If you have been looking for information on how to safeguard your retirement fund or your savings from the volatility of the market, this 401k to Gold IRA rollover guide is just what you need. The U.S Dollar has depreciated quite considerably over the last few decades. This is because the country went off the gold standard in 1971. Since then, the government has been printing currency without backing it up with gold.
When you hold your savings and retirement funds in paper currency, harsh economic conditions and treasury’s printing of currency every now and then can devalue your assets. This means that the value of savings in your 401k will not be as high as you might have expected. The amount of money in your retirement account may be increasing by a certain rate, but its value may also be decreasing very fast.
In the last few years, people have started realizing that their investments are not safe. Real estate is no longer a reliable investment, the government is unreliable, you obviously cannot rely on social security, and the stock market is not as reliable as some people may have thought. If the 2008 economic crisis has taught consumers anything, its gold that is the only thing that can be relied on to secure a retirement.
As foreign governments and wealthy investors rush to buy gold, the question on most people’s mind is where to buy and store this precious metal. Well, this is very easy nowadays. There are companies that specialize in helping investors to buy and store coins and bars of this precious metal in secure vaults. These companies can help you set up a gold IRA and walk you through the process of converting your 401k account to a gold IRA. A simple Internet search will help you find the right company.
While it is possible to buy and store gold in your vault at home, this can be very risky, you need to find a company that will store the precious metal bars or coins in a secure vault that cannot be broken into. The best thing about it is that there are no penalties or taxes when you convert to this type of retirement plan.
The most popular source of funding for gold IRAs is to rollover some funds from your 401k to the new retirement account. However, you can also use some of your savings to fund the account. By doing this, you will be assured of getting higher returns on your investments. The value of your investments will also be safeguarded from market volatility and depreciation of the dollar.
A lot more information is available from the how to guide drop-down menu on the sidebar. If this 401k to Gold IRA rollover guide has helped but you still need additional information, consider consulting experts on the subject. Companies that specialize in this type of investments will be happy to give you all the information that you need to open an account with them. Be sure to rollover your retirement savings to an IRA that is backed by gold.
We have saved you time by examining the most trusted gold IRA companies and provided a Gold IRA Companies Review based on the Better Business Bureau, BCA and Trustlink ratings. We’ve done the work, now choose the gold IRA company that best suits you.