If you have ever heard of the saying ‘the time is now’ then you will understand the need to secure your financial future and to not wait a minute more. There may not be a tomorrow and if something were to happen, knowing that your family is taken care of and will be financially secure is a huge weight off your shoulders.

You shouldn’t have to bear the burden of not providing for your family, don’t do that to yourself, a quick plan and chat to industry professionals to help you set a retirement fund is easier than you think.

Taking the step.

The sun is shining, there is a silence in the air that allows you to think deeply without interruptions, and you have the day off from work, it couldn’t get better than that. Well, to be honest, it could. Because no matter how many times you push that niggling feeling to the back of your mind the fact of the matter is that action needs to be taken.

You need to gather all your research and documentation and set up, create, and begin using an IRA account to shed light on the possibility of a brighter future. For both you and the family.

So what needs to be done? Ideally, you need to have a basic understanding of what kind of account this is, and in simple terms (a more in-depth version can be read here https://www.investopedia.com/terms/i/ira.asp ) it is a type of bank account that allows you to save money but also receive tax advantages with. And we can all agree that any benefit when it comes to tax is a plus.

Opening an IRA account.

Firstly, you will need to decide how much involvement you want to play a part in, are you flexible enough that you will be hands-on to manage and regulate the account and transactions with the help of a broker, or is it easier to leave it to an automated robot?

Having that human interaction is better suited for some individuals while others prefer to keep their finances to themselves and work out the details independently. What you do need to keep in mind though is that the cost involved between the two is significantly different, naturally, with the former putting in personalized touches as per your requests.

Next, think about where you want to open the account? Have you been recommended someone or a company by family and friends or are you basing your decision on months of late-night research and notes?

You ideally want a broker who has no account fees or they’re considerably low, and that has a small commission percentage, also not to forget to enquire about commission-exchanged transactions fees. Take a moment to click here to be better-versed in what features to look for when hiring your broker.

Be sure that they offer informational and educational resources to help you familiarize yourself with the process at hand, and give you solid customer support which you will need if you are new to the game of investing.

Lastly, you fill in your application and details and begin funding your account – which is done in several ways that we take a look at.

Investments.

Your IRA is set up, you’ve transferred some personal funds to open it and keep it operating for the meantime but now you need to think of a way to put your money into assets that will work for you, make your money work for you.

Then once those assets begin accumulating funds you simply transfer them to your interest-friendly IRA account to enjoy when you reach retirement age and head off into the world to tick off all those places to visit on your bucket list.

If you are still feeling overwhelmed fear not you are not the first person in this position, but what you can be sure of is that many a successful CEO and business owner will suggest that putting your money into precious metals is your safest bet. Not only do they sustain their value, but you can add to your investment portfolio at any given time effortlessly and in most cases hassle-free.

Which metal and why.

This is a tricky question to answer directly as each metal offers its own pros and cons and it all comes down to your budget and preferences. Silver is easier to buy because it is essentially ‘cheaper’ and you get a bigger chunk in terms of size for your money, but gold as everyone knows is highly sought after and has a higher price tag. For the same money as if you were to invest in silver, your nugget will not be as substantial looking but certainly top quality in terms of value.

Speaking to your broker they will be able to offer valuable guidance and advice for your IRA and which options would be best suited for your financial situation. This way you can begin small, and as your work performance allows for a salary raise you can use that bonus to reinvest in your precious metal portfolio and build it as you see fit.

Taking hold of the reigns of your future is your responsibility and the sooner the better, there is no set time by which you need to invest by, but it would be to your advantage if you act now rather than later. It is easy enough to do, so what are you waiting for?