Why Are Gold IRAs Safe?


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Retirement is a subject that causes a lot of stress for some people, especially if they think they won’t have enough saved up. Everyone wants peace of mind when it comes to their future, but traditional IRAs and 401(k)s no longer provide confidence. Many people are now looking to invest in a precious metals IRA rollover, so they are asking themselves Why Are Gold IRAs Safe?

When the economy tanked in 2008, millions of people lost lots of value in their retirement funds. Some lost as much as a quarter of what they had saved up over the years, with no hope of getting it back. This scared lots of investors and made them wonder if there was a better way to invest in the future without the volatility of the stock market.

Precious metals, especially gold, don’t lose their value the way that stocks do. They aren’t subject to the huge fluctuations that bonds and stock market buys are, which makes them a much safer bet. Unfortunately, many 401(k) and IRA plans don’t include gold in their investment plan, so anyone who wants to include it in their retirement has to make special arrangements.

Another good thing about gold is that it is a good safeguard against inflation. Inflation happens when prices of goods rise, but salaries don’t necessarily rise to meet them. It can cause all kinds of problems with long-term investments, but not if you have a good amount of precious metals in your portfolio. The price and value of your portfolio won’t go down just because of inflation when you add gold.

You can speak to a professional or your current retirement plan administrator about adding it to your current plan so that you can have a safer investment. They can explain how to add it to your IRA by purchasing something called gold bullion. This is a fairly easy process, but it still needs to be done by a financial professional who knows what paperwork to fill out.

Depending on the type of IRA you have, there may be limits to how much bullion you can add to it. These limits may be raised depending on the amount you have put into the IRA, so increases over time may be possible. This means you may be able to add more bullion later in order to increase the overall value of your investments.

There are fees for the purchase of the bullion, so you should be very careful about who you choose to purchase it for you. Some pros will charge you a percentage of the total purchase, while others may charge only a flat fee. If your investment amount is small, you can go with the percentage because it will save you money. However, if you plan to buy up a lot, then a flat fee is probably the best thing.

No matter how much you have already put into your retirement account, you can always do a little better. If you are wondering are gold IRAs safe? then the answer is absolutely, yes. They guard against inflation and don’t have price spikes or dives based on the stock market. It’s a great way to get that peace of mind that just doesn’t come with other types of investments.

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Kelly Lyalls

A cornerstone of a gold retirement plan is the recognition that everyone's economic & life situation is unique. Personalized service is essential. Let the experts at Regal give you one less thing to worry about, so you can have the retirement you deserve

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