How to Transfer Ira to Gold

How to Transfer Your Traditional IRA to Gold and Eight Reasons Why You Should Do It Today!

You’re a smart investor, right?

You’ve worked hard and planned for your future by saving for your retirement. You own some stocks and other holdings. Perhaps you’ve made the decision to own an IRA because of the tax advantages it allows.

You probably also know that IRAs come in several different types. Different accounts have different rules regarding how the money can be withdrawn and the limits on yearly contributions and other factors. You know that you can add IRAs to your investment portfolio along with your existing 401(k)s.

What’s a Transfer?

An IRA transfer is when you move funds between the same types of accounts, such as from a Traditional IRA to another Traditional IRA or from a Traditional IRA to a Self-directed IRA, between two different custodians. Your custodian would be your financial institution, such as a bank or a brokerage, which is entrusted with the responsibility of safeguarding the assets of your IRA.

What’s a Self-directed IRA?

Unlike Managed IRAs, with Self-directed IRAs you have more choices over a broader range of alternative investments. You the investor are allowed more control over where your money goes. As the holder of the account, you make the investment decisions and not some self-interested trustee or custodian. Among your investment choices are precious metals and gold.

Within a Self-directed you can purchase gold without facing any penalties or taxes because the funds are simply transferred from one account to another without taking a distribution. The only requirement is that the gold meets certain purity and refinement standards. A Self-directed IRA not only gives you the flexibility to invest your money as you choose, it also ensures that you can always be aware of where your money is and how it is being invested.

Why Would You Need to Transfer an Account? Can’t You Just Set-up One Central IRA?

• The problem is that nowadays most Americans shift jobs.
• The typical American will have a least nine different jobs in their lifetime.
• How many jobs will you have before you retire?
• Gold can only be purchased in a Self-directed account – a transfer is required to move the funds from the Managed IRA to a Self-directed account.

Having multiple jobs creates a situation where each employer has their own retirement program (that is, if you’re lucky) that you can contribute to. These are your personal IRAs that you can then have your employer contribute a matching amount. If you move from job to job, you need a mechanism to pool all your accumulated assets and funds from all of these IRAs or 401(k)s that you have started over the years.

Why Gold?

How about eight reasons?

1. A History of Holding Its Value: Gold has maintained its value for 6,000 years, unlike currency or other paper assets. It’s a great way to preserve wealth from one generation to another.
2. A Hedge Against Falling Currency: When the dollar falls, investors run to the security of gold and this in turn raises gold prices.
3. Inflation: Historically, gold has been a hedge against inflation because its price tends to rise when the cost of living increases.
4. Deflation: A period in which prices decrease, gold has historically soared while other prices dropped sharply.
5. Geopolitical Uncertainty: During uncertain times when confidence in governments is low, investors look to gold for stability for their money and the price often rises.
6. Limited Supply: Production of new mines has declined and the selling of gold by central banks has also slowed greatly. Even if mine production were to suddenly increase, it can take 5 to 10 years to bring a new mine into production.
7. Increasing Demand: As global wealth increases, so does demand for gold. This is especially true with the emerging economies of India and China. Also, interest in gold is growing among investors.
8. Portfolio Diversification: History has shown that gold can be the ultimate choice for this purpose as its price tends to move in the opposite direction of currencies, stocks, and other financial instruments.

Learn More about Investing in Gold:

Don’t wait to protect yourself against financial uncertainties. If your portfolio is missing the one thing that can provider a hedge and serve you in all seasons and under most circumstances – gold and silver, the you need to act now!

Transferring a portion of your IRA to gold can help to protect your retirement from the highly fluctuating stock market. But before you do anything with your money make sure to 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 gold and silver investing and coins.

Full of important money saving investment tips, this guide has helped teach many of our clients to invest like experts. If you’d like to save precious time and possibly thousands of dollars, you need to read this today!