Make them Specific, Measurable, Attainable, Realistic, and Timely!

When it comes to retirement, do you have goals in mind? Or, are you blindly squirreling away money into a 401K or traditional IRA without rhyme or reason? Are you hoping to earn enough interest off of your savings to survive life outside the workforce? If you haven’t thought about how to get from Point A to Point B successfully, now is the time to set clearer, better goals. The solution that you’re looking for is SMART goal-setting.

What are SMART Goals?

SMART stands for Specific, Measurable, Attainable, Realistic, and Timely. It’s a system for goal-setting that is highly effective and easy to implement especially when it comes to setting financial goals for yourself. Each letter that makes up the word SMART stands for a quality that is ideal for successful goal-setting.

When a goal is specific, it names the who, what, when, where, why, and how. It gives you a sort of roadmap to follow from Point A to Point B and reminds you of why you need to save and invest money for retirement in the first place. It gives time and dates so you have deadlines to meet.

The measurability of a goal is in its details. How exactly do you plan to fund your ideal retirement lifestyle? Which system must be in place for you to check your progress? Having a financial advisor who is willing to meet you to discuss your investment portfolio regularly is ideal. You can also keep track of precious metal prices daily by visiting websites that track their growth for investors.

An attainable goal is one that you know you can meet. It’s realistic and it’s timely. It’s a sum of money that you can make, save, and invest easily by a certain date. For example, if you want to retire shortly after your 67^th birthday, you’ll know that you have from now until then to get your financial affairs in order.

SMART goals are focused on a formula that works. They’re specific to a person and what they want to achieve financially. You may discover that it becomes increasingly more challenging to create goals that you can complete the closer you get to retirement age.

It’s very important to be future-minded about your life just as soon as you enter the workforce. By making the gold investment and other precious metals, you can amass a sizable portfolio that can then be used to live the life that you always hoped you would after leaving your job for good. You’ll have far more to work with when you include profitable gold, silver, platinum, and palladium in our Depository Storage facility.

Be Smarter About Retirement with Red Rock Secured’s Assistance

Be SMART about retirement. Let Red Rock Secured help you invest your retirement savings better with the inclusion of precious metals in your investment portfolio. Safer than real estate, the stock market, and fine art, gold investment, silver, platinum, and palladium maintain their worth. They’re seen as a true asset by many nations worldwide as a currency and investment option.

Tracking Down IRA Basis: A Gold Mine for Beneficiaries

What your loved ones know now could benefit them later.

There isn’t a soul around who likes to pay taxes unnecessarily. Heirs who inherit IRAs give a good portion of the money left to them to Uncle Sam. Making your loved ones aware of the IRA basis of the inheritance you’re leaving to them is very beneficial as it allows them to stay within the law and reduce their tax liability. Otherwise, they’re stuck paying taxes on the post-tax money you saved for years. To avoid complicating matters, it’s important to know the amount of contributions that are nondeductible aka the basis so that the money doesn’t get taxed twice.

Here’s was you need to know about basis and how it affects the money you leave to your heirs in your gold IRA companies.

What’s Been Taxed and What Hasn’t Been Taxed

If you’ve made post-tax contributions to an gold IRA companies, the person or people that you will your IRA to must know how much of the money is tax-deductible.  That way, they’re only responsible for the part of the inheritance that hasn’t been taxed. Working with your financial advisor to come up with a document that explains this information to your loved ones is ideal. They’ll be able to figure out their own taxes easier because of the steps you took to make your gift to them clearer.

Roth IRAs and How They Work

 Roth IRAs work differently than traditional IRAs because the account owner’s contributions are not deductible. Withdrawals are also tax-free as long as the decedent contributed money to the account in the five years prior to their death. All distributions you make to this type of retirement account are tax-free unless for some reason, you pass away before the five year mark is up. The basis is removed tax-free. The distributions paying out what is left are then taxable and paid by the heir of your IRA account.

 Using Pre-Tax or Post-Tax Dollars to Buy Precious Metals

 You have the option to buy precious metals with pre-tax or post-tax dollars, whichever choice is best for you. Some people prefer to wait until their money is taxed to invest in gold, silver, and platinum. That way, the only tax they pay is on the profit they made from the sale of their precious metals. It gives investors more flexibility and control over their retirement funds.

Learning more about the different options that await you at Red Rock Secured is easy thanks to the resource center we created for you. There you will find downloadable guides that you can read about Gold IRAs and how they work. You can also read our blogs and peruse our catalog of inventory to familiarize yourself with the gold, silver, and platinum sold on our website.

 Give Your Loved Ones an Advantage with Red Rock Secured

Invest in a Gold IRA companies with Red Rock Secured. Give your loved ones financial peace and security when you’re no longer here with them. The money you leave for your beneficiaries can change their lives for the better. Having the difficult conversation about IRA basis helps them prepare for what’s to come once they’ve been given their inheritance from your estate.

Self Directed IRA

What you need to know to make an informed investment decision in your financial future.

As you get closer and closer to retirement age, it’s important that you know which opportunities await you financially. After all, you’re going to need a great sum of money to see you through the rest of your lifetime. Even if you live a modest lifestyle and plan to do so as you grow older, it doesn’t mean that a medical or financial emergency won’t wipe out what you worked so hard to save. When it comes to investing in your future, you can never have too many options to choose from.

Letting You Call the Shots When It Comes to Your Retirement Fund

Having a say about how your money is invested is among the most powerful feelings in the world. That’s where the self-directed IRA comes in. Rather than hope that someone else has your best interests in mind, you take charge of your own retirement accounts and determine how the money you’ve saved is invested. To further explain the process and how it pertains to precious metals, we’ve described it in greater detail below.

A Self-Directed IRA Gives You a Greater Sense of Freedom and Accomplishment

A self directed IRA puts you in greater control of your retirement funds. It allows you to take part or all of the money you’ve put into a traditional IRA and redirect it into a gold or precious metals IRA with Red Rock Secured. The advantages that come with this type of transaction is that you get to do so without incurring penalties and fees while actively diversifying your investment portfolio.

Precious metals such as gold, silver, and platinum have maintained their value over time because of their scarcity.  There are fewer gold, silver, and platinum coins than there is paper currency which can be printed on demand. When you transfer your savings into a Gold IRA, it remains untaxed until you decide to take a disbursement. All the while, the coins and bullion you’ve invested in continue to grow in value, making you a handsome profit to add to your retirement funds.

Self directing funds gives you the power to invest them the way you want. Rather than rely on traditional retirement accounts which don’t always pay out what you hoped they would in interest, you get to decide which options help your money grow faster with the least amount of risk. It doesn’t mean that you don’t rely on your financial advisor at all. It means that you ultimately make the final investment decisions yourself.

Let Red Rock Secured Help You Invest in a Brighter Financial Future for Yourself

Interested in a Gold IRA? Red Rock Secured has you covered. We offer free downloadable investment guides for you to refer to. Jam-packed with the information you need to feel informed about self-directed IRAs and the benefits of investing in precious metals such as gold, silver, and platinum, the printable documents serve as a valuable resource that you can read whenever you need more information about your retirement accounts.