I Want To Retire... Any Chance Of It Happening Soon?
>> 11/06/2009
We received our latest 401(k) statement last week and I almost did a dance. The amount actually went up this quarter! I had to laugh when I told hubby though, because it still isn't up to where it was less than two years ago. (It's either laugh or cry!)
I believe in the importance of saving for retirement. I sure don't want to work forever. But what is the perfect way to do that? I'm not sure I'm the one to ask. I know one of my clients buys and sells stocks constantly. He's the type to read all the reports and really knows what he's doing. I also know that gold is near an all time high and gold is something that seems to hardly ever lose value. Even in ancient history there was great value put upon gold coins. (The first real gold coins were made in the 6th century BC in Lydia.) So, it's easy to see why it might be a good investment.
In fact, (and this makes me ill thinking about it) if you had purchased $25,000 of gold bullion coins in the early 70’s and held on to it you could sell that gold today for almost $525K!
Are you wondering what in the world a bullion coin is? According to Wikipedia it's "a coin struck from precious metal and kept as a store of value or an investment, rather than used in day-to-day commerce." They come in different weights and as an added bonus are usually of limited quantity and are quite nice looking, such as the #1 gold coin choice which is the Gold American Eagle which captures a bald eagle swooping into a nest holding its family - this scene is meant to symbolize many classic American concepts.
I guess I really just need a Retirement Investing For Dummies book! A step-by-step guide to getting out of the daily grind as soon as possible! Anyone want to write it for me?
I believe in the importance of saving for retirement. I sure don't want to work forever. But what is the perfect way to do that? I'm not sure I'm the one to ask. I know one of my clients buys and sells stocks constantly. He's the type to read all the reports and really knows what he's doing. I also know that gold is near an all time high and gold is something that seems to hardly ever lose value. Even in ancient history there was great value put upon gold coins. (The first real gold coins were made in the 6th century BC in Lydia.) So, it's easy to see why it might be a good investment.
In fact, (and this makes me ill thinking about it) if you had purchased $25,000 of gold bullion coins in the early 70’s and held on to it you could sell that gold today for almost $525K!
Are you wondering what in the world a bullion coin is? According to Wikipedia it's "a coin struck from precious metal and kept as a store of value or an investment, rather than used in day-to-day commerce." They come in different weights and as an added bonus are usually of limited quantity and are quite nice looking, such as the #1 gold coin choice which is the Gold American Eagle which captures a bald eagle swooping into a nest holding its family - this scene is meant to symbolize many classic American concepts.
I guess I really just need a Retirement Investing For Dummies book! A step-by-step guide to getting out of the daily grind as soon as possible! Anyone want to write it for me?












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