With the current state of volatility in world economic affairs, changing your retirement investment strategy may not be the worst idea ever. In recent years the rise of retirement investment in gold and other precious metals has opened up new doors to investment opportunities and changed the landscape of retirement funding for the foreseeable future. With the power of direct marketing and the search engines finding a reliable custodian to purchase gold and other precious metals are as simple as a few keyboard strokes. I used Absolute Summit to market my friend’s precious metals company online.
One of the key reasons for this move to investing in precious metals is the simple fact that most precious metals tend to appreciate as the more traditional stock, bonds, and mutual fund options depreciate. Technically speaking, gold is negatively correlated to stocks.
The price of gold still plays a pivotal role in world economics today, standing as a beacon of wealth and prosperity due to its rarity and its perception of value. And as the volatility of paper currencies is proving ever more unstable, the value-retaining properties of gold are not found in too many other commodities.
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Why Invest in Gold
There is a multitude of reason why you should be investing your retirement future in gold, so let’s take a look at some of the main ones:
- Wealth Preservation
Gold has for generations been used as the perfect medium for the preservation and transfer of wealth through the ages. Gold has always been able to hold its value well, and with the slowing of mining operations globally, this commodity is certain to see a substantial increase in the value of the new few years.
One of the characteristics of gold is that it can be traded or sold with relative ease due to its constant and consistent demand. The majority of gold investment firms do have a buy-back policy in place, allowing their clients to seamlessly sell their gold back to the firm at a fair price.
- Portfolio Diversification
A healthy portfolio is one that does not put all its eggs in one portfolio basket, so to speak. Diversification through an investment in gold is a solid investment and a great hedge against inflation or other unforeseen economic downturns. A Gold IRA Rollover is a great way to get your portfolio the spread that it needs to cover your retirement funding requirements (https://www.evernote.com/shard/s734/sh/aae9fd9c-298f-4f09-abaf-3fb483c3334a/cc7d6085d0f52e1eee8623ec2638caf8).
Take a look at our Full Guide here to get more information and make a great investment for your future.
What is a Gold IRA/401k Rollover?
A Gold IRA Rollover is a straight-forward as it sounds. The process involves the transferring, “rolling over”, the value of your assets in your 401k, from the standard, fiat currency-based IRA account into an IRA that is backed by the tangible value of Gold.
Gold IRA Rollover Rules
The key difference between an investment in a traditional Individual Retirement Account (IRA) and Gold IRA, is the physical gold that is actually held by the account, rather than the intrinsically “valueless” paper-backing of more traditional retirement instruments. The transfer of your 401k to a Gold IRA can be done via the Internal Revenue Services (IRS) and can be done tax-free. The gold stored in your account will be securely held by the appointed custodian until such time as you decide to either sell your gold or have it shipped to yourself.
There are a few rules that need to be noted when making the switch to a Gold IRA. With a rollover, you are obliged to transfer the fund to your chosen custodian within 60 days of receiving the withdrawal. If the funds are not transferred within the specified time period, a withdrawal tax penalty will be issued, similarly, if you are under the age of 59 ½ years old at the time of the withdrawal a 10% early withdrawal penalty will be imposed.
Rolling over your retirement assets into a form of “currency” that is more stable and holds its value better, is only going to be in your best interests, and the best interests of your future wealth and prosperity. Keep the rules in mind, and make the most of your new found wealth attracting investment in your Gold IRA.