Posts Tagged ‘gold ira rollover’

Gold Investment with 403(b) Accounts

by IRA Rollover in 403b with Comments Off on Gold Investment with 403(b) Accounts

When you are considering buying gold in preparation for retirement you can probably think of a dozen questions to ask, especially if you’ve never had the opportunity to invest in gold. Your IRA (individual retirement account) is a great product to use in gold investment but what if you have a 403(b) account? Let’s take a look at exactly what a 403(b) retirement account is and what you can do with it if you want to invest in gold.

What is a 403(b) Account?

If you work for a tax-exempt organization such as a public or private school, hospital, a church, a museum, or a charitable organization you probably have a 403(b) retirement account. The 403(b) is so named simply because it is in section 403(b) of the tax code that deals with retirement plans. Established in 1913, the tax code originally was 400 pages long. By 2010 it had grown to 71,684 pages and is surely much longer now! With so many rules, requirements, and exemptions, referring to specific financial products by their number in the tax code is about the only way to keep them straight.

A 403(b) retirement plan is tax deferred, which means you won’t be taxed on it until you start to use it. Anything you take out of it during retirement is taxable income. Unlike other IRAs, you must begin mandatory minimum distributions at age 59 ½ whether you have stopped working or not. Once you begin to withdraw money from your 403(b) you will have to pay taxes on it just as you do on the money you earn before retiring.

How Much Can I Contribute to a 403(b)?

If you are younger than 50 you would have been allowed to contribute $18,000 into the account in 2016; if 50 or older you could make catch-up contributions up to $6,000. You should check with your human resources department or the tax code to get the current limits.

What Investment Products do 403(b) Accounts Use?

The 403(b) plan used annuities as their sole investment product until the mid 1970s. Annuities are basically insurance policies; your contributions to the fund pay the premiums on the policy. When you retire you can draw a monthly income or a specific amount in a lump sum. The lump sum will consist of your contributions plus the interest they have earned. Some annuities offer a fixed interest rate while others vary with the market. And although the contributions are tax free, there are stiff penalties for withdrawing from the account before the annuity matures.

These days most 403(b) plans allow participants to invest in stocks and mutual funds, as well as annuities or a combination of the three products. If you have done any research on investing, you know that the key to success is diversity. Having a 403(b) retirement plan limits your investing options but you may be able to contribute more over your lifetime since your contributions are not taxable.

There are four types of investments currently approved for 403(b) retirement accounts:

  • Mutual funds
  • Individual bonds and stocks
  • ETFs, or exchange traded funds
  • Fixed or variable annuities

Can I Fund a 403(b) With Gold?

You cannot yet use a 403(b) retirement account to invest in gold or other precious metals but some plans do allow gold investment in the form of gold stocks and gold ETFs (exchange traded funds). While many investors find that gold stocks and ETFs are profitable for them there are significant risks in “paper gold” as these investments are called.

The Pros and Cons of Funding a 403(b) Account with “Paper Gold”

Paper gold is just that—a declaration of gold value on paper or papers that state you hold shares in a gold mine or a company that owns a gold mine. You can find companies like this on the Gold Miners Index (GDX). ETFs are another form of paper gold whose value rises and falls depending on how risky the financial climate is.

Owning part of a mining facility can be very profitable but you are also prey to circumstances beyond your control. You are at the mercy of regulations and taxes imposed on these companies by the federal government. If you buy stock in a mine that is located in a foreign country you could profit more due to the lack of regulation. However, if your mine is in a volatile, unstable country you run the risk of it being confiscated by a temporary government, rendering your investment worthless.

Owning stock in a mine also means that your profits depend on the costs or production and the quality of management in charge of the facility. Poor management can mean that you are left holding worthless paper if the mine shuts down. You are also out of luck if the nation experiences a currency collapse since the value of your gold is only on paper, not in your physical possession.  

currency fail - buy gold

Gold ETFs are also riskier than owning physical gold because the stocks rise and fall faster as the spot gold price moves around. There are scores of these ETFs on the market today and some perform very well, making nice profits for their owners. Others aren’t efficient gold investment products because of excessive fees. When choosing an ETF product it’s important to make sure that all your profit isn’t consumed by fees and other expenses.

