Whether you're a seasoned investor or you're just starting out, you have worked diligently to secure your financial future. However, there are various financial conditions that can affect the stability of your investments. Regardless of where you live, the U.S. or abroad, the economy can wreck havoc on your retirement income, pension plan and other financial investments. According to financial experts, an investor should have 20 percent of his/her portfolio in precious metals with the current economic climate.
If the weakening of the U.S. Dollar and the unpredictability of the stock market is having you wonder about the security of your financial future -- you're definitely not alone. More and more people have become concerned about their financial future. Don't let these frightening factors place your hard-earned money at risk.
Why Precious Metals?
Regardless of the time period in history, precious metals have always remained a hard asset - unlike stocks and many other investments. Unlike other investment options, precious metals, such as gold, silver, palladium and platinum are considered an excellent guard against value erosion. Regardless of whether an economy is experiencing inflation or financial instability, precious metals have stood the test of time.
Gold, silver, palladium, platinum and bullion have helped sustain people’s savings against the harmful effects against unpredictable market events. This is why precious metals are considered a sound investment. These valuable precious metals can serve the same function for your 401k and IRA.
Types of Precious Metals to Place in a 401k or IRA
A precious metal must be recognized by a national mint in order to have precious metals placed in a 401k or IRA. Below include the types of metals that qualify:
Gold. Gold bars from an assortment of qualified refiners, Austrian Philharmonic coins,Canadian Maple Leaf coins and American Eagle coins.
Silver. Silver bars from an array of qualified refiners, Austrian Philharmonic coins ,Canadian Maple Leaf coins and American Eagle coins.
Palladium. Canadian Maple Leaf coins and Palladium bars from various qualified refiners.
Platinum. Isle of Man Noble Coins, American Eagle coins, Canadian Maple Leaf coins and Platinum bars from qualified refiners.
How it Works?
All you have to do is move your IRA to precious metals by transferring your existing IRA to a qualified precious metals IRA custodian. You can also rollover your 401k as well. The next step would be to talk with a precious metals specialist.
Advantages of Placing Precious Metals in an IRA
Buying gold, bullion, silver, palladium and platinum allows you to diversify your traditional IRA or Roth IRA. Best of all, you can even transfer your existing IRA to a qualified precious metal IRA without accumulating fees or taxes. You can also take possession of bars, coins and sell them in the future or you can cash out on your metal holdings. The bottom line is, precious metals allows you to have a more flexible and balanced portfolio.
Do you want more information or have questions about investing in gold and silver? Feel free to contact me at email@example.com.