What is a Gold IRA?
Protect Your Retirement with a Gold & Silver IRA
A Gold and Silver IRA is very similar to a traditional Individual Retirement Account that provides you with certain tax advantages. The main differences are that it is self-directed, and it allows ownership of physical precious metals.
With a Gold and Silver IRA, your retirement funds are no longer limited to paper-backed assets such as mutual funds, stocks or bonds.
While most savvy investors understand the benefits of investing in precious metals like gold, silver, platinum and palladium, not everyone has tens of thousands of dollars sitting around in cash that would allow them to buy it directly. That’s why the Gold and Silver IRA has become very popular – many people do have a larger amount of investable funds in their IRA or 401k.
Now investors can add or rollover gold, silver and other precious metals directly into a precious metals IRA. Such accounts are ideal for first-time investors seeking the security of physical gold and silver, as well as investors with existing retirement accounts, including IRAs, 401(k), 403(b) plans.
While such retirement accounts once included only stocks, bonds, and money-backed assets such as U.S. Treasury Bills and mortgage-backed securities, now retirement investors can share the security of an IRA account backed by physical gold and other precious metals.
Precious metal IRAs in gold, silver, platinum and more have become a key way for those on the road toward retirement to diversify their assets and reduce the effects of inflation on their retirement savings. Coins and bars approved by the Internal Revenue Service (IRS) must be held in an insured, licensed depository for safekeeping, then can be taken home based on federal rules for withdrawal.
Piling all your eggs in one basket will get them crushed. The same goes for financial investments. They can crash if loaded into one bucket, like the stock market.
Spreading assets throughout a well balanced portfolio is key to protecting wealth. It’s called diversification. Any financial advisor will tell you the best way to safeguard money is to invest it in a mixed portfolio of equity and mixed income assets such as stocks, bonds and savings accounts.
Then there’s gold and silver.
Why Gold Now?
- Gold is rare, if you could gather all of the gold ever mined in history, it would form a cube that’s 21 meters across
- A massive correction in the stock market is predicted
- Gold is highly liquid
- The price of Gold is 30% lower than all time highs
- China/Russia are hoarding gold in preparation for the collapse of the US Dollar
What is an IRA Rollover?
Eligible accounts for Rollover into a Gold IRA
- Roth IRA
- Traditional IRA
- TSP (Thrift Savings Plans)
- Some annuities
- Pension plans