Finally convinced the wife about our Gold IRA (mostly)
- •She’s always been the more conservative one with our money, which honestly, has saved my bacon more times than I care to admit.
- •It was actually when our old high school buddy, Tom, came over for a Badger game.
- •I think hearing it from someone she trusts, someone who's walked the same path as us for decades, made all the difference.
Well folks, after probably two years of me chirping about diversifying our retirement, especially with all the crazy stuff happening in the economy, I think I finally got Martha on board with putting some more into our Gold IRA. She’s always been the more conservative one with our money, which honestly, has saved my bacon more times than I care to admit. But when it comes to gold, she just saw it as “a shiny rock that sits there.”
What finally seemed to click for her wasn’t some fancy economic report or even showing her charts of inflation. It was actually when our old high school buddy, Tom, came over for a Badger game. Tom, who worked at the cheese co-op with me for years before he retired, mentioned off-hand how glad he was he diversified his own portfolio with some physical gold a few years back. He talked about how he felt a lot more secure watching the news, especially with the housing market here in Madison going nuts and the general instability. I think hearing it from someone she trusts, someone who's walked the same path as us for decades, made all the difference. Sometimes it just takes a different voice, ya know?
We’re still not talking about moving everything, obviously. Our current portfolio is sitting well over $700k right now, mostly in traditional stuff, and we're just shy of retirement ourselves. I'm thinking of moving another 50k or so, which would bring our total gold holdings to around 10% of our total. She’s not thrilled about that much, but she’s open to 25k now and we can revisit it later. It's a start! I keep telling her it’s like having an extra wheel on the tractor – you hope you never need it, but you're damn glad it's there if you do.
Anyone else have a similar experience trying to convince a skeptical spouse? What finally got them over the hump? Or am I just preaching to the choir here?