Holding physical gold in an Individual Retirement Account (IRA) can be a wise decision for protecting your retirement savings. In uncertain times, gold has historically been a dependable hedge against economic volatility and crisis. Unlike traditional IRA accounts that are linked to the economy through stocks, bonds, and mutual funds, gold has consistently outperformed the Dow by over 300% in the past decade. So why not secure a portion of your retirement savings with the intrinsic value of physical gold or silver?
There are many benefits to owning physical gold in your retirement portfolio, including diversification, tax benefits, growth potential, protection against the volatile stock market, and safeguarding against the declining dollar. Gold and silver IRAs allow you to hold assets that are not commonly found in employer-sponsored 401(k)s and conventional IRAs, providing an extra layer of diversification. Additionally, Precious Metals IRA offers the same tax benefits as a conventional IRA, while shielding your retirement savings from the volatility associated with stocks and paper assets.
Moreover, precious metals such as gold and silver have inherent value and an ever-increasing global demand, making them an attractive option for growth potential. Inflation and a declining U.S. dollar can lead to the erosion of wealth and purchasing power. However, owning gold and silver in an IRA can protect your buying power and safeguard your money from the effects of inflation. So, by diversifying your portfolio with precious metals, you can help ensure a secure and comfortable retirement.
A self-directed IRA, also known as a Gold Individual Retirement Account, puts you in charge of your investment decisions. With a Self-Directed Gold IRA, you have the freedom to determine your asset mix and expand your retirement holdings beyond traditional options such as stocks, bonds, and municipal funds. Unlike a set asset group chosen by a fund custodian, a Gold Financial Group Gold IRA enables you to make changes to your account, giving you more control over gains, losses, and the level of risk you take. By diversifying your traditional IRA holdings with gold, you can protect your portfolio from market fluctuations and the global economy's ebb and flow. Our clients appreciate the flexibility and convenience of having a Gold IRA.
MOVING AN EXISTING IRA ACCOUNT TO PRECIOUS METALS
You have the option to transfer or roll over any part of your current IRA account to a Gold Financial Group retirement account that includes gold, silver, or other valuable metals. Our highly acclaimed team can provide you with valuable insights on how to ensure a financially secure future for yourself and your loved ones.
GOLD IRA TRANSFER:
Our self-directed IRA custodian partners are equipped not only to assist you in setting up new IRAs, but also to facilitate 401(k) rollovers and transfers of existing assets. It is crucial to exercise caution when executing an IRA transfer, as an improper transaction can trigger a significant tax event on your savings. Our IRA custodians are pleased to aid you in transferring or rolling over your funds smoothly and correctly.
You have the option of transferring an existing IRA into a precious metals IRA at any time, provided that the assets are transferred "from custodian to custodian." In a direct transfer, the funds flow directly from one IRA custodian to another. This necessitates that the distribution check from the old IRA custodian is made out in the name of the trustee or custodian of the new IRA account that is receiving the funds. Transfers may be conducted as frequently as you desire, and we have organized numerous transfers of this type for our clients.
A GOLD IRA ROLLOVER:
At Gold Financial Group, many retirement plans involving precious metals start with a rollover. According to current law, both IRA transfers and rollovers from qualified retirement plans like 401(k), 401(a), 403(b), 457, Thrift Savings Plan (TSP), and annuities are permitted. Our team has extensive experience with this process and can provide you with the necessary knowledge. Precious metals IRAs tend to be more cost-effective when their value is high, which is why a rollover is often a wise choice. For those who are just starting an IRA and even with maximum yearly contributions, it may take a few years to accumulate a sufficient account balance to make it worthwhile.
During a rollover, you receive the distribution from your existing IRA account and then deposit it into another IRA custodial account. Within 60 days, you must redeposit the funds into the new IRA account. If the 60-day limit is exceeded, you will be responsible for taxes and penalties on the withdrawn money. To maintain the tax-deferred status of your retirement savings, you can only roll over the same money once every 12 months.
If you're looking to diversify your traditional IRA account with gold and other precious metals, Gold Financial Group can assist you with a Gold IRA transfer or rollover. In today's economy, financial experts advise allocating 10% to 15% of your portfolio to gold and precious metals. Whether you have an existing IRA account or need to set up a Gold Self-Directed IRA, our representatives can guide you through the process. Contact us at 1-888-915-2443 or complete our IRA Account Form to discuss your individual retirement needs and explore your options.