• Turkey-Backed Opposition Recaptures Strategic Saraqib in Syria’s Idlib: Reports
  • Tunisian Parliament Gives Vote of Confidence to Coalition Government
  • Argentina Needs to Get Back on its Feet First, says New President Alberto Fernández
  • Tehran Has no Plans to Quarantine Cities Despite the Devastating Virus
  • India: Delhi Violence: Death Toll Reaches 38
  • Togo Opposition Calls for Protests Against Election Results
  • Algeria Confirms Second Case of Coronavirus in Africa
  • China Hopes to Have COVID-19 Epidemic Under Control by April
  • Coronavirus Total Cases: 82,455 Deaths 2,811, Recovered 32,765, Deaths in Mainland China: 2,744, South Korea 13, Italy 14, Iran 26, Japan 4, Diamond Princess Cruise Ship 4
  • South Korea's Virus Infections Near 1,600, New Cases Center on Hardest-Hit City Daegu
  • Coronavirus Cases Surge to 400 in Italy
  • 14 days on: Russian-Backed Regime Forces Capture 86 Areas in Aleppo, Idlib and Hama, 552 Persons Killed, and Over 300,000 Civilians Displaced: Turkish President Receb Tayyip Erdogan
  • Yemeni Forces Intercept, Shoot Down Saudi-Led Reconnaissance Drone in Najran
  • Saudi Arabia Suspends Umrah Pilgrimage for Fear of COVID-19
  • Jordan’s King Abdullah II Assures Jordon to Hold Legislative Election This Summer


Six “Must DoS” to Enhance Your IRA and Retirement Lifestyle

Dave Stephens

With the global economy growing increasingly uncertain, it’s critical that you take control of your retirement as soon as you can.

There are many ways to protect your money and boost your retirement portfolio returns, some simple, some complex.

Often, the simplest solutions are the best. But however, you decide to go about it, in the end, the responsibility to protect your wealth and to generate financial growth lay in your hands.

We can offer a few tips that are simple yet effective. Here are six of them.

ONE – Don’t Fall Into the Credit Card Trap

The New York Fed recently reported that consumer credit card debt jumped to a record high of $870 Billion in 2018.

This makes up a portion of the $3.82 Trillion (another record-breaking debt level) that has been accumulating since the financial crisis of 2008.

Avoiding to charge more than you can afford is common-sense thinking. But many Americans are in a position where they don’t have enough savings to bail themselves out of financial emergencies.

Of course, using credit cards to bail yourself out comes at a steep cost–accrued interest. Many of us have done it. And most of us who have done it regret it.

Simply, do everything you can to avoid resorting to such a wealth-draining practice.

TWO – Make Compounding Work for You

You understand compounding. Most of us do.

If you invested $10,000 in an interest-bearing asset that pays you 1% per quarter, after the first quarter you have $10,100.

If you reinvest that amount, then the next quarter you will have $10,201. Each quarter, your account rises as the interest compounds.

Bear in mind, this is why most Americans holding credit card debt are getting poorer–credit card companies are practicing compounding on their customers.

Instead, you should be compounding and dollar-cost-averaging using the assets you hold in your IRA account.

Portfolio growth and interest income, when reinvested, can make for a large sum over time.

So by practicing compounding and avoiding credit card debt, you can make a hard 180-degree turn on your wealth, compounding in a way that works for you rather than against you.

THREE – Budget, Budget, Budget!

According to a report published by the American Institute of CPAs, a large majority of Americans are not following a monthly budget.

In fact, the practice of sticking to a budget has been declining over the last three years, with 58% following a budget in 2015 and only 39% following one in 2018.

It goes without saying that if you don’t know where you’re going, where you end up may be unfavorably surprising.

In other words, if you don’t track how much money you’re spending, you may never know how much money you could have saved or grown by the time you retire.

And if you don’t follow a budget, you can never follow a sound investment strategy that carefully allocates your investments based on your income and expenditures.

