Is Now the Time for a Gold IRA Rollover?

With frequent recessions and an unstable economy to deal with, one can no longer build a secure future for themselves by merely relying on paychecks. It’s time to make some smart investments. Did you know that gold has grown over 700% in value in the last decade? If there was ever a good way to get great returns on your investments, unhindered by external factors such as the economic policies, it has to be through a self-directed IRA investment in gold. Let’s dig deeper into this subject.

What Is a Gold IRA Rollover?

As the name suggests, the process involves rolling over all your valuable assets from a currency based IRA account to a gold IRA. There are no special requirements or eligibility criteria, only that the gold should meet refinement and purity standards.

Once you’ve made the investment, your gold will be held at an authorized depository as per law. It won’t be delivered to you since that would be considered as a disbursement of your IRA. Only you will have the power to withdraw gold or precious metals from the depository.

Why Is It a Good Idea to Rollover Your IRA?

Whether you want a secure sound of income later on in your life or you’re settling down for a nice and easy life after retirement, a commodity based investment such as this will hold you in good stead throughout your life. Here are some top reasons why it’s always a wise move to rollover your IRA:

1. Protection Against External Economic Factors

Your car depreciates, your home depreciates depending upon your location and the realty market, even your skillset will depreciate in value eventually, but gold stays firm and always appreciates. This is partly because of the reason that it is immune to currency values and economic trends. Stock Market failures, inflation, debt – nothing has a say on the value of gold. Hence it is the most stable form of investment in current times.

2. Unmatched Demand

Gold can be easily traded or sold and most investment companies do allow their clients to pay back in gold – a testament to this fact. Demand for gold will never diminish, and if you’re stuck in a tight financial crisis, your IRA account will always bail you out.

3. More Tax Benefits

A gold IRA account has certain added benefits that will save you tax money. A currency based IRA account will be taxed heavily in contrast to a gold account, so it makes greater sense to convert your currency based account to a commodity based account.

4. Diverse Portfolio

Having a diverse portfolio of investments never hurts. Most top gold IRA companies these days allow clients to invest in all kinds of precious metals. You can even invest in stocks and mutual funds, not just plain gold bars.

Now Is the Time for a Gold IRA Rollover!

If you haven’t considered the option seriously yet, there couldn’t have been a better time to think about it. With uncertain economic times looming ahead, safer investments are key to a safe and sound future.

 

Sources:

https://www.irs.gov/retirement-plans/individual-retirement-arrangements-iras

https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-iras