What is the best way to invest and protect retirement savings? Many people ask this question and much more regarding their retirement savings. If such question has been bothering you too with an answer, it’s time you start considering physical gold IRA as an investment for your retirement savings. Why? We’ll give you all the reasons here but just to put it in perspective; the value of gold per ounce increased to $1,300 in May 2, 2016, one of the highest up-trend since January 2015. Many people are now rolling over IRA into gold and other precious metals as a secure investment option.
Why Rollover IRA into Gold?
In the current financial world, uncertainties and inflation are major concerns for weakening currencies. Even the US dollar which has been used as a safe haven currency is not spared. A gold IRA is an Individual Retirement Account (individual retirement plan) approved by The United States Congress. Gold IRAs are provided by certified custodians such Regal Assets for investing in gold. When you open a gold IRA account, you can actually invest in physical gold by rolling over your IRA into gold.
Many people tend not to understand much about gold IRAs because financial experts and wealthy individuals keep this information to themselves. Wealthy individuals and financial experts understand the value of gold and other precious metals in times of turmoil, uncertainties and inflation. By rolling over your IRA into gold, you are securing your retirement savings against uncertainties and inflation. While US dollar continues to weaken, the value of your gold IRA remains secure and intact, and so are your retirement savings.
Although many employees are protected by a pension plan on retirement, the current economic needs are beyond employer’s pension plan or Social Security plan. To cater for your future needs when you are aged sixty five or older, you need be proactive by opting for a secure investment plan. Gone are the days when people used to retire with a huge and fat pension plan. Opening an IRA or a 401(k) account and rolling over to gold, silver or other precious metals is the right investment option for you.
Rollover IRA into Gold Is the Right Investment Option
Typical Americans have an average of 6 to 9 jobs in their lifetime before they retire. Setting up an IRA rollover account is a way of pooling together all the accumulated funds and assets from different employers’ IRA programs over the working years. Unlike in other countries such as China and India, most Americans don’t primarily invest in precious metals. Instead, most people invest in stocks and bonds or equities. However, such investment options are prone to market volatility and other factors. By rolling over your IRA into gold or silver, you will be investing your retirement savings in a reliable and stable investment option.
Unlike before, precious metals such as gold and silver are becoming more common nowadays. The recent increase in gold value per ounce has inspired many investors to seriously consider gold and other precious metals as a secure form of investment. Moreover, common forms of investment such as equities, stocks and bonds or equities are becoming unpopular due economic uncertainties such as the recent recession. Most people are on lookout for diverse ways of investing which can provide security for their hard-earned money.
Investing in physical gold IRA gives you the freedom of investing and an array of investment choices. Banks and brokerages firms tend to limit customers on investment choices so as to maximize on their profit. When you opt for a precious metal-based retirement investment, you free yourself from economic uncertainties such as inflation and open new options for self-development. You will still need to cater for the future needs after retirement and certainly, an employer’s pension plan or Social Security plan will be far off from enough. When you invest in self-directed gold IRA account, you gain control on your investment against future economic odds. Gold value has consistently increased, even during the financial crisis and investments in precious metals still prove to be safe-haven assets against the market volatility. Your investment remains secure because the value of precious metals generally remains intact against unstable markets. Most investors are avoiding paper-based investments, and instead they prefer precious metal investments such as Regal Assets gold IRAs. You can diversify your investment portfolio by opening a precious metal IRA account and gain mileage over market forces. Having physical precious metals IRA account is the most viable investment option which provides security on your retirement savings.
How to Rollover IRA into Gold
The process of rolling over your IRA into gold is fairly simple;
(1) Open an IRA account that allows you to invest in precious metals such as gold.
(2) Find a dealer and custodian like Regal Assets to buy gold on your behalf.
(3) Hold the gold in an approved depository of the custodian bank or company.
Once you have setup a gold IRA rollover account with a certified IRA custodian, the next step is to fund your new IRA account. You basically transfer funds from your previous non-gold accounts to the new IRA account. The fund in your new IRA account can then be used to buy physical gold. There are different ways in which one can buy gold, the most common ones being physical gold IRA and gold ETF. Buying physical gold is as pure as it sounds but some people also prefer buying gold through ETF because of fewer administrative fees. It is also worth to note that 401(k) and Thrift Savings Plan (TSP) can also be transferred into gold IRA or other precious metals IRAs.