The Gold IRA Rollover Guide For Smart Investors
- Why Now Is A Good Time To Invest In Gold
- What Is A Precious Metals IRA?
- The All-Weather Retirement Portfolio
- Why Is Gold A Safe Strategy For Retirement?
- What Precious Metals Can I Store In My Gold IRA?
- How To Choose The Best Gold IRA Company
- Factors To Consider When Choosing An IRA Company
- Getting Started With A Gold IRA Rollover
- Frequently Asked Questions (FAQ)
- Our Top Recommendation
Why Now Is A Good Time To Invest In Gold
In the old days, in many different places, grains, beads, shells and even livestock was used as the currency of the world. Currency is a symbol of real money and represents a store of value for people who use it to exchange goods and services with other people.
With the absence of paper money or the US dollar, GOLD would remain to be real money. Since Gold officially went off of the gold standard in 1971, it has since been considered its own asset in its own right. Why does gold still have value? Well, if you let’s say, pull out a $100 bill from your pocket, would you imagine that the paper money costs $100 ? Not a chance! However, a 10 oz bar of gold from the 1600s still holds 10 oz worth of value in 2020. Gold stands the true test of time and is a worthwhile investment.
The Gold Standard
Gold gave the US dollar solidity when it was backed-up by it before. But when the gold standard was scrapped, that was the beginning of the dollar depreciating to where it is right now. (There’s still hope though.)
One of the top reasons why the dollar is losing value is inflation. The government decided to completely remove the US dollar from gold, which was its robust protection against market instability. The expenditures and national debt continue to force the government to print more paper money to stay afloat. You paid for this in your inflation and interest rate (Significantly reducing the dollar purchasing power). Your $100 today could soon be equal to $40.00 or even less if this trend continues.
As the dollar depreciates, that same value is really NOT LOST but MOVED to another asset such as gold.
Why Invest In Gold Now?
Better be ready, because the world is about to witness another grand precious metals boom!
According to several financial analysts, billionaires, and sophisticated investors, gold, could easily reach up to $5,000 an ounce! Doubt this but be sure to perform your due diligence if there is any truth to it.
Make sure you start your investigation with the abolishment of the gold standard, the size of the US government and other governments around the world, inflation, interest rate, etc. Look closely at the relationship between these statistics and the depreciation of the US dollar’s purchasing power. Gold has performed well when compared with other commodities and precious metals.
What Is A Precious Metals IRA?
Similarly, a Precious Metals IRA may have certain tax advantages and can include gold, silver, platinum, palladium and other types of precious metals including gems. If you already own a large sum of physical gold, it is effortless to convert it into a secure retirement account such as a Gold IRA and protect your investment. This is important especially if the setup charges are very low and the process is simplified. Most people are not aware that it is legal to own more than one account with IRA, so they end up missing out on further investment opportunities.
With today’s state of the economy, improbability in future forecasting, market fluctuations, and considerable drops in the values of various retirement accounts is the main reason why individuals worldwide are rushing to investments in precious metals and cryptocurrencies to safeguard their retirement assets. Historically, precious metals including gold have weathered economic downturns better than other similar investment options and traditional stocks. Anyone with a retirement account facing high risk could undoubtedly benefit from a rollover into precious metals, but again this is a decision that needs proper consideration and rigorous research before taking the plunge.
The All-Weather Retirement Portfolio
Many people have chosen a gold-backed IRA as a fallback measure just to safeguard their investment portfolios. Unlike most other investments which may be affected negatively by inflation especially through the printing of more paper currency, precious metals works as a hedge against inflation. Well, this is due to one reason; no one can print precious metals! Since the supply of gold is limited (just like bitcoin), it maintains its value regardless of the overall performance of the economy. Furthermore, these types of independent alternative asset IRAs are less vulnerable to downturns in the market.
For those interested in a Gold IRA rollover, the steps are straightforward. Firstly, if you want to have a Roth IRA, for instance, confirm with an existing investment management company to find out if they offer rollovers into precious metal investments. If they do, then carry out some research on the investment company to see their level of experience that in independent IRAs of this kind. If you come across a company that does not offer gold-backed IRA options, always consider changing the investment portfolio to a company that is better equipped or qualified to handle those kinds of investment options. This is commonly referred to as a transfer rollover because the assets are transferred to a new company, but a notable share of the legwork is usually done by the new company directly by contacting the old company. Those located in FinTech friendly jurisdictions such as the United Arab Emirates will have an easier time finding a reputable precious metal or cryptocurrency dealer.
