Precious Metal IRA Investments for Retirement

People have worked hard over the course of their careers to save enough funds for their retirement, and they would hate to see any of their hard work go to waste. That is why it is imperative to do whatever they can to provide them with the best chance of keeping that value they have worked for intact.

A precious metal Individual Retirement Account is one-way savers can use to improve their financial portfolio. People have surely heard of the old saying, “you should not put all your eggs in one basket.” When individuals have only put their savings into one type of asset, the value of their retirement will depend entirely on the failure or success of that asset.

How money’s value is calculated? Click this site for details.

In the past, it has proved disastrous – ask anyone who was hinging on the success of their stocks during the financial crisis of 2008. There can be some danger when it comes to leaving your financial future in the hands of a very volatile paper asset.

That is why financial experts and economists recommend spreading out saving funds into different types of assets – and precious metal IRAs might be the best ones to balance these savings. Experts spent tons of valuable time vetting gold Individual Retirement Account firms. If investors would like to know more about these things, keep on reading.

What are precious metal IRAs?

It is a type of self-directed Individual Retirement Account or SDIRA. It is very similar to standard IRAs people might get through their companies or employers. The most significant difference is that instead of holding a paper asset (bonds and stocks), precious metal IRAs hold tangible, physical, valuable metals in the form of coins and bars.

As a matter of fact, self-directed means people are in control of what is in it and what people do with this asset, as long as they follow Internal Revenue Service rules. It is different from assets like money market accounts, which are directed by professional account managers with management fees. SDIRAs can also hold other assets like cryptocurrencies or real estate.

Check out https://study.com/academy/lesson/internal-revenue-service-irs-definition-history.html for info about the history of IRS.

But these metals are popular choices for individuals who want to diversify their savings because of inverse relationships between the value of fiat money and valuable metals. Other than holding various types of assets, this thing is mostly identical to SDIRAs. It includes the types of IRAs readily available to the public, like a simple Roth or a traditional Individual Retirement Account, penalties when withdrawing the fund early, and contribution limits.

Balanced Precious Metal Investment Strategy | Auctus Metals

How to open precious metal IRAs?

Suppose a person has not worked with precious metals or other SDIRAs before. In that case, the process may look pretty intimidating and complicated compared to standard Individual Retirement Accounts they might get from their employees. But do not worry – it is not as complicated as it seems, and when people work with excellent gold IRA firms, they will help investors through most of the process. If a person is interested in starting precious metal IRAs, here are the simple steps they need to take.

Choose a valuable metal IRA firm

Once investors have decided they are interested in these assets, they need to start the process by researching silver and gold IRA firms they want to work with. Picking a reputable firm will make the rest of the process go smoothly, as most reputable companies or professionals will assist their clients in the process.

As a matter of fact, the best precious metals IRA Company will have tons of educational resources and experience they can use to inform their clients about these accounts and gold’s place in this industry. If an investor is armed with these pieces of information, they will be a lot better equipped to make the right decisions about their future in this industry.

It is imperative to avoid organizations that put pressure on retiring individuals to purchase these assets from them. It can even take the form of gimmicks, misleading tactics, and lies some organizations will use to scare potential customers into opening accounts. One way to pick this type of firm to work with is to look at reviews and ratings that former clients have left about their experience with the said company. People can do this on consumer watchdog sites like the Better Business Bureau, Trustlink, or Business Consumer Alliance.

What is market momentum in forex?

In the foreign exchange market, momentum is the rate of change in the price of a currency pair. Traders can measure momentum using various technical indicators, such as the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD).

When a currency pair’s price rises, it is said to have positive momentum. Conversely, when the price is falling, it is said to have negative momentum.

Momentum can be used as a leading indicator to predict future price movements. For example, if a currency pair has been rising for several weeks and shows no signs of slowing down, it will likely continue to rise. However, if the momentum starts to slow down, this could be a sign that the price is about to reverse course. Click this link to find more info about this topic.

What to consider when trading with market momentum

The trend

It would be best to consider the trend when trading with market momentum. Is the overall trend bullish or bearish? If it is in a strong uptrend, you want to look for currencies that are also in an uptrend. In contrast, if the market is in a downtrend, you should look for currencies also in a downtrend.

