You better believe it, we have covered every little detail of questions, queries, information, reviews, and everything you need to know to make an educated decision. So let’s begin!
Transitioning Your 401k Into a Gold IRA
There are many people who are interested in rolling over the money from their 401K accounts into a gold IRA. Even so, there are many factors, including mistrust of the government, that make people fearful of making such a big financial decision. The reality is that most of the things people are worried about are the result of misinformation.
The first thing that makes people nervous about this is the state of the world’s economy. Since there have been several threats of an economic collapse in recent years, it makes people wary about investing money. One thing you should keep in mind is that holding on to dollars is risky since inflation can make it worth much less as time progresses.
This is why investing in gold makes sense.
While you may watch news programs and hear about how well the economy is doing, the fact that many parts of the world are not financially viable makes this seem untrue. The reason for this discrepancy is the fact that many people are doing the smart thing and rolling over their 401k accounts into gold IRAs. If you are worried about losing all of your money, you can try moving some of it and leaving the rest where it is.
When it comes to buying gold, you have two options for how you can proceed.
The first would be to buy the gold and have it held by a custodian. Many people prefer this because it is less hassle than trying to handle it on your own.
On the other hand, some people are eliminating the middleman and storing their precious metals themselves. This gives the buyer easy access to the gold in the event that it needs to be moved for some reason or another. If you choose to do things on your own, it is best to store your metal in a safe at home or at the bank.
There are many details involved when it comes to buying and selling silver, but let’s focus on gold IRAs for now. Let’s explore the pros and cons of this type of investment, especially the cons, since people are quite concerned about the risk of losing their investment.
Pros & Cons of Rolling Over your 401K/IRA into Gold
The Tax Implications Of Putting Your Money Into Gold IRA Accounts
There are a few negative implications that can result from you taking the funds that are in your 401k accounts and moving them into a gold IRA account.
There is a chance that the IRS may see the funds as a disbursement, which means that you will be liable to pay 10% tax on this transaction. The good thing is that if it is seen for what it is, a rollover, there will be no taxes due on the money that you transferred from one account to the other.
If you are the owner of a 401k, there are ways to get around this tax issue.
The first thing you can do is wait until you are 59.5 years of age before taking the money from your 401k. This is an age that the government has decided makes you eligible for a tax-free transaction. It would be a good idea to wait to do your financial maneuvering at that time since it will save you money.
The second option would be for you to cave in and pay the 10% tax charges that are charged.
Lastly, you can take money from some of your investments that are not doing very well and use them to purchase a precious metal IRA.
There may be other options available to you, but it would be a good idea for you to discuss this with the custodian of your gold IRA account. They will give you an idea of what funds are qualified and unqualified for all of your future transactions.
We highly recommend Regal Assets.
They are true professionals that will clarify every doubt or question you have.
Will The Government Seize My Gold IRA Account?
There are many people that are concerned about the government seizing gold the same way they did in 1933. The reality is that while an order was given by then-President Franklin D. Roosevelt, it was later repealed.
You should also keep in mind that gold wasn’t forcibly taken from anyone: They were asked to sell it to the US government. In exchange for their cooperation, they were given the monetary value of the gold that they had in their possession.
In other words, there was no hostile takeover of their gold.
This is a rumor that many companies use in an attempt to get you to buy collectible gold coins, which are more commonly known as numismatic coins. Many unscrupulous dealers will convince you that purchasing these is the only way to avoid having your gold confiscated by government officials.
If you are in the position to buy coins and the salesman is trying to push you into purchasing numismatic ones, ask him about the commission he receives for each sale that he makes. It is usually much higher than it would be if they sold you bullion instead. Beware of articles online about how the Patriot Act gives them the right to do this. The reality is that anyone can post whatever they like on the Internet.
The likelihood that the government wants to return to a gold-backed dollar is slim, so do not believe everything you read.
Does My Gold Actually Exist?
There are many investors that worry about whether they have actual ownership of gold that is sitting somewhere in a vault. Many naysayers warn that the only thing you have actually purchased is paper that is worth absolutely nothing.
There are laws in place that require any gold that is purchased to be where the IRA company claims it is. There are also many companies that will allow you to have a segregated storage area without charging you any additional fees.
This means that any gold you purchase actually belongs to you. It is held separately from gold purchased by others, and it is exactly what you purchased when you opened your gold IRA account.
If you decide that you want to cash out part or all of the gold you own, it is easiest to do it through the IRA company where you purchased it. This means that there will only be one point of contact, and you will not have to worry about paying for shipping from one facility to another. Everything will be done with no hassle.
Fees Associated With Gold IRA Accounts
Paying 401K fees is one of the reasons that many people choose to liquidate their assets. This is because the administrators of your accounts make money monthly, even when your accounts are not doing so well, which is such a waste.
Even so, it is very senseless to rollover your pricy 401K into an IRA that charges hefty fees. Hence, it is important for you to research all of the fees that are charged by custodians and select one accordingly.
