Transfer Your 401k to a Gold IRA and Take Your Retirement in Your Hands

  • A gold IRA is an Individual Retirement Account (IRA) that holds physical gold, as opposed to paper gold or mutual funds.
  • Gold IRAs are similar to other IRA accounts, with one key difference: a custodian holds physical gold on behalf of account holders.
  • When gold is purchased, the custodian stores it in a vault, and when an investor wants to sell, the custodian sells the gold on the investor's behalf, based on the market value of the gold.

A gold IRA is an Individual Retirement Account (IRA) that holds physical gold, as opposed to paper gold or mutual funds. Gold IRAs are similar to other IRA accounts, with one key difference: a custodian holds physical gold on behalf of account holders.
When gold is purchased, the custodian stores it in a vault, and when an investor wants to sell, the custodian sells the gold on the investor's behalf, based on the market value of the gold.



Free Gold IRA kit

What Is a Gold IRA?

A gold IRA is a type of retirement account that invests in physical gold. It is held, purchased, and managed by a gold custodian, typically a bank or insurance company, which oversees the account. The custodian will issue you a Gold IRA Kit that will contain the gold IRA contract.
Before investing in a Gold IRA, you should know that investing in gold is not without risk. Gold prices can fluctuate, and the value of your gold holdings can go down as well as up.

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Free Gold IRA kit

Why a Gold IRA?

With a Gold IRA, you can own physical gold bullion, without all of the complications of keeping and storing the gold yourself.
A Gold IRA is an account that stores physical gold bullion at a secure vault. Gold IRAs can either be self-directed or non-self-directed, depending on whether or not you want control over your retirement funds.

401k to gold ira rollover

What Can You Store in a Gold IRA?

Most gold IRAs, or precious metals IRAs, will accept gold, silver, platinum, palladium, and rhodium. However, many brokers will restrict you to certain forms or weights of precious metals in their precious metals IRA. For example, some will only accept bullion coins, such as American Gold Eagle coins or Canadian Maple Leaf coins.



Gold IRA: Should You Open One To Save For Retirement?

The Bottom Line

Gold and silver are precious metals that have always been used and valued by society. Although recent fluctuations in gold and silver prices have created some uncertainty, these precious metals will remain valuable and sought after. Gold and silver coins are one of the most straightforward ways to buy precious metals, and 401k accounts allow you to diversify your precious metals holdings.