The current economic situation is raising red flags:
– upcoming tax increases
– stock market bubble – it has recovered from the lows of 2020 but is it sustainable?
– rapidly rising housing prices
– inflation increasing
If you’re like me you may feel that your financial security is at-risk or even threatened.
You know that gold is an excellent way to diversify your investment portfolio because its price increases in response to events that cause decline in the value of paper investments such as stocks, mutual funds, bonds and currencies.
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If you have decided to invest in a Precious Metals IRA in 2022 (or rollover an existing retirement account to a Gold IRA) your next step is to decide which Precious Metals IRA company to work with. This is not a decision to be taken lightly.
Rating: 9.8/10
Both of these prestigious companies, GoldCo and Augusta, are well-versed in working with affluent clients. If you want red-carpet treatment at competitive rates, stop here and reach out to these two companies first.
GoldCo
Rating: 9.7/10
From their 14 years of experience Goldco has acquired an A+ accreditation by the Better Business Bureau, AAA by Business Consumer Alliance and a five star review on TrustLink. In addition to the thousands of glowing customer reviews, they offer competitive fees and have a generous buyback program.
Rating: 9.3/10
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A gold IRA rollover is when another type of existing retirement account such as a 401(k) or 403(b) is used to fund an IRA that allows for the purchase of gold within the IRA.
The Gold IRA was created by the Taxpayer Relief Act of 1997. It has become a very popular way to diversify a retirement portfolio. The same reporting and distribution requirements apply to a Gold based IRA account, as to a traditional IRA account. Gold IRAs can be started from scratch with contributions or they can be initiated with funds rolled over from an existing IRA account.
To roll your 401(k) into gold you will need to with a gold IRA company. Paperwork will need to be filled out in order to complete a rollover from a 401(k) or other existing qualifying retirement fund. The 401(k) is first sent to a self-directed IRA and then the money is used to buy gold for a gold IRA.
A gold IRA is similar to a regular IRA except that the underlying asset is gold, or other precious metals rather than stocks or other traditional types of investment assets. This means that the return on a gold IRA is linked to the return on gold (precious metals). Investment risk is closely linked to market volatility. Stocks are one of the most volatile types of investment assets and are therefore considered to be highly risky. While gold also has a level of volatility, it is considered to be a relatively safe investment haven because it is an effective hedge against inflation. In fact, whenever the stock market gets extremely volatile, many investors allocate a larger portion of their investment portfolios to gold. Gold tends to hold its value during periods of high volatility as happened during the 2008/2009 market crash. This is one reason why many investors believe that a gold IRA rollover is a safe investment. Gold is considered an effective hedge against inflation especially during times of financial or political crisis. This is because the value of gold cannot be manipulated by monetary policies or other government regulations. Other fiat currencies upon which paper investments are based, can and usually are manipulated by the government in order to achieve certain economic objectives. The fact that gold tends to preserve wealth or to hedge against the loss of value, makes it an attractive retirement asset option. The whole goal of retirement investing is to not only maximize investment returns, but also to preserve the invested capital. As a retirement investment option, a gold IRA rollover is therefore considered an excellent choice. While it will not necessarily give the highest rate of return, it is considered to be one of the best ways to preserve the value of retirement assets.
While we can help by narrowing the choice of a gold IRA company down to a few select companies, choosing the best gold IRA company is a personal choice. Contact the top companies shown on this website so you can get to know them personally and select the best fit for you. It’s your future and retirement on the line so go ahead and request your free kits today.