401 (k) s are generally good things. They are retirement plans established by your employer and also are qualified for tax exemptions like tax-free growth and tax-deductible contributions. In addition, they allow each employee to make tax-deductible contributions to your account on your behalf. IRAs (individual retirement account) is also retirement plans with tax advantages that you establish directly, regardless of where you work. A gold IRA (or silver) account is a self-directed account that allows you to buy physical precious metals (gold, silver, palladium, and platinum) in the form of authorized coins and bars.
You can transfer with no trouble or transfer assets from a 401k to a Gold IRA. Here are top 5 reasons to do it:
Most of the 401k is not configured to allow you to buy physical precious metals. This means that your retirement account does not receive the advantages of diversification in physical gold and silver, like maintenance of value, protection against inflation, low correlation with paper assets and as a tangible wealth reserve.
Real Gold, Not Gold Paper
Unluckily, several 401k account holders think that they can get the advantages of physical gold by having a substitute form of the metal, like mutual funds or shares of gold mining businesses, exchange-traded funds. The trouble is that these substitutes are all active on paper. As a 401k hardly ever allows you to have physical gold, a reinvestment in a Gold IRA is a great way to add precious metals to your retirement portfolio.
You can take the chance by transferring your 401k to an IRA to exchange it into a Roth IRA, where you get growth and tax-free withdrawals. In addition, you can keep your assets in your Roth IRA while you live. Click here.
Transfers Are Tax-Free
You can transfer your money and any other assets from your 401k to your Gold IRA tax-free account. We recommend that a transfer from fiduciary to fiduciary. The money and other assets are transferred directly in this process from the previous account to the new account, without first coming to you. There are no deadlines or withholding taxes according to this process. It is very fast, easy and free of taxes.
Protection from Creditors
It is true that 401k s offer high-quality protection from creditors. But so do IRA. The Bankruptcy Abuse Prevention and Consumer Protection Act protects up to $ 1 million in IRA assets in the bankruptcy event. That means your retirement assets are very protected by the law of confiscation from creditors. Many people are forced to declare bankruptcy in times of economic and political turmoil. It is best to understand that your IRA assets, including your precious metals, are really protected.
Moving assets from your 401k to Gold IRA Rollover is the best way to add physical gold to your retirement portfolio. After all, you can transfer the money at any time. You do not need to wait until you separate from your work. Start today! Click here for more information: www.401kGoldIRARollover.com…Read More