The IRA investment landscape has changed dramatically in the last decade and is not as simple as it once was. The good news is that the rules regarding gold investment with an IRA have been relaxed and it’s easier than ever to open a gold IRA with a new custodian (or transform your current account).
Why Physical Gold?
While the market appears to be up in comparison to past years, this apparent fact hides the weakening state of the US dollar. The federal government (The Federal Reserve) has pumped trillions of dollars into the economy since 2008.
It’s true that the inflation effect of this money printing has been held back to some extent – But there’s strong reason to believe that the eventual result is inevitable. This makes precious metals (like gold) a powerful hedge against inflation as they can easily depend on it to retain (and even increase) its value regardless of inflation.
Gold IRA misconceptions
A large amount of people operate their Individual Retirement Account (IRA) with the belief that they have little to no control and can’t change their custodian without a great deal of difficulty and work. For the majority of investors, that’s not the case. Therein fact many custodians who are willing and prepared to give you the decision-making power in terms of investments. Your custodian can also help manage a transfer (or rollover) from one IRA to another. If it turns out that your custodian is not willing to offer you the opportunity to invest in gold with your IRA you’ll need to make a gold ira rollover.
So, what If Your Custodian Does Not Offer What You Need?
You may discover that your present custodian is not willing to offer you many opportunities to invest in gold with your IRA. In that case, you will need to make a gold IRA rollover. When you’ve found a custodian willing to take on your account this company will be able to take care of all paperwork. Starting a gold IRA (or investing in other precious metals) is the best way to prepare for an uncertain financial future and will help you retain your wealth for retirement more effectively than any other asset.