The US Geological Survey (USGS) has publicly stated that the world’s silver supply will be depleted by 2025. This will make silver the first widely used industrial commodity to have its in-ground supply exhausted. The world’s top metals research team reports annual shortfall for silver Thomas Reuters GFMS has reported a shortfall in global silver production for the third year in a row. For 2015 the shortfall was 42.7 million ounces. Several annual shortfalls could mean pressure on price increases for silver. What is causing the shortfall of silver and why is the problem expected to grow? Sil ..read more

These three problems in 401K funds may put your retirement goals out of reach More than 52 million Americans participate in a 401K plan with about 515,000 plans across the country. Those plans hold $4.4 trillion and represent nearly a fifth (18%) of the $24 trillion in U.S. retirement assets. 401K funds are truly the life-blood of our retirement savings. It’s too bad these funds are riddled with problems and costs that make reaching your retirement goals nearly impossible. Costs and Other Problems with 401K Funds The biggest problem with 401K funds, one that goes almost completely unnoticed is ..read more

Understand the eligibility requirements and benefits of a 403(b) plan compared to traditional employer-sponsored plans to benefit from this special type of savings vehicle. The catalog of numbers, IRS designations and names for retirement investment plans can border on befuddling. Unless you enjoy reading through mountains of pages from the Internal Revenue Code, you could miss out on putting together the perfect combination of plans that can best get you to your retirement goals. Fortunately, 401kRollover has published a series of guides on the different plans and in language that is easy to ..read more