It seems that every few years, some kind of financial crisis comes along that slashes the value of our retirement savings. It can then take several years to make up those losses, robbing us further of the precious time needed to adequately grow our retirement accounts to meet our living expenses in our golden years.
Stop exposing your entire retirement savings to erratic and unpredictable markets. Minimize your risk and stop wasting the precious time required to grow your IRA recovering from unforeseen crashes and downturns. Hold your retirement dollars in a Precious Metals IRA in IRS approved gold, silver, platinum or palladium coins and bars.
Here is a Comparison Chart of the top financial companies that specialise in gold IRA rollovers. You can read the in-depth reviews for each company in this report before deciding on who to go with.
Read more to learn about what Gold IRA’s are and how they can safeguard your financial future.
What is a Gold IRA Rollover?
A Gold IRA is a self-directed Individual Retirement Account that provide certain tax advantages. There are different types of IRA which dictates when the money can be withdrawn, the limits in yearly contributions and other factors. A self-directed IRA allows you to decide what portion of your retirement is allocated these precious metals and also allows you to add more overtime at your discretion.
This type of investment is good for those that want some stability and diversity to their investment portfolio. With a Gold IRA, investors can add to their tax-sheltered retirement accounts physical precious metals such as gold coins, silver coins and bars. For the long term investor, this is a great way to create some diversification away from paper assets. In times of geopolitical unrest, precious metals have long been used to hedge against inflation and un-foreseen crisis’s.
What happens with a Gold IRA is that your money goes into proof coins and bullion from countries such as America, Australia, Canada, and Austria. In addition to this there are other investment opportunities with many asset companies such as silver, platinum, and palladium. Of course you must also ensure that the precious materials in your account are acceptable before making the decision to move your assets. If an investor has identified the IRA they want to go with, they must research if the company they are using is listed in the Better Business Bureau (BBB), as it is often an indicator of quality and dedication to your time and money. Do not used newer asset companies that do not have sufficient years in precious metals as they may not have the required experience to give you the best possible return on your investment. Once a suitable asset company has been identified then the rollover process can begin.
The purpose of a Gold IRA is the preservation of wealth. For maintaining long-term assets growth, precious metals is powerful, stable and very safe.
All precious metals in your investment portfolio are kept under security in an IRS-approved depository like Delaware Depository or Brinks.
When you reach retirement, it can be shipped into your possession or converted to cash. Rolling your exisiting retirement account to a Gold IRA is a tax-free transaction. You can use an IRA as part of an overall investment portfolio or in addition to a 401(k).
You can direct that some of your IRA funds to be in invested in gold with a self-directed IRA. Provided that the custodian or trustee of the IRA is willing to administer to that investment, gold can be purchased through an IRA.
With a self-directed IRA, you can decide how your IRA funds will be invested instead of your custodian or trustee. You gives you full control of your money and how it is being invested.
Gold IRA Rollover: secure investment with tried and tested results
The benefits of rolling your 401k into a Gold Individual Retirement Account (IRA) must be examined when considering future economic security for an individual. The continuing precarious nature of the stock market insures that those with accumulated 401k are still anxious over what the future may bring. Thankfully, many cognizant investors are now rolling their hard-earned stock into precious metals that can secure their financial certainty in the years to come. We have seen too many people bare the brunt of the volatile market as banks and Wall Street continue to lose the confidence of stock holders. That is why people must discover where the big gains will be in the future. With gold there is a real chance to build a solid foundation of return that can maintain its worth regardless of what is going on with the US dollar and other bruised currencies such as the Euro. Therefore it is essential to understand the multiple benefits of making the right choice before continuing any further with your current financial plan. Understanding the merit of gold investment is the best place to start when considering the next important step with where your money goes.
Why the big fuss over gold?
With a countless questions appearing when researching the best option, the first detail to understand is what the best Gold IRA should offer. The clear benefit of a Gold IRA is security from inflation in the market and the constant lottery of the world economy. As currencies become inflated they soon can lose the value that they previously had. When you have placed gold in your retirement portfolio the value of the metal remains and inflation cannot deplete it.
Since the late 80s we have seen currencies such as the US dollar weaken as the market staggers through each dip in growth. Today the world economy continues view the dollar in a diminishing light, and there is no sign that is likely to change in the near future. To further worsen the situation with US dollar we have seen a surge in the printing of currency in the US by the Federal Government. This has meant a continued rise in monetary inflation with more money in the system, but in turn this has had a negative impact on currency value. By putting your money into gold–a commodity or economic good– the risk of it losing value is greatly diminished. The devaluing of the US dollar and other currencies means the the time to move earnings into valuable commodities such as gold is now. Basically, gold does not have the same loss concerns associated with stock and cash investments that can severely damage a previously secure portfolio and it will often bring bigger increases in value as more people seek to buy into its benefits.
