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Why You Should Rollover Your IRA to Gold
If you’re planning for your retirement, you might want to consider changing the way your money is held. An IRA (Individual Retirement Account) is where you store your money after retirement. Although the term “rollover” has different meanings in the financial realm, when it comes to rolling over IRAs, this word refers to the transferal of the funds from one retirement plan to another plan, without suffering any tax-based consequences.
Now that you’re retired, you’re probably thinking of ways you can capitalize on your retirement savings. One way is to exchange the contents of your IRA for the equivalent amount of gold. This serves the purpose of protecting your savings in case of bad economic conditions, a government shutdown, and rising inflation.
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The Benefits of Gold Rollovers
There are several benefits to doing so. For one thing, if your IRA (or 401(k)) is tied to one asset class — mutual funds are a popular choice — then, if something bad were to happen to the economy, then you would be at risk of losing all your savings. It doesn’t have to be something big, either; even smaller economic events (like unstable inflation or deflation, currency devaluation, and higher taxes) can cause your savings to be eaten away. This last aspect is especially important in the American context; the federal government is in deficit by billions upon billions of dollars, so you can never forecast with accuracy when they’ll try to raise taxes. In this way, you can account for risk and geopolitical uncertainty, and deal with risk management. Thus, you can have higher long-term gains if you have a gold IRA, since your assets will be properly protected.
Second, another benefit is that you can use gold to diversify your portfolio. Of course, this makes things safer in case of shocks to the economy, as we’ve already discussed. But the other reason that supports diversification is that it can result in higher overall returns, according to economists. These gains are compounded if you hold diversified assets in the long term. You will also look better in the eyes of investors, other business partners, and your bank; they will be more likely to trust you, because they’ll believe that you have a good grasp on how to manage your funds.
Another benefit to transferring your holdings to gold is that this precious metal tends to hold its value over time (see chart above); it is seen as a safe haven in times of economic turmoil. Rich people have been investing in it for years because of its high-paying, stable value. Moreover, this makes it efficient because cash and securities like stocks, bonds and mutual funds tend to spike up or down in value, depending on market conditions. Also, it has historically been — and continues to be — an efficient hedge when faced with the threat of inflation. All that being said, for all its stability, in times of economic prosperity, the value of gold can also increase, since people have a lot of faith in this precious metal.
If you look at the last 41 years from 1975 to 2016 you will see that gold value jumped from about 200 dollars to 1200 dollars, which is a 6 times increase.
How to Transfer Your Savings to Gold IRAs
You might be curious about how the gold IRA process works. Well, it’s a fairly simple mechanic to understand: you transfer your savings from mutual funds or other securities (or cash, as the case may be) into holdings of gold. Gold can be held in the form of coins and bars; these have been approved by the IRS. Normally, the gold is stored in a depository to increase security and safety. As time goes on, you can continue to add more gold to your IRA portfolio.
You can use a self-directed IRA to manage your gold holdings. With this type of account, you, as the owner, will have more control over the decisions regarding investment. You can hold many types of holdings other than gold, including precious metals and various types of securities, in this account as well.
Several different types of accounts can be used to rollover gold. Yes, you can do so with Traditional IRAs and Roth IRAs, but you can also do so with pension plans, certain annuities, Thrift Savings Plans, 403(b)s and, naturally, 401(k)s. Thus, this variety of options makes rolling over your gold another ideal choice.
Gold IRAs are not a unique type of investment; they’re merely IRAs that substitute IRAs for their investment assets. Thus, the rollover process works in the same way as in other retirement funds. Transfers are simple and straightforward: you fill out an application (they have both online and paper versions), and your account is established one or two days later. Thus, then the custodians of the two accounts will discuss together, and they will transfer your holdings from one account to the other.
Please keep in mind that this is not the same thing as merely transferring your holdings to gold; with a rollover, the money from your retirement account is deposited into an account in the form of gold. This account is watched over by a custodian, who deals with your holdings on a daily basis. Money may be rolled over once every year, so that your retirement savings maintain their tax-free status.
Another thing to keep in mind is that, because the gold IRA is not just a personal account, you cannot simply withdraw from the account before you hit retirement. If you do, you will have to pay a penalty.
Which Company Should You Choose?
If you’d like to rollover your IRA to gold, then you might be wondering which company can help you out in this endeavor. One answer to this question is Regal Assets. This company has delivered excellent services to its customers from 2003, for more than a decade, in other words. It has a 5-star rating with Trustlink.org and the Better Business Bureau, and it is one of the fastest-growing American companies that offers financial services to its clients. They have a lot of experience in the specific domain of gold IRAs. In fact, they have more experience than the vast majority of companies in this field, as it is a new field in the financial domain.
Its customer service representatives are very skilled, and they know exactly what they’re doing. They work fast and efficiently, so you can find solutions to your problems on the same day you ask the questions, and you will find an answer, because they know exactly how to solve every type of problem you might have.
Another reason to trust Regal Assets is that they make the process of rollover simple and straightforward, if not downright easy. Although this process can end up being complicated if handled by other companies, Regal Assets ensures that it is no problem at all, and they can transfer your assets in record time. Their flat fee is very competitive; it will cover any expenses you make in the first year that you have a gold IRA with Regal. Furthermore, their policies ensure that you can access your assets like gold, silver and platinum; this is a fast, record time.
Your funds will be safe and secure with Regal Assets. Because the company has been around for this long amount of time, you know that they will not be in danger of making mistakes with your funds, or of collapsing or going bankrupt. Moreover, small assets are delivered by insured mail, and Brinks (a depository and armored delivery service, complete with armed guards and a secure facility) will take care of larger assets.
Also, by creating a rolled-over gold IRA with Regal Assets, you will be able to maintain the tax-deferred status of your retirement account if you rollover your funds once a year. The company is also part of the BBB and Trustlink networks — it is a preferred member in the latter, as a matter of fact — so you know you’re getting excellent quality service when you sign up for an account with them.
Gold IRAs: A Great Option for Your Retirement
Not only are gold IRAs a great option if you want to provide stability to your retirement holdings and be prepared in case of shocks to the market, but they’re also a good way of diversifying your portfolio to provide for additional security and higher benefits. To maximize as much as you possibly can with a gold IRA, you must read up a lot on this topic, because there is a lot you need to know, as well as a lot you need to account for when you’re dealing with your holdings. As already stated above, one company that is excellent for this is Regal Assets. The company will help you take care of everything, and they will help you solve any problem you might have. They have many years of experience, they offer competitive rates, their services are secure, and they know precisely how to solve any problems you might have. So, if you’re looking to invest your retirement portfolio in a wiser way, such as by rolling over to gold — and this is something you definitely need to consider doing — then Regal Assets is a great choice for you. Good luck!