Gold IRA: A Viable Retirement Option Today

Don’t Gamble with Your Retirement

It is no secret that the stock market can be a risky place to trust one’s retirement assets. On any given day, the Dow can break records only to plunge hundreds of points within a few days afterward. This volatility is one of the main reasons that people are increasingly investing in gold IRA‘s for their retirement years.

Why Choose Gold?

Gold is a favorite commodity for retirement investing for a number of reasons, including (but not limited to):

  1. Gold is one of the few assets that have withstood the ravages of time and economic downturn. In fact, gold has historically increased in value even when the dollar was valued at its lowest.
  2. Because of its price stability, gold is a popular choice among investors who wish to provide a hedge against market losses in their portfolios.
  3. Gold is in demand globally, and has been for centuries. It cannot be devalued by governments and is more solid than investment accounts that are backed by paper.

What Is a Gold IRA?

401k to gold iraAs you may already know, an IRA is an account in which assets are held long-term for the primary purpose of providing for one’s retirement. Many IRAs are backed by mutual funds or U.S. currency, both of which can lose value quickly in the event of an economic crisis, such as a recession. For example, during the Great Recession of 2007, thousands of U.S. workers lost all of their retirement savings that were invested in stock market mutual funds.
It is for this reason that using gold to back an IRA makes good sense, especially in the current economic environment. However, the Internal Revenue Service has very specific laws and regulations in place that set forth the criteria that must be followed for having a gold IRA. Failure to comply with these laws and regulations can cause the IRA to lose its tax-sheltered status, and may also result in the imposition of fines and penalties.
Existing IRAs can be rolled over to gold IRAs. This includes 401k to gold IRA rollover, 403b to gold IRAs and tax-sheltered annuity to gold IRA rollover. Due to sensitivities to market fluctuations, making the 401k to gold IRA rollover change is a popular choice among investors.
Therefore, it is crucial that investors who are considering a gold IRA choose carefully when deciding upon a company with which to transact business. Gold IRA investing is not difficult, but should be approached with care.

How We Can Help

We have researched the ratings, rankings, and client reviews for a number of companies who engage in both selling gold and setting up gold IRAs. We have done our homework so that you have all of the information you need at your fingertips to make an informed decision for the best gold backed IRA for your money. Throughout our site, we are confident that you will find all the info and resources you need.