The strength of the momentum

The second thing to consider is the strength of the momentum. A currency pair could be in an uptrend, but if the momentum is weak, it could signify that the trend is about to reverse. Likewise, a currency pair could be in a downtrend, but if the momentum is strong, it could signify that the trend is about to continue.

Support and resistance

The third thing you need to consider is support and resistance, which are levels where the price has difficulty breaking through. It could reverse course if a currency pair is in an uptrend and hits a significant resistance level. Likewise, if a currency pair is downtrend and hits a significant support level, it could rebound.

How to trade with momentum

Identify the overall market trend

You should first identify the overall market trend. You can look at a longer-term chart, such as a daily or weekly chart.

Find currency pairs that are in a similar trend

The second step is to find currency pairs that are in a similar trend. For example, if the overall market is in an uptrend, you want to find currency pairs also in an uptrend.

Wait for momentum to confirm the trend

The third step is to wait for momentum to confirm the trend. As mentioned, momentum can be measured using various technical indicators, such as the RSI or MACD.

Once you have identified a currency pair with solid momentum, you can enter a trade in the direction of the momentum.

For example, let’s say you identify EUR/USD as a currency pair with strong positive momentum. You would then enter a long (buy) position at 1.3500 with a stop loss at 1.3450 and a target of 1.3600.

Risks of trading with momentum

The trend could reverse

The first risk is that the overall market trend could reverse, which would cause your trade to go against you.

The momentum could fade

The second risk is that the momentum could fade, which would also cause your trade to go against you.

You could get stopped out

You could get stopped out if the price hits your stop loss.

You could miss the move

The fourth risk is that you could miss the move if you don’t enter the trade in time.

How to manage risks when trading with momentum

Use a stop loss

The first thing to do is use a stop loss to help limit your losses if the price goes against you.

Take profits at critical levels

The next thing to do is take profits at critical levels, such as support and resistance levels, to help lock in profits if the price starts to reverse.

Use a trailing stop

A trailing stop could help you stay in the trade if the price continues to move in your favour while protecting your profits.

Barry Bulakites Offers His Expertise on Retirement Distribution Strategies

Barry Bulakites of Denver, Colorado, Offers His Expertise on Retirement Distribution Strategies

DENVER, CO /2022 / Retirement distribution strategies help retirees make their money last, whether they plan to use it in retirement or pass it along to loved ones. Barry Bulakites is the President and CEO of Table Bay Financial Network. He is an expert in retirement taxation, consulting, and distribution strategies. He recently discussed the top approaches to ensure a more financially secure future.

“Properly planning for retirement is essential to enjoying the golden years,” Bullakites said. “For many, strategic planning is the difference between enjoyment and constant financial stress.”

The Importance of Retirement Distribution Strategies

Barry Bulakites explained retirement distribution strategies are essential, but the best options vary from one individual to another. There is no way to tell how long a person will live and what financial struggles they’ll face in retirement. Bulakites explained this is why individuals and couples planning for retirement should review their accounts and strategies yearly with an expert.

Create a Plan for Withdrawals

A retirement strategy cannot be effective without a plan for how much the individual will withdraw from their retirement accounts each year. Withdrawing too much can deplete the account too early and result in a financial crisis for an individual, their family, and future generations.

Bulakites recommended withdrawing a fixed percentage from each year. Many financial experts suggest withdrawing 4 percent the first year, then adjusting the percentage yearly based on inflation. A retiree with $1 million in retirement savings would withdraw $40,000 during the first year, then adjust that number to reflect the current inflation rate for the following year.

Bulakites expressed the importance of choosing a withdrawal percentage with a financial expert and not straying from the less necessary.

Make Systematic Withdrawals

Financial experts know how easy it is to over-withdraw when simply taking money out of an account whenever needed. Barry Bulakites recommends making systematic withdrawals every month or quarter to ensure the withdrawals are on track with the recommended annual amount.

Use a Flooring Strategy

Bulakites mentioned another effective strategy for retirees with guaranteed income, such as social security, annuities, and pensions. The flooring strategy involves creating enough guaranteed income to pay for basic needs, such as by purchasing an annuity with an inflation-adjusted income rider.