You Can Still Use a 403(b) Account to Buy Gold

If you work for a tax-exempt company that has provided you a 403(b) retirement account you can still use that account to invest in gold bullion, bars, or other forms of physical gold. All you need to is roll over your 403(b) into a more conventional 401K or other retirement account that allows you to fund it with physical gold. 

Rolling over your 403(b) is not at all difficult. You have a choice of a direct rollover or cashing out and re-investing in a 401K. If you choose to cash out you have exactly 60 days to invest the funds. If you haven’t done so by day 61 you’ll pay a hefty 10% penalty on those funds. You are not permitted to use the cash to buy investments before you establish a new IRA. Having an IRA already set up before you withdraw funds is the best way to maneuver those funds and keep within the time limits allowed. You are limited to one rollover annually.

Of course, you can also take advantage of a direct rollover in which you never see the proceeds of your 403(b). It is transferred directly into a waiting IRA, ready for you to invest it as you see fit. Most people choose this option because it’s so convenient.

Once your funds are deposited to a more conventional IRA you can begin buying gold and storing it for your retirement.

gold value always rising - safe investment

Diversity is the Key to Successful Retirement

Successful, profitable investing depends on diversity. Gold investment should be only one of many financial products that you use to insure a comfortable retirement. While gold will always be valuable and never worthless, don’t put all your money into precious metals. You should have an assortment of products such as stocks, mutual funds, bonds, real estate, and other investments. When one product is not doing so well the others will likely be earning. Ideally you should invest at least 5-20% of your retirement assets in precious metals. You can do more if you want but the more you diversify the more secure and comfortable your retirement will be. 

As you can see, the form your IRA takes doesn’t have to keep you from buying gold. There are legal and sensible ways to invest in gold no matter what type of IRA your money is invested in.

If you are a conservative you’ve probably heard at least one commercial featuring Glenn Back promoting the sale of gold bullion at the very best gold prices available. Since 2008, his radio and television shows as well as his internet endeavors have been sponsored by Goldline, LLC, a company he enthusiastically endorses. But do they really have the best gold prices on gold bullion?

Things Aren’t Always What They Seem

Most large companies maintain a publicity department to project a favorable image and counteract any negative feedback or news regarding their operations. In most cases the public can be persuaded to believe the best about anyone or anything if there is a good PR firm involved. However, once legal action is taken it’s hard to put a positive spin on it. This is what happened to Goldline.

In November of 2011, California prosecutors charged Goldline with using a bait-and-switch tactic to lure customers into buying antique coins as investments. A total of 19 counts of theft and fraud were included in the indictment. The complaint alleged that Goldline lured customers with gold bullion then persuaded them to invest in overpriced coins “using false and misleading claims”. There were also complaints from customers who received different products than what they ordered. Goldline had to pay to have a federal prosecutor monitor their operations for five years in order to make sure they are operating honestly and not misleading consumers.  

Sales personnel at Goldline were trained to offer gold bullion but switch to overpriced antique coins that were marked up as much as 50%. In order to lure customers seeking gold bullion and the best gold prices Goldline hired high visibility spokespersons such as John Mercanti, a retired engraver for the U.S. mint. Other prominent endorsers include radio personality Mark Levin, Mike Huckabee, actor and politician Fred Thompson, and Laura Ingraham. 

Don’t Believe Everything You Hear

Celebrity endorsements do not mean a product is good; it means that the celebrity is being paid to get you to buy the product. A popular actor or politician brings in sales because people trust their perception of the kind of person they are. They don’t realize that those personalities are not actually the people they portray on the screen or impersonate on the campaign trail. A product should be purchased on its own merits, not by what a popular actor or public figure says about it.

When a spokesperson claims that they are a customer of a company like Goldline it is probably true. Companies hand out products to their endorsers at no charge or minimal cost so that they can make the claim that they buy the product.

invest in precious metals ira

What’s So Wrong About Buying Antique Coins? 

There is nothing wrong with buying antique coins as investments as long as you know that their value is fluid depending on the market. Numismatic coins are a fascinating hobby and can be quite profitable but their value depends on supply and demand. Buying a gold collectible/antique coin will often cost you more than the value of the gold it contains and if there is no demand for it you can lose up to 90% of what you paid for it.  

