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What to do With a 401K

Anyone planning to retire, may not have any clue of the financial situation they are about to get themselves into. Many people think that their savings are enough to get them through their retirement, but that is a myth that often gets busted once you begin life after retirement.

What to do Before Going into Retirement

Before you actually retire, there are some considerations and calculations that you need to make to ensure that your financial situation remains stable and you get the support you need to live out your retired life comfortably and peacefully. First off, you should calculate an estimated amount of money you would need per month and the general rule of thumb is 70 to 80% of your regular monthly income. Next, you need to make a game plan about how you will go about to ensure that you will get that amount monthly.

You may have a 401K that is already in place, but investing your 401K in something that will be fruitful and will provide you with the income you need is something that requires careful consideration and research.

The Best Use for your 401K

Gold has started gaining a lot of attention as one of the most sustainable and stable investments currently available. It is a precious metal whose value is constantly increasing and with this upward trend, there is no question about it being the best investment choice for your 401K.

Before you go around investing your 401K in gold, you should read up the rules and terms of your 401K and see if you are permitted to invest in gold and what the conditions of such an investment are. You have many different options for investing gold that does not involve simply buying and selling of gold. You can choose any of the options you feel is best suited for your needs and the options include:

Gold Mining Stocks

This would allow you to invest in shares in gold mining companies and depending on the market, your investment can prove to be quite fruitful as the shares would move in accordance to the price of gold.

Gold ETFs

Gold exchange traded-funds allow for the trading of gold, gold futures, options and shares and it provides a more stable investment for your 401K. You can even sell your ETF whenever the market opens.


Fidelity Select Gold Fund is a low-cost investment that is perfect for anyone looking to test the gold investment waters before completely jumping in. It can provide you with the chance to get a hang of gold investment and eventually grab bigger opportunities.

Final Thoughts

Your 401K is the one financial source that you may have to use to get a stable source of income during your retirement and making a wise decision about it is essential for you to do before you embrace life post retirement. Thus, be certain that the decision you make is an informed and beneficial one.

Why Invest in Gold?

Unlike currency or other forms of investments, gold has maintained its value throughout the years. Gold can be seen as a way of passing on and preserving your wealth from generation to generation, and since ancient times, people have appreciated and valued its unique properties. Gold does not corrode and can be melted quickly under an ordinary flame, making it easy to transform. Gold is an integral part of a diversified portfolio since the price and value of gold is inversely related to the value of paper investments such as bonds or stocks.

Hedge against inflation

One of the best ways to hedge against inflation is to invest in gold as a precious metal. The price of gold has historically risen when the cost of living has increased. Over the past fifty years, most investors have noticed that gold prices have risen when the stock market has plunged during times of high inflation. Gold is also seen as a store of value, which is why it is encouraged as a form of investment, especially when the local currency is losing its value.

What Does Research Say About Investing in Gold?

Investors choose to invest in gold for a number of different reasons. It helps stay safe during an economic collapse, diversify an investment portfolio, and to enjoy greater profits. Even a little increase in gold value renders a lot of profit.

But what does research have to say about making a gold investment? Out of all the different reasons, research regards gold as the best hedge against currency decline resulting in a stock market crash. Thus, here comes the most valid reason to invest in gold.

Myths You Need to Know Before Investing in Gold and Silver

When it comes to investing in precious metals, gold and silver are the two topmost options. For centuries, gold and silver have been two solid investments that catch the interest of investors. There is no doubt in the fact that both gold and silver reap higher profits. But before you decide to invest in gold and silver, make sure you know about some myths we often hear.

Myths about gold