Gold IRA Rules Every Investor Should Know

Investing in gold and other precious metals is becoming more and more popular these days. Thanks to the changes done to the gold IRA rollover rules in 1997, people can now include precious metals in their IRAs. The fluctuations of the values of most currencies make it very obvious why people are putting parts of the money into gold. Through the years, only gold and precious metals were able to withstand economic downfalls, which mean those who have more gold have more secured futures.

Understanding IRAs

IRAs or Individual Retirement Accounts are among the useful schemes that most people use to save money. Workers may opt to put a certain amount of their monthly salaries to their accounts. These accounts cannot be accessed until employees turn 59 and a half, which is a good way to ensure that they have accumulated a large sum of money by the time they stop working.

IRAs are not limited to monthly salary contributions. They can also include bonds, mutual funds, real estate, stocks and money market accounts. Before, precious metals cannot be included in IRAs, but amendments in 1997 made it possible for people add gold and related investments into their IRAs.

Gold IRA Rules

Although precious metals like gold can now be included in your IRA, you have to keep in mind that there are still rules to follow. Knowing what these guidelines are will help you save time and effort, especially if you’re planning to invest soon. These are not all the rules, but these basics will answer most of your questions regarding IRAs.

Communicate with Your Custodian

There are various types of IRAs, thus, you have to know if your plan allows you to include precious metals in your account or if you need to open a dedicated account for them. There are banks, financial institutions and insurance companies that can handle gold IRAs, but not all of them can. If you are unsure about the rules of your account, contact your custodian right away to know what your options are. You don’t literally need to purchase gold and hand it over to your custodian. You just have to plan carefully with him or her and give all the necessary instructions so he or she can invest a part of your savings into the precious metals that you like.

Only Use an IRS-Approved Depository

Your precious metals should be stored in an IRS-approved depository and not just beneath your bed or your attic. Most companies charge fees annually, but you don’t really have to think about that because these fees are used to keep your investments safe. They will be kept there until such time that you decide to trade them or sell them.

Cash Funding

Your IRA must be funded with cash. Your yearly contribution may be up to $5000, which can increase to $6000 as you turn 50 years old. Should you opt to transfer your funds to another plan, you need to discuss the details with your custodian to know if the said account is qualified. Take note that transfer procedures can be difficult, which is why you really need to plan things carefully with your custodian to avoid mistakes and hassles.

Exceptions

In some cases, people are allowed to use their IRAs even if they have not yet reached 59 and a half. Some examples are: IRA holder is disabled, IRA beneficiary starts getting money from the account before the holder dies, IRA owner is unemployed and cannot pay for the insurance fees, an immediate family member of the IRA holder needs money to pay for qualified education, IRA holder gets hospitalized and doesn’t have any other source of funds and other scenarios that IRA companies may find qualified.

 

3 Of The Best Exercises To Get Rid Of Love Handles

love handlesYou might have already heard about the terms: love handles, spare tire and muffin top. It all boils down to the excess subcutaneous fat that develops over the lower abdominal area. The problem of getting rid of this unpleasant roll of skin has aggravated a lot of individuals. Countless diet plans as well as exercises to get rid of love handles have been developed with claims of delivering desired results; however, only a few are actually helpful.

The issue is a lot of people even now stick to old-school techniques. They believe performing hundreds of conventional sit-ups as well as crunches could help them to do away with stubborn abdominal fat. However, your body doesn’t work in that manner. You can’t observe decrease in abdominal fat with these traditional workouts; you need specific exercises to do away with love handles.

The key lies in all round caloric expulsion. You want to burn off as many calories as you possibly can. This is certainly achieved with high intensity cardio workout.

Intensity is actually the key. The objective is working outside the zone of comfort. Once you rev up the high heart rate, you transform your body into a calorie heating machine even after the workout. Listed below are three easy cardiovascular exercises to get rid of love handles.

1. Burpees

Burpees have been in existence since a long time and for a good reason and a re a great tool for anyone wondering how to get rid of love handles. If done correctly, it is an amazing body weight exercise that gives an excellent resistance as well as cardiovascular workout. The workout incorporates a squat, a vertical leap and push-up. Start out standing up straight. Squat right down to the ground and put your hands on the floor. Kick both of your legs back while you lower the chest to the ground (similar to a push-up). Now press off with the hands so that you can bring both the feet back in. Now pump up vertically and jump as high as you could with hands in the air. Perform this workout constantly. Even ten repetitions can get your heart pumping.

2. Mountain Climbers

A lot of people don’t know about mountain climbers. This extraordinary cardio workout can be carried out in a single spot and could help to tone your upper body while revving up the heart rate. Get into the push-up position with hands extended completely. Place your hands underneath the shoulders. Now, bring one of your knees up to the chest and then bring it back. Bring the other knee in; you should alternate bringing the knees up at a speedy pace. Attempt to do this for one minute and examine your heart rate increase.

3. Jump rope

There is certainly not much to speak about this workout except that it really works. Get a reliable skipping rope and start off getting your rhythm down because, for the workout to give great results, you should go at a rapid pace. Skipping truly makes the heart pumping and allows you to build terrific all round coordination. In case you wish to include some resistance, have a weighted skipping rope and get prepared for your hands to burn your belly fat.

 

Question 2: Supplment day job income from home?

With the economy in the bad state that it is, many people are coming to the realization that their day jobs aren’t quite enough to sustain them through all their payments and daily expenditures. When the paychecks come in, they are more often than not already allocated to different portions of their budgets. There are phone bills, electricity bills, cable television, water and more. And for families, there are usually extracurricular activities that the kids partake in that can also cost quite a bit of money in the long run.

