The news today is filled with stories of banks being bailed out or closed or eaten up by competitors. It’s a horrible situation we find ourselves in, full of uncertainly, panic, and fear.
In most cases, the lender will stop the garnishment. They don’t want the bad publicity. I know someone who threatened a large national National Wealth Center Signup Process with protests.
As with anything else, there are some rules and laws that apply to Roth IRA investments. If you don’t follow them your account National Wealth Center can lose its tax deferred status.
So, what’s my point? Well, if you are fortunate enough to fall into these categories, why do you not consider yourself of considerable wealth? Why do you not see yourself as having the opportunity to be even more prosperous? Should so many of us define wealth by outward appearance, showy cars, perhaps a boat or private schooling for the kids?
Switzerland has been a safe haven for Gold fleeing chaos, economic collapse and warfare for centuries. Also, Switzerland has the highest per capita ownership of Gold in the world; although admittedly most of this Gold is in bank vaults, not in citizens’ hands like in India.
First, check-out the FDIC#. established on March 5, 1849. That is old. They were originally The Detroit Bank and Trust company. They switched their name in 1982 to Comerica Bank-detroit (Yes, with a little “d”). They gulped down just about every bank in Michigan. In 1991, they removed “-detroit”. They continued gobbling up banks in MI,CA, FL, and TX. Finally, in 2007 Comerica Bank moved to TX. They are big, about $67.6 Billion, but they aren’t native to TX. They have 1.00% APY for up to 1Y and a 2.00$ APY for a 2-year CD to 10-year CD. They were profitable for the year though. That is rare these days.
Invest in the Stock Market. Although investing in the stock market can be risky, it is still one of the best ways to save money for retirement in the long term. This is because the interest rate on the typical savings account is extremely low, generally 2%-3% (depending upon the amount on deposit). By contrast, earnings on the stock market have historically come close to 10%. If you want to minimize your risk, simply diversify your investment portfolio. For instance, in addition to high-risk stock, mix in bonds and money market accounts.