One Way to Avoid Worrying About Retirement


If you are heading for your golden years, you are probably starting to think about retirement. When I was letting my mind wander down that same path, I decided to turn to a number of different advisors. I had no clue as to how to start saving for my imminent retirement. I had no idea how to make sure that when my working days were over, I’d be able to kick my feet back and relax. The first piece of advice that I got was to get myself a retirement account. Pretty obvious but yeah, do it.

Get a Retirement Account!


I went to step one, then. When I checked with my employer, I found out that I had something called a “401(k)” account at my place of work already. With this kind of account, a portion of my paycheck was deducted every month and deposited into the account. This money did not have any immediate taxes imposed on it. This was apparently a special rule for retirement accounts. I immediately started to feel like I was sorted. However, just to be safe, I checked out the risks of my current 401(k) account.

It turns out that it isn’t the lifesaver I thought it was. See, this kind of retirement account is closely linked to the global economy. This meant that if the market crashed, so would my retirement fund. Obviously, I did not want this to happen! This is when I started looking into alternatives to the normal retirement fund.

The Silver IRA


While consuming information from various financial instructions and material, I finally came across something that looked very promising. It was called a silver IRA. At first, I was mildly curious, but when I read further information on silver IRA, I was hooked! The basis of the silver Individual Retirement Account (IRA) is that precious metals like silver and gold are not related to the global market as closely as a typical retirement account is. Basically, you open an IRA at a private financial organization like a bank after making sure that it has this silver IRA or gold IRA option for its retirement accounts. Then you buy gold or silver with the money that is in the retirement account. This means that you would be converting a part of the IRA into physical precious metal.

Why would this be attractive at all? This was my first and most important question. The answer, as I soon found out, was very simple. See, precious metals like gold and silver don’t lose their value over time. The value of gold and silver has been constant for the past few centuries, making it one of the most stable forms of physical value that there is.

After finding out all I could about the silver and gold IRA options, I proceeded to open an account. That was a few months ago, and ever since I did, I have been sleeping better at night because I no longer have to worry about the stability of my retirement fund. If you have begun thinking about retirement, you definitely should give this a go too, because it is very stable indeed. You can even do this with an existing IRA by doing something called a silver IRA rollover in which you take your existing retirement account funds and put them in the new IRA, after which you can take the gold or silver path to a happy retirement, just like I am!


Photo courtesy of: ManuelPacheco

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Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at or follow her on Twitter @shoeaholicnomor.

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