Posts On Financial Guidance

October 14, 2023 |

What Is Digital Currency?

The internet makes the world feel smaller.  From the comfort of the couch, people and businesses across the globe can now connect and transact.  With that, a digital economic ecosystem—fueled by digital currency—has blossomed. As we adapt and rely less on cash, many ask, “What is digital currency?” and wonder how digital currency works.  Understanding Digital Currency and Its Importance  Digital currency—also known as digital dollars—is currency available only electronically.  You access your digital currency exclusively with a computer or mobile device, and none of... Continue Reading

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October 14, 2023 |

Will Digital Currency Replace Paper Money?

Cash is king. But its reign may be coming to an end.  The internet changed the world. And now digital currency is changing how we function in that world.  Pretty soon, running errands will be a thing of the past. Standing in line at a bank? No way! Paying bills in person? Why?  And that trip to the mall? Not when you can go online, virtually see how items fit, press a button, and have them show up at your door.  To many, the question... Continue Reading

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October 13, 2023 |

Cryptocurrency vs. Digital Currency: What’s the Difference?

Cryptocurrency and digital currency. Their names sound similar.  They’re both money that exists in cyberspace.  It’s logical to think there must not be any difference when comparing digital currency vs cryptocurrency. But that’s far from the truth. While digital currency and cryptocurrency share some traits, they are vastly different and serve different purposes. We’ll look at the properties of both and explore how we use cryptocurrency vs. digital currency in real-world applications.  The difference between cryptocurrency and digital currency may be greater than you think. ... Continue Reading

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October 13, 2023 |

What Is a Central Bank Digital Currency (CBDC)?

Central bank digital currency (CBDC) is a digital-based version of money, backed and distributed by a nation’s central bank.  Central banks around the world, including in the U.S., are looking at the future of money and monetary transactions with CBDC in mind. Many countries are exploring banking alternatives such as central bank digital currency with the aim of: – Expanding access to funds – Providing safety and security – Allowing cost-effective cross-border transactions Several small countries—mostly in the Caribbean— have already implemented CBDC. Large nations... Continue Reading

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August 27, 2023 |

How to Find the Best Precious Metals IRA for You

the big picture

Once you’ve decided a precious metals IRA is right for you, the next step is to decide which precious metals make the most sense in your account.  This educational guide will help you: Assess your goals and risk  Evaluate eligible precious metals options Find a custodian A little understanding can go a long way. We are happy to help you on your journey toward achieving your goals.    Assessing Your Investment Goals and Risk Tolerance  The first step toward successful investing is to understand your... Continue Reading

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August 25, 2023 |

What Is a Self-Directed Precious Metals IRA?

Gold umbrella

A self-directed precious metals IRA is an individual retirement account that allows for ownership of physical assets—including gold, silver, platinum, and palladium.  Commonly referred to as a Gold IRA or Silver IRA, the precious metals IRA is a favorite among investors seeking an alternative to paper-based investment vehicles.    Understanding Self-Directed Precious Metals IRAs  The self-directed precious metals IRA is a lot like the IRA you may already own.  A self-directed plan differs from a typical plan in that it allows for ownership of physical... Continue Reading

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August 23, 2023 |

Gold IRA Tax Rules: How is Gold Taxed in an IRA

investment in gold

First things first: Gold IRA tax rules and regulations are identical to those that govern the traditional IRA you may already own or are familiar with.   Understanding the Gold IRA tax rules for 2024 and beyond is essential for investors. Otherwise, you might incur costly penalties and expensive tax consequences.  Gold IRAs are taxable, and the type of IRA you choose determines how and when the IRS taxes your account. The three different types of Gold IRAs are:  Traditional IRA  Roth IRA  Simplified employee pension... Continue Reading

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July 18, 2023 |

How to Invest in Precious Metals

The world seems topsy-turvy these days. We understand the world can feel filled with bad news lately and peace of mind can feel elusive to many people. That’s why more and more investors are going back to basics and turning to precious metals as the foundation and anchor of their portfolios.  Having been used as currency and recognized as valuable for thousands of years, some modern investors are clearly seeing what others before them saw—that precious metals can be a great way to store value... Continue Reading

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