Which leads to our question we are going to answer today

All this combines to make it that our latest question asking user has been wondering if there is not a way in which he could make a bit of extra income from home in his spare time. Of course, this is a question on many people’s minds and there is a lot of information on the internet dedicated to figuring out how to do this in the most effective manner possible.

The short answer is that yes, it is possible to make some extra money from home. However, it does require some initial startup time that just has to be dedicated to the completion of this goal. Whatever method is chosen to make some money from home, is it absolutely essential that it be taken seriously if success is to be had. So without further ado, here is a list of popular ways people make some extra money in their spare time.

Online affiliate marketing

Many people like using the internet as a way to make money because it traditionally requires very little in the way of startup costs. And one of the more popular ways of making some money with the internet is by doing what is called affiliate marketing. Affiliate marketing is a form of marketing where the affiliates earn a commission when they successfully refer a sale for a vendor. There are many ways to learn how to do this and one of the more popular courses that teach this is without a doubt Google Sniper.

What people generally do is build a website and build it up to get as many visitors as possible to it. Then, once they have that, they place advertizements at different places across their sites that are related to the topic of the website. If a website visitor clicks on one of those ads and makes a purchase, a commission is sent to the website owner who referred the sale. People love it because it is simple and there is no need to create a product and build an audience for it.

At home business opportunities

These have been around for a while and are probably not going anywhere anytime soon. There are programs where people can apply and sell stuff to people and earn a commission. We’ve all met somebody who sells Tupperware containers or who gives us Amway catalogs. And often times, many of these programs actually have some good products to sell.

There are a few pitfalls that many people fall victim to. Most people are just going to try and sell this stuff to their friends and families and if this isn’t done right, it can really piss of some people who are close to you. Selling is an art form just as much as it is difficult, so tread carefully. Also, while there are many legitimate business opportunities available, there are many that are just not worth it and are more closely resembling scams. Be careful and avoid anything that even remotely resembles a pyramid scheme.

There are loads of other opportunities

You just need to look. The internet is chock full of information on business opportunities that you can really earn some good money with. It is just important to be cautious and remember that if it sounds too good to be true, it IS too good to be true. So be careful and go out and earn some money with that spare time of yours.

 

New blog! Also, first question answered: Saving money from oblivion?

Welcome to my new blog. As you’ve probably noticed, it’s called oxtersolutions.com and just as the name implies, we are going to be offering solutions to inquiries that come into us via our sister site’s (who shall not be named) mailing list. That way, we hopefully can help out a few people who are looking for information on particular topics. So without further ado, let’s get going.

Our first question

Our first question comes from a person who is concerned with the current and future state of the economy. This person has asked us: “I’m currently approaching the midpoint of my career and I’m growing more and more concerned about my retirement and whether or not the money I have and am saving will maintain its value throughout my twilight years. Given that the state of the US economy is unpredictable at best, I want to know what is the safest way to invest my retirement funds so that they don’t lose their value over time”.

That’s a great question and one that should be concerning a whole lot of people, not just people approaching retirement. Young people who are just at the beginning of their careers should also be looking into this RIGHT FREAKING NOW because the US dollar offers no guarantee. We’ll also look into why setting up a gold IRA is the best option right now and how companies like Regal Assets can help people do that quick and easy.

Why is the US dollar unpredictable and unreliable?

Let’s start with the obvious question. Why is it that the US dollar is always going up and down? Here’s a little history lesson. Up until the early nineteen-seventies, the US dollar was backed by gold. What that means is that each and every US paper bill represented a set amount of gold that was held by the US treasury. So, holding paper money was the equivalent of holding gold in your hands. And, because there was only a set amount of gold in the reserve, there was only a set amount of dollar bills that the United States government could print. And if at any time a citizen holding paper money in their hands wanted to trade that in for gold, they could do it without any fees or anything. This was done to make trading and buying stuff easier since paper money is obviously a lot more convenient to carry around than coins and bars of gold. That stuff get heavy,

USD vs gold

A look at how the US dollar has fared compared to gold.

However, in the early nineteen-seventies, the US government made the announcement that paper currency would no longer represent a set amount of gold and that it could no longer be simply traded in for gold. At this point, the US economy became what is known as a fiat currency, i.e. not backed by anything but make belief. This is what many people believe is the greatest heist in the history of humanity. People essentially trusted their government with their gold and overnight the government decided to keep it all for themselves, basically saying “trust us”.

The printing press gone wild

Now since the dollar was no longer attached to gold, this left the US government free to print as much money as they wanted. However, the catch is that each and every dollar printed diminished the overall value of each dollar. That is why a loaf of bread used to cost a nickel and how today it costs 3 to 4 dollars.

What’s the solution? Going old school

The solution to getting out of the whims of the US dollar is to “go back in time” and buy gold. Of course, this entails buying it on your own dime and terms but given that gold doesn’t fluctuate and has only risen over the last 50 years or so, it makes it the best investment you can make with your money. You can easily see for yourself, as the US dollar has dropped consistently, the price of gold has risen just as predictably. Of course there are minor up and down fluctuations day to day but the overall trend is one of growth, always has been.

Find a good gold IRA company

Most Americans have their retirement money placed in a retirement account, either an IRA or 401(k). However, what most don’t know is that that money can be placed into precious metals such as gold via a gold IRA account. There are many companies out there that specialize in helping people setup their own precious metals IRA and all you have to do is look around.

So to our reader who first sent in this question, there is your answer: gold. It will never lose its value because it cannot be created. Sure, there is a cost involved since it is a purchase, but there are great tax benefits and once again, it carries little to no risk.