If you have a stagnant 401k plan with a previous employer, or you’re nearing retirement and want to add a unique level of protection to your portfolio, now may be a great time to rollover your 401k into silver.
A 401k silver rollover is simpler than you might think, and it could bring numerous benefits to your investment strategy. By rolling over your 401k plan into a silver IRA, you can breathe new life into your retirement planning, safeguard your assets and enjoy the same tax benefits as any other government-approved retirement account.
Not sure if a 401k silver rollover is right for you? Here are some great reasons why you should consider it this year.
Benefits of rolling over your 401k into silver
Protection from stock market volatility
Retirement accounts backed by paper assets, like stocks, mutual funds and bonds, remain as unpredictable as ever. As we’ve seen over the last decade, stock market volatility can wash away huge portions of retirement accounts in just weeks, or even days.
This was the case for countless Americans during the Great Recession, as the stock market plummeted and forced many to delay their retirement plans. Today, many who had planned on retiring several years ago are still working, trying to make up for lost ground.
Rolling over your 401k into silver allows you to diversify your portfolio, helping to shield it from the unfortunate events and economic factors that make many paper assets so unstable. If you’re worried about what the next stock market drop might do to your 401k, then it’s time to seriously consider diversifying your investments into physical assets like silver.
Adding long-term stability to your retirement account doesn’t mean you have to sacrifice growth. In the decade after 2001, precious metals like silver and gold helped investors protect their retirement savings from the increasingly volatile stock market. But also, during that same time period, silver and gold delivered tremendous returns.
Despite silver’s growth since 2001, many analysts see today’s prices as a bargain, making the metal an attractive option for investors seeking long-term growth potential.
Safeguard against the declining dollar
The declining stock market isn’t the only threat to Americans’ wealth. The declining dollar has continually diminished our purchasing power, and as the Fed prints more money in times of economic crisis, the dollar loses even more value.
But historically, these actions have the opposite effect on precious metals: when the government prints more money, the value of precious metals has increased. This makes silver an attractive option for those who want to preserve their wealth and purchasing power in the future, regardless of the political whims and follies in Washington.
Discover more benefits of a 401k silver rollover
For more information on rolling over a 401k into silver, call Birch Gold Group today. We are happy to answer your questions and can walk you through each step of the process.