Those scenes that you see in the movies where gentlemen drive off into the sunset with their wife beside him, her scarf flicking in the wind behind her as they head off on a new chapter of their lives together, this could be your story too.
The long hours and endless weeks, months, and years of working hard have finally come to an end, the hard work has paid off and you have a comfortable and safe nest egg to indulge in as you see fit over the next few years.
There are so many options to choose from once you have retired with all the time in the world, sightseeing Asia, buying a sports car you have always had your eye on, or treating the wife to a fine piece of jewelry, the world is essentially your oyster.
The big question is though, on reading this article, does this sound like the lifestyle you have set up for yourself and the family, or are you worried about what the next decade might bring and how will you manage financially?
If so, then fear not, it is never too late to begin saving, while it may not be as big or as comfortable as you would have liked or what it could have been had you begun earlier, something is certainly better than nothing, right. There are ways to manage what you do have, see here https://www.forbes.com/sites/davidrae/2019/09/17/money-last-in-retirement/, but if you are new to putting money aside for the future then let’s get started.
The world of savings.
You will have thought about the process at some point in your life but done nothing about it, now as your final years in the office approach, the thought can be daunting.
Thinking how to begin is easier than you will imagine and a few tips to get the ball rolling can set you off in the right direction and make the adventure of knowing you will have some form of safety net in the future, take some weight and pressure off.
So how do you choose which option will suit your budget, your lifestyle, or which Investment Company is the most reputable? Take a moment to think about what you are looking for, and what qualities you believe to be the most reliable.
Top 3 features to consider in a quality investment firm.
- Without the head, the body would run off course and this is similar when talking about the leadership of a company, be sure that the person in charge has done so successfully for many years showing could management and business decisions.
- Some companies continually offer that little bit extra keeping it one step ahead of its competitors, does the company you’re considering have that added plus side? Are their prices competitive, do they have a warranty or perhaps a secure express delivery service? These aspects all add to the appeal factor of a firm.
See this link for advice and handy tips to elevate your company and to read more about what gives some firms an added benefit factor.
- In the unlikely event, you had to sell your investment stocks or assets would the company buy them back and do these practices have a comfortable profit margin, the last thing we want to be doing is selling a valuable asset unless completely necessary, at least you should make some money out of the sale.
We understand that growing old is inevitable but being financially strained doesn’t have to be part of that equation. Investing in the stock market may be one consideration but precious metals such as silver or gold, which have a more reliable return, is more advisable.
Seeing gold or silver nuggets in the safe gives people a sense of worth but also a safety blanket that is easily accessible at any time and even better in case of an emergency. The last thing you want is to struggle to access funds tied up in bonds or a property that could take months to be paid out.
Gold has always been highly sought after dating back to Egyptian and Asian empires and symbolized a status in society, but not everyone can afford it so easily, silver, on the other hand, gives you essentially more bang for your buck. Meaning that a silver bar weighing more and significantly larger is preferable for people compared with the same value in gold but perhaps only a small nugget in size. Silver is also more affordable.
Ways to Invest in silver.
Secure your future with a retirement package based on silver metal, what we like to call a silver retirement, and it doesn’t have to only be in the form of coins or silver bars although these are preferred, there are other varieties.
Consider an ETF such as a paper derivative of silver, or buying shares in a silver mining company which although comes with a higher risk investment portfolio, is balanced out by a significant profit and payout.
No matter your decision and final investment choice the main objective is to put your money into an asset that offers security and ideally lets you make some money if sold on. We are always looking for solutions to financial strains, debts, or simply to save, and investing for retirement needs to be a top priority in your life. We have one opportunity to live life to the fullest, make it worth it.