Always remember that a general rollover is typically required to be disclosed and reported to the Internal Revenue Service while transfer rollovers are more flexible and can quickly fly under the radar. Furthermore, such transfer rollovers can quickly close within sixty days, and concerning difficulty and time, they are often entirely trouble-free for the investor.
Why Is Gold A Safe Strategy For Retirement?
You have to agree that the strength of the U. S dollar has increasingly been of concern, and if the value of the dollar was to depreciate completely investors would not be prepared. No one can now only rely on paper money; as a matter of fact, the dollar is now valued at 90% less than what it used to be. The value of the dollar has plummeted as a result of the dollar being taken off of the gold standard in 1971. Over the last few years of the economic downturn, many people have made some sober realizations including, not being able to rely on the real estate, stock market, social security and many more. But the most critical question is, if we cannot rely on the dollar, then what precisely is the dependable alternative investment?
Well, to be honest, Gold is the answer. If you are an avid investor, then you must have realized that the value of gold has continued to go up, and has held value for several thousands of years. You may think we are only talking about purchasing gold for investment purposes, but no! We are also talking about using gold as an insurance vehicle against any financial crisis, such as a stock market crash. A Gold IRA is one of the most popular retirement vehicles for long-term ownership of precious metals. To safeguard your financial future, take a closer look at making a 401k transfer to a physical Gold IRA rollover investment.
The traditional IRA & 401K is at significant risk because of the current economic downturn; so diversification is important and one way to do so is by rolling over an ordinary IRA or 401k into a physical gold backed IRA. Get in touch with a trustworthy company that can assist you with establishing a secure retirement account efficiently and effectively.
What Precious Metals Can I Store In My Gold IRA?
Before 1997, the law only allowed American Silver and Gold Eagles within a Gold IRA. But the approval of the Tax Payer Relief Act of 1997 permitted diversification of a gold 401k among several other precious metals. Today, the placement of platinum, gold bullion coins, and bars, palladium and silver bullion coins, and bars in Gold IRA portfolios is permitted.
The most common IRA gold investment is the American Eagle Gold bullion coin. This coin was introduced to America in the early 1986 and was specially designed to compete with the Canadian Maple Leaf, also allowable in a gold 401K. The American Buffalo, Austrian Philharmonic, and Australian Kangaroo gold coins are also acceptable investments.
Restricted IRA gold investments include the Mexican 50 Peso gold bullion coin, and also rare coins such as the Saint Gaudens, Liberty Head, British Sovereign and Swiss Franc, just to mention but a few.
How To Choose The Best Gold IRA Company
We all must admit that when purchasing gold, an IRA company is of immense significance to you. The company acts as your guardian and is responsible for numerous things including:
- Buying gold that is IRS-approved on your behalf
- Setting up your independent IRA
- Making sure your gold is safe and secure
- Rolling over your current IRA into a Gold IRA without tax penalties
Because of the value of an IRA company for retirement, it is wise to research and single out the best company in your region. Well, a good investment company should be able to do the following things:
- Rolling your current IRA to a new precious metals IRA
- Offering a standard fee for your account
- Investing your money in several other precious metals and cryptoassets
- Monitor the market conditions for gold and other precious metals that you’ve invested in
- Offering a good guarantee and deliver policies
- Offer advice to its clients
- Providing a safe storage facility for your gold
Factors To Consider When Choosing An IRA Company
Before you settle for an IRA Company, you have to consider the following factors which include:
Insurance: working with a company that has the FDIC insurance is very important because this means the company is secured and you are sure of getting your investment back if in any case, a calamity befalls the company
License: the law requires all IRA custodians to be correctly licensed by the IRS (Internal Revenue Service); so, you have to ensure that the company you want to work with has the necessary license.
Online reviews: a lot of people write about their personal experiences with a specific company online, so if you are looking for a company with an excellent reputation then it is essential you visit online review sites.