Bulakites explained there are numerous lifetime income items on the market now. Some are affordable if purchased at a young age but don’t pay out until later in life. Another way to create a financial floor is to delay the beginning of Social Security benefits. Individuals receive an 8 percent increase in monthly payments for every year they delay.

Bulakites stated that creating a financial floor provides the peace of mind needed to enjoy retirement fully.

Bulakites and Retirement Strategies

Barry Bulakites is an expert in helping individuals develop the best retirement strategies for their needs. He explained that countless retirement strategies are available, and individuals and families must meet with an expert to choose the best for their circumstances.

David Johnston Provides 5 Options for Financing Biotech Startups

The creation of cutting-edge drugs for treating cancer and other ailments has made biotech startups increasingly popular in recent years.

Former CFO David Johnston offers his wide range of experience by suggesting eight sources for financing your Biotech Startup. David Johnston Provides 5 Options for Financing Biotech Startups

Grants

Federal grants are freely accessible for promoting partnerships that facilitate the commercialization of inventions. Nevertheless, funding is associated with several policies related to data sharing that have to be followed.

Private Financiers

Numerous startups rely on funding provided by individual investors who are enthusiastic about biotech and confident in its goods. They may be well-off members of your family, friends, or acquaintances. Given that they do not want any control over the company they invest in, you may easily persuade them to buy your goods.

Angel Investors

When family and friends can’t be of much assistance, angel investors step in. They can be characterized as those with sufficient funds for making private investments in startups. They will occasionally spend more than $500 000 on such projects.

Be warned that such investors expect a sizable share of the company and sufficient oversight. Thus, the counsel and experience of such investors are the only advantages.

Venture Capitalists

In that they demand a great deal of control over the management and operations of the business, venture capitalists are comparable to angel investors. These are most frequently favored in the biotech industry. Investors in venture capital companies prefer to be certain that the projects they are funding will be successful and yield high returns. They will continue supporting the project by offering assistance with management, promotion, and contacts for more investment.

Crowdfunding

Today, some enterprises choose crowdfunding as a means to success. This business model works best for companies who can pre-sell a product that will be available shortly. For instance, equity crowd fundraising is very common in the life science industry. Through equity crowd-funding, biotech businesses can generate more than €1M because it draws a lot of small investors. However, this model is new because it takes a long time to get returns.

Summary of BioTech Funding Options

Due to the ease of obtaining financing nowadays, starting a biotech company is now relatively simple, says David Johnston.

According to David Johnston, patience is crucial while navigating a start-up’s fundraising process. Biotech businesses need more cash than any other type of business, and they have to work harder to get it. However, they also receive significant rewards, making it crucial to create more of these businesses. The moment is here for a biotech business, but finding suitable finance sources quickly is difficult.

Funding sources will always be accessible to creative and ambitious biotech firms, regardless of anything else. Intense devotion, an original product, and creativity are all that are required for success.

Former CFO David Johnston brings over thirty years of senior financial leadership expertise. He is currently the principal of DBJ Consulting LLC, which offers rising life science enterprises financial and strategic help.

Serial Entrepreneur Kevin Mulleady Explains What Entrepreneurs Should do to Protect Their Business from Inflation

As a successful entrepreneur, Kevin Mulleady knows the importance of wise financial management. He is also familiar with the challenges runaway inflation poses for entrepreneurs struggling to secure labor, supplies, and transport without raising prices too high for consumers, cutting services, laying off essential employees, or scaling back the business. Mulleady offers advice that can help current business owners and those thinking of starting a new business to succeed long-term despite the rising costs of goods and services.

Mulleady urges entrepreneurs to look closely at their financial business performance from the last few months to see what needs to be done to keep a business afloat and then decide on ways to bring in higher profits. In some cases, this could mean stocking up on materials even if the company needs to take out a loan to do so. Such a course of action could help a business owner save thousands of dollars long-term; inflation and ongoing supply chain shortages could continue pushing up the price of raw materials for the next year or longer, and loan interest rates could continue rising as the FED attempts to rein in soaring inflation rates. At the same time, Mulleady notes, existing customers know that business overhead prices are rising faster than they did in times past, and they will often not mind paying extra for goods or services they know offer good value for the money spent.

