Tim Schmidt - A Florida based Entrepreneur Author & Life Hacker

About Tim Schmidt

Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started this website to share his expertise in using his Self-Directed IRA. Most recently he's been advising individuals to diversify into precious metals ahead of a certain recession. He invested with Goldco.

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Here are my most recent posts

Best Cryptocurrencies to Invest In

Invest in Crypto / Tim Schmidt

The investment sector has been significantly impacted by the introduction of cryptocurrency. Cryptocurrency has provided investors with an additional choice. The number of investors throughout the world is continually increasing. The individuals trading with cryptocurrency remains at three percent. A good investment requires analyzing trends and careful consideration. I recommend reviewing numerous sources to enable […]

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Best Bitcoin IRA Companies Of 2023- Is Savings In Bitcoin Finally Here?

Invest in Crypto / Tim Schmidt

Everyone is familiar with the gold IRA or a 401K system of pension savings. After all, it’s the only responsible thing to do, to be prepared for your retirement comfortably. A traditional IRA account is a little different than saving in Bitcoin. However, we would say that the future is finally here, and you can

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Red Rock Secured Review

Precious Metals Investing / Tim Schmidt

Before you go and put your money into an investment, you need to do your research, right? Lucky for you, we have you covered with this Red Rock Secured review. Before you jump into buying precious metals, we are going to give you the lowdown on everything you need to know to be successful. Our

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Kinross Gold – Company Profile

Precious Metals Investing / Tim Schmidt

This page is meant to be a company profile of Kinross Gold, which has mining operations and is traded under the stock ticker KGC. One of my researchers put this together, and told the company story through the eyes of one of their own people, which is why it’s written in first person. We found

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How to Pay Off Your Mortgage in 5 Years

Money Management / Tim Schmidt

Millions of Americans are currently stuck in a mortgage situation that they hate. They either owe too much money or are behind on their payments. This situation can be stressful and leads to divorce and health problems on a regular basis. But Americans are not destined to be stuck in hopeless mortgages for the entirety

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Is Storing Your Precious Metals Offshore a Good Idea?

Precious Metals Investing / Tim Schmidt

I recently got an email from Escape Artist, one of my favorite sites about living and investing overseas. I’ve probably followed Escape Artist for over 20 years, and truly enjoy their guidance on how to navigate the murky waters of living offshore. A lot of their content focuses on Latin America, and having lived in

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How to Convert a SEP IRA to a Roth IRA

Money Management / Tim Schmidt

If you want to avoid having to pay taxes on the distributions in retirement when you have a simplified employee pension individual retirement account, you have the choice of converting it into a Roth IRA. This can be done regardless of having the pension account whether from an employer or by setting it up yourself.

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The Best Monthly Dividend Stocks to Buy

Stock Market / Tim Schmidt

If you don’t have dividend stocks in your portfolio, I highly suggest you take a peek at this video below, or read the transcript, to see what a great cash flow they can provide you. I’m not a Financial Advisor, but it’s clear to me that getting cash from an investment on a monthly basis

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What Is a Nondeductible IRA?

Retirement Tips / Tim Schmidt

Basically, if you’re looking for the type of retirement plan that you can fund using money that you’ve already paid taxes on, then you’d want to set up a nondeductible IRA. With a traditional IRA, you have the ability to use your income tax to deduct contributions. This is not the case with a nondeductible

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