Sapientia Est Potentia

How to buy gold coins

by Joseph Nicholson

Either through recognized bullion dealers, coin shops, or online auctions such as eBay, acquiring physical precious metal can be one of the most important and rewarding investments you might ever make. Whether it's a local store front or an online dealer, buying physical requires identifying a reputable source. If local options are not available, several good online bullion stores are the next best thing, though there will be shipping costs. When comparing dealers, consider shipping costs, applicable taxes, availability and, of course, price. If possible, lock in a price per ounce first, and then determine a quantity to order. (read more)

What are the underlying causes of gold price volatility?

by Joseph Nicholson

The usefulness of gold as an economic indicator is highly questionable, but perceptions about the economy can certainly affect the price of gold directly. Gold is widely recognized as a hedge against declines in the U.S. dollar and inflation. Gold is used in most electronic devices like computers and cell phones, but in such small quantities that fluctuations in these markets have little effect on the price of gold and vice versa. (read more)

Retirement planning 101

by Joseph Nicholson

It's no fun to think about your own death, and life expectancy does vary by demographic group, but individuals should at least plan to live to 85 years of age for the purpose of retirement budgeting. Most people can maintain their pre-retirement standard of living on only 60 to 80 percent of their former earnings. So, it's a simple calculation then for how much will be needed annually. For those earning more than $50K per year, a target of 60 percent of their pre-retirment income is usually adequate. Those earning between $20K and $30K will probably continue spending as much as 80 percent of their work income in their retirement years. (read more)

How to sign up for Medicare

by Joseph Nicholson

U.S. citizens or permanent legal residents for at least five continuous years are eligible for Medicare if they are 65 years or older. Some individuals under 65 are eligible if they have been receiving Social Security benefits for at least two years. Others qualify because of their specific conditions, such as kidney failure or Lou Gehrig's disease. (read more)