It is also wise to reconsider which products or services should be offered now, and in the future, Kevin Mulleady advises. If, for instance, it is becoming too expensive to purchase raw materials used in particular products, it may be time to transition to new products or services and to use new materials in product creation. This is a delicate process, as consumers that expect a business to meet specific standards may be put off if they think a company is trying to cut costs by using low-quality materials. Once again, Mulleady explains, this is where a good marketing campaign comes in. A business should explain the benefits of its new materials and manufacturing process to get consumers inspired about new product lines.

Kevin Mulleady also encourages entrepreneurs to look for ways to cut costs. Hiring contractors or freelancers can be more cost-effective than hiring full-time employees. Allowing employees to work from home rather than leasing an office can save a business the money that would have been spent on rent and utilities. Transitioning to an online-only platform may be in order if it is becoming too expensive to maintain a storefront. Moreover, becoming an online-only business does not have to preclude making local, in-person sales, as a company can always rent vendor space at local markets and events.

Some experts warn that up to 66% of small businesses could close in 2022 because of inflation, as the rising cost of goods and salaries can make it difficult for even savvy small business owners to keep up. Many consumers are also looking for ways to lower costs as inflation takes a bite out of their income. Companies could lose long-term clients even if they offer top-tier products and services. However, as Kevin Mulleady quickly points out, inflation doesn’t have to shut down a business automatically; it could even help a business grow to new heights by taking out local competitors. Mulleady urges entrepreneurs to face the many challenges of inflation by assessing how their company operates and making needed changes to keep it afloat. It can be time-consuming or even emotionally taxing to evaluate business operations to look for ways to boost profits and lower operating expenses, but the end result is likely to be well worth the effort.

Tips for Improving Employee Retention Rates

A low employee retention rate is very bad for business. It means losing out on valuable talent, and constantly incurring costs to train new employees. While you can’t force employees to stay, there are things that can be done to significantly decrease their chances of leaving.

Here are 4 top tips to improve employee retention rates.

Pay Competitive Salaries

Constantly underpaying employees is a good way to lose them.

The job market is more transparent than ever, and it doesn’t take much digging for employees to find out if they’re making significantly less than their colleagues in other companies. And once they feel undervalued, they’ll start looking for other opportunities.

To keep talented employees from leaving, it’s important to make sure they’re being paid fairly. The best way to do this is to conduct regular salary reviews to ensure that your employees are keeping up with their industry peers.

The higher people are paid, the more motivated they are to stay and do a good job.

Offer Fair Benefits

Employee benefits are another key factor in retention.

In addition to offering health insurance to cover increasing healthcare costs, retirement accounts to pay for future assisted living facilities, and other traditional benefits, more and more companies are starting to offer things like unlimited vacation days, flexible work hours, and free snacks and drinks.

While these types of perks might seem frivolous, they can make a big difference in employee satisfaction. So, consider implementing less traditional benefits like a lunch service, casual wear days, or a working only from home option.

If your company doesn’t offer competitive benefits, employees will start looking for somewhere that does.

Encourage Professional Development

Most employees want to feel like they’re doing more than just punching the clock.

They want to feel like they’re developing professionally and making a difference in their company. If your employees don’t feel like they’re growing in their roles, they’ll start looking for opportunities elsewhere.

To keep your employees engaged, invest in their professional development. A great way to do this is to offer training and mentorship programs. Also, encourage them to take on new challenges and roles.

The more you can help them develop their skills, the more likely they are to stick around.

Promote a Positive Culture

Last but not least, employees want to work in a positive environment. Toxic workplace culture is a major turn-off and is often a major factor in employees leaving.

To create a positive culture, start with open and honest communication. Encourage feedback, and make sure employees feel like their concerns are being heard. Then, enforce company policies that promote a collaborative and positive environment.

If employees feel like they’re part of a positive community, they’ll be more likely to stay.

Following these tips can help you keep your best employees from leaving. Invest in your team, and you’ll see the payoff in lower turnover rates and a more engaged workforce.

WHY SELL YOUR SCRAP GOLD

Are you strapped for cash? Then you can sell your unwatned gold jewellery to gold buyers Brisbane. Nno matter what precious metal you have, a gold buyer will accept it at their shop and pay an excellent rate for your gold based on current market rates.

