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.
Potential for growth
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.
Tax benefits
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.
