It’s never too late to do what you can to Finance your Future.

If you got a late start saving for retirement, it’s more important now than ever to start saving away every penny that you can into a retirement fund. Diversifying your portfolio ensures a greater return on investment and provides you with more security than you currently have with no savings plan in place. If you fear that what you have put away won’t be enough to see you through all the years of retirement, what do you do?

The following list of suggestions help you better prepare for life after work when you haven’t saved much:

  • Make saving your modus operandi. If you’re late to the saving game, you can still accumulate a sum of money by putting away $500 a month at an annual return of 6% for a grand total of $144,000. Double the monthly contribution to $1,000 and you’ll wind up with $288,000 saved. It’s far greater than the nothing you originally had to work with. Sure, the way you live your lifestyle could change dramatically, but it’s well worth it knowing that you’ve secured a better financial future for yourself as you age.
  • Work with a trusted advisor and diversify your portfolio. Putting all your eggs in one basket isn’t advisable. Diversity is key. Having a variety of investment options at your disposable is essential especially late in the game. The right advisor will help you find the best things to invest in at the highest return rates. They’ll help you understand the risk you take by sinking money into different options, too.
  • Don’t retire just yet. Keep working past the 65-year mark. Continue to save as much money as you possibly can so that you’re able to accumulate a larger nest egg to work with. A few years is all it takes to see a significant increase in what you have to live on. You’ll also get more in social security benefits. If you delay claiming the money for several years, you’ll see an increase of 7% to 8% in how much you’ll receive once you’ve retired.
  • Consider the value of gold and silver. Precious metals are an option for you to consider. They cost different amounts and provide a tangible good for you to sell when the time is right. There are no penalties or fees involved in transferring your current IRA, either. To learn more about how gold and silver can help increase your financial security as a retiree, inquire about our Home Delivery or Self-Directed IRA. You can request a free Gold & Silver Retirement Kit from us by filling out a short form on our website.

Let Red Rock Secured help you plan for a brighter financial future for yourself and your family following retirement. Precious metals are the type of investment that retains and appreciates in value. If you haven’t thought about Home Delivery or Self-Directed IRAs, now is the time to do so. The clock is ticking. What have you done today to ensure a better tomorrow?


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60 Years Experience


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