When is the Right Time to Rollover to a Gold IRA?

When is the Right Time to Rollover to a Gold IRA?

A Gold IRA is an individual retirement account that holds its value in physical gold bullion or coins. These accounts are sometimes referred to as Precious Metals IRAs, because silver, platinum, and other precious metals can also be added as investments. Since gold is the most commonly purchased metal, “Gold IRA” is an umbrella term that represents the whole precious metal IRA investment platform.

Benefits of a Gold IRA

Adding gold to your retirement account means adding a greater level of security to your future. Gold maintains its value over time, in contrast to paper currency, and can be used to hedge against inflation.  Gold also diversifies your portfolio away from the volatility of the usual stocks, bonds, and mutual funds.

Benefits of the Ultimate Gold IRA

There is more than one way to add gold and precious metals to an IRA, but only one that maximizes your retirement wealth and leaves you in control of your savings:

  • Gold ETP—A gold exchange traded product (ETP) is essentially a stock whose value correlates with current gold prices. The advantage is that the investor doesn’t have to pay to store actual gold bullions or coins. The disadvantages are the complexity of the contracts, and the fees for trading, management, storage, and insurance. Not to mention, you can’t lay claim to the actual gold.
  • IRAs with gold custodians—This is the most well-known platform, wherein a custodian provides the platform for your IRA to invest in gold and then stores the gold for you. This makes the process easy, but costs the investor a lot in markups and in fees for handling, maintenance, holding, and exiting.
  • Self-directed IRAs and gold—A self-directed IRA with Checkbook Control allows you to buy gold from the dealer of your choosing, invest for yourself by simply writing a check, and even take physical possession of the gold itself in certain circumstances, such as with American Eagle coins. This method cuts out complicated contracts and all of the custodian fees, and puts you in control of your retirement account.

The Ultimate Gold IRA from Broad Financial is a self-directed IRA platform with the Checkbook Control feature, that allows you to diversify and secure your retirement with precious metals. You get all the benefits of gold in your IRA, without all the hassle and extra payments.

When to Rollover to Gold

Any U.S. taxpayer qualifies for a self-directed IRA, so you can get started any time. If you want to rollover an employer-sponsored account, however, you may need to check with your current custodian. Many employer-sponsored 401(k)s, for example, cannot be rolled over while you are still working for that employer.

If your account is ineligible for a rollover, but you still want to invest in gold, you can open an Ultimate Gold IRA with a new investment. Call one of our specialists at (800) 395-5200 for more information.

How to Choose the Right Investment Firm

Moving your retirement funds should never be taken lightly, so make sure you’re using the best vendor available. In investments, reputation counts. Look at the Better Business Bureau’s profile for every vendor you consider. Make sure they are highly rated, and review any complaints against them for your own peace of mind.

Longevity is also an important consideration. New firms will often fight hard for your business, but working with a company that only has a year or two under its belt just isn’t the same as working with a company that has a decade or more of experience. Don’t compromise your retirement to help a new investment firm build their portfolio.

How to Get Started

When you call Broad Financial about a Gold IRA, one of our account specialists will assess your situation and help you decide if the self-directed platform is right for you. If you decide to move forward, you will receive a welcome packet with a few short forms to fill out. We will take care of the complicated paperwork and walk you through the entire process, from start to finish.

When you’re ready to get out of the ups and downs of Wall Street, and into the peace-of-mind of a long-term investment such as gold, call Broad Financial at (800) 395-5200, or contact one of our specialists online.

2016-01-11T11:50:52+00:00 January 11th, 2016|Financial News, How To|