Why You Should Consider a Gold IRA Rollover

Are you on the verge of initiating a gold IRA rollover? But somewhere deep inside you’re uncertain if this is the best investment strategy. With all of the financial turmoil taking place in a coronavirus dominated world, this seems like a scary option. Oddly enough, nothing could be further from the truth. 

Investing in gold during times of economic strife is a brilliant way to protect your portfolio and gain more value. These opportunities for quick growth rarely present themselves. Yet the value of gold is rising and it will continue on an upward trajectory for the foreseeable future.

But don’t take my word for it. It’s smart to investigate this investment further. I know I was hesitant when I first started investing in gold. But it’s been one of the best decisions I’ve ever made to preserve my financial well-being.

I want you to better understand the true value of a gold IRA rollover. So, I’m going to share some of the biggest reasons why this investment is so powerful. Even more important, I’ll tell you why there’s rarely a better time to invest in a gold IRA right now.

Keep reading to discover the powerful conclusions I’ve determined about the true value and benefits of a gold IRA rollover.

More Options for Investing

Believe it or not, initiating a gold IRA rollover will lead to greater investment opportunities. For the most part, with traditional 401(k) plans you’re basically stuck investing in whatever the portfolio manager chooses. With a gold IRA, you take control of your investments and have many additional options.

Sure, you’ll have the opportunity to immediately invest in gold, silver, platinum, and palladium. And each one of these investments would be a wise choice right now. Because precious metals are an excellent investment during tough economic times.

But let’s not forget about the other opportunities that an IRA rollover provides. You can invest in real estate, options, precious metals, and Bitcoin and other cryptocurrencies. This is impossible under a traditional 401(k) plan.

Another excellent thing is the portfolio rebalancing opportunities. With a regular 401(k) plan, the portfolio balancing opportunities are limited. You do not need these unwarranted restrictions holding you back from making the best investing choices. And you won’t have them once you initiate a gold IRA rollover.

One of the worst things in life is having limited options. It’s time to sit in the driver’s seat of your investing practice. It’s time to remove the shackles that your current 401(k) plan places on you. Complete a gold IRA rollover and open up a brand-new world of investing opportunities that weren’t available until now.

Read about my top 10 review of the best gold IRA companies in the business. Remember to sign up for their guides and investor’s kits to gain more valuable information for free.

Lower Expenses and Fees

Sometimes being an avid investor means saving money. Certain funds tend to act heavy-handed when it comes to their fee structure. They’ll charge you thousands of dollars to open the account, which is bad enough. But they will continuously overcharge with heavy yearly administration fees, management fees, and other potentially related expenses. This can get outrageously ridiculous after a while and really cut into your yearly profits.

Guess what? Fund managers could care less about your net worth. They will lie, cheat, and steal their way into your heart and bank account. They’ll promise the world and never deliver. You have to cut ties with these charlatans as soon as possible. You’ll save a bunch of money each year by eliminating their exorbitant fees.

As an example, let’s say your fund manager consistently delivers 3% per year. While better than a savings account, this really isn’t a great return. You can do better on your own. But even worse, they take about 1% or more based on your total assets at the end of the year. So, 3% becomes 2% or 1 ½% by the time they’re finished gouging you for every penny they can grab.

You can take total control with a gold IRA rollover. Remember, in a self-directed IRA you can invest in stocks, bonds, options, mutual funds, precious metals, cryptocurrency, and real estate. Why pay somebody a ton of money when they can’t even beat the S&P 500 during a given year? You can do just as good or even better handling your investments on your own.

Learn more about the top 10 gold IRA companies by reading my review. And do not hesitate to sign up for free gold investing guides and investor’s kits at your leisure.

A Gold IRA Rollover Gives Investors Access to Roth IRA or Traditional IRA Options

The beauty of initiating a gold IRA rollover is the options that it presents you as an investor. You gain access to a Roth IRA or a traditional IRA, depending on how you set up your account. Each of these IRA accounts are self-directed, meaning you take control of your investments. There are also differences between each of these accounts at a fundamental level. Those differences include:

• Traditional IRA – with a traditional self-directed IRA, any contributions made are tax-deductible when the contribution takes place. What does this mean? It means that you will not pay taxes on your money until they’re withdrawn from the fund.
• Roth IRA – with a Roth self-directed IRA, you pay taxes at the time of the contribution. Although you’ll have less money available to grow your IRA account through investments, you’ll get to keep all of the proceeds. You aren’t required to pay taxes when it comes time to withdraw from the account. The tax is already paid in advance and the IRS doesn’t tax people on the same income twice.

Determining which style of self-directed IRA is better or worse really comes down to the investor. Some people would rather not have to pay taxes on their investments during their retirement. They would rather know exactly how much they have available to spend and use it to create an effective budget.

Other people might not want to pay their taxes ahead of time. They’d rather plow as much money as possible into their IRA account and use it to grow their nest egg. This is a smart way to grow your gold IRA account very quickly. Remember that you’re responsible to pay capital gains taxes whenever you withdraw from this account at 59 ½ or older.

Are you ready to learn more about the top gold IRA companies in the industry right now? Click here to read my top 10 review of the best companies to help you with your gold IRA rollover.

Gold Tends to Trade in the Opposite Direction of the Stock Market

Gold often trades in the opposite direction of the stock market, but this isn’t always the case. During the most recent bull market, gold also rose tremendously in value. But even better, once this bull market comes to an end gold will gain even more value. How do I know this? I know this from historical investing experience.

This coronavirus isn’t going away anytime soon. Recent data suggests Pfizer has a nearly viable vaccine. It will still take at least a year for Pfizer to perfect, produce, and distribute the vaccine all over the world. We aren’t going to develop herd immunity anytime soon. And even worse, Europe and other countries were forced to lock down because of massive virus outbreaks.

This doesn’t bode well for the world economy. Most businesses on the stock market are international companies. With Europe shut down, it’ll hurt their overall growth rate for the upcoming quarters and potentially the next fiscal year.

When the stock market struggles, investors tend to move to gold as a positive safe haven. This in turn raises the value of the gold price and makes it even more valuable over time. The longer this crisis lasts, the higher the gold price will likely end up.

At the time of this writing, gold is worth about $1865 an ounce. I project that it will reach $2000 an ounce or more before the end of the pandemic. And if the economic crisis continues, gold could potentially reach $3000 or more as investors flood the market after taking their money out of stocks.

Please read through my list of the top 10 gold companies that can help you initiate a gold IRA rollover. Learn about my favorites and remember to sign up for their free guides and investor’s kits for even more information.

Bottom Line

At this stage of the game, opening a gold IRA rollover should be very enticing. It’s not only a safe haven during tough economic times like the ones we’re currently facing. It’s a rock-solid investment in any market environment or economic climate.

How do I know? Gold is the one form of legal tender that never goes out of fashion. It’s been around for thousands of years and it will continue to remain for thousands more. You can’t say the same for any other currencies on the face of the earth. The pound, the dollar, the yen, and others aren’t nearly as valuable as gold. And only time will tell if they possess the same longevity.

Investing in a gold IRA rollover is the right move to make. Click here to read about my top 10 gold IRA company recommendations. And sign up for their free investor’s kits while you’re at it as well.