Ideally you should look for an IRA account that charges one flat yearly fee for all customers, regardless of how much money they have invested. This means that the customer with $5,000 and the one with $5 million will have the same courtesy. This type of company will help you hold on to your money instead of using it to line the pockets of someone else.
Is Making An Investment In Gold A Good Idea?
Yes. Gold is one of the best investments that anyone could ever make. It is a good idea to open a gold IRA account and diversify it with a couple of other precious metals, like platinum and palladium. In case you were not aware, gold becomes more and more valuable as each day passes.
Buying gold will help you to secure your wealth by having a physical asset available to you. If you want to be like many others out there, it is time for you to go and buy some gold. This is what most of the richest people in the world are doing with their money.
Alright, now let’s look into how we’re going to do this, and this is where our experience will be most valuable to you.
Deciding Which Company To Go With
Deciding which Gold IRA Company to invest in is no easy feat. There are so many of them out there, and they all promise to be the best. That’s why we’re here to help you make the best decision possible.
Of course, the first thing you should know is how to investigate businesses for yourself. That’s why we’ve put together indicators to look out for while doing your own research, and some questions for you to ask.
Top 3 Criticisms Evaluation Websites Primarily Focus On
1. Companies that are only interested in sales. This includes pushy and aggressive strategies, such as putting undue pressure on a customer to make a switch and to do so as soon as possible.
2. Account representatives may be in a hurry to get a sale without letting you ask questions or take your time making a decision. For so many people investing less than $300k, they’re investing their entire life worth of savings. It’s understandable that you would want to consult your family, close friends, or anyone else that may be able to reassure you that you’re making the right choices. If we had to choose right now, we would direct you to Regal Assets, since their excellent customer service helps you through this process without any pressure.
You can call them directly at 1-855-976-2659 to find out more.
3. Some staff may be urged to push certain precious metals that you have no interest in, simply because it gives them a higher profit margin. They don’t care about what is in your best interest or what your financial goals are.
That’s why if you want to invest in gold we suggest you go with a gold exclusive IRA company. This way you know you won’t have other metals pushed upon you, and that they will be willing to buy gold back from you.
The Most Important Things To Know And Watch For When Selecting A Business
You have a lot of questions, and there are a lot of companies clamoring to get your business. How do you find the most credible ones while still saving money?
This is where we come in. With our extensive knowledge and research, we can help you find the right company to rollover with.
But don’t take just our word for it. Also do your own research by looking up these businesses we recommend online, such as the Better Business Bureau or TrustLink, to name two very reputable resources. This way you’ll be able to make even more informed decisions.
With our endless experience working with Gold IRA companies throughout the years, we are confident that we can help you select the right company for you. The following list is comprised of the top companies we have researched.
Regal Assets (Our Choice)
Now that you’ve got an idea of which company is suitable to your needs, let’s move forward to a very important point:-
Four Questions To Ask Your Potential Gold IRA Company
1. What fees are involved, such as the setup and storage fees?
Almost every rollover process will consist of fees, be they in storage or management. These can quickly add up depending on the company, since many use a scaling management system that will cost you more as you increase your account value.
The company we suggest to you will not have any fees at all during the first year.
2. What are the precious metals that you offer? Do they come in bullion, coins, or both?
Every type of metal has a different stability and profitability factor. That’s why it can be so daunting to choose the right metal for yourself. The most common types of precious metals to invest in are gold, silver, and platinum.
How they will perform for you over the years will vary wildly, so do your due research beforehand. On top of this, you will also need to know if you prefer gold bullion or gold coins.
One core reason you should know which metal you want to invest in beforehand is some businesses will try to force you to invest in a particular one that will get them better sales margins.
This is not in your best interest, and you should be prepared to tell them no if you’re not wanting it.
3. What is the buyback plan, if available?
There may come a time later on when you wish to liquidize your precious metal assets. If this time comes, you want to make sure that your company will be willing to not only buy back from you, but to also make it as pain free and quick as possible.
If you are facing a Gold IRA Company that is only interested in making a sale off you and not your long term investments, then you may want to look elsewhere.
4. What Are The Choices? The Drawbacks?
No company is completely perfect, so it’s good to know what the choices and their drawbacks are ahead of time. Don’t be afraid to ask a company what they think their drawbacks are. An honest company will be open to you.
Something to watch out for is long term fees and how long it takes to get your account going. Some businesses take up to 90 days to deliver your precious metals.
Will Your Savings Be Safe with Gold Companies?
The world economic climate can be a concerning thing. More and more reports are coming out that countries such as China and India have an interest in buying up the world’s gold. Add on an unstable market and you may be seriously considering adding some precious investments to your portfolio.
Many people are in the same boat as you. But although you know that you should diversify your portfolio for maximum protection, it can still be a daunting task. Trying to roll a 401k or an IRA into a Silver and Gold IRA is not the easiest thing in the universe.
Your investment should not be handled lightly, and you should not settle for second best, which is why we recommend:
Regal Assets: A Class Above the Rest
If you haven’t read our review on Regal Assets, you should do so to find out in detail why they are the best. If you want a summary, continue reading:-
The number one business we recommend is Regal Assets, a professional service that is second to none.
