GoldIRARolloverpros.com explains how to invest in gold for your retirement – and why you might want to
With the immediate effects of the Global Financial Crisis receding into the background, many people are looking to the future with greater hope than they have for several years. And yet although the recession is behind us, there are still black clouds on the horizon. The spectre of high inflation brought about by the vast sums of money pumped into the economy through quantitative easing refuses to go away. Neither does the enormous debt burden seem to be a problem that can easily be solved.
The continuing uncertainty that surrounds the long-term health of the economy has sparked renewed interest in gold as an investment. Gold has historically proved an effective store of value against runaway inflation and in the face of economic collapse – as well as providing a substantial return-on-investment on its own terms in recent years. This has led to increased interest in gold as a desirable asset to add to a retirement savings plan.
Gold-backed IRAs are a type of investment plan that allow holders to include gold and other precious metals in their portfolios. Those who are nearing retirement have understandably been dismayed at the performance of their traditional investments. The Credit Crunch and ensuing recession saw the value of the major stock indices slashed by 50 percent – destroying the wealth that many people had spent decades accumulating for retirement.
However, investing in gold is not easy, which is where GoldIRARolloverpros.com comes in. The problem is that a 401(k) – most employees’ default retirement plan – does not allow its holders to include gold. To invest in precious metals a gold-backed IRA is required. Unless you have sufficient funds to start a new plan, you will have to transfer (‘rollover’) your existing 401(k) to the appropriate IRA. Whilst this should be a relatively simple process, there are hidden pitfalls – not least a vast exposure to unwanted tax if you get it wrong.
GoldIRARolloverpros.com starts out by explaining just why gold is a such worthwhile investment to consider for your retirement, making a persuasive case that conventional assets such as stocks and shares are too risky in the current climate to ignore a straightforward and proven way to hedge against the volatility that has been so destructive in recent years.
The site sketches out what a rollover entails, and how to achieve this with a minimum of risk. It also looks at the alternatives if you are not able to transfer your 401(k) to a gold-backed IRA, taking a balanced view of whether this is likely to be worthwhile or advisable.
The site also stresses financial responsibility, and offers advice and assistance to savers who are considering a rollover to gold. ‘Our job is to help put you back in control of your own money and ensure that you can provide for yourself and your loved ones during your retirement.’ This is clearly a concern that will be uppermost in the minds of savers nearing retirement.
Visit http://goldirarolloverpros.com/ for more information.
Name: John Johnson
Address: 16520 Bake Parkway, Suite 155, Irvine, CA. 92618