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You want your retirement fund to last, and the only way to do that is to ensure your investments are the best. Most people use paper-based IRAs, and they have served many people well. However, the various problems with paper-based IRAs are becoming more apparent, and many seniors are forced to take up part-time or full-time jobs to continue to support themselves. If you want your retirement to continue peacefully, then you need to consider a gold IRA and precious metal IRA. Safe Investment Interest
Problems with Paper IRAs
You might be wondering why paper IRAs are bad if so many people are choosing them. The problem with paper-based IRAs is that the investments rely on risky and volatile financial vehicles. Banks and financial advisors promise security, but the truth is that the stock market is known to wildly fluctuate. A single recession can come along and wipe out your entire retirement fund. Or, times can change and your investments might rapidly lose their value.
Benefits of Precious Metals IRAs
The much better choice is gold and precious metals for your IRA. While precious metals do fluctuate in price, like all other investment vehicles, the fluctuations are largely stable and rising. Gold, for example, has consistently increased in value for the last 10 years. All of the other major precious metals, such as silver and platinum, have followed the same curve.
This means that your retirement fund should increase throughout the years, and this should give you enough money to live on without having to resort to taking a new job.
Not only that, but precious metals have two main benefits that paper-based investments can’t imitate: limited quantities and evergreen uses. Paper-based investments aren’t really limited by anything. More stocks can be created, and the value of your individual stocks and investments can dramatically decrease in value. Also, some people have lost all of their money because they invested in niches that used to be exceedingly popular, but then rapidly died.
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There is only so much metal on the planet. This ensures that, even as more metal is found, that your investment will not lose value. The investment won’t be watered down because there will always be scarcity. Precious metals are also used for too many things to lose their value.
You can refer to any real-time spot gold pricing chart online that shows you exactly what I’m talking about. Just set the date for 10 years back, and see for yourself how reliable gold investments really are.
Gold is used for computer parts, platinum is used for certain car parts and silver is used for conductors and dentistry. Even if these uses go away, all precious metals are used for jewelry, and they have been used as currency for thousands of years. Compare that to paper-based investments, which have only been around for a few centuries.
Changing Your IRA
If you have an IRA set up by your employer, then you likely have a paper-based one. These are the default IRAs that financial firms create for employees, but it isn’t that difficult to change your IRA from paper to metal. It’s usually easier to change the IRA once you leave the job or retire, but you can make the change right now if you want.
Speak with your employer and get the name of the firm you are working with. Contact them and tell the financial advisor that you want to change your IRA from paper investments to precious metals, called a “gold IRA rollover”. The advisor will give you all the proper forms that you need to change your IRA.
If you have a 401k, you can also move that money into a gold IRA.
What Metals Can I Use?
Most IRAs limit the type of precious metals you can hold in your IRA because these are the most stable metals, and because they are the most valuable. You can typically hold gold, silver and platinum in your IRA, but they need to be of a certain quality.
Gold needs to be 24 karat, and the gold must have an approved refiner hallmark. However, the one exception to this is US Gold Eagle coins, which are 22 karat. Silver coins and bars are permissible if they are 99% fine or higher. Platinum, which is the most valuable metal in terms of per-ounce price, must be 90.9% fine or higher.
Consider a Gold IRA Rollover Now
You could wait until you change your IRA, but it’s best to do it now. Precious metals are only going to increase in value and price, and you need them now to get the most benefits for your gold IRA. If you want a comfortable retirement, then put some serious thought into a gold IRA rollover today.
Few people think about retirement because it’s a scary time. You don’t want to work anymore, but you also don’t want to worry about your financial situation. If you want the most stability in your later years, then it’s best to change your paper-based IRA to a precious metal one. Precious metals are more valuable, stable and they have evergreen uses. You need to take your retirement into your own hands by choosing the best gold IRA rollover for your future.
Nash Ryker is an “industry insider” to gold investing, and enjoys helping others profit wildly from gold and precious metals.
Don’t make any decisions about investing in gold or precious metals until you read our free Gold Investing Kit and learn the included need-to-know secrets from insider experts. To get free access to our Gold Investing Kit, just visit [http://investinpreciousmetals.org/Free-Gold-Kit]
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