Building your retirement strategy
The American system is notoriously convoluted and clunky, and the Tax Policy Center claims it’s getting even more complicated every year.
In an interview with MSNBC earlier this year, Orman was asked what she thought the biggest money problem is for women that are around Gina’s age.
She said women over 50 tend to avoid dealing with money and don’t make plans to take care of themselves later in life, but tend to focus on their family instead.
“Women still give more to others than we give to ourselves and that is a really big mistake.”
For those of us without a direct line to Orman, services like Advisor.com can help. Advisor.com connects you with vetted fiduciary financial advisors near you. All you have to do is answer a few simple questions about your finances, and Adivsor.com matches you with a short list of certified experts to choose from.
You can then set up an introductory meeting with no obligation to hire.
Diversify your IRA
Suze Orman has long been a passionate advocate for long-term wealth generation.
She frequently emphasizes that saving early can reduce your tax burden and allow for compounding growth, fostering a better financial security for you and your family security down the road.
She’s an especially big fan of Roth IRAs and their tax-free withdrawal benefits. Largely, that’s because these accounts can help you avoid a nasty tax torpedo that can have a detrimental impact on your Social Security benefits in retirement. However, a well-rounded retirement strategy includes careful investment choices within your investment account, no matter what that is.
For instance, if you’re nearing retirement age and optimizing for stability with your investments, gold is typically more stable than stocks during economic downturns and recessions. In fact, gold has increased in value sevenfold over the last 100 years.
Another reason to invest in precious metals like gold is that they can provide significant tax advantages. This is especially important for retirement planning.
Priority Gold is an industry leader in precious metals, offering physical delivery of gold and silver. Plus, they have an A+ rating from the Better Business Bureau and a 5-star rating from Trust Link.
If you’d like to convert an existing IRA into a gold IRA, Priority Gold offers 100% free rollover, as well as free shipping, and free storage for up to five years. Qualifying purchases will also receive up to $10,000 in free silver.
To learn more about how Priority Gold can help you reduce inflation’s impact on your nest egg, download their free 2025 gold investor bundle.
Real estate and your IRA
You might also consider additional asset classes for a resilient, long-term portfolio.
For instance, real estate can be a terrific way to diversify while benefiting from tax-free growth and retirement income — so long as you plan correctly.
You can tap into this market by investing in shares of vacation homes or rental properties through Arrived.
Backed by world-class investors including Jeff Bezos, Arrived allows you to invest in shares of vacation and rental properties, earning a passive income stream without the extra work that comes with being a landlord of your own rental property.
To get started, simply browse through their selection of vetted properties, each picked for their potential appreciation and income generation. Once you choose a property, you can start investing with as little as $100, potentially earning quarterly dividends.
