Does Tradition Have You Settling for “Good Enough” in Your IRA? | Worldwide Precious Metals Exchange
Do traditional retirement investments accomplish your goals or constrain them?By J. Keith JohnsonBy J. Keith Johnson, Hard Assets Alliance ContributorAs tax season draws to a close, it’s a good time to reevaluate your retirement portfolio. Once we get into a routine regarding our finances, it’s easy for us to grow so comfortable with our approach that we miss developing opportunities.Let’s face it, the world’s changing ever more rapidly. What was mainstream just a few short years ago quickly has become tradition. There’s nothing wrong with tradition, unless it constrains us to the past without realizing the potential of the present… or the future.Breaking with TraditionWith today’s rapidly changing markets, when it comes to our retirement, we need to be constantly vigilant in assessing both our current positions and upcoming opportunities. Unfortunately for most of us, we’ve embraced a traditional perspective that limits our retirement diversification.What are the common retirement investments? Generally, beyond pensions and Socialist Security, we tend to constrain our considerations to stocks, bonds, mutual funds, CDs, and other such instruments. However, the IRA lends itself to a host of other opportunities that savvy investors would do well to seriously consider.
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