Their highly trained staff will lead you through every step of the process, making sure you can follow everything so there are no doubts remaining or questions left unanswered.
Their sales staff are genuine to suit your investment needs, and not enticed by commissions, so their only concern is making sure you get the plan that is best for you and your future.
Account Representatives are focused on helping you get the most out of your retirement, and will educate you on everything that you need to know with regards to precious metals.
You can learn more information about Regal Assets by calling them directly at 1-855-976-2659 or by visiting their website at
Rest assured that they are very professional and will return every call and email that you may need to leave.
Reasons People Turn To Regal Assets As Their Choice Gold IRA Company
There are many reasons Regal Assets has become the best gold IRA company. The following are but a sample of the reasons Regal Assets is worth your time.
1. Fantastic Shipping Service
Not only does Regal Assets have the safest shipping service around, but your precious metals are also guaranteed to be at your door within seven working days.
2. Great Savings
The amount of money you can save going through this company is nothing short of marvelous. A flat $150.00 fee per year gets you everything you need to get started. The first year is even free for Retirement Accounts.
Compare this to their competitors who charge $225+ a year with no freebies. In total, from storage and delivery to setup and management comes to approximately $500… and this is waived with Regal Assets.
3. Transaction Times Are Minimal
Anything that is requested by a custodian in terms of transactions sees a quick turnover in 48 hours.
4. Outstanding Reviews
Regal Assets has some of the most favorable reviews in the business. Their A+ rating with the BBB ensures that you have nothing to fear from doing business with them. If that’s not enough, there have been no complaints filed through the BBB since March of 2013. For more information about BBB ratings, you can search for it at their website: http://www.bbb.org/
Regal Assets also has a preferred membership with the professional review firm, TrustLink, making it one of the top precious metal leaders in the industry. TrustLink certifies quality, trustworthiness, and greatness. All companies with their seal of approval undergo extensive review.
Inc. Magazine, one of the nation’s leading small business magazines, ranks Regal Assets #20 in their list of financial services in the United States. This is out of 500 companies.
As well as this review, you can read other reviews covering Gold IRA Companies, including the pros and cons of investing with each. This will give you a good overview of why Regal Assets is our company of choice.
As well as reading our reviews, we suggest calling up some companies for yourself. It’s important to get your own view when considering an investment of this magnitude.
Take a look at our reasons for suggesting Regal Assets, such as fees, procedures, and metals provided, and inquire with companies what they can do for you in these aspects. You may be surprised what you learn.
How Inflation Is A Good Reason To Invest In Gold
Inflation is one of those tricky things. It will severely devalue your money as you get older, meaning that it will cost more to maintain your standard of living when you eventually retire. Sadly, this is a fact of life and something you must learn to adequately deal with in regards to your assets.
At its core, inflation represents the rising cost of goods and services in proportion to falling purchase power. The easiest way to look at this is by imagining your piece of the overall monetary pie in the country.
If all the money in America amounted to about a billion dollars and you had a tenth of that (one hundred million) you would certainly be one of, if not the richest person in America. You would be set for life, right? Now imagine the total amount of money in America has increased to a trillion dollars.
Suddenly your amount isn’t worth as much as it once was. In fact, you will find it more difficult to buy the things you once did. This is inflation, and it is a reality in countries all over the world.
How Does Gold Compare vs. the U.S. Dollar?
The American dollar alone has seen an increase of $2.68 trillion since 2009. Economists believe that soon paper money as it currently stands may become completely useless. Where will you be in ten, twenty, thirty years if this comes to pass?
That’s why it’s important to have non-paper investments as a backup, if not your primary investments. Since 2008 alone many people have seen a huge devalue in their stocks and bonds, losing their entire retirements.
Learn from their mistakes and add precious metals to your investments. This way you won’t see a general decline every year from the fixed yields of your paper investments.
How Gold Helps You Avoid Risk
The reasons to invest in gold come in four key points:
1. Gold will never be invaluable, unlike paper investments. Gold is necessary for technology, jewelry, and other facets of life and human advancement.
2. Gold cannot be made freely. It is a finite resource. While more gold may be discovered, it won’t be found in such droves as to drive the price of it so far down and it becomes practically worthless.
3. Reckless authorities cannot touch it.
4. Society has an inherent worth put into gold.
It is also believed that other world economies are intent on buying up the world’s gold in an effort to weaken the American dollar. This is why it’s beyond important to hedge your investments with gold and other precious metals. Your future depends on it.
To Sum It All
Congratulations, you have made it this far down, and should now be equipped with sufficient information to understand Gold IRAs, and how you can safeguard your investment with them. Thank you so much for your time, and we are honored to have you as our readers.
If you are still thirsty or hungry for more information, here’s what you can do:-
2. Claim your Free Gold Rollover Kit Here to get the ball rolling, absolutely no charges involved.
3. Find out More Information with regards to Gold IRAs here.