If you are buying antique coins because you love to collect and sell/trade them, that’s a valid reason. If you are buying them in order to invest in gold, you may be making a costly mistake. Selling these coins to buyers who know nothing or very little about the market for collectible coins is very profitable to the seller but quite costly for the buyer. Remember that it is their business is to get you to buy those coins and they’ll do anything to get your money. 

Making Money by Fomenting Panic 

Companies dealing in gold bullion and other precious metals aren’t the only ones that encourage a fear of economic and societal collapse to get you to buy their products. If you acted upon all the dire warnings you hear on television and radio your home would be full to the rafters of gold, silver, platinum, palladium, freeze-dried food, guns, ammunition, water filtration devices and various items of barter. Their reasoning is that if you feel as if your family is threatened you’re going to spend all you can afford on these things. Actually, the only ones that profit are the merchants you buy from. It total collapse really came to pass, none of those items would do you much good in the chaos that would result. 

Another tactic Goldline and other companies are fond of using is fear government confiscation of gold. The sales staff would tell prospective buyers that antique coins are the only type of gold that the government can’t legally confiscate. This is not true and there are no federal laws or Treasury regulations that back up that claim. It’s true that the federal government confiscated gold in 1933 but that is the only instance and federal law states that confiscating the gold of private citizens is legal only in a national emergency.  As a condition of their settlement with California, Goldline is no longer permitted to claim that the federal government can confiscate the gold of private citizens.

protect your family from failing economy

When is the Best Time to Buy Gold?

The best time to buy gold, quite frankly, is any time. There are scores of headlines about gold hitting bottom or being at its highest price in history, shouting at you from internet and print headlines as well as mass media. The truth is that whatever the price of gold is, it’s more valuable than our paper currency that is backed only by air and promises.

You’ll find that when stocks are at an all-time high, inflation is under control and the dollar is strong the price of gold is low. This doesn’t mean that gold is worth less, it just means that consumers and the government are confident in the economy and the demand for gold is not at its highest. When these conditions worsen, the price of gold is higher. Gold’s worth is not dictated by the economy, only its price. It is the most stable commodity you can buy and will be one of the few valuable media of trade if the currency collapses.

Make Your Gold Investment Wisely

It’s a good idea to diversify with silver and platinum when you are investing in precious metals. As well as having a variety of metals it is also wise to buy a number of sizes. Precious metals, including gold, are sold in weights as small as one gram (.03 ounces). This means that you can buy gold for as little as $40-50 and begin to build your security and wealth.

Glenn Beck and other celebrities and public figures will try to get you to buy gold from the companies that pay them. It’s up to you to thoroughly research the companies you are thinking of doing business with. Dealing with a company you can trust is just as important as getting the best gold prices on gold bullion and other precious metals when you are insuring a secure retirement.

We suggest you to follow the below three steps:

Investing your hard earned money should not be a quick decision – We advice you to do your research and be absolutely comfortable with whichever company you decide to invest with:

Step 1:

Visit our  Top Gold IRA Companies review page

Step 2:

Visit our recommended company Regal Assets

Step 3:

Call this Regal number and get all your questions answered – Free of Cost – 1-877-721-2659

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How Will President Trump Affect Gold Prices?

by IRA Rollover in Politics & Gold with Comments Off on How Will President Trump Affect Gold Prices?

Nothing influences the price of gold quite like politics, particularly in an election year. No matter who wins or what they have promised, the weeks following the election are usually turbulent and uncertain for gold prices.

Changing Policies Mean Price Fluctuations

In the two weeks following Donald Trump’s election gold fell 0.1%. The stock market has been volatile as well, in large part because no one knows what to expect from the new president. The only thing anyone is certain of 6 weeks into the new presidency is that there will be some big changes in policy and uncertainly about the economic future. The two executive orders on a travel ban, uncertainty about whether there will be a southern border wall and how much it will cost, and the reorganization of major government offices tend to make the markets insecure. The price of gold reflects those uncertainties, moving up and down with every new change. It seems that the only consistent thing these days is inconsistency.

