To roll your 401k into GOLD just fill out the form below. You will be contacted back by the #1 GOLD IRA company in the United States. They will send you a free guide on their services and why you should roll part or all of your existing 401k tax free into a GOLD IRA.
Roll 401k Into Gold
Did you know that in the last 20 years the gold market has outperformed the stock market by a ratio of 4 to 1? Right now the stock market is at an all-time high at over 15,000 while gold and silver are at year and a half lows. This means there is a tremendous opportunity to transition out of one asset at a high into another asset at a low.
If you still work for the company that hosts your 401(k) account, it may still be possible to free up those funds for a rollover. This option, if available, is called an “in-service distribution. “ The great thing about an “in-service distribution” is that it is not a loan; rather it is an actual distribution of funds that can be rolled over (within 60 days) to a Self-directed IRA without tax consequences. In this case, you would have to ask your current 401(k) provider if its plan allows for an in-service distribution. If so, ask them how to get started, and they will guide you through the process.
When your self-directed IRA is funded, you can buy your gold and and silver with it. Contact a reputable dealer and let him know that you’re buying precious metals for your IRA. Your IRA custodian will send him the money, and he will ship your bullion directly to your custodian’s depository; the IRS won’t let you hold onto your own metals. Also, you can only buy pure bullion or a limited selection of bullion coins, including American Eagles and Canadian Maple Leafs.
Roll 401k To Gold
If you still happen to work for the organization that has your 401(k) account, you could still conceivably free up those assets for a rollover. This alternative, if available, is called an “in-service distribution”. For this situation, you would need to ask your current 401(k) supplier if its arrangement takes into consideration an in-service distribution.
Moving 401k To Gold
IRAs that let you choose your own stocks make it relatively simple for you to convert your holdings into paper equivalents for precious metals. For example, you can buy an interest in silver and gold by buying stock in mining companies whose prices fluctuate with values of the metals. Alternatively, you could purchase an exchange-traded fund that owns nothing but silver or gold, making a share of the fund equivalent to a piece of their precious metals holding.
The main difference between these is that, in IRA you hold paper assets whereas in a silver IRA you will be able to hold silver bars or coins. Many successful investors want to add it to their retirement portfolio as they considered it as hedge against inflation in long term.
With the mounting global economic crisis and our domestic debt and deficit issues, many savvy investors are converting 401k monies into precious metals, especially gold. In order to do so, you must first you must check the terms and conditions of your existing accounts. If they do not allow for gold and other precious metals investments it may necessitate rolling your funds into a self-directed IRA. Keep in mind that some plans have roll-over penalties and others do not allow accrued dollars to be moved at all unless an exemption is cited like leaving employment or financial hardship. The key is to get the funds released and set up an IRA with the option to purchase precious metals. Smart investors are placing both physical gold and silver in their Individual Retirement Accounts (IRAs). Gold and silver have become important options for hedging against increasingly likely global economic collapse.