If in any case, you find no reviews, the chances are that the company is new and is therefore not a good option. But if there are reviews, make sure they’re positive. One of the best sites that you should visit is regalassets.com.
Getting Started With A Gold IRA Rollover
By starting a Gold IRA Rollover, you are acquiring gold in your portfolio. You’re not only making gold a part of it but also ensuring that your hard-earned money is safe and secure. You are merely hitting two birds with one stone, cashing in because of gold and protecting your money with gold.
The Simple Three Step Gold IRA Rollover Process:
- Buy Gold that is legitimate and approved by the IRS.
- Set up an independent IRA account. This account is supposed to be set up by a custodian.
- The purchased Gold is safely stored in a protected Depository and Vault.
Don’t be left behind. Join the bandwagon. Gold is more or less like wealth insurance. Don’t allow yourself to lose the purchasing power. The Fed prints more dollars every day which means that the dollars you are struggling to save are not valuable. The only protection you will have against inflation are assets like cryptocurrencies, Silver, and Gold.
REMEMBER: If you are investing more than $10,000, Regal Assets will cover the setup fees and storage charges for the full first year, saving you upwards of $300 compared to what you would have had to pay elsewhere.
Regal Assets Company Information:
Address: 200 West Highway 6, 4th Floor Waco, TX 76712
Country: United States
Free Gold Kit: www.regalassets.com/freegoldkit
Cryptocurrency Investors: www.regalcryptos.com
Years in Business: 7 Years
Regal Assets is a proud member of the BBB and BCA and holds the highest rating a company can obtain from the BBB and BCA. Regal Assets has been a featured member of the BCA due to their high level of customer service. With a 5 star out of 5-star customer service review and over 711 reviews, Regal Assets has earned a preferred membership status with TrustLink. Inc. Magazine has ranked Regal Assets No. 20 in the United States for financial services landing Regal Assets on the Inc. Magazine 500 List, an exclusive ranking of the nation’s fastest-growing private companies. As an industry leader, Regal Assets has attracted the support and business of prominent figures and celebrities including Alan Thicke, Dennis Miller, Laura Ingraham, Jerry Doyle, Lars Larson, and Alan Colmes. Regal Assets has been featured in Smart Money, Forbes, Market Watch, Reuters, The Street, And the Hollywood Reporter.
Disclosure: The owners of this website may be paid for sales or leads generated from recommendations or links to various investment opportunities. We strongly recommend seeking the advice of your financial adviser before making any investment.
“I view gold as a currency, not a commodity. It’s importance as a currency will continue to increase as the major central banks around the world continue to print money.” – John Paulson
Frequently Asked Questions (FAQ)
Yes, you can invest your retirement account into precious metals through a self-directed IRA account or rollover from your existing IRA, Roth IRA or 401k into a Gold IRA.
Using your existing IRA, it is possible to move your funds through the use of a rollover into a Gold IRA or related precious metals retirement account. If the process is unclear, you may call your preferred custodian to see if your current IRA can be rolled over into your chosen type.
Eligible retirement accounts that can be used to invest in cryptocurrency include:
- Roth IRA
- Traditional IRA
- SEP IRA
- SIMPLE IRA
- Pension plans
- Various annuity plans
- TSP (Thrift Savings Plans)
A Gold IRA is a type of Individual Retirement Account (IRA) that allows the investor to own physical gold, silver, platinum, palladium and other hard precious metals, instead of the typical assets that regular IRAs are limited to. These accounts are typically called "self-directed" or "alternative asset" individual retirement accounts (IRAs).
Specifically, a Gold IRA rollover is the process of moving over funds from a 401k or employer-sponsored IRA into a specific type of Precious Metals IRA that supports tax-advantaged precious metals investments in the form of bullion, bars, coins, and jewelry. One can roll over any type of eligible retirement account into a Gold IRA including:
- Roth IRA
- Traditional IRA
- SEP IRA
- SIMPLE IRA
- Pension plans
- Various annuity plans
- TSP (Thrift Savings Plans)
Minimum investment amounts for IRA accounts range from $5,000 to $10,000. Fees will range based on how much you have to invest and the company you decide to invest with.
