Inflation, bear markets and recession are three terms that send shivers down the spines of investors.
There is no way to predict how bad things will get, but there are steps you can take to protect yourself and your savings. With the right strategy, you can create a rock-solid financial foundation.
Here are a few important things you can do to help protect yourself from market declines and weather any storm.
1. Secure your retirement with gold and silver
Worried about the stock market? Before disaster strikes, be prepared.
Goldco is here to help. From precious metal IRAs to direct purchases of precious metal coins and bars, Goldco can help you diversify and safely grow your retirement portfolio.
Gold is a safe haven for investors, and for good reason. Gold is a physical commodity, not a form of currency. It can’t be printed like money, and its value is not impacted by interest rate decisions made by the government. Gold can be stored indefinitely and is a proven long-term hedge against inflation.
Goldco is a trusted leader in the precious metals industry. It’s been around for over a decade and has been recommended by celebrities like Fox News talk show host Sean Hannity, Chuck Norris and even former presidential candidate Ron Paul.
They have an A+ BBB Rating, AAA Rating from Business Consumers Alliance and 4.8 to 5 stars on Trustpilot, Trustlink, Google Reviews and Consumer Affairs. You’ll even receive up to $10,000 in free silver on qualified purchases.
Protect your wealth with gold today. Request your free information kit now.
2. Protect your family and your life savings
Odds are, you or someone you know will need long-term care at some point in your life. In fact, 70% of American seniors will need long-term care, but most people don’t plan for it.
In America today, the average cost of a private room in a nursing home is about $108,000 a year. That’s more than the average family spends on food, shelter and transportation combined. And if you live another 20 years, it could easily cost you $2 million dollars or more.
Getting stuck without care is a scary thought. But it doesn’t have to be. GoldenCare can protect your health and your financial future by matching you with the right long-term care insurance for your needs.
“But won’t Medicare take care of all that?” Nope. Without long-term care insurance, your choices aren’t great: They include running through savings, borrowing money, burdening relatives with your care and possibly losing independence because you can’t live on your own.
The best time to cover long-term care is before you will need it and while you still qualify. Get your free quote today.
3. Eliminate your monthly mortgage payments
In today’s world, living on Social Security alone won’t cut it. If you want to maintain your current lifestyle, you will need a way to generate retirement income for life.
Fortunately, you have options. A reverse mortgage from the American Advisors Group can help you enjoy your retirement, rather than simply endure it.
It’s simple: If you qualify, AAG will pay off your house note and give you a chunk of the proceeds to use any way you like — while you’re still living in your home. Because it is your home; you’ll hold the title until you die or choose to move elsewhere, provided you keep making the property tax, homeowners insurance and maintenance payments.
Opt for a lump sum, scheduled payments or even a line of credit. Again, it’s your money, to be used in ways that make your retirement more enjoyable, comfortable and safe.
AAG has a 4.46-star rating with the Better Business Bureau, a 4.5-star rating with Trustpilot and a 5-star rating with ConsumersAdvocate.org.
Discover in two minutes if a reverse mortgage loan is right for you. Enter your ZIP code here to get started.
4. Don’t go it alone: Hire professional help
A study by investment firm Vanguard found that, on average, a hypothetical self-managed $500,000 investment over 25 years would grow to $1.7 million if you manage it yourself, but more than $3.4 million if you work with a professional.
Of course, there are no guarantees a professional will do better than you, but with that much at stake, it would be crazy not to at least check it out. If nothing else, they can help you create a plan, maximize your Social Security, protect your assets and offer you peace of mind by ensuring you’re on the right track.
These days, there are no-cost online services that make it easier than ever to find vetted financial advisers in your area. You fill out a short questionnaire and are instantly matched with up to three local fiduciary financial advisers, all legally bound to work in your best interests.
The process only takes a few minutes, and in many cases you’ll be connected with an expert immediately for a free retirement consultation.
Nothing to lose, lots to potentially gain: Take a minute and check it out right now!
(Please carefully review the methodologies employed in the Vanguard white paper, “Putting a Value on your Value: Quantifying Vanguard Advisor’s Alpha.”)
Add a Comment
Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.