One of the smartest ways to invest for the future is to buy physical gold.
Gold is known for being a luxury precious metal that people want to acquire. Along with owning jewels like diamonds, exquisite food such as caviar, gold ranks along these as being luxurious items.
Buying gold is just not a privilege for the rich but also ordinary folks are looking at ways to build a secure financial retirement by investing in gold.
It was long thought of as being only the wealthy who could buy gold. This was largely down to knowing how and where to invest.
For many people, gold investment remains mysterious. Just where do you go find out about how to do this?
The stock market is also something of a mystery for many people. If you work on Wall Street then you may know about the Dow Jones Index or NASDAQ. This should be common knowledge.
For the common man and woman they may not know where to start when buying precious metals like gold and silver.
Paper based investment products like stocks, shares and mutual bonds were commonly known in the past as being the less riskiest way to invest on the stock market.
Recently this has not been the case largely due to the volatile global economic market.
Over the past 20-30 years the world economy has suffered from recessions and the bankruptcy of the Lehman Brothers.
The impact of the collapse was that the Dow Jones closed down just over 500 points (−4.4%) on September 15, 2008, at the time. This was the largest drop by points in a single day since the attacks on September 11, 2001.
This has caused many people to seek new ways to invest their hard earned money.
If you have a typical 401k retirement plan then this may not be the best way to invest your money.
A 401k is linked to how well the stock market is performing so if it is not performing that greatly then you may want to revise your current plan with a gold IRA.
Under the plan, retirement savings contributions are provided (and sometimes proportionately matched) by an employer, deducted from the employee’s paycheck before taxation (therefore tax-deferred until withdrawn after retirement or as otherwise permitted by applicable law), and limited to a maximum pre-tax annual contribution of $18,000 (as of 2015).
These plans are all established under section 401(a) of the Internal Revenue Code. 401(a) plans may provide total annual addition of $53,000 (as of 2015) per plan participant, including both employee and employer contributions.
Former employees (“terminated participants”) can have their 401(k) accounts closed if their account balances are low; such a provision in the plan is referred to as a “force-out” provision.
Almost 90% of plans have a force-out provision. As of March 2005, the limit for force-out provisions is a balance of $1,000—participants whose balance is over $1,000 cannot have their account closed. Before March 2005, the limit was $5,000.
Closing an account requires that the participant either roll-over the funds to an IRA, another 401(k) plan or take a distribution (“cash out”). 85% of those with balances of under $1,000 cash out, either voluntarily or due to a force-out provision.
Rollovers between eligible retirement plans are accomplished in one of two ways: by a distribution to the participant and a subsequent rollover to another plan or by a direct rollover from plan to plan.
Rollovers after a distribution to the participant must generally be accomplished within 60 days of the distribution.
If the 60-day limit is not met, the rollover will be disallowed and the distribution will be taxed as ordinary income and the 10% penalty will apply, if applicable.
The same rules and restrictions apply to rollovers from plans to IRAs.
A direct rollover from an eligible retirement plan to another eligible retirement plan is not taxable, regardless of the age of the participant.
401(k) plans charge fees for administrative services, investment management services, and sometime outside consulting services.
They can be charged to the employer, the plan participants or to the plan itself and the fees can be allocated on a per participant basis, per plan, or as a percentage of the plan’s assets.
For 2011, the average total administrative and management fees on a 401(k) plan was 0.78 percent or approximately $250 per participant.
Unlike defined benefit ERISA plans or banking institution savings accounts, there is no government insurance for assets held in 401(k) accounts.
Plans of sponsors experiencing financial difficulties, sometimes have funding problems. Fortunately, the bankruptcy laws give a high priority to sponsor funding liability.
In moving between jobs, this should be a consideration by a plan participant in whether to leave assets in the old plan or roll over the assets to a new employer plan or to an individual retirement arrangement (an IRA).
Fees charged by IRA providers can be substantially less than fees charged by employer plans and typically offer a far wider selection of investment vehicles than employer plans.
Regal Assets are a leading Gold IRA Company. They were formed back in 2009 and their mission is to make the process of investing in precious metals simple.
They have been very successful in achieving their main aim and have countless satisfied customers who have opted into buying gold bullion with them.
The process has made all the more simpler due in large fact to them offering a FREE Gold Retirement Kit.
This Gold Guide is very simple to get. All you need to do is complete a simple form here
The Regal Assets customer support team will call you for a no obligation consultation when they receive your form. The Gold Kit will also be posted out to you.
The purpose of the consultation is to find out more about your current financial situation. If you are presently in a 401k then the team will discuss a gold rollover.
They will provide simple, but detailed information about the process and what is involved. In fact, all you have to be concerned about is providing your personal and work details. They will take care of the rest.
Due to the fact that they have been providing Gold IRA advice for 7 years to thousands of happy customers, your financial retirement account will be in safe hands.
Buying precious metals provides a “safe haven” for many investors. Even if you are an experienced investor you will find that buying gold coins and gold stocks gives peace of mind.
In volatile economic times, gold investment performance has proven for a long time to be a safe investing vehicle.
True, no one really knows how the markets will perform over time. If we all could predict the future then our lives will certainly be different.
Physical gold though over time has proven to hold it’s value and even increase in value when the markets are experiencing a downturn.
Many retirement folks want to enjoy a retirement similar to what they enjoyed when working.
No one wants to look forward to a retirement when you are constantly worried about money and paying bills. Most people have enjoyed a particular quality of life which they want to go on enjoying well into retirement.
Investing in a gold 401k rollover to IRA has many benefits. Security is the no.1 factor for folks these days.
Making the process of owning a retirement account that works for you simple and easy is important for most people.
Regal Assets make this process very easy to understand. They will show you all the necessary steps to owning a gold IRA in a friendly and professional manner.
The process is made simple due to the experience of the company that is also an established member of Trustlink, which was previously part of BBB, but is now a separate organization.
Regal Assets main aim is to provide outstanding customer service to clients and they are very proud to achieve a 99.9% customer satisfaction rating.
This rating can be seen in their testimonials.
To buy physical gold is not as challenging as most people think it is. The process has been made incredibly simple and a reputable gold IRA company can do most of the work for you.
Finding a well renowned company may prove to be the most difficult obstacle for folks but hopefully this post will provide people with information to decide upon whether to rollover a 401k and if so the gold IRA company to process it on your behalf.
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