Investing in a Gold IRA – Everything You Need To Know

precious metalsA Gold IRA is an individual retirement account in which some or all of the wealth set aside is in gold or other precious metals. The term Gold Ira is something of a catchall phrase. It does not necessarily mean the resources set aside are in the form of gold. Sometimes the IRA in question can have platinum, silver, or any other type of precious metal. Some people prefer to use this type of IRA because while the value of the dollar may fluctuate wildly, precious metals tend to hold their value or their value is more likely to increase over time.

Why Use A Gold IRA

The currency market is constantly in a state of flux. Uncertainty about whether the value of any particular currency is likely to drop precipitously on any given day is a real concern. Many people that are nearing retirement and want to make sure they will have the money they need to live comfortably in their golden years often opt to keep at least a portion of their retirement savings in precious metals IRAs. A growing number of financial advisors think gold, platinum, and other precious metals are an excellent hedge against inflation and volatility in the currency market over the long term.

Choosing A Financial Institution

Finding the right financial institution in which to establish a Gold IRA is very important. Financial laws require precious metals be held in facilities which provide an adequate level of security. Very specific types of vault and security measures are essential in order for the financial institution to be approved to offer Gold IRAs. Some financial institutions employ third party facilities to actually hold the precious metals used as part of the Gold IRA. However, those third party facilities are subject to very stringent requirements if they are to be considered a satisfactory repository for the precious metals.

Do Your Due Diligence

People considering putting gold in IRA must do their due diligence to ensure their savings will be safe. A reputable financial advisor can recommend several financial institutions which meet or exceed the government and industry security requirements. With security breaches so rampant today, it would be foolhardy for people interested in Gold IRAs to trust anything but the most secure facilities to hold their wealth. Failure to do so will defeat the purpose of investing in a Gold IRA to begin with. Taking the time to do the proper research can prevent heartache and nasty surprises in the long run.

Deciding if or how much of your retirement savings should be held in a Gold IRA is an important decision. It’s one that shouldn’t be undertaken without the help of a financial advisor you can trust.




Benefits of Installing A Home Security System

protect your homeHome security systems can be quite costly. However, they are definitely a worthwhile investment. Below are some of the reasons that you should consider getting a home security system for your home if you do not have one already:

Protect Your Valuables

This is one of the main reasons people get a home security system. Jewelry, electronics and numerous other high-value items are often stolen during a home invasion. Dealing with theft can be even more difficult if a family heirloom is stolen.

It is estimated that 2.5 million burglaries occur in the United States each year. These burglaries cost over $3.1 billion per year. The average person loses $1,700 worth of possessions during a home break-in.

Fortunately, home security systems can help protect your valuables. If someone does attempt to break into your home, the alarm will sound. This will scare off the intruders. It will also notify the authorities.

Save Money On Home Insurance

Home insurance is a necessity for all homeowners. The cost of home insurance is contingent upon many factors, including the place you live, the company and the amount of coverage that you have. However, many insurance companies will offer you a discount if you install a home security system. In fact, some home insurance companies will offer you a discount of up to 20 percent.

Deters Crime

Home security systems help deter crime in areas. There was a study done in 2009 that showed the more home security systems in a neighborhood, the fewer burglaries there were. Therefore, having a home security system not only protects you, but it also helps protect your neighbors.

Peace Of Mind

Your home is supposed to be the one place where you feel safe. However, many people today do not even feel safe in their own homes due to the increasing crime in many areas. People who live alone, the elderly and disabled are even less likely to feel safe at home.

You will likely feel a lot safer with a home security system.  Here’s an unbiased Protection One review from HomeAlarmAdvisors.com that you may find interesting.  You will have the peace of mind that comes along with knowing that you will be able to get help quickly if something did happen.