The recent economy decline affected many Americans’ retirement savings, with some investors losing as much as 70% or even more of their 401K or IRA value. As stock market volatility continues to threaten many of these accounts, how can you take steps to ensure that your hard-earned savings will be there when you retire?
You may have heard that you can convert your IRA to gold or other precious metals, but maybe you want to find out why it might be a smart move for you? Well, here are the 10 reasons why converting your IRA to physical gold might be a wise decision.
Protection of your assets against stock market vulnerability
Retirement investments should be for the long-term, but unfortunately many people have seen their savings significantly devalued at least once over the last 10 years. Converting some of your assets to gold will help balance your account and potentially ensure its stability regardless of future stock market behavior.
A shield against inflation
Inflation is usually caused by the Federal government printing more money, effectively devaluing the dollar and the purchasing power of consumers. While dollar value drops, the value of gold often increases.
Safeguard your retirement from Washington politics
The political decisions of the Federal government can have devastating effects on the stock market – and there is no way of predicting how future decisions and actions could affect it. Rolling over your IRA to gold might help to safeguard your retirement savings against future swings of the stock market.
Diversification of your investment portfolio
The old saying, “Don’t keep all your eggs in one basket” still applies to your retirement portfolio. With a gold-backed IRA you have the flexibility to choose just how much of your retirement savings you want to invest in gold.
Variety of investment options to choose from
A gold-backed IRA brings you a variety of options to choose from for your investment, such as bullion or proof coins. You can diversify your portfolio even further and opt to invest in other precious metals as well – like silver, platinum and palladium.
The value of gold has been grown throughout the last decade despite several economic “dives”. This potential for growth represents a great opportunity to not only shield your retirement savings from an uncertain economy and volatile stock market, but also to reach your financial goals.
Gold IRA accounts are treated by the government like any other approved retirement account, meaning you get the exact same tax benefits when you place your assets in an IRA backed by investments in physical gold.
Give your IRA some TLC
Some retirement accounts lose their value due to neglect by their owners. Don’t procrastinate and take charge of your retirement and your financial future. Now is the time to talk to a gold IRA specialist and get your retirement back on the track to achieving your financial goals.
Preserve your lifestyle
Everyone has a long list of things they would like to do when they retire. When you roll over your IRA into gold, you not only protect your hard-earned savings from the stock market’s unpredictable behavior and other factors that are beyond your control, you also ensure that you and your family, can continue the lifestyle you are accustomed to today.
Converting IRA to gold is easy
Rolling over your IRA to physical gold is easy, and Birch Gold Group is there to help you get started. Their friendly precious metals advisors will answer any questions you might have and help you throughout the rollover process. Safeguarding your assets is just a mouse click away – click here to have a gold IRA specialist contact you today.