Adding Gold and Silver To Your Retirement Account

Investment experts agree that it is never too early, or too late, to plan for one’s retirement. Whether the method chosen is an IRA, 401(k) or similar investment means, it is just as important to carefully choose the asset that will back the investment vehicle. Many investors are choosing gold to serve this purpose via gold IRAs also known as precious metals IRAs.

What is a Gold IRA?

The concept itself is quite simple. A gold IRA simply replaces a traditional IRA backed by stocks or similar instruments. The United States government allows precious metals to be held in a retirement account. That means workers are allowed to balance the risks inherent in accounts backed only by stocks or bonds by acquiring gold, silver, or other precious metals.

Many really informative websites on the internet include various charts outlining what the value of a $33,000 investment in gold made in 2001 would be worth today. The answer is an astounding $175,155.64. While wise investments in other instruments may have yielded similar results, the point is that gold, when viewed as a long-term investment, has historically produced significant yields for investors seeking to balance their portfolios and, at the same time, possess an asset that offers other potential benefits should the value of other instruments suffer during a catastrophic event.

gold for retirement

According to the U.S. Internal Revenue Service site, holding a variety of gold coins as well as gold bullion, many currently available silver coins and silver bullion, some platinum coins and bullion, as well as palladium bullion, are all considered acceptable for retirement accounts. While gold and silver are the most common assets held, some investors may see an advantage in holding the other allowed metals as well. Again, the point is to balance the risks to reduce the odds of losses.

To get started, transfers or rollovers can both be used to initiate a gold IRA. Many gold ira companies work with clients to make the process easy and seamless, but there are a couple of issues investors need to remember.

There are specific rules that must be followed with any type of IRA, and failing to adhere to the rules can result in significant penalties, so make sure the regulations will not prove to be detrimental to your overall retirement goals. Financial advisors can go over the regulations to ensure a plan fully meets all the required terms.

What is a Gold IRA Rollover?

A gold IRA rollover occurs when one retirement account is closed and the proceeds are distributed to you with the intent they be deposited in another custodial account. The website has a pretty good basic description of the process. The major caveat is that the proceeds from the original account must be deposited in the new account within 60 days to avoid significant tax penalties.

What Types of Retirement Plans Can Rollover to Gold or Silver?

The regulations currently allow both IRAs and 401(k) accounts to rollover to gold and silver. While there are distinct advantages to holding precious metals as part of a retirement strategy, be sure to discuss the specific long-term strategies with an investment expert before deciding which retirement accounts to rollover to gold or silver. In addition, SEP IRAs, TSPs (Thrift Savings Plans), Public Employee 457(B) and 403(B) plans as well as tax-sheltered annuities can all be rolled over to gold and silver IRAs.


Surgical Tech: A Brief Aperçu Of A Promising Career

Surgical Technologists assist surgeons, anesthesiologists and nurse and throughout surgeries. As a part of the operating team, Surgical Technologists help prepare surgical spaces and set up surgical equipment.

The Surgical Tech is very important to a smooth flow of the surgical room. They are responsible for preparing the surgery room before surgery, helping the physicians throughout the surgical procedure itself, caring for the patient right after the operation, then preparing and restocking the operating room for the next surgical treatment.

rad tech

Along with the organization of the supplies and tools they need to make sure that the table and tools are all sterile and in place for the surgery. The surgical tech also helps the surgeon gowned and glove up before the operation. After the operation is done there needs to be a count on all supplies and tools.

We have all seen the horror stories of supplies left behind in people after they have a surgery. This is where the surgical tech has to count the instruments before and after the surgery. After each time the surgical tech counts the instruments another person in the room counts also. This ensures that all the instruments are accounted for.

Factors influencing Surgical Technician Salary

As far as income is concerned, the amount for wages a surgical technician can make is quite good and much better than many allied health care careers. In general, the average surgical tech salary is between $30,000.00 and $45000 annually. Nonetheless, it is also vital to understand that the earnings for scrubs also differ based on the office and the location. If we study the current observation made by Bureau of Labor Statistics, UNITED STATE Division of Labor the typical yearly salary for surgical technologists as of May 2008 was $40,070.00, with the top ten percent of earners making an average of more than $54,000. The typical incomes of surgery techs by area are:

  • General Medical and Surgical Healthcare facilities – $39,700.00.
  • Outpatient Care Centers- $40,500.
  • Specialized Hospitals (not Psychiatric and Drug abuse)- $42,400.00.
  • Offices of Physicians- $40,320.

You can find out more at the following site:

The Work Environment of the Surgical Tech

Normally, the surgical techs working in highly established and urbanized localities make more. Their income likewise depends on the state. According to the United States Division of Labor, Nevada, Hawaii, Alaska, District of Columbia and California are the leading top five states where surgical techs make the most money.
Surgical Technologists work is anticipated to increase twenty three percent by 2018, a lot faster than a in lot of healthcare occupations, according to the UNITED STATE Department of Labor. The highest demand will be seen in hospitals, physicians’ offices and outpatient care facilities.

Education Requirements

The majority of Surgical Technologists hold a two-year degree or certificate from a community college, a university, medical career college or technical college. A twelve or twenty-four-month program will give you the training and job abilities required to acquire an entry-level position, and additional on-the-job experience can open new chances to advancement and earning an even greater salary.


Surgical Technician

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