This could be good news for gold prices. As big changes are made the economy suffers from a general lack of confidence, the dollar weakens, and the price of gold rises. Some experts are predicting that gold will gain another 15% by the end of 2017 to hit at least $1400.

What do Trump’s Cabinet Appointments Mean for the Price of Gold?

President Trump has some big plans for the nation and none will come without consequences, both good and bad. The Department of Justice, for example, is going to change the entire attitude of law enforcement with the installation of Jeff Sessions as Attorney General. More emphasis will be placed on the letter of the law and less on recent social justice causes. Likewise, Trump’s appointments to the Supreme Court over his term of office will undoubtedly impact many areas affecting business and commerce and thus affect the price of gold.

One of the Trump appointments that will make a huge impact on gold is Rex Tillerson as Secretary of State. His duties include meeting world leaders, negotiating treaties and agreements, and working to insure that economic conditions are favorable to the U.S. A former CEO of Exxon, he is uniquely qualified to deal with oil rich countries and has many contacts to tap into when it comes to negotiating trade deals. He can change or cancel existing trade agreements if they don’t appear to be beneficial to the country. This could mean our economy will improve and become more financially stable, thus driving down the price of gold. Or he could be the wrong choice for the job and drive up the price of gold by making the economy more unstable.

What about His Financial Policies?

Trump’s choice of Steven Mnuchin for treasury secretary (also rumored to be the choice of Mrs. Clinton if she had won) created a lot of uncertainty for many. Mnuchin has a solid financial background; he’s connected with both Goldman Sachs and the Soros Fund Management. It appears that he may endorse the continuation of charitable tax deductions for the wealthy, a deduction that allows them to avoid paying millions in taxes each year. Mnuchin may also endorse more tax loopholes for corporations assuming tax reform doesn’t lower corporate tax rates. He also is a proponent of abolishing the home mortgage tax deduction that mainly benefits what’s left of the middle class. These policies would not be doing the economy any favors and may even have a devastating effect on consumer confidence and spending. In this case the price of gold would most certainly get a substantial boost.

As for interest rates, the Feds are not changing them yet because of the pressure of rising prices. Trump has said several times that the zero interest policy of the fed since 2008 has been bad for both savers and the country’s economic growth. Concern about interest rates along with fears of global depression and a tariff war caused gold’s price to spike on election night then lose $100 an ounce in the days following the election. Speculation about rising inflation also helped the price of gold to rise.

During his campaign, President Trump mentioned a few times that he’d like to return to the gold standard but that is very unlikely. If it did happen there would be little demand for gold and the price would fall dramatically.

Will Donald Trump Spend the Country Into Ruin?

If Trump makes good on his promises to spend $1 trillion on the country’s infrastructure, improve the military, and dramatically cut taxes for businesses the economy might suffer but gold prices would rise. The national budget is now in the red $500 billion each year and Trump’s plans could worsen the situation even if we experience higher growth due to those policies. The spending excesses of the past 8 years would make any recession push our budget deficit to more than 10% of the GDP.

If Trump succeeds in tightening the purse strings and interest rates go higher the fed may be able to avoid monetizing the national debt. Gold prices would naturally shrink as the economy and consumer confidence improved. However, if Trump is not willing to subject the nation to real economic distress that would follow higher interest rates the fed would have to monetize the debt and set us on a course toward hyperinflation. That would be a boon to gold prices.

The speculation that a lot of regulations will be tossed off the books is making businesses optimistic and may compensate for some of Trump’s spending. Many regulations have already been tossed aside, improving business conditions and making the stock market a bit healthier. The previous administration instituted over 25,000 new regulations on business and the environment that drastically reduced the number of new businesses, crippled or destroyed many small businesses and adversely impacted the bottom line of many large corporations. Indeed, many major businesses moved to other countries. This trend is reversing since a new president was elected and at least two major corporations have cancelled their plans to move or open factories in other countries.

Rumors and Drama in the White House

There has been much speculation among those unhappy with the new president as to whether Donald Trump will be impeached and not serve out his term of office. This would certainly wreak havoc on the economy and gold prices would soar. Impeachment, though, is a rare occurrence when it comes to our presidents. Impeachment proceedings have mostly been brought against judges in the federal courts, not the highest office in the land. And a presidential impeachment does not mean he or she loses their office.

