Precious Metal IRA: Understanding Rollovers
Saving for retirement? One of the best ways you can do it is by opening an IRA. There are many variations of IRAs you can choose from, and one of them is a precious metal IRA. No matter how many investment channels you have, investing in gold is the best move you can make to protect your retirement savings. One of the ways you can start a precious metal IRA is through a rollover. Keep reading to learn more about precious metal IRAs, what a gold IRA rollover is, and how to get started on your precious metal IRA as soon as today.
What is a Precious Metal IRA?
According to Investopedia, a gold IRA is a self-directed individual retirement account that invests in physical gold as well as in other precious metals. A gold IRA often comes with higher fees than a traditional or Roth IRA that invests solely in stocks, bonds, and mutual funds. A gold IRA can serve as a good hedge against inflation but is also concentrated in a single asset class.
The article continues that Gold IRAs appeal to investors who want a diversified retirement portfolio. “Because gold prices generally move in the opposite direction of paper assets, adding a gold IRA to a retirement portfolio provides an insurance policy against inflation,” says Edmund C. Moy, chief strategist for Fortress Gold, who, as a former United States Mint director, oversaw the largest production of gold and silver coins in the world. “This balanced approach smooths out risk, especially over the long term, which makes it a smart choice for retirement investments like IRAs.”
Why Get a Precious Metal IRA?
One of the major reasons people choose to invest in a precious metal IRA is diversification. This is necessary to achieve an investment portfolio that balances risk and return. Precious metals serve this goal perfectly because when other forms of investments fail, precious metals tend to remain even or rise in value.
For example, the 2008 recession proved devastating for individuals who had invested the majority of their retirement portfolio in the stock market. Those who diversified their savings with gold, however, witnessed those investments nearly triple in value. Throughout history, gold has maintained its value even in the most turbulent times. For this reason, self-directed IRAs, which allow an investor to allocate a portion of their portfolio to precious metals, act as a reliable form of wealth protection.
Think of it as putting all your eggs in one basket, such as real estate. What if the real estate market crashes right when you’re about to retire? You will be in a tough situation. But, if you have a precious metal IRA, the diversification you gave yourself will still allow you to have money.
How Does a Rollover Work?
A rollover is when you move a retirement account to a Self-Directed IRA that holds precious metals at an IRS-approved depository. These are physical precious metals that you own—but may never actually see with your own eyes!
Retirement accounts that qualify for a gold IRA rollover include:
- IRAs, including any Traditional IRA, Roth IRA, SEP IRA, Simple IRA, or Self-Directed IRA
- 401(k)s, if it is inactive or you are over 59.5 years old
- 403(b)s, after you no longer work for the company or are over 59.5 years old
- 457(b)s, after you no longer work for the company or are 70.5 years of age if still working
- TSPs, after you are no longer working
By rolling over your IRA, 401(k), 403, TSP, or 457 Plan into our Precious Metal IRA Account, you can achieve the same profits that you would gain by purchasing gold or silver directly while also enjoying the benefits that your retirement account provides. At Priority Gold, we have a proven four-step process that makes it easy to open a precious metals IRA, and we guarantee you the highest caliber customer service. Our IRA specialists will answer all of your questions, work with your current custodians to ensure a seamless transition, provide you with a free metal evaluation, and continually help you to review your portfolio.
- Account Holder Information
- Beneficiary Designation
- Source of Funds
- Transfer Instructions
Get a Precious Metal IRA Rollover with Priority Gold
If you are ready to invest in gold to protect your savings and secure your future, we can help. Priority Gold is one of the most trusted precious metals dealers in the United States, with a BBB A+ Rating, AAA Rating with Business Consumer Alliance, and 5 Stars Rating with TrustLink.
We specialize in providing precious metals investment services with Security, Liability, and Great Convenience for customers. Our team is committed to helping to streamline their precious metals purchases at a fair price, selecting the right precious metals portfolios, and meeting their important financial objectives.
We offer Free Storage for qualifying Gold & Silver IRA accounts, a fast & easy gold buying process, and smooth IRA Transfer. And gold shows up on schedule. Priority Gold guarantees the highest customer service standards, which come with honesty, professional conduct, and an ethical Code of Business.
For more information, visit us at prioritygold.com