Let's start with the 401K retirement plan. It is the most recommended form of retirement savings available. The plan is typically bolstered by the employer, who basically matches your savings dollars up to a certain percentage.
This varies from employer to employer. You would need to check with your employer for details on just how much money they are willing to contribute alongside your contributions.
The 401K retirement accounts offer a selection of stock and bond funds supposedly geared toward getting you the best return on your money.
You contribute pre-tax money from your paycheck, your employer matches the contribution, the money goes into the stock market or bond fund and you earn a return on your investment.
When you retire, you can remove the money from the account and live happily ever after. Simply amazing... or is it?
These 401K accounts host a deep dark secret. The secret is the numerous hidden fees. These fees are deducted from your account without your knowledge. They don't appear on your quarterly statement, and they can be substantial in relation of your account balance.
As a matter of fact, these extraordinarily high fees actually amount to thievery. So why invest in a 401K plan at all? Do it because of the employer match.
The amount of money your employer matches to yours literally equals a 100% return on investment for you. This should not be discarded based on the hidden fees you'll never see. But this is also where silver bullion comes into the picture.
Representatives from your 401K financial institution will visit you at your workplace from time to time. Number one on their agenda is top get you to contribute more to your account.
This is nothing more than a sales pitch since they earn more when you contribute more. Simply ignore the nonsense and contribute only enough to cover the maximum employer match. This may not be enough for a comfortable retirement and you may need to diversify.
Hence the silver 401K retirement plan is born. It is simple, honest, and genuine. Any additional funds set aside for retirement savings can be turned into silver bullion at any local coin shop.
You just walk in with the cash you would like to put into your retirement account, and walk out with the silver bullion in your pocket.
The combination of your traditional 401K account and your silver bullion investment provides you with a financial diversity. Diversity is critical since the future of finance is always uncertain.
Possession of the physical silver bullion is another investment vehicle for your financial future. It becomes another leg on your retirement stool. And that's where you get the phrase silver 401K retirement plan.
Where and how to purchase your bullion is critical. Read more about how to buy silver online.
See Also: Buying Silver Online | Silver Investing FAQ | Silver Investing 101 | Silver Showcase | Retiring with Silver | Silver in a 401K Retirement Plan | Coins, Rounds, or Bars | Get Rich with Silver | One Oz Silver Rounds | Where to Buy Silver Safely | Physical Silver VS Paper Investments