New Buys Of Top-Performing Stock Funds For Past Three Months How to Convert a 401(K) to a Gold IRA: Don’t Get Left Unprotected in the Next Market Crash

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How to Convert a 401(K) to a Gold IRA: Don’t Get Left Unprotected in the Next Market Crash

You worked hard to put away the dollars for your 401(k). Don’t leave yourself exposed for the next market disaster! Because gold and silver tends to move counter to equities and mutual funds generally offered by company plans, precious metals can be an excellent investment to help ensure a balanced and diversified way to protect your retirement portfolio.

Gold Is a High Performance Vehicle

Did you know that in the last 20 years the gold market has outperformed the stock market by a ratio of 4 to 1? Right now the stock market is at an all time high while gold and silver are at year and a half lows. This means there is a tremendous opportunity to sell high with one asset and to buy low with another. With gold and silver’s current bullish investment fundamentals, many people are trying to get as much exposure to these two precious metals as possible and you should too. If you have a 401(k) retirement savings account, converting it to a gold 401(k) or silver 401(k) could be one of the easiest ways to gain the protection of gold and silver with no cash out of pocket!

You can be certain that the next time the dollar drops you won’t want to be left holding too much exposure in paper assets!

Can I Use My 401(k) to Buy Gold or Silver?

Your 401(k) investment options are subject to the restrictions of your employer’s plan so you’ll need to look into what options are available to you. Usually, you can cash out your 401(k) assets to buy gold or silver just as you would to any other investment option in your 401(k).

In fact, many experts are comparing the conditions today back to the conditions in 2009 when the stock market was at a high of 14,000 points. At that time many people held onto their stocks and six months later the stock market went from 14,000 to 6,700 with many people losing over half of their retirement accounts. It happened five years ago – and as we all know history tends to repeat itself – it could happen again.

What You Need to Do

If your 401(k) is from a company or companies for whom you no longer work, then you can roll over those funds into a Traditional IRA. Once your 401(k) funds have been deposited in an IRA, they can be utilized to buy Gold or Silver.

If you still work for the company that hosts your 401(k) account, it may still be possible to free up those funds for a rollover. This option, if available, is called an “in-service distribution. ” The great thing about an “in-service distribution” is that it is not a loan; rather it is an actual distribution of funds that can be rolled over (within 60 days) to a Self-directed IRA without tax consequences. In this case, you would have to ask your current 401(k) provider if its plan allows for an in-service distribution. If so, ask them how to get started, and they will guide you through the process.

Why Your Financial Advisor Won’t Recommend Gold

Very few institutions are set up to handle the precious metals component of retirement plans. Financial advisors are only licensed to recommend publicly traded securities. They consequently haven’t received extensive training on them. While some advisors may recommend precious metal Exchange Traded Funds (ETFs) or mining stocks, unfortunately, investing in ETFs and mining stocks is not the same as investing in precious metals. Precious metals are tangible assets. ETFs are like any other paper asset, they’re susceptible to the same factors of volatility of the stock market, inflations, company earnings and corporate fraud.

How to Get Started

Though investing in a Gold IRA account can be a simple process, there are things every savvy investor should know. The truth is there are numerous gold and silver “investments” out there that should be avoided. Don’t let a lack of knowledge allow you to be victimized by unscrupulous professionals. Learn what you need know to invest like an expert. You can begin by downloading our FREE mini-course entitled “How to Invest Your IRA into Gold and Get Rid of Financial Worries for Good.” This powerful course could save you thousands of dollars and is filled with tips and expert advice you need to make the best possible decisions for you.

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