What is a Gold IRA?
A Gold IRA is an IRS-approved retirement account that functions in the same way as any regular IRA.
Unlike conventional retirement accounts such as IRA and 401(k) accounts that limit your options in standard paper-based assets such stocks, mutual funds and bonds, a Gold IRA allows you the added benefit of investing in physical Gold coins and bars and other IRS approved silver, platinum and palladium metals.
Benefits of a Gold IRA
By investing in a Gold IRA, you will diversify your retirement portfolio on a tax-deferred basis and maintain the tax preferential treatment. This means that transferring or rolling over a portion of your existing IRA account into a Gold IRA will not trigger any tax implications. Also, by opening a Gold IRA you can take advantage of an annual contribution of $6,000 if you are below 50 years old and $7,000 if you are above 50 years old. A trusted Gold IRA Company can help you navigate regulatory requirements, avoid tax pitfalls, and diversify with physical precious metals to stabilize your retirement portfolio.
3 reasons to invest in a Gold IRA:
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True Portfolio Diversification
Investing a portion of your retirement in physical gold and precious metals diversifies your portfolio in an alternative uncorrelated asset that has a proven record of protecting your funds especially when markets, governments, and currencies falter. Wall Street’s investment vehicles are all paper-based, from stocks to bonds. Physical gold and precious metals provide an added layer of diversification.
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Hedge Against Inflation and Deflation
Over time, inflation erodes your investments. Gold provides a hedge against both inflation and deflation and immune your portfolio from the effects of inflation.
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Profit Opportunity:
Historical performance of gold shows that over the long run, precious metals have great profit potential. Case in point, in 2000, Gold was approximately $200 an ounce. Gold finished 2022 above $1,800 an ounce – resulting in a 6X return on investment.
Gold is a store of wealth and has a long history of achieving that purpose. Historical data shows that gold climbs in value through the years, even when economic times are tough, making it a valued addition to any well-rounded retirement portfolio. Financial experts use gold and precious metals as a hedge against inflation and deflation, dollar devaluation, and evolving negative economic and political environment.
Diversify and Preserve Your Assets with a Precious Metals IRA
Taking back control of your retirement savings is made easy. By opening a self-directed IRA with a Gold IRA company, you will be empowered to make your own investment decisions and choose IRS approved coins, bullion, and bars to invest in and carries the weight and security of real tangible assets.
Whether you’re looking to move existing employer-sponsored 401(k) accounts to more secure options or rollover portion of your existing traditional, Roth, or other types of IRA accounts into a Gold IRA, a Gold IRA company can help you navigate regulatory requirements, avoid tax pitfalls and diversify with physical precious metals that can help stabilize your retirement portfolio.