You may have read a few articles about the benefits of a Gold IRA – like diversifying your portfolio in uncertain stock markets, or getting away from inflation. With all the good reasons to make a small investment in precious metals, it’s fair to wonder how to do that without putting all your eggs in the gilded basket.
One great option is an IRA or 401(k) rollover. I’ll walk through how to do it, and why it might be a great idea for you.
What is a Rollover?
The basic idea behind a rollover is that you want to take more control of your retirement account. You may not like how your funds are being invested, or you may wish to invest in something else–like gold.
No matter why you’re doing it, the process is the same. You contact the manager of your account, whether it’s an IRA or 401(k), and direct them to begin the paperwork for moving some or all of your funds into a new IRA.
In Any Case…
Once you have decided how much of your funds you wish to rollover, you fill out your paperwork, and send it to your new IRA manager, if they haven’t already taken care of it for you. Then you can invest in gold, silver, platinum, or palladium with all the tax-protections of your old IRA.