A rollover gives investors a wide range of investment options for precious metals and minimizes the risk level of assets including cash, stocks, bonds, CDs, ETFs, and mutual funds which largely depend on the value of the dollar.
A Bitcoin IRA Rollover is another popular option which investors are looking at for holding crypto assets within a secure blockchain backed retirement account.
Within a Gold IRA investors have the options of purchasing and storing the following precious metals:
Between these precious metals, you typically have the option of choosing between coins and bullion bars. Gold is the most commonly purchased out of the four.
Historically, Gold is one of the oldest precious metals known to mankind and has been used as a store of value for thousands of years. Gold and metal smithing are largely responsible for the invention of coinage, which has been used by King Croesus of Lydia, the Greeks, Romans and countless civilizations as fair currency. Read more about the history of Gold here.
In modern times, Gold is an intrinsically low-risk asset and holds value during times of economic turbulence and financial crisis. Gold has been used as a dependable hedge against the dollar ever since the United Stated moved away from the Bretton Woods system. Aside from having value as an investment, Gold is also used as jewelry, art, silverware, coinage, and within satellites and computer chips. Investors often prefer Gold as a long-term hedge against inflation to diversify their portfolio.
In recent times, Gold is an alternative asset held by investors within bullion vaults and dependable IRAs.
Gold is considered to be a safe haven in times of political or economic uncertainty. As an asset which is thousands of years old, with all of the uncertainty surrounding the value of the dollar, Gold is now a dependable asset which will hold value against systemic risk.
A Roth IRA is a tax-advantaged account which gives the investor the ability to tax their investment during the time of purchase so that the entire Roth IRA account is tax-free for withdrawals and liquidation.
Individual Retirement Accounts (IRAs) are extremely valuable for retirement investors, and you can do your part to make them as safe as possible. Although Gold and other precious metals do not pay dividends, a Gold IRA is considered a tax-friendly low-risk investment vehicle. Any dependable security held in an IRA such as cash, stocks, bonds, can be converted into gold coins and bullion with a rollover.
One can not completely eliminate risk, however, through proper research and a thorough understanding of investing and precious metals, it is possible to reach the financial goals you set for yourself. Like any other asset, timing the market is crucial for achieving a good long-term return.
If you have a 401k plan the majority do not allow individuals to directly invest in gold such as purchasing gold bullion or gold coins.
Most individuals will need to roll over their existing 401k, Roth IRA, or IRA into a Gold IRA if they want to have physical gold in their IRA. Investors will have the option of owning physical gold, silver, platinum, and palladium in their IRA accounts.
Depending on which IRA custodian you choose, your gold will be held in a weatherproof safe and stored in a secure location. Your custodian will have more information on how they secure your precious metals securely.
With Regal Assets, your gold and silver bullion is stored in a private and secure facility monitored 24 hours a day, 7 days a week, 365 days a year. Regal Assets provides segregated vault storage with a private, fully insured third-party custodian.
You have two storage options between North America and Singapore. If you are purchasing precious metals outside of a retirement account, Regal offers a wide selection of metals storage options through Brink’s.
Read more: https://www.regalassets.com/storage/?id=6758
Gold will never lose all of its value as the element has intrinsic value for humans and animals alike. Gold has uses in machinery, jewelry, art, antiques, silverware, and computers.
A well-diversified investment portfolio typically contains gold as it is a dependable alternative asset which responds to stocks and bonds. The precious metal will hold value in most all-weather scenarios.
Gold is a precious metal, which is classified by the IRS as a collectible, like art, antiques, rugs, gems, and cryptocurrencies. As a result, your investment in precious metals will be taxed.
If you have a Gold Roth IRA, you might not have to pay taxes upon withdrawal or liquidation.
If you invest your IRA in collectibles, the amount invested is considered distributed in the year invested and you may have to pay a 10% additional tax on early distributions.
Investors who want to be in physical possession of the Gold within their IRA can request to have their metals shipped to them. This makes it easy and efficient for investors to take physical delivery of their vault storage holdings from any part of the globe.
It is important to note that gold & silver storage fees are lower than fees for ETF management.