Gold IRA Rollover

Whether you’re just starting to open an IRA or researching it to determine your overall IRA investment strategy, gold IRA should be a part of the landscape. Rolling over a portion of your IRA to gold can definitely help you to cushion a volatile stock market. The rise of gold past $1,300 per ounce in 2018, had many people taking a new look at the precious metal gold.

“IRAs can invest in virtually any asset as an investment like stocks, bonds, real estate, private equity, etc. A gold IRA is just a fancy name for one that chose to invest in gold,” says Daniel Sentell, former director of communications at Broad Financial, a Monsey, N.Y.-based financial services company that offers gold IRAs.

If you already have an IRA or 401(k), either regular or Roth, you have the option of rolling over some or all of your investment into a gold IRA. With 401(k)s, rollovers generally are permitted when you switch jobs (and have to decide what to do with retirement money at the employer you are leaving) or when you retire. With an IRA, you can switch to a different custodian more freely.

“Understanding the different tax implications of IRAs and 401(k)s is key to a good choice.” ~ Kiplinger

The question at hand is, when you do decide to roll over some of your retirement money, should any of it go into gold? The answer is absolutely yes, it should be. Including gold into your overall retirement strategy is a smart strategy. Gold has risen consistently since 1998. Go to our price chart, click 20 year $388 per once to over $1300!