Gold IRA: Smart retirement investment or not?

With the current government shutdown, economic market conditions, and fear of inflation, many individuals are searching for answers when it comes to protecting their retirement savings. This is a question that few people have the answer too.

Why? Because financial experts and wealthy individuals are keeping these answers to themselves in fear of a increase in demand and shortage in supply. They understand the value of these assets in times of turmoil and collapse.

Luckily, we have discovered their secret: Physical Gold & Silver!

Before it was literally impossible for regular individuals to capitalize on obtaining precious metals, but luckily with the invention of the self-directed IRA, it has became a reality.

Protect Your Retirement with a Silver & Gold Backed IRA

The fact of the matter is, if you currently have an IRA or 401(k) that is purely locked into one asset class, most likely mutual funds, you are in dire risk of losing all of your hard earned savings from things like currency devaluation, inflation, or even the government taking your money in an effort to pay down the rising $18 trillion debt deficit.

Luckily, you have the ability to change the outcome by doing a simple IRA rollover to add diversification to your retirement account by adding precious metals. We explain how to do this below in 3 simple steps.

What is a Gold IRA?

A gold IRA works in the same capacity as your current IRA or 401(k), only these accounts allow you to hold precious metals like gold, silver, and palladium in the account for diversification.

This is important because your entire retirement will not be based off of just one asset class. It allows you to hold gold coins or bars that are approved by the IRS.

These precious metals are normally stored in a depository like Brinks or the Delaware Depository for your safety.

You will also have the flexibility to decide how much of your retirement is invested in these precious metals and can continue to add more overtime.  This vehicle allows regular people to participate in one of the investments of the wealthy.

What is a Self-Directed IRA?

The way that a gold IRA account is established is through an account called a self-directed IRA. This type of account gives the IRA account owner more control over the investment decisions on behalf of the retirement plan.

Investments such as real estate, precious metals, bonds, stocks, and mutual funds can be held under this type of account. IRS regulations require that either a qualified trustee, or custodian, hold the IRA assets on behalf of the IRA owner.

A “Tax-Free/Hassle-Free” IRA Gold Rollover

Our chosen IRA custodian that we recommend in the IRA rollover process is Goldco.  This company continues to exceed the expectations of it’s customers by maintaining a 5 star rating with the Better Business Bureau, 5 star rating with Trustlink.org, and making the Inc. 500 List as one of the fastest growing companies in the financial services category. Their customer testimonials on their website solidifies all of these great accomplishments.

Even if you have a 401(k), 403b, 457b, annuity, or pension plan, you still qualify for a tax-free gold IRA rollover, which is a tremendous value since you won’t be losing any of your savings to taxes. All it takes is speaking with a IRA specialist, by clicking on this link here or by calling the 800 number on the website or simply filling out the form on the right with your Name, Email, and best phone number and you will be contacted within 24 to 48hrs to answer any question that you might have about the process.

Which accounts are Eligible for Rollover into a Gold IRA?

The accounts below are all eligible for a gold IRA rollover:

  • Roth IRA
  • Traditional IRA
  • SEP
  • 401(k)
  • 403(b)
  • Some annuities
  • Pension plans

(Others may apply, please speak with a Goldco account representative)

10 Reasons to Invest in Gold

  1. portfolio diversification
  2. inflation hedge
  3. currency hedge
  4. risk management
  5. supply constraints
  6. history of maintaining its value
  7. deflation
  8. geopolitical uncertainty
  9. increasing demand
  10. tangible assets

Just What is Gold’s Projected ROI?

Let’s say you had invested $33,000 in a gold IRA in 2002. Flash-forward eleven years, and your account value would have peaked somewhere around $200,00 in today’s standards! Not too shabby!

 

What Types of Coins Can be held in a Gold IRA?

There are only certain types of bars and gold coins that can be held in your IRA account based upon regulations set by the IRS. For a full list of all IRS approved metals, see below.

Below is a list of some of the most popular coins and bars recommended for IRA accounts:

  • American Eagle Gold Coins
  • Canadian Maple Leaf Coins
  • American Buffalo Gold Coins
  • Austrian Philharmonic Gold Coins
  • PAMP Suisse gold Bars

The fineness requirements for metals are bulleted below:

  • .995 gold
  • .999 silver
  • .9995 platinum
  • .9995 palladium

(Note: IRA custodian cannot buy or sell metals from a disqualified individual (you, spouse, family members)

How long should I keep Gold in my IRA?

Each situation is unique and should seek expert financial advice to determine how long you should hold gold. Usually gold is seen as a long-term investment, but it is important to understand that every investment comes with associated risks. Market and economic conditions can also influence the decision of how long gold should be kept.

Where is the Gold in my IRA Stored?

Depending on what IRA custodian you choose, it will be either held at the Delaware Depositary or Brinks Storage.

How do I liquidate a Gold IRA account?

The great part of a gold IRA account is the fact when you start taking distributions out of your plan you can either take physical possession of your metals or liquidate them for cash.

This is a tremendous value and great option to have when you plan on making withdrawals from your account.

Why Goldco over any other company?

Why should you choose Goldco over other companies?  Two things, experience and asset preservation.

1. For the target clientele of IRA custodians such as Regal Assets, experience in handling IRAs is most important consideration since these entities would be handling funds that will support them in their retirement years. Asset preservation is understandably the other important concern. Given the continued volatility of the financial markets, safe havens that ensure asset preservation are what most, if not all future retirees want.

2. It is clear that Goldco checks all the boxes as far as these considerations are concerned. They have the longest experience in the field of gold IRA’s and gold IS the ultimate safe haven. On the basis of the requirements presented above, Goldco is in fact the only choice for those who wish to move their IRAs into gold.