In this period of economic uncertainty, many investors are concerned about the deteriorating value of the paper-based assets in their retirement accounts. Most people do not know that they can now hold precious metals within their IRA, offering a unique hedge against stock market volatility and decline. Terry Sacka appeared on The Wealth Transfer Show on the Christian Television Network to answer some common questions people have on IRAs and 401ks.
PRLog - Aug 26, 2013 - JUPITER, Fla. -- With issues of economic uncertainty such as the fiscal cliff, debt ceiling, potential shortfall in Social Security and even the Eurocrisis affecting our economy one of the growing concerns of Baby Boomers is securing their retirment. The fact is that those who have not planned well simply cannot. The majority of all individual retirement accounts are funded by paper-backed assets that fluctuate wildly in value and in many instances can deteriorate at an alarming rate.
Terry Sacka is a regular speaker and financial expert who appeared on The Wealth Transfer show recently to discuss how to secure an IRA or 401k using precious metals. Mr. Sacka dicussed his viewpoint of a well-diversified retirement plan that includes precious metals, one of the few assets that demonstrated the ability to retain value even during economic downturn and decline.
Mr. Sacka made the following opening statement on the subject of how the global currency wars are affecting the savings in U.S. retirement accounts, "We want it to be there five, ten, fifteen, twenty years down the road. Problem is, if you don't understand the dynamic of money and how the paper money is going down in value versus everything else...you're going to find that what you're saving is going to lose tremendous value."
He gave the following real world example, "Just to give you an idea, in the last ten years, the dollar has lost forty percent of its value. Forty. Which means you're paying four dollars for gas, not one dollar. Where at the same time of course, silver has gone up seven-hundred percent. So you just have to know how to diversify yourself in your asset base and be spread out in a way that protects you. Especially for the IRAs and 401Ks."
More of this TV appearance can be seen in the video below from his YouTube Channel.
http://www.youtube.com/watch?v=BvR-uB1Stto
A spokesman working with Terry released a statement pointing out, "Most individuals saving for retirement most likely qualify for a precious metals IRA, but are unaware this choice even exists. Since 1986, the IRS has allowed individuals to hold precious metals with their IRA, offering a unique hedge against stock market volatility and decline. Common types of retirement plans that may qualify include Traditional and Roth IRA’s, SEP IRA’s, 401 (k)s and 403 (b)s."
On his website there is a page that can be accessed through the top navigation under "IRAs" which details three easy steps on how to add gold bullion, silver and other precious metals into a retirment account. For those who still have questions there is a toll free number provided in the upper-right corner of the site to speak with a live representative who can guide them through the process. There is also an information request form to request more information on retirement accounts and other types of precious metal accounts.
About Terry Sacka
Terry is a financial analyst and accredited asset management specialist (AAMS) at Cornerstone Asset Metals, a private bullion dealer located in Jupiter Florida. The company enables investors, both large and small, to use metals such as gold, silver, platinum and palladium as an effective hedge for their retirement accounts against inflation. The company mission is to put people back in charge of their wealth through tangible assets that have been used as a medium for exchange since the dawn of civilization.
For more information visit the company website at http://www.cornerstoneassetmetals.com
Cornerstone Asset Metals 601 Heritage Drive, Suite 104 Jupiter, FL 33458 (888) 747-3309
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Terry Sacka on the Wealth Transfer Show Discusses How to Protect Your IRA with Gold and Silver
August 26, 2013 at 18:42 PM EDT