Traditionally people have relied on savings accounts, real estate, and stocks and bonds to see them through when they get to retirement age. What they don’t realize is that gold is unique to all of these options because its value remains unique and has done so for hundreds, even thousands of years. As gold has survived so many economic fluctuations, it surely has some benefits that should be directly linked to its sustainability. One immense benefit of a having a Gold IRA is the rising value of the commodity.
With many emerging economies gaining economic growth in the world, there is a continuous drive for more opportunities to gain from a resources like gold. With supply and demand stocks and shares can fluctuate greatly; significant gains one day can be followed but huge losses the next. This has meant that the revenues generated for people are often uncertain and risky to say the least. Gold has been used for years in trading because it remains in demand and continues to bring financial gain for those smart enough to know its strengths. Couple this with the fact it can easily be traded and it is clear that gold is a versatile way to invest and one that cannot be easily overlooked. The markets are always changing and diversifying to meet world trends, and this is why values go up and down from day to day. What is important with gold is that it is strong regardless of what is going on in the economic climate, and often retains much of its initial worth over time. Yes, gold has dipped in value in times over the years– but it has always come back. In fact, many returns on gold investments from 10 years ago range to over 300% in growth. This is an astonishing figure and one that anyone should consider when deciding to place there faith in the precious metals market.
A safe way to invest for everyone
We have all heard the horror stories of lost investments as the economy tanked in 2008. Just reading the news of continued economic strife for European countries and the US instills the belief that the next crushing economic blow is just months away. Over the last decade and beyond gold continues to gain in the market and establish itself as a worthwhile option for everyone. Whether its baby-boomers looking to build up their own current retirement plan, or younger families wanting to secure the future for their loved ones–gold continues to be an increasingly popular option that people are taking advantage of. Many people have been satisfied with the returns on their 401k or 403b after working for 30-plus years, but the truth is that huge losses can also be incurred over time. In 2008 people lost immense sums overnight because of the drop in the market with no possible way of regaining any ground on their investments as home prices tanked and jobs disappeared. These factors made it a slow recovery in a market which continues to stutter and flatter to deceive. With a precious metals investment this worry is greatly reduced.
Rollover of your IRA plan
A rollover is when an individual obtains distribution from their retirement and then places it in a custodial account. When someone makes the decision to invest in a Gold IRA, they need not worry about having the IRS knocking on their door. As the law stands now a person does not need to make a declaration of their precious metals to the IRS and will not be hit with huge fines when transferring to their chosen retirement plan. These factors alone give investors a huge incentive to rollover their 401k and not have to be concerned they will be penalized by the government. With any IRA, you have what is considered a tax-sheltered account. This basically means that the government does not require taxes on the earnings that exist in the account. However, do be aware that you cannot sit on funds for too long as they must be placed in a new IRA within 60 days to avoid penalties and taxes. Please also be aware of the fact that as more people look to invest in gold, there is always ways in which the government may change the current process so it is essential that anyone interested in precious metal
investment moves fast before the current system changes.
The importance of a diverse retirement plan
Although the idea of retirement may seem a long way off for some, it is never too early to explore the possibilities with a Gold IRA. Many people may not consider their future wealth as it seems like something they don’t need to worry about until later, but those who do will be far more comfortable in the long run. Using gold as an additional investment gives suitable protection that can be priceless in itself. Furthermore, when using a proven asset company to handle your purchased metals, you will have professionals looking out for gains in the market which would boost what you have in the account. These experts can advise and determine the best options when considering to add to what you already have without making the process particularly challenging. Future financial security is imperative in today’s market and with a Gold IRA the future looks welcoming.
What Gold Do I Buy?
It’s good to with a company that is willing to walk you through the process if you are new to investing in gold. Look for a company that will take the time to explain the whole process and work with you on deciding what the best way is for you to invest your IRA in gold. This will ensure that you will have money to use towards your retirement and also provide the greatest return on your investment possible. They should also make sure that you understand where your gold is going and what gold has been bought with your IRA funds and also make sure that you feel comfortable with whatever amount you are investing.
Most companies will just take your order and take care of the funds transfer and gold delivery. They don’t take the time to explain to you what the best way to invest in your gold or how much of your IRA you should invest in initially.
You want to choose a company that protects your interest, not necessarily the biggest or the most widely advertised ones. Doing your homework and making sure that you’ve done your research is extremely important as your IRA is your future. We’ve put together a comparison chart to help you in your research. Take the time to have a look at it, read the reviews, add it to your own findings to help you settle on which company to go with. So here’s our Comparison Chart of the top IRA to gold conversion providers.