When it comes to saving for retirement, you have a number of options. You can contribute to a company sponsored 401k. You can open a Roth or Traditional IRA. Or you can simply save money every week or month out of your paychecks in a savings account or in your own home. Of course, there are benefits to saving money in a retirement account that is sponsored by your employer with the most compelling being having the ability to save money on a pretax basis. In addition, some employers offer employees a company match where they add money to your 401k at the end of the year like a bonus.
However, retirement accounts such as a 401k and IRAs have drawbacks as well. For example, the money that you save in your retirement account cannot be accessed without penalty, until you reach certain milestones. In addition, you are limited in your investment activity to the investment mix that your administrator provides. In the past, this second drawback wasn’t really an issue since the financial markets were in good shape and most investments were gaining in value. However, the recent financial market shakeups that resulted from an overheated housing market has demonstrated that not having the right mix of investments in your retirement account portfolio can be devastating to your retirement saving strategy. But, what can you do to change this situation?
The first step you can take in order to regain control of your retirement savings dollars is to make a telephone call to a company who has experience in setting up gold IRAs and show you how you can Convert 401k to gold. Goldco Precious Metals and other experts in this industry can help you set up a retirement savings account that is impervious to the natural fluctuations of the financial markets. How is this? They can help you open and fund a gold 401k or gold IRA and start you investing in gold and other precious metals which will serve as a hedge against the devaluation of your retirement account, ensuring that you will have the money you need when you retire. You don’t even need any money out of pocket. You can just move the money you already have in your company sponsored 401k into your new gold IRA using a gold IRA rollover.
Gold and other precious metals don’t devalue when the financial markets become unstable. As a matter of fact, they increase in value, stabilizing the value of your retirement account and protecting you from financial loss. This makes it vital to your retirement savings strategy to convert 401k to gold and begin investing in physical commodities like gold, platinum, palladium and silver.
If you are ready to take control of your retirement savings and protect your money from future financial loss, start a gold IRA today and begin investing in the one investment that not only retain its own value, but will increase in value while your other investments decrease, allowing you to retire in the timeframe you’d hoped for.
Convert 401k to gold with the help of Goldco Precious Metals. They are the leading gold IRA experts. Call or click today to learn more.