Articles Categorized in: Blog
Elliott Wave Theory provides guidelines for spotting patterns in price action. While these rules can be beneficial, following them closely on live charts can sometimes prove more challenging. Elliott observed that the ups and downs in prices caused by collective psychology typically followed specific repeating patterns, known as waves. Each wave contained both progressive and corrective components. Wave 2 One of the more common Elliott Wave errors is mistakingly believing that a retracement in wave 2 must represent a complex...
Read More
When switching jobs, you have various options available to you for dealing with your 401(k). Either you can roll them into your new employer’s plan or move them over into an IRA account. Moving your money can help reduce fees and give you greater control. But it is essential to remember that specific requirements must be fulfilled first. Annuities There can be numerous advantages to moving your 401(k) savings from an employer-sponsored retirement plan to an Individual Retirement Account (IRA)....
Read More
An Individual Retirement Account, or IRA, offers many advantages over its traditional alternatives in terms of diversification, inflation protection and long-term security – yet can present its own set of challenges. Knowing how the process works and choosing a reputable custodian are vital in order to have a smooth rollover. Before beginning your rollover process, be sure to select a gold IRA company with a sterling reputation for transparent pricing, competitive fees and responsive customer service. Furthermore, please keep in...
Read More
When considering adding gold and other precious metals to your retirement portfolio, it is essential that you understand all associated fees such as dealer commissions, storage charges and management charges. These costs depend on the account type, custodian choice and whether or not segregated storage is chosen. Costs There are various costs associated with owning a gold IRA, such as storage fees, annual maintenance costs and transaction costs. Over time these fees may accumulate and diminish your returns; luckily there...
Read More
Custodians perform several essential duties for an individual retirement account, including recording transactions and reporting them to the IRS. They do not offer advice or endorse financial products such as real estate investments. Selecting an IRA custodian carefully can have significant consequences for your retirement. When researching providers, pay particular attention to fees, servicing times, and communication protocols. Fiduciary Duty Fiduciaries of retirement plans must always act in the best interests of the beneficiary, which requires careful consideration of available...
Read More
Gold IRAs allow you to hold physical precious metals within an individual retirement account (IRA). They offer an effective way of diversifying your portfolio and protecting against inflation. Gold IRAs can be funded with pretax dollars or Roth after-tax dollars, with expenses typically including one-time setup fees, custodian fees and storage fees. 1. Tax-deferred Gold IRAs provide investors with tax-deferred retirement savings accounts where they can invest in physical precious metals tax-free. A gold IRA is an excellent way to...
Read More
Watching your 401(k) balance decline can be disheartening, but it’s important to keep in mind that investments fluctuate and there could be various reasons your account might be losing money. Rebalancing your portfolio on an ongoing basis can protect retirement savings from being decimated during market downturns or full-on crashes, and ensure that it matches with your risk tolerance. 1. Market Volatility Market volatility refers to the up and down movements in an investment’s price, which can be measured using...
Read More
Recent years have witnessed increasing criticism of IRA fees; most providers now provide low or no account-level charges; however, transaction fees and brokerage commissions still apply. When selecting an IRA provider, try to find one with minimal or no annual account maintenance fees and trading securities fees; such expenses could eat into your returns over time. Tax-deferred savings An IRA gives you the unique ability to save tax-deferred, meaning no federal income taxes are taken out from any investment earnings...
Read More
Gold investing can be an excellent way to protect yourself against inflation; however, just like any investment it comes with its own set of risks. A gold IRA is a self-directed retirement account that enables you to hold physical precious metals such as bars or coins of gold in an account controlled by you and tax-wise administered by an independent third party, like a Gold-backed IRA can provide tax advantages by offsetting some or all of your taxable income up...
Read More
Cryptocurrency is a digital asset with great potential to offer significant returns, yet also comes with certain risks, including price volatility and liquidity concerns. Some platforms provide investors with Bitcoin IRA accounts so that they can diversify their retirement portfolio while avoiding capital gains taxes. Koinly is an easy way to keep track of your crypto IRA investment and tax liability all in one convenient place. It automatically syncs wallets and exchanges, as well as recalculating any tax liabilities due....
Read More
