The Gold IRA Company

FX Street: Should You Rollover Your 401k into a Gold IRA?

Article by Jacob Wolinsky in FX Street

With growing concerns over an upcoming recession, stock market crash, and increasingly high inflation rates, many savvy investors are looking to precious metals as a safe way to protect their wealth during tough economic times.

One way investors can hedge against inflation and a stock market crash is by rolling over their 401(k) into a gold IRA plan.

What is a gold IRA?

A gold IRA is a self-directed individual long-term retirement account that allows an investor to purchase gold bars and coins. A custodian must hold possession of the precious metals on behalf of the individual investor.  What’s interesting with a gold IRA is that you can also purchase approved silver, platinum, and palladium bullion. All precious metal purchases must fall under IRS fineness requirements.

Why gold?

For thousands of years, gold has proven to be one of the most stable assets you can invest in.

Gold is viewed as a hedge against inflation. As fiat currencies lose strength, gold continues to gain tremendous value.

Moreover, gold is a scarcest asset that is highly liquid, which makes it even more lucrative.

Selecting the right gold IRA

Opening a gold IRA is very easy. First, you will have to select a reputable IRA company to fund your account.  Some gold IRAs offer services for managing portfolios and taking custody of physical gold. If an IRA does not serve as a custodian, you will need to search for an IRA-approved depository. Approved depositories provide customers with added security since these institutions provide unmatched protocols to protect your assets.

How to rollover your 401(K) to a gold IRA

As soon as your account is ready to fund, contact your 401(k) managing company and start the rollover process. You can withdraw the funds through an indirect rollover, which allows you to ……..

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Although the information in this commentary has been obtained from sources believed to be reliable, The Gold IRA Company does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. The Gold IRA Company will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.