With so many uncertainties surrounding the global economy, more investors are making the decision to shield their retirement savings with investments in precious metals. If you’re concerned about your own financial future – or the future of your loved ones – now may be the time to convert your IRA to gold.
If you’re new to precious metals, or you’re on the fence about what to do with your retirement plan, here are 10 reasons why an IRA-to-gold conversion could make sense for your situation.
Why convert IRA to gold?
Diversifying your portfolio ensures that when some assets lose value (such as stocks, bonds, real estate, etc.), you have other types of investments, such as gold, to keep your account balanced. When you convert IRA to physical gold, you have the option of converting all of it or a portion of it, thus allowing you to achieve the level of diversification you’re comfortable with.
- Protection against stock market volatility
Many investors have seen their retirement savings plummet at least once over the last decade. Converting your paper assets to gold can help protect your money in spite of the next stock market drop, and give you peace of mind about your retirement goals.
- Hedge against inflation
History has shown that when the economy goes bad, the Fed prints more money, thus lowering the value of the dollar, as well as Americans’ purchasing power. However, money printing usually has the opposite effect on gold, which tends to increase in value as the dollar declines.
- Preservation of wealth and lifestyle
We all want to enjoy retirement without having to make sacrifices. When you convert an IRA to gold to protect your retirement savings from stock market volatility and the declining dollar, you are taking important steps to preserving your lifestyle, so that you (and your family) can live tomorrow as you do today.
- Growth potential
Even after gold has hit historic highs in recent years, many analysts believe today’s prices are a bargain, especially given its recent correction in price. This means you can add a unique level of protection to retirement savings without sacrificing your investment goals.
- Tax benefits
Converting your IRA to gold simply means you are converting the assets and placing them into a new type of IRA – one that is now backed by investments in gold. This allows you to enjoy the same tax benefits as any other government-approved retirement account.
- Variety of investment options
A precious metals IRA allows you to invest in different forms of gold, such as bullion or proof gold coins. In addition, you may discover even greater benefits of diversifying with other precious metals, such as silver, platinum or palladium.
- Breathe new life into stale IRAs
Many investors are losing money in their retirement accounts not necessarily because of the wavering stock market, but instead because their account has been neglected for years. The sooner you give more attention to your retirement plan, the better. There’s no better time than now to talk to a precious metals advisor who can put your account back on track with investments in gold.
- Steer clear of Washington’s whims and follies
By now, it’s clear that the actions of our political “leaders” can have devastating effects on the stock market – and there’s no telling what we can expect from our government in the years ahead. Investing in gold can help you preserve and protect your wealth, eliminating some of the risks of such factors that are beyond your control.
- It’s easy…
Converting an IRA to gold is extremely easy, and Birch Gold Group can help you every step of the way. All it takes is one phone call to start the simple process of your conversion – or to learn more about the benefits. Call (800) 355-2116 to speak to one of our knowledgeable gold IRA specialists today.