Ways To Include Gold in Retirement Plans
After seeing retirees lose trillions in the recent stock sell-off, investors are turning their attention toward gold. The metal is a great investment for any retirement account and offers the stability that people need to grow their nest eggs.
With volatility expected to keep on rising, gold investments can help you maintain a good standard of living when you retire. Learn about the ways you can add gold to your retirement plans to hedge inflation.
People can choose to invest in a gold exchange-traded fund (ETF), which is an investment security that tracks the price of gold. Units in a gold exchange-traded fund can be traded in the stock exchange.
This subjects them to similar risks that come with trading in stocks. For example, if you were to invest in a Gold ETF, the custodian would more likely work with a leading bank to store the gold on their behalf.
If the financial system starts to collapse as it did in 2008, these banks might struggle to fulfill their contractual obligations. The exposure to counterparty risk will leave you in a bad spot and defeat your objective of investing in precious metals in the first place.
Gold Coins or Bars
If you don’t trust the financial system and want to avoid any counterparty risks, then consider investing in gold bars or coins. Buy gold bars and bullion coins from an investment dealer that is certified by associations like the Professional Coin Grading Service and Numismatic Guaranty Company.
The dealer can make the delivery to an insured commercial depository partner that they have on board. If you prefer storing gold at your home, they can also provide insured deliveries.
Precious metal dealers can also help you roll over your existing IRA into a precious metals IRA. In it, your pre-tax contributions will continue to grow without getting taxed till the time of withdrawal in your retirement.
These dealers can help you fulfill the criteria of a gold IRA, including ensure that the gold is 99.5% pure. They sell you gold that is produced by a refiner who is certified by leading organizations such as the national government mint, ISO 9000, TOCOM, LPPM, LBMA, NYSE, NYMEX, and COMEX.
Choose an Affordable Precious Metal Exchange
Orion Metal Exchange is a full-service precious metals investment dealer that helps you meet the criteria of a precious metals IRA. We sell only the purest gold, silver, palladium, platinum bullion, and coins available in the market.
Our in-house IRA department facilitates people looking to roll over their traditional IRAs into precious metals IRA. We take care of all the paperwork to ensure you don’t have to deal with any hassle. If you are just interested in purchasing precious metals, we can also help with precious metal storage companies options and insured deliveries.