Most people would like to ensure that they will have adequate money for their retirement years and so usually they will rely on IRAs for just that. The trouble with IRAs though is, they rely on the stock market in order to give a good return which, to those that retired in 2010 found out to their displeasure, is not a safe investment. 2010 was the year of the last financial crisis and an effect of that was that stocks in the stock market drastically dropped in price. That of course meant that anybody that had IRAs that relied on the stock market and retired that year, received far less for their investment than they had expected. This amounted to 45% of all retirees that year, most of who were left with too little to secure a financially safe retirement, leaving them to probably rely on others for financial support in their older years. To avoid them being caught in this same situation, many people, after 2010, switched to gold IRAs for some of their savings. Gold IRAs are similar to regular IRAs in so far as they have the same tax benefits but instead of the funds being invested in the stock market, all the funds have to be invested in either gold or other precious metals. Precious metals are of course a safer investment as, although their value can also fluctuate, they very rarely fluctuate as dramatically or as often as the stocks on the stock market do. Of course though, being a safer investment means that there is less chance of them making huge gains but at least they will have secured some income for their retirement and should not have to rely on the generosity of others.
There is however, an even safer way to secure an income for your retirement and that is by investing in what are known as secondary market annuities. Although these are something that are rarely talked of and so not many people know about them let alone understand them, they are a legally binding way of ensuring for your future however, knowing about them and getting them are two different things as when the opportunity to get them arises, they are very quickly invested in and once again disappear.
Basically what one of these investments is, is when someone that has earned, won or been awarded a structured settlement, wants to receive a lump sum instead. This lump sum can be given provided the payer of the structured settlement is in agreement which they usually will be if they can find investors to pay the lump sum. The investors pay the lump sum and in return receive the agreed structured settlement. As these transactions have to be agreed by a judge, an investor is protected by law, in receiving those structured payments on a regular basis. Although these come up on a regular basis, many of them are quickly bought up by the larger, professional investors.