When it comes to your retirement money, there’s little in the world more important. After generations before us making the mistake of not having money saved for retirement, products have been introduced to prevent it from happening to ourselves. Today, we have 401k plans and these are set up by employers. Generally speaking, they offer two main benefits;
1) Some employees will contribute to the plan as you do and
2) You’ll enjoy various tax breaks which allow you to save more.
However, there’s an issue in the 401k market and it’s the lack of information regarding options. Often, we feel as though a standard 401k retirement plan is our only option when this simply isn’t the case. Have you ever heard of a 401k gold rollover? If not, we don’t blame you but this is quickly becoming one of the strongest assets to have within your portfolio.
What Is a 401k Gold Rollover?
Whether you see it labelled as a gold IRA rollover, a 401k gold rollover, or any other name, the term describes the transfer of money from one fund into a precious metal retirement account. On this occasion, we’re talking about rolling over (transferring) your funds from a traditional 401k account to a 401k gold account. From here, you’ll continue to pay into the fund just as you were before but the main focus of your money is now on the precious metals market.
Why Consider a 401k Gold Rollover?
If you’re wondering why a 401k gold rollover would attract the attention of anybody, there are actually some very important reasons and they’re all worth exploring. While some people will benefit greatly from the switch, others won’t see the same advantage so it’s always important to make a decision based on your position. At Regal Assets, they provide you with the information you need to make the best decision for your future. With this in mind, let’s take a look at the benefits!
Currency Concerns – For gold in general, investors like to have the precious metal within their portfolio because it operates separately from the dollar. Therefore, when the economy takes a turn for the worse and the dollar loses value, gold isn’t affected and this is perhaps the biggest benefit of all considering the uncertainty we’ve experienced in recent years.
In fact, there’s actually an inverse correlation between the dollar and precious metals which means they move in opposite directions. As the dollar falters, gold will increase in value because the demand for commodities and precious metals will suddenly rise; as there are limited quantities of gold in the world, the price is forced upwards to meet demand. When the dollar improves, the price of gold may slip a little but it always retains a certain value because it’s so rare; this almost creates a win-win situation.
Inflation Worries – If you’re unaware, inflation is a term to describe the increase in the prices of goods and services. As inflation rises, the value of our dollar decreases because it buys fewer goods and services. If we look at what $10 buys us now compared to what it bought 50 years ago, the result would be vastly different and this is thanks to inflation. In economic terms, a small amount of inflation is actually a good thing but it sometimes drifts over the comfort levels. With a 401k gold rollover, precious metals don’t lose value during times of inflation; once again, some experts believe the opposite occurs and that gold benefits with inflation.
Portfolio Diversification – Finally, for those who have already got money in stocks, bonds, and other investment opportunities like this, putting money into precious metals is a form of diversification; what better way to diversify and enjoy peace of mind than with a gold 401k?
401k Gold Rollover Details
If you were unaware of gold 401k opportunities or you didn’t even know you could transfer your retirement funds, you’re probably wondering how it all works and how it would affect your finances. Well, the first thing to note is that your transfer will go through without having to worry about tax. With services at Regal Assets, the process is quick and simple which means you don’t have to worry about a thing.
If you go with some other services, you will have to withdraw funds and then move them across to your new account and you need to be aware of the time limits. If you withdraw funds and they aren’t placed into the new account within a certain time, the government will look upon the money as income and you’ll be taxed.
With a trustworthy and reliable company such as Regal Assets, a 401k gold rollover will take just a few easy steps;
Step 1 – Firstly, you’ll be able to fill out the online form so the company can get an idea of your details. For the most part, this’ll only take a few minutes but it gets the ball rolling and informs the company of your personal information as well as your intentions moving forward.
Step 2 – Once the form has been received, the service will process the request and make sure you’re guided through the stages. If any additional information is needed, this can be addressed but it’s just a case of starting the process at this point.
Step 3 – If everything is agreed and both parties are happy, your funds will be rolled over into the new precious metals account and you can smile with joy and relief.
Choosing the Right Vendor
If you’re considering a 401k gold rollover, it isn’t like buying a laptop from a particular store or choosing a business to host a party, it’s a decision that could impact your retirement. If you choose the wrong company, your money could end up in places you didn’t intend and this won’t provide peace of mind at all.
When searching, we recommend reading the details carefully of how your 401k will work and how the company operates. From here, feel free to contact them with any questions you might have. Considering this is a huge investment for your future, they should be understanding, they should answer your questions, and they should be helpful. If you don’t feel comfortable with a service, feel free to walk away because there are many others.
- Do they have a good customer service team?
- Do they have knowledge on the topic?
- Are they helpful?
- Do they have experience?
- What qualifies them to look after your money?
With these questions and many more, you can make the right decision.
If you choose wisely, a 401k gold rollover could be the best thing you ever do. With the safe haven gold provides, and no concerns for the economy, inflation, or the performance of the dollar, you can move forward with confidence. Then, when the time comes, you’ll have a nice sum of money for retirement.
Unfortunately, millions lost significant chunks of their retirement fund during the global crisis nearly a decade ago but you don’t have to suffer the same result. If you choose the right company, they will advise you on the best solution for your financial position while explaining how a 401k gold rollover could help!
Our personal recommendation to safeguard your future with gold is to contact Regal Assets, The #1 Rated Gold Investment Company 7 years in a row, Click Here To Request A FREE Gold Investors Kit.