A public official can be impeached only if they are convicted of treason, bribery, or other high crimes and misdemeanors. The last requirement is subject to political manipulation and usually means that the official neglected his duties. For instance, President Bill Clinton was impeached in 1999 for perjury and obstruction of justice. He was not removed from office because no more than 50 senators were willing to vote for his ouster. A House majority is required to bring impeachment charges; the Senate then tries the official and 2/3 of their votes are needed to convict. The only other president to be impeached was Andrew Johnson and he kept his office because of the lack of one vote 

It is unlikely that the price of gold will be affected by something as dramatic as the impeachment of the president. That will come as a relief to many who prefer consistency to drama.

Where Does This Leave the Price of Gold?

There have already been a lot of changes and many more are on the way. The price of gold surged to $1,337.40 once the election results were in but fell below $1,300.00 as the financial world’s confidence slowly grew. By February 23, 2017 the economy calmed down further and gold had fallen to $1,249.55.

Predicting the price of gold isn’t always easy given all that’s happening in the Trump administration and the effect it may have on the economy. A healthy economy means lower gold prices and a struggling economy drives the price of gold higher. The important thing to remember is that gold has the same value no matter how many dollars it takes to buy it; it’s the dollar whose value changes, not the gold. The price of gold will always be a bargain for the security and lasting value that it brings.

Do Politics Affect the Price of Gold?

by IRA Rollover in Politics & Gold with Comments Off on Do Politics Affect the Price of Gold?

Nearly everything affects the price of gold because human nature being what it is, we want to feel secure. If the market falls or inflation creeps up, people panic financially. When housing prices rise people feel wealthy and spend more freely even though they probably shouldn’t.

We’ve all seen how the market fluctuates during a presidential election cycle and how the price of gold can rise and fall as the campaigns progress. As one or the other candidate moves ahead the price moves accordingly. A candidate with solid fiscal policies might influence the stock market one way while a more socially aggressive candidate can produce the opposite effect. 

Are Politics the Only Factors that Affect Gold Prices?

If you’ve been through a few presidential elections you may have noticed how gold prices fluctuate as one candidate or another moves ahead. Their potential policies either frighten the market or reassure it and it rises and falls accordingly. But gold prices depend on other factors, too, and during election years these factors are substantially impacted by who is running. The price of gold is mainly affected by: 

  1. The global economy
  2. Inflation
  3. Interest rates
  4. Other financial assets such as bonds and currency
  • Inflation Raises Prices, Not Values

Inflation is one factor that frequently affects gold prices. Simply put, inflation means higher prices and high wages, an inflating of the currency. As prices rise and consumers make more money the price of gold also rises because it takes more dollars to buy the gold. The value of gold remains the same as it always was but since the currency is weak you will need more dollars than you used to in order to buy an ounce of gold.

Put another way, your favorite steak cost $3 a pound last year but this year it is $3.15. The price has been increased 5%. You are still getting a pound of steak but spending more dollars for the same item. Gold that cost $1200 an ounce last year has risen to $1260, also an increase of 5%. You are still getting an ounce of gold but you have to pay more for it since the dollar isn’t worth as much as it was last year. 

politics effecting economy

  • The Global Economy

The value of a country’s currency is important to every other country that deals with it. If China’s currency falls in value that means that the goods they produce will be cheaper for other countries to buy. Of course, that means that selling goods to China will be more expensive. It also means that consumers will favor Chinese goods over native goods since they are cheaper; the native market will likely suffer from over supply and lack of demand. Employers may have to let some workers go, reduce production, and raise prices in order to make a profit. This can result in inflation and cause the price of gold to rise.

gold ira world economy

  • Interest Rates

In Mid-March of 2015 gold hit a low of $1,142 because investors thought that the Fed might raise interest rates. Low interest rates means that bonds won’t perform well so people buy gold and other precious metals. High interest rates make bonds and fixed-income investments more attractive; demand for gold is low and the price for gold falls. Investors will always turn to the assets that increase their wealth.

