Dear Birch Gold Group,
I’m terrified that the next market crash is going to wipe out my retirement savings. Can I buy gold with my 401k as a safety net?
Thank you for the great question – you’re not alone in your fears about the stock market!
Regardless of when you plan to retire, it’s never too late to start thinking about ways to safeguard your retirement savings, so that your money is there when you need it – regardless of what happens on Wall Street. Like you, many people are considering gold to diversify their portfolio, or in some cases, move their money out of the volatile stock market altogether.
Now, back to your question: can you buy gold with your 401k?
It’s fairly unlikely that your 401k plan offers any type of gold investment option – however, there are other simple ways to do it.
The simplest way to buy gold with 401k funds is to rollover your 401k into a Precious Metals IRA. The Precious Metals IRA will allow you to add a variety of physical gold coins and bars, as well as other precious metals, like silver, platinum and palladium. Plus, if you prefer to hold onto some stocks, mutual funds or other assets, a Precious Metals IRA allows a wide variety of other investment types as well.
If your 401k can’t currently be rolled over (for example, if you’re still working for the company that sponsors the plan), don’t worry. You can typically still open a Precious Metals IRA as a separate, supplemental account.
Whether you’re rolling over the 401k or not, the process of opening your Precious Metals IRA is easy. Birch Gold Group will guide you through the steps, go over your options and answer all your questions. We’re here to help you protect your retirement savings, so you can finally have peace of mind!
Thanks again for the question!
Do you have a question about how to invest in precious metals? Want to know more about how to set up a Precious Metals IRA, or what types of coins are available to you? Send an email to [email protected] and we may answer it in a future post on our site.