You’ve put in the work to fund your 401k or IRA backed by gold. Do not let the market ruin you! Precious Metals can be a great way to invest in precious metals. They are more volatile than mutual funds and equities, and will help you to diversify your retirement portfolio.
Gold is a high performance vehicle
Did you realize that the gold market outperformed the stock exchange by a ratio as high as 4 to 1 over the last 20 year? The stock market currently stands at an all-time high and the gold and silver markets are at their year-and-a-half lows. This means that you have a great opportunity to either sell one asset high or buy low with another. People are trying to gain as much exposure as possible to silver and gold due to their current bullish investment principles. You can convert your 401(k), retirement savings, account into a silver or gold 401(1)(k) and gain protection for gold and silver.
You can be sure that you won’t have too much exposure to paper assets the next time the dollar falls.
Can I use My 401(k), To Buy Gold Or Silver?
Your employer’s restrictions may limit your 401k investment options. Therefore, you will need to investigate what options you have. Generally, you can withdraw your 401k assets in order to buy silver or gold just as you would any other investment option.
Many experts actually compare today’s market conditions to 2009 when it was at its peak of 14,000. People were able to hold onto their stocks during that period, but six months later the stock markets went from 14,000 on up to 6,700. Many people saw their retirement accounts disappearing by half. It happened five-years ago, and history repeats itself so it’s possible it could happen again.
What Do You Need To Do
If your 401k comes from a company, or companies you no longer work for, you can roll those funds over into a Traditional IRA. Your 401(k), funds can be used to buy Gold and Silver once they are deposited in an IRA.
If you work for the same company as your 401k account, it might still be possible to release those funds for a rollover. This is known as an “in-service distribution” if it’s available. An “inservice distribution” is not a loan. It’s a distribution of funds which can be rolled (within 60 day) to a Self directed IRA without tax consequences. If this is the case, it would be a good idea to ask your current provider of 401ks if their plan allows for an intra-service distribution. If your provider allows for in-service distribution, they can help you navigate the process.
Why Your Advisor Won’t Recommend Silver
Rarely are institutions set up to manage the precious metals components of retirement plans. Financial advisors are licensed only to recommend securities that are traded publicly. They don’t have extensive training in this area. Some advisors may suggest precious metal Exchange Traded Funds. However, investing is not the same thing as investing in precious Metals. Precious metals have tangible assets. ETFs behave just like any other paper asset. They can be affected by the volatility of the stock markets, inflations, earnings of companies, and corporate fraud.