  • Alternative Financial Assets

Bonds and currency trading can be very profitable for investors. When interest rates are high, bonds are a good investment. (A bond is a loan wherein the investor makes money on the interest) Currency trading can also be profitable depending on how good an investor is at tracking trends and buying at the right time.

gold ira financial assets

It All Ties In

So how do these four financial aspect factor into the effect of presidential elections on gold prices? Every presidential election since 1888 has seen the stock market drop around .5% in the first week the new president takes office. This can affect the global economy in a domino effect and indeed, it has in years past. As the global economy rises and falls, so do gold prices.

Gold prices are sensitive to politics because politics greatly influence economics. When national debt is a concern because of excessive spending, employment figures fall, and when inflation is high gold prices go up because the dollar is weak. Gold prices tend to be higher (and the dollar lower) during the 2nd term of any president.

A president with sound fiscal policies will usually encourage economic growth and stability, making the dollar stronger and gold prices more stable. Likewise, a president who spends most of the nation’s wealth on expanding social programs may see a weakened dollar, at least at first, as money is invested in social progress rather than tangible products. How the economy reacts to government policies affects the dollar and thus the price of gold.

It’s no wonder that gold fluctuates so much near the end of an election cycle and in the beginning term of a new officeholder.

With all these political and economic factors, any one of which can change in an instant, it can be hard to gauge when it would be the most advantageous to buy gold. A wise investor watches current events but makes regular investments in gold, setting aside money buying at regular intervals regardless of the price. Diversifying your investments and making gold an important part of your retirement portfolio will insure that your wealth grows steadily and securely.

Rules for Gold IRA

by IRA Rollover in Gold IRA, Gold IRA rollover with Comments Off on Rules for Gold IRA

Whether you are trying to decide what type of IRA to get or rolling over to a gold IRA, there are rules that you must adhere to in order not to incur costly penalties.  You need to learn and obey those rules or retain a custodian to help you.  Just retaining a gold IRA company isn’t enough because most of them just buy the gold that you order and make sure that it reaches an approved storage facility.

Types of Gold Allowed in an IRA

Most people unfamiliar with the rules think that you can buy any type of gold for an IRA.  However, only certain types of gold are allowed.  You can only add bullion or gold bars that come from accredited manufacturers like Nymex, LBMA, or MLE.  The gold must be at least .999% pure.  This rule, like most of the other rules about a gold IRA, is intended to protect the investor and insure that their assets are no inferior products that could compromise the wealth they are accumulating.

You may add bullion coins to your IRA but they must be distributed by certain countries and meet the standards of purity of gold bars.  The Canadian Gold Maple Leaf is allowed but South African Krugerrands are not because they don’t meet purity standards.  One tenth, one quarter, one half and one ounce U.S. gold coins are allowed but the only coins specifically permitted to be included in a gold IRA are American Gold Eagle coins of those denominations.

Gold IRA – No Collectibles Allowed!

No collectible coins other than proof American Eagles are allowed to be included in a gold IRA.  You often see advertisements for coins made of gold or other precious metals that are touted as ideal investments.  You can buy them if you like but collectible coins cannot be part of your gold IRA.  There is nothing to stop you from buying them and storing them yourself for future sale but they can’t be part of your gold IRA.  This is because collectible coins do not hold their value like gold bullion coins and they do not meet the purity standards for a gold IRA.

If you do buy unapproved gold for your IRA the IRS will consider it a withdrawal will charge you income tax on the value.  Worse, if you do this and you’re under 59.5 years you’ll also incur an additional 10% penalty.  So be careful to stick to the rules or the IRS will make it very painful.

Gold IRA – Administrative Rules

You have to have a custodian for your gold IRA or open it as a self directed IRA.  If you don’t want to administer your own IRA, choose a custodian carefully.  You need one that knows the rules and will make sure that your gold is stored safely.  Most custodians work with approved major depositories that meet federal security and safety standards.

If you don’t want a custodian and elect to open a self directed gold IRA you will have to find your own federally approved storage facility and arrange shipments accordingly.

Gold IRA – Time limits

If you’re rolling over a traditional or Roth IRA into a gold IRA you have to do so within 60 days or it counts as a withdrawal and is taxable.  If you go over the 60 days you won’t be able to access your assets for an entire year so consider your choices and timing carefully.

Gold IRA – Funding