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What’s the Deal with Lear Capital?



Gold: it’s almost impossible not to let it catch our eyes. It’s a beautiful metal used in coins and jewelry, as just two examples. Why should we keep it in mind for something like our retirement, though? Allow me to explain.

If you know anything about life after we have stopped working, you probably realize that having money to fall back on in case of an emergency or other life event is incredibly helpful. It’s almost necessary, really. How can we make sure that we have that?

There are a few directions you could take. Maybe you opt for working for an employer that provides a pension plan. You can learn further about those here, https://www.thebalance.com/what-is-a-pension-and-how-do-you-get-one-2388766, if you would like.

Unfortunately, these are not nearly as common as they used to be. Not to mention, not many people work for the same company for thirty-plus years anymore. So, it’s best not to rely entirely on finding a pension plan. Instead, you could look to public programs like social security.

If you don’t like the idea of that, there are personal options you can go with. In this article, I’ll discuss IRA (individual retirement arrangement) accounts and what you can do with them.

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Digging Deep: What are IRAs?

While you might think of savings as the jar on your dresser or the piggy bank in your child’s room, it’s usually a lot more sophisticated and complex than that. There are a few types of IRA accounts. First, there is the tax-deferred option of a traditional one.

The income that you contribute is not taxed until you distribute it.Then, there are Roth ones. These are tax-free upon withdrawal. What you contribute is taxed instead. I would say it’s best to consult with a professional when making the decision between the two.

It requires some careful consideration. Now, as far as opening one goes, you could go in a few different directions. There are automated investors now. These are digital programs that can offer aid and automate the process for you.

It’s best for someone who prefers to be very hands-off. You could also go with a financial advisor to take the place of the program. This gives a more personal touch to your finances while still letting you step back. Usually, it will be a specific contact to guide you through the process.

Finally, you could go with a self-directed account. For these, you will still need a custodian or some sort of broker. For an idea of what this could look like, you could look at Lear Capital  and read over what others say.

The Self-Directed Course

If you prefer not to be heavily involved in your assets, you might be wondering why this is something you should consider. The primary reason is so you can go with alternative types of assets for your retirement. What do I mean by this?

Well, the IRS has rules about what can go into an IRA account. A lot of these restrictions are no longer applicable if you go with the self-directed path. Just keep in mind that there are still guidelines to follow – always talk to your custodian before contributing to the fund.

Cryptocurrency is one thing you could add. There are plenty of these digital coins that exist out there, but the one that shows the most promise and retains value over time the best is Bitcoin. However, this is still a risky choice given the uncertainty surrounding their staying power.

There is also real estate or private lending, both of which cannot go into the traditional ones. These are not all that common but are still out there. Feel free to research them further.

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What I’ll focus on today, though, are commodities. You could go with livestock or agriculture for this – that being cattle, hogs, or chickens for the former and something like cotton or cacao for the latter.

Another option is precious metals. You can learn some more about these investments here: https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/invest-gold-retirement/. Overall, they probably have some of the least risks in terms of commodities.

This is because, throughout time, they have displayed an ability to retain high value. Even during economic downturns, precious metals such as palladium, platinum, gold, and silver tend to still have value. This is why some people hold them as a hedge against inflation.

It can be used to fashion jewelry or coins, too. Some, such as platinum or palladium, are even used in our cars. While collectibles can’t be added to an IRA, the bullion certainly can be. Some coins are also accepted.

You could also investigate purchasing stocks for companies in these industries. Investigate your options and see what suits your portfolio best. Diversifying in preparation for retirement is never a bad thing!

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