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Thursday, January 30, 2014

Investing in a Precious Metals IRA

Like many Americans, you may be feeling leery of dabbling in the stock market. As the economy has fluctuated in the past decade, many people have lost their life’s savings, and those who lost it all were forced to start from scratch.

Silver coin on top of the gold barDue to volatility of the stock market since 2000, do you keep your money in savings accounts or CDs, even if they offer little in return? This "preservation method" may not be the best way to protect your hard-earned cash.

Based on your personal goals for retirement, it may make more sense for you to invest in a precious metals IRA. A precious metals IRA is an IRS-approved individual retirement account backed by precious metals like physical gold or silver. What attracts many investors to precious metals IRAs are their ability to safeguard savings while offering the same tax benefits that come with any other government-approved retirement account.

The First Step, Determine if a Precious Metals IRA is Right For You

The value of the dollar continues to go down, which endangers any of your savings that aren't keeping up with the pace of this decline. Some experts are concerned that as the Federal Reserve prints more money in an attempt to prop up the economy, the Fed is causing even greater damage to the value of the dollar.

Given current interest rates, holding your money in a traditional savings account probably won’t protect you from such risks like the declining value of the dollar. Investing in precious metals provides unique protection against the declining dollar and inflation for the simple reason that you can't easily print more gold and silver. In fact, when policies enacted by the Federal Reserve cause the dollar to decline, this further increases the relative value of precious metals.

An investment in a precious metals IRA can also protect from stock market fluctuations. So much instability continues to surround the world’s economy, and investors who rely heavily on paper assets may face tough times in the future. With a precious metals IRA, you can steer clear of stocks altogether, which makes many feel more secure about their financial future.

Choose when, where and how you invest. A precious metals IRA allows you to have flexibility and options. If you decide to transfer your retirement savings into a precious metals IRA, you don’t have to put all of your eggs in one basket. You can allocate your investments any way you would like, which allows you to invest in a wide variety of assets.

The rollover process is simple. If your retirement savings are invested in a 401k or IRA, your accounts may be eligible to be rolled into a precious metals IRA, which would allow you to retain the same tax benefits you currently receive. Best of all, in most cases there are no tax implications and no penalties for making the move. The process is easy, and Birch Gold Group can help you each step of the way.

Whether you are nearing retirement age, or new to investing, the financial moves you make today could be the difference to achieve a secure financial tomorrow. Protect your retirement today with a precious metals IRA.

Wednesday, January 8, 2014

All You Need To Know About Gold-Backed Roth IRAs

With so much instability in today’s stock market and uncertainty in the economy, many investors are choosing to protect their retirement savings with gold-backed IRAs.

Everyone’s retirement portfolio will be different, so depending on your particular circumstances and objectives it may be smart to change your eligible IRAs or 401ks to a gold-backed Roth IRA. This move allows you to benefit from the same tax advantages that are built into any government-approved retirement account, while also diversifying into a hard asset like gold.

If you have questions about gold-backed Roth IRAs, or how to add gold to an existing Roth IRA, Birch Gold Group can help teach you about it.

Seven Facts About Roth IRAs and Gold

      1. While a traditional IRA allows you to make tax deductions on contributions to your account, ultimately you will be taxed on withdrawals. A Roth IRA is great because it allows investors to make tax-free withdrawals from qualifying accounts.

      2. Each type of IRA has recognizable benefits, so it is a good idea to speak to a qualified tax professional about your choices.

      3. If you choose to change your eligible 401k or IRA into a gold-backed Roth IRA, your new account will be considered a self-directed Precious Metals Roth IRA. With a self-directed IRA, you can often choose among more asset classes.

      4. There are a few types of gold authorized to be placed in a gold-back Roth IRA, such as gold bullion and gold proof coins (like the Proof Gold American Eagle).

      5. Other precious metals (like silver, platinum and palladium) and other assets (like stocks, mutual funds and real estate) can be added to your gold-backed Roth IRA.

      6. For 2013 to 2014, after your transfer your funds into your gold-backed Roth IRA, you still may contribute up to $5,500 annually.

      7. Gold purchased for your Roth IRA stays protected in a qualified precious-metals depository or vault.

Industry experts like Birch Gold Group make opening a gold-backed Roth IRA simple. Whether you are transferring funds from other investment accounts or you are a new investor, Birch Gold Group will guide you every step of the way.

We have precious metal IRA specialists standing by to address your specific needs and investment goals. For more information about investing in gold, or to speak with a professional, contact us right away.