Categories
Uncategorized

The Pandemic & Insuring Your Future

The Value of the Dollar During Uncertain Times

It would be an understatement to say that COVID-19 has shaken up the economic foundations of countries throughout the world. Forcing businesses to shut-down shop and retreat to remote working, the pandemic has left an unprecedented financial landscape in its wake. 

As the government introduced federal reserve stimulus packages, industries waned and the focus turned towards the true value of our dollars. Is the American dollar as certain as we once thought? This has been the question on many minds since the beginning of 2020 – the year when all of a sudden, the balance in a bank account didn’t hold as much weight. This year, the term “smart investing” begins to take on a new meaning.

With the economy of our country suffering, the concern of inflation grows alongside the unpredictable spread of the global health crisis. With bonds and shares liable to fluctuate with the slightest disturbance, the pandemic has left some investors biting their nails. The latest news has many Americans wondering what they will do to ensure their families financial stability and health as well. In fact, the dollar since May of 2020 had faced a worrying decline in just a few short months. 

If that is not worrying enough, just this week Pro Publica came out with an article explaining how pensions recipients, insurance companies and other firms are at risk of problems in the future because of these same policies being put in place to salvage the deteriorating economy. What does this mean? It simply means that we need to plan ahead for the sake of our well being. 

RGG’s Company Policy

Here at Reagan Gold Group, our priority first and foremost is to safeguard ourselves and our clients from any threat to your financial stability – that includes the health of your family members and loved ones.  At Reagan Gold Group, we are taking the COVID-19 pandemic very seriously. While we are fortunate to be able to continue to serve the community remotely for financial diversification, we are also taking every precaution in our business transactions to ensure you continue to receive the best possible services during these uncertain times. 

The majority of our interaction with clients takes place via phone calls and emails. Meaning you can start insuring your IRA easily from the comfort of your home. This provides you with the peace of mind that your physical and financial health are safe.

How do You Combat the Unpredictability of a Global Health Crisis?

Many precious metals investors are speculating that if there is in fact another stimulus package, the price of gold and silver will almost certainly rise drastically. Essentially, what we need to do is take out an insurance policy on your wealth and assets. Why? Because right now seems to be one of the best times to make sure you insure your cash dollars. Between a global pandemic, an economy in turmoil, and a tumultuous election on the horizon, the status of the American dollar is, in short, uncertain. Transferring to a gold IRA account can make for an airtight long-term investment plan — with the right strategy.

Make sure you get the right advice for your lifestyle with Reagan Gold Group. We ensure that our clients get the best value for their investment dollars. With years of experience and practical knowledge, our investors are ready to help you Invest in The Purest Form of Money. Call today or fill out our form to get our IRA Investors Starters Kit to help you get started on the right path for your financial security.

Categories
Uncategorized

3 Government Acts That Would Disrupt Retirement Savings

If you are a typical American, you have likely spent time and energy to devise a well-planned retirement savings that is meant to protect yourself and your family for years to come. While there are many economical and financial factors that lead you to modify your retirement plan at times, the one thing you expect is that no one else can change it. This is only true to a certain degree. When the government gets involved, you can expect changes that impact your savings. In fact, as you read this, there are three government acts undergoing modifications that if approved would disrupt the retirement savings of many.

Proposed Government Act Modifications

Congress is reviewing three government act proposals: the Secure Act, the Social Security 2100 Act, and the Rehab for Multi-Employer Pensions Act. While there are some positive changes for some, the passing of these acts come with a price to others. The approved modifications to these acts could negatively impact those in the working class, small business owners, and investors that have worked hard to establish a significant retirement savings plan for their beneficiaries.

Impact of the Secure Act Proposal

The Secure Act, which stands for Setting Every Community Up for Retirement, passed in the House in May and it is now expected to pass in the Senate. While the intentions of the act are good in terms of helping Americans save for retirement, there may be some unfortunate results for those in certain situations. The act proposes these changes, many of which could actually reduce the value of retirement savings accounts.

  • Investors/Retirees/Beneficiaries: For IRAs, 401(k) plans, 043(b) plans, and other retirement plans, the required minimum distribution (RMD) age will change from age 70 ½ to 72; also removes the maximum age limit of 70-1/2 for traditional IRA contributions; stretch IRAs for non-spousal beneficiaries will be eliminated; beneficiaries would have a ten-year time limit to defer their distributions and income taxes based on inherited IRAs.
  • Employees: More annuities would be offered in 401(k) plans; part-time workers could also participate in 401(k) plans.
  • Employers: These extended provisions may be costly for employers and small business owners; employers could be required to match contributions for compliancy with state and federal laws.

The RMD age modification and the IRA age limit adjustment may help some but not all investors.

With the elimination of the stretch IRA, inheritors would pay higher on sizable retirement plans. The value in compounding IRA investments across beneficiary lifetimes will not be an option.

Impact of the Social Security 2100 Act Proposal

The Social Security 2100 Act was introduced this year by Representative Larson (D-Conn) to prevent the Social Security program from failing, since the funds are expected to run out by the year 2035. If this were to happen, retirees could draw only 80% of their contributions made over the years. The Social Security 2100 Act is designed to assist by increasing payroll taxes at both the employer and employee level, from 6.2% to 7.4%. Workers would have lowered wage increases and in turn lowered retirement contributions. The act, made to secure adequate Social Security benefits, would mean workers today would have less. Retirees still might not be able to claim the funds they deserve and hoped to save.

Impact of the Rehabilitation for Multi-Employer Pensions Act Proposal

America’s pension plans are today at a high risk of disappearing, impacting about 1.3 million people. Given this, the government passed the Rehabilitation of Multi-Employer Pensions Act that would allow any under-funded pension plans, borrowed money in order to continue to pay deserving retirees. While this sounds like a promising plan, some politicians believe that this method in the long run would hurt businesses, union workers and taxpayers.

Why Gold is a Promising Investment for Retirement Savings

Unfortunately, with the passing of these bills, American investors may be the ones that feel the pain. The truth about these proposed acts presents a strong case as to why gold is a promising investment for retirement savings. A precious metals investment is not subject to these precarious government solutions. As a business owner, member of the working class, or new retiree, your investment savings is one of the most important aspects of your future security. Your assets should not be a matter of compromise. You should be able to establish a retirement savings that will take you into your senior years and contribute to your beneficiaries in the way you expected it to. There is sound money in a gold or silver investment, whereby you avoid the penalties and misunderstandings of these government interventions.

Who Is Stockpiling Gold

According to Business Insider, countries with the largest gold reserves include the United States, Germany, Italy, France, Russia, China, Switzerland, Japan, Netherlands and India. China is the largest consumer of gold. In an article at ZeroHedge, it was noted, “China, Russia, and other countries are taking advantage of the Federal Reserve’s policy by buying gold on the cheap.” Before the prices rise even more, it’s time for Americans to get on board. The article also notes, “The world is edging toward increasing instability and possibly financial chaos. US investors are already divesting themselves of portions of their stock portfolio in preparation of potential losses.” Now is the time to get the truth. Schedule a consultation with Reagan Gold Group, and get your investment portfolio in order now. Find out how gold can supplement your portfolio.