Why a 401k to Gold IRA Rollover?

Each day increasingly more Americans are benefiting from a 401k to Gold IRA Rollover. A Gold IRA allows you to hedge your retirement plan portfolio with physical gold and other permitted precious metals.

You can also utilize this IRS authorized method with former 401Ks (previous employers) and existing Individual retirement accounts. If you own a Traditional, Roth, SEP, or Simple IRA account, this is ideal for you. Some other possibly eligible accounts are 401Ks, 403Bs, 457 Deferred Comp Plans, Pension Plans, Thrift saving Plans, TIAA CREFs, Non-prototype IRAs as well as Beneficiary IRAs.

Gold Individual retirement accounts are Self Directed Individual Retirement Accounts permitting individuals to possess physical precious metals, tax deferred. Having physical assets in your accounts is a terrific alternative to volatile bonds and stocks. You select exactly which precious metals to invest in, whether gold, silver, platinum or palladium and store them in an IRS authorized depository.

The procedure for including physical precious metals into your existing Individual Retirement Account is straight forward and not complicated. Plus you have the option to move your entire IRA holdings or only a some of it into your new Self-Directed Gold IRA.

Doing this is referred to as a Direct Transfer or Direct Rollover and is a tax free transaction. Your 401K accounts and additional suitable retirement plans from previous employers can also be rolled into a Gold IRA. Typically your finances from a former 401K could be moved into a Gold IRA conveniently and tax free.

Your initial option is a “transfer.” This is one thing you can perform at any time with your existing IRA, as long as the funds go directly from custodian to custodian. In a direct transfer, the money moves directly from 1 IRA custodian to the other.

This means the distribution check from the first IRA custodian must be made out to the trustee or custodian of the new IRA account that receives the money. Transfers may be effected as frequently as you want.

The other option is a “rollover.” A rollover occurs when “you” acquire the distribution coming out of your existing retirement account and then shift and deposit it in the new retirement plan custodial account. In this situation you would want to deposit the money into the new retirement plan account within sixty days.

In the event that the 60 day time period is surpassed, you might be liable for penalties and taxes on the money taken out. You may rollover the same funds typically once every twelve months to preserve the tax-deferred condition of your retirement savings.

The IRS restricts which precious meals can be held in your Self Directed Gold IRA to the following:

GOLD
• American Eagle coins
• Austrailian Kangaroo/Nugget coins
• Austrian Philharmonic
• Canadian Maple Leaf coins
• Credit Suisse gold – PAMP Suisse gold Bars .999
• U.S. Buffalo Gold Uncirculated coins (No Proofs)
• Bars and rounds as referenced below

SILVER
• American Eagle coins
• Australian Kookaburra coins
• Austrian Philharmonic coins
• Canadian Maple Leaf coins
• Mexican Libertad coins
• Bars and rounds as referenced below

PLATINUM
• American Eagle coins
• Australian Koala coins
• Canadian Maple Leaf coins
• Isle of Man Noble coins
• Bars and rounds as referenced below

PALLADIUM
• Bars and rounds as referenced below (2)

The minimum “finenesses” for bars are:
Gold .995+
Silver. 999+
Platinum .9995+
Palladium .9995+

Your choices at the end of your precious metals Individual Retirement Account duration are to perhaps cash your holdings out or to take possession of the physical metal. A precious metals IRA provides simultaneously flexibility and an outstanding technique to balance your accounts.

Your retirement account, 401K and stock funds for that matter are each at the mercy of market circumstances so whenever the market is up your retirement accounts will typically perform well. But the opposite is true likewise.

Recent economic circumstances have created concern for many and have increased interest in more secure options. Physical precious metals are tested safe havens in times of economic unpredictability. Wise individuals use gold and silver to safeguard their wealth in times of inflation and poor wall street performance.

Numerous cycles of “quantitative easing” have many economic experts anticipating inflation as the US Dollar is devalued. But while this is not good for the country, precious metal investors ought to benefit. This is because as the market value of the buck decreases because of inflation, the price of gold and silver rises.

Another scary scenario for anyone with major assets denominated in dollars is a dollar collapse.

“Since there appears to be no political solution in site it would benefit investors to take steps now to protect their portfolios from the de-crowning of the U.S. dollar as the world’s reserve currency.”
—Michael Pento is president of Pento Portfolio Strategies.

If you’d rather not be wiped out by “questionable” economic policy, you mus think about adding physical precious metals to your portfolio with a 401k to Gold IRA Rollover. Our top choice to facilitate your Gold IRA is Regal Assets.

/* ]]> */