In today's economy there are a lot of traditional retirement options that are quite unreliable. In this Checkbook IRA review you will discover that there are 2 main factors that are currently effecting everyone's money:
1. A volatile investment market, which means that the money that you have placed in your IRA probably won't grow and may even get partially, if not completely, lost.
2. Economic inflation, which means that our currency isn't worth what it was in the past and its value is continuing to drop.
While these things used to positively impact traditional retirement plans, they're not having a very negative affect upon them instead. For this reason, anyone who's now nearing retirement age needs to consider some alternative options.
One way in which you can combat the way in which the economy is impacting your IRA is by converting it into a CheckBook IRA. Essentially, this means that you're giving yourself “checkbook control” over your retirement IRA so that you can decide how to invest the money instead of leaving it at the mercy of an unstable market. There's actually one investment company that strongly believes in this concept — so much so that they've actually named their business after this term.
There are many forms that a CheckBook IRA can take including investing in real estate and gold. The key here is that you're now in control of your investment options, which thus makes them safer.
One of the more lucrative options in this type of an alternative retirement plan is investing in gold. Sometimes this is referred to as creating a Gold IRA. This is one of the safest things you can do and there are several important reasons for this:
1. Gold is one of the Earth's most precious metals.
2. It's universally accepted by almost every nation's economies.
3. It is both recession and inflation proof, which means that its value won't depreciate just because an economy fails.
For these reasons, it's safe to place a large part of your investments in gold. In fact, a lot more people are starting to do this today in order to be able to protect their assets. Numerous companies throughout the world claim to be able to help you set up a Gold IRA. As an investor, you need to take the time to do your homework and read through a CheckBook IRA Review very carefully to make sure that you are actually working with a high quality company whom you can actually trust.