FOUR – Approach Fast-Moving Car Loans (and Cars) with Caution

Another report by the New York Fed states that 7 Million Americans are three months or more behind in their car loan payments.

The largest purchase you’re likely to make is a home. The second largest is a car.

So before you agree to any financing arrangement, read the fine print. Most people don’t.

And among the 7 Million who are behind in making their payments, some of them probably missed a few important details in the fine print that might have prevented them from taking that loan in the first place.

Approach with caution.

FIVE – If Rainy Days Are Inevitable, Then Rainy Day Funds Are An Imperative

40% of all Americans can’t manage to pay for a $400 emergency with their savings.

A ridiculous claim? No, an official Fed report titled Report on the Economic Well-Being of American Households published in May 2018.

All of us will experience financial emergencies in the future, some small and some large.

But as we approach retirement, we can count on facing more of them, a good portion of which might be attributable to medical and healthcare costs.

You need to have savings or cash flow (from saleable assets) to handle these unexpected emergencies.

Hopefully, rainy day funds, whether through savings or cash flow, is accounted for in your retirement plan.

If not, prioritize this first, as you can always expect the unexpected to come knocking on your front door, often at the most inopportune moment.

SIX – Protect the Purchasing Power of Your Money and Assets

It seems counterintuitive to accumulate money whose purchasing power weakens over time.

It’s like saving a lot more now in order to buy a lot less later. Doesn’t make sense.

It’s a well-known fact that gold and silver are the best sound money assets to protect your purchasing power.

Think of it in this way: if you anticipate needing $50,000 to pay for your retirement in the future, in twenty years’ time, you will need around $90,000 to match your original estimated purchasing power.

That’s what inflation does. And the example above is based on an average 3% annual inflation rate.

So while the stocks and bonds in your IRA provide growth and income, their purchasing power is also weakening.

Fortunately, the solution is rather simple: add physical gold and silver to your IRA.

Not only do precious metals provide a safe haven for all of your assets, they also rise in value during times of economic turmoil, such as a recession or bear market.

And if you hold an adequate amount of gold and silver in your IRA, you may experience asset growth through all economic seasons, the good and the bad, while protecting your portfolio against the erosive effects of inflation.

This Article Was Originally Published by GSI Exchange

Iran: Hiding the Spread of the Coronavirus and Repressing Independent Information

Immediately, Iraj Harirchi , director general of the ministry of health, denied the declaration of deputy Frahani and denounced a “propaganda war”, repeating the remarks made two days earlier by the supreme leader of the revolution Ali Khamenei. However, the next day, the member and the director general both learned that they were infected with the virus
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South Africa Olympic Gymnast

South African Caitlin Rooskrantz made history last year by becoming the first gymnast in her country to win a gold medal at an international meet, earning her a spot on the nation’s Olympic team. South Africa has a poor record at the Olympics, and in gymnastics in particular
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Afghanistan: U.S.-Taliban Deal

After 19 years of a grueling conflict that has claimed the lives of more than one-hundred thousand people, the war in Afghanistan may finally be coming to an end. So far, all sides seem to be respecting an agreement to reduce violence, a partial truce that came into effect last Saturday
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Bangladesh Court Bans 2 Books, Orders Them Removed from Literary Festival

The court’s ruling to ban the books, “Grandma’s Dictum” and “Dia Arefin,” – both works of non-fiction – and to order them removed them from stalls at the Ekushey Book Fair occurred on the fifth anniversary of the murder of U.S.-Bangladeshi secular blogger and writer Avijit Roy. He was killed in a machete-attack by Muslim zealots as he was leaving the literary festival
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Kenya Allows UN Envoy for Extrajudicial Killings for the First Time

Kenya has for the first time allowed the informal visit of a UN envoy on extrajudicial, summary or arbitrary executions. Agnès Callamard, a French human rights expert, met with relatives of police killings in Nairobi’s slums, where hundreds of cases have left relatives and friends of victims feeling powerless
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Journalism is about results. It’s about affecting your community or your society in the most progressive wa~Anas Aremeyaw Anas

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