The people have spoken…and their choice for next President of the United States is Donald Trump. Our best wishes go out to our new President and his whole administration to safeguard and lead our precious America forward.
I votedAround the world, jaws dropped and markets fell. The stunning surprise of this political upset has sent investors running for
the exits in a flight for safety. The situation is changing so rapidly that this email could be outdated by the time you read it.
GETTING PREPARED: A CHECKLIST
Though the contest is over, our country still has a long way to go in healing the political rifts that were opened over the last few months. You may be celebrating President Trump’s victory, or rueing Hillary Clinton’s loss. Either way, it is time is to get prepared for the hard reality of what lies ahead for our new President and our country.
This pre-Trump checklist offers six suggestions to protect your retirement before Trump takes office on January 20, 2017. It may also help you save on your taxes.
Just make sure you do these things before January 20, 2017.
1. Hope for the best, but prepare for the worst
Several prominent economists and investors have been warning about the type of market crash we seem to be experiencing today. Royal Bank of Scotland recently told clients to “sell everything.” Quantum Fund founder Jim Rogers recently spoke of a “‘Biblical’ collapse that is poised to wipe out millions of Americans.” Investor Mark Faber told CNBC that stock investors are about to “endure a gut-wrenching drop” that would rival history’s greatest crashes. Are you more optimistic? Either way, it is not a time to be complacent.
2. Stay diversified
Don’t keep all your eggs in one basket, particularly if retirement is near and the market is at these nose-bleed levels. Economist Andrew Smithers has said that he thinks “U.S. stocks are now about 80% overvalued.” That’s quite high… could you retire if your nest egg deflated by even 25%? How about 50%? Sadly, history has handed investors losses of this kind before. Don’t let history hand it to you.
3. Examine your tax profile
President Trump’s economic policies would fundamentally rework the tax code. Death and inheritance tax policy could change radically. This uncertainty could change your retirement picture fast, and it can’t be good for our country either. Most economists have found that the sum of his policies as planned would add a huge amount to our crushing national debt. This debt would inevitably give President Trump little option than to come for your assets. TIP: A little known IRS loophole offers an alternative (call us at 888-997-6844 to learn this secret!)
4. Consider the alternatives
Consider investment alternatives that offer diversification from traditional “paper-based” assets (think stocks and bonds), which many investors are over-exposed to. Gold and silver prices often move independently or inversely to the movements of paper assets over time. They are also driven by a whole range of market forces that differ from the forces driving stocks.
5. Think of your heirs
Gold and silver is private and easily transferable if you choose to distribute it to friends, family and heirs. Have you considered the impact on your inheritance taxes if you leave behind a traditionally-invested nest egg? Gold and silver can help lessen that blow (ask your tax advisor for details).
6. Act fast
The world is changing fast today. On January 17, 2017, the world could begin to evolve even more rapidly. This change might not be in your family’s favor. Do yourself a favor and get informed now on how to get ahead of a Trump presidency.
Our IRA specialists are standing by to educate you on what today’s market gyrations could mean for your portfolio. And what to expect in 2017.
