Discover the Benefits and Risks of Using a Hartford Gold Group IRA

  • The Hartford Gold Group (HGT) offers four types of IRAs, as well as annuities, insurance policies, and mutual funds.
  • The firm's products are targeted at the middle-class market. HGT's IRA options include traditional and Roth IRAs and a SEP IRA.
  • Traditional IRAs offer tax deferral and tax-free growth, while Roth IRAs offer tax-free growth and no tax deferral.
  • T's SEP IRA is for businesses with 100 or fewer employees, and it offers both traditional and Roth options.

The Hartford Gold Group (HGT), historically known as a life insurance company, now offers traditional and Roth IRAs, along with insurance products and annuities. The firm's main focus is affordable insurance and investment products for individuals, families, and small businesses.

Gold IRAs

The Hartford Gold Group allows clients to transfer an existing IRA or roll a new IRA or 401(k) into a precious metals IRA.
Gold Bullion
Gold bullion is identifiable by its weight, which is typically standardized in troy ounces. These precious metals are grouped according to prices, which fluctuate based on supply and demand factors.
Gold Coins
Gold coins are minted with legal tender, and the gold content is typically guaranteed by a government. They are typically mass-produced, making them a less expensive investment.
Silver Bullion
Silver bullion is identifiable by its weight, which is typically standardized in troy ounces. These precious metals are grouped according to prices, which fluctuate based on supply and demand factors.
Silver Coins
Silver coins are minted with legal tender, and the gold content is typically guaranteed by a government. They are typically mass-produced, making them a less expensive investment.

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While precious metals IRAs offer many advantages, such as tax-deferred growth, a Hartford Gold Group representative can discuss the risks associated with these types of IRAs, including:
Loss or theft

The risk of loss due to theft or bankruptcy of a trustee, custodian, or dealer, or custodian's or trustee's failure to operate with due skill, care and diligence.

The risk of loss due to theft or fraud.

The risk of loss due to errors in record-keeping.



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IRA Rollovers

A Hartford Gold Group IRA allows you to roll over an existing 401(k) or 403(b) plan into an IRA without paying a 10% penalty.
Investment Options
A Hartford Gold Group IRA provides you with a wide variety of investment options, including bullion, precious metal coins, and bars. You can also choose from more than 10,000 different stocks and bonds.
Other features
A Hartford Gold Group IRA can also provide you with access to other valuable benefits, including:

* Access to live, online account management.
* A wide selection of tax-advantaged investment products.
* A wide network of branch offices.
* Financial planning and investment advice.
* Personalized service.
* Low fees.

Transferring a Traditional IRA

If you've already saved for retirement in a traditional IRA, it may be tempting to simply transfer it into your Hartford Gold Group IRA. In fact, this is probably the easiest option. But be aware that, depending on your situation, there may be tax penalties if you move money out of a traditional IRA before you're 591⁄2.
Using an IRA rollover, you can move money from another IRA custodian into your Hartford Gold Group account. You can even move money from a Traditional IRA into a Roth IRA.
Transferring a 401(k)
Transferring a 401(k) is another option. If you're happy with your current 401(k) plan, there's no real reason to move your money. However, there are benefits to moving your money into a Hartford Gold Group IRA.
Hartford Gold Group offers a range of gold investment options. Plus, the company holds more than $1 billion in physical gold, more than any other IRA custodian.

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Transferring a Roth IRA

You can transfer a Roth IRA from any company, but the process is different for each distribution method, so it's important to understand the specific requirements before initiating the process.
Rollover IRA
If you're moving money from an existing IRA or plan into a Hartford Gold Group IRA, you can use the rollover IRA method. With this method, you have 60 days to complete the transfer. Otherwise, you must start over with the rollover process.
Direct Transfer
A direct transfer is a transaction that's completed between accounts. You can initiate this transfer by contacting the IRA provider. The provider will need the name of the custodian you want to move to, your account number, and your Social Security number.



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

The Bottom Line

Although gold IRAs have been around since the 1930s, the industry is young, and not all companies offer the same products. When evaluating options, look for the following:
A custodian that will guarantee the security of your assets

A company that understands how gold IRAs work

A company that you can trust