Of the advantages you’ll enjoy when you rollover from your 401(k) into a Self-directed IRA, one of the most significant is choices. A Self-directed IRA offers you more investment choices. In addition to the stocks, bonds, mutual funds, and Certificate of Deposits (CDs) you’ll also have the important added choice of investing in precious metals.
Research precious metals and you’ll find many enthusiastic arguments for gold: Gold is a true hedge against inflation! Gold has a long history of protection and growth! Gold is a haven from falling currencies! While all of this may be true and make great arguments for rolling over your 401(k) into gold, it’s easy to overlook what a great value silver can also be. Silver is not the less expensive bald-headed stepchild of precious metals. Silver is also a haven and its outlook as an investment for the future is very strong.
First, what is a “rollover?”
A rollover from a 401(k) to a Self-directed Gold IRA is simply a process of moving money from one tax-advantaged account controlled by your employer to another tax-advantaged account controlled by you.
Why is this a good move for you?
First, the fees on a Self-directed IRA are much lower than the fees on a 401(k). With a self-directed account you’ll only be charged one flat low custodial charge for storage. There are no administrative or other overhead expenses. Second, with a Self-directed IRA you’ll have the investment option of precious metals. A 401(k) only gives you investment options that your employer or plan chooses.
Once the funds from your 401(k) have been deposited in an IRA, they can be used to buy gold or silver. RC Bullion makes rolling over an old retirement savings plan from a former employer easy for you. Our tax-deferred account can help you invest for growth or income.
While these facts present a compelling case for investing in silver, an even more compelling reason is its ability to hold value over time. Of all precious metals, silver is also the cheapest, easiest, and most liquid to buy.
With the constant eroding of the value of the dollar due to inflation and debasement and the continuing increase of government debt along with trillions of dollars of unfunded entitlements and military campaigns, the value of the dollar seems from all indications to be a losing proposition. Further proof of this has been demonstrated that in the last 100 plus years since the Central Bank has been established, the dollar has lost 95 percent of its value! The truth is, our fiat dollar doesn’t represent value but is entirely a faith-based system.
What’s the answer?
The government’s response so far has been to issue debt and spending that far outpaces the revenues it takes in. The result is the devaluation of the buying power of the government fiat currency so that the government doesn’t default on its promises and instead nominally pays them off in weaker devalued currency units. This is what is meant by debasement of the dollar. This is putting your retirement nest egg in peril.
With that kind of a past is there any reason to have faith in its future?
Although the price of precious metals is influenced by international trends, there is no way for central banks to influence the price of metals by printing more money or buying or selling government bonds to expand or constrict the money supply. Unlike money, silver isn’t subject to the misdeeds and mistakes of banks or governments.
How You Can Learn More
If you’re looking for the best hedge against financial uncertainties, there is only one portfolio item that will serve you in all seasons and under most circumstances – precious metals. Before you make your purchase make sure you do your homework and get the best information available.
You can begin by downloading a FREE mini-course that will help answer many of your questions about silver and gold investing and IRA. This course is full of valuable investment tips that could help you make the decisions that could save you thousands of dollars.
RC Bullion, LLC, 1500 Rosecrans Ave. Suite 500, Manhattan Beach, CA 90266
Risk Disclosures: Purchasing Precious Metals For Physical Delivery in bullion, bars, coins, proof coins, numismatic coins involve a degree of risk that should be carefully evaluated prior to investing any funds. RC Bullion LLC and its agents are not registered or licensed by any government agencies and are not financial advisors or tax advisors. Past performance is not an indicative of future results. Investors should do their due diligence before committing any money to purchase gold and other precious metals. If you have additional questions, please contact RC Bullion.