The Gold IRA Rollover Process Explained

With the current state of the economy, market fluctuations, uncertainty in future forecasting and recent drops in the values of various retirement accounts, it is no wonder that individuals worldwide are flocking to investments in precious metals to protect their retirement assets. Historically, gold and other precious metals have weathered economic downturns more smoothly than traditional stocks and other similar investment options. Anyone with a retirement account at risk could definitely benefit from a rollover into precious metals, but that is a decision that each investor should consider carefully and research thoroughly before taking the plunge.

Many people choose to go with a gold-backed IRA as a fallback measure to protect their investment portfolios. While other investments may be negatively affected by inflation through the printing of paper currency, precious metals act as a hedge against inflation. This is true for one very simply reason; one cannot print gold or other precious metals! Since the supply of gold is limited, it should always retain at least a minimum value regardless of the overall economy. Moreover, these types of self-directed IRAs are less susceptible to downturns in the market.
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For those considering a gold IRA rollover, the steps are quite simple. First, if you have a Roth IRA for example, check with the current investment management company to see if they offer rollovers into precious metal investments. If so, then do a bit more research on the investment company to try to gauge the level of experience that particular company has in self-direct IRAs of this type. If the current company does not offer gold-backed IRA options, consider shifting the investment portfolio to a company better qualified or equipped to handle those types of investment options. This is called a transfer rollover because the assets are being transferred to a new company, but most of the legwork is done by the new company directly by contacting the old company on the individual investor’s behalf.

Please keep in mind that a general rollover is usually required to be reported and disclosed to the Internal Revenue Service while transfer rollovers have more leeway to fly under the radar. Moreover, such transfer rollovers can usually be closed within sixty days and are often quite painless for the investor in terms of time and difficulty.

Several companies are experienced with gold IRA rollovers or transfer rollovers to self-directed IRA options. It is important to carefully review the companies and options available before making serious investment decisions.

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