On the other hand, if you are wondering if you should sell your scrap gold or other gold items? Then look at why it is an excellent idea to sell your gold today.

Gold Will Always Have Value – No Matter if it is Used or New

Even your broken items are worth money. For example, you may have old gold jewellery pieces lying around. Whether it has a broken clasp, a missing gem, or is unusable, you can sell it for scrap gold. You can sell it to a gold dealer and quickly get 80% – 90% of the market value based on today’s metal price. You can even sell any gold, from coins to bars, if you have them available for quick cash.

The Gold Jewellery Might Be Worth More Than You Think

The gold’s value is initially determined by the spot price of gold. As most gold buyers have live prices on their websites, you can watch all the pricing live by the karat. Still, do not expect to get the full value of the gold. The reason is that dealers buy back scrap jewellery under the spot price usually around 90% to the spot price.

Sell Items You Never Use – Your Bank Will Love You

There is no need to hold onto gold jewellery pieces that are broken and never used. Selling gold to gold buyers in Brisbane will help you declutter your jewellery box and get plenty of cash. You can use the money to buy new jewellery pieces or close up some unexpected financial holes or pay off some debt.

Selling Scrap Gold to Dealers is an Easy Way to Get Fast Cash

As you can see, selling scrap gold to a gold buyer will help your get rid of old unused gold items and free up soe cash. First, visit a local dealer who will test the gold for its purity and sort them into carats, followed by weighing the pieces.

Then the sales consultant will determine its value based on the price advertised on their website. If a gold buyer doesn’t offer you the price advertised on their website, it’s best to leave and try another dealer.

When you sell your gold jewellery or other precious metals to a dealer, you can sell them at once to save time instead of trying to sell them privately one by one. You don’t need to waste your energy and time handling the sale. It’s also not recommend to send your items by mail, have them lost in the post, or suffer from fraudulent online transactions.

Which in itself is time consuming if you need money fast. But, on the other hand, by using a reliable gold buyer, you will get peace of mind knowing that you will receive cash for your scrap gold without all the extra work.

How to Protect a Real Estate Investment According to Wellman Shew

Insurance agency manager Wellman Shew discusses how to protect real estate investments by choosing the right insurance policies.

FRESNO, CA, USA, June 28, 2022 — Many people make real estate investments without thinking about the necessary ways to protect themselves financially. Wellman Shew, California-based insurance consultant, discusses the ways to protect property.

A real estate investment can be utilized in a number of ways. It can be land, residential, or commercial. It can be divided up and sold individually, it can be rented, or it can be held until the market shifts.

Most people assume that home or commercial insurance is only necessary if the individual is using the home or business. However, investors need to understand that property insurance should be obtained on any type of real estate, regardless of how it is being used.

Wellman Shew has grown up in California, spending most of his time in Fresno. As a graduate of California State University-Fresno and spending 30+ years in the insurance industry, he has seen firsthand the importance of how the right insurance policies can offer financial protection.

Agency Manager Wellman Shew Discusses Home Insurance

While Agency Manager Wellman Shew acts like a consultant who specializes in group employee benefit programs as well as personal insurance involving life insurance and medical supplements, he often offers comprehensive advice to his clients.

Home insurance should be obtained the moment that a residential real estate property is purchased. This is regardless of whether there is a mortgage on the property or not. Shew is quick to note that while mortgage companies generally require a policy, those investors who pay cash often try to skip buying a policy.

A home insurance policy offers several important components:

Protection of the dwelling
Personal liability to the harm of others
Loss or theft of possessions

The first two are of particular importance to investors. The protection of the dwelling ensures that the home itself has protection in the event of a natural disaster. Personal liability also ensures that if anyone is harmed on the property, the investors aren’t financially liable.

A Deeper Look at Commercial Insurance

Commercial properties are also acquired by real estate investors. Wellman Shew recommends that property insurance be obtained immediately – and for the same reasons why home insurance would be acquired on residential investment. There’s protection for the building itself as well as liability.

Additionally, for real estate investors who have an entire firm in place, there are other ways to protect one’s interests with various forms of insurance.

Wellman Shew’s recommendation is for anyone who is interested in buying real estate to sit down with a professional insurance agent who is licensed within their individual state. This way, it’s possible to explore the various policies and ensure that one is customized to encompass the investment property.

What is the best olive oil you can buy?

What is the best olive oil you can buy? To answer this question simply, one of the world’s healthiest cooking oils is Extra Virgin Olive Oil. Hair and skin benefit greatly from its use. It is also believed to reduce inflammation because it is made without the use of heat or chemicals by crushing freshly selected olives and extracting the oil from them. In addition to being low in bad fats, the oil is cholesterol-free and has a positive effect on the body’s defences. Using it in a variety of ways allows you to get the most out of it.

How to choose the best olive oil?

As intimidating as it may seem to shop for the best and healthiest olive oil, you can accomplish it with some direction and understanding. Every company claims to be the finest, but there are a few characteristics that prove it.

Freshness

Freshness should be a consideration while purchasing olive oil. For your health, the more recently sourced the oil is, the better. To avoid refined oils, only buy extra-virgin olive oil, rather than light or plain varieties. If you want to maintain as much nutritional goodness as possible, you should use the cold-pressing process. Keep in mind that olive oil is best stored in opaque containers rather than clear ones, as sunlight is bad for it.

Top Olive Oil Brands

As a novice to the world of extra virgin olive oil, these are my top three picks. If you have these three in your pantry, you’ll be ready for anything.

Clovely Estate Koroneiki oil

If you’re having an antipasto platter with cheeses, olives, salami, and other delicacies, choose Clovely Estate Koroneiki oil. An excellent oil with the perfect blend of flavours; sweet ripe fruit meets green fruit flavour with just a hint of pepper.

Estate Extra Virgin Olive Oil

Estate Extra Virgin Olive Oil is a high-quality oil that may be used in a wide variety of ways. It is a Clovely Estate hallmark blend. It’s a versatile olive oil that can be used in both cooking and as a salad dressing, with all the sunny flavour of the South Burnett olive trees.

Arbequina

Arbequina is a lighter, sweeter, and more buttery oil that comes from the Catalan region of Spain. For a more delicate meal, or if you want a milder pepper flavour, this is a perfect oil to use. In fact, I’ve put it in ice cream before.

Qualities of a good mentor

Mentors play a crucial role in both professional and personal development. They act as role models in instances where people require someone to steer them in the proper route. Mentors that are committed to assisting others in attaining their objectives are good mentors.

A good mentor has a number of characteristics. Look for someone who is passionate, a nice fit, considerate of others, and a reputable professional in their industry when choosing a mentor. For example, Andrew Benetter, the renowned CEO of Nudies, is a good mentor when it comes to entrepreneurship and investment managing. A good mentor is important as they will assist you in achieving your goals and, perhaps, establish a mutually beneficial connection between you and your mentor.

Eager to share information, ideas, and experience.

A good mentor is inclined to exchange what he or she knows and appreciates the protégé where they are in their career. Mentors who have been in the business for a long time can recall what it was like to begin. The mentor values the partnership and recognises that it takes time and dedication to be successful. He or she is open to sharing information and provide help and assistance to the protégé.

Desire to interact and engage

The most effective mentors focus on making connections with their peers. They recognise that these relationships with peers are about more than just money. These connections, on the other hand, are critical to building an extensive network of leaders in every field. When looking for a mentor, look for someone who is available to connect you with relevant specialists to help you build a clearer perspective.

A mindset of reverence

You don’t want someone who criticises you brutally and unconstructively, disrespects you or people connected to you, and eventually gives you a bad image. This results in a relationship that is both ineffective and unpleasant. When good mentors do something less-than-respectful, they realize it and apologies sincerely.

Acts as a positive role model by demonstrating a positive mindset.

An excellent mentor demonstrates the personal qualities necessary for professional success. They are displaying the precise behaviours and actions necessary to excel in the field by teaching the apprentice what it requires to be efficient and motivated.

Active talents in listening

Mentors frequently share their knowledge and provide advice in person or via email. Mentors that are the most encouraging pay special attention to their apprentices. Mentors who are effective prefer to dedicate equal amounts of time to allowing people to communicate, and their effective listening skills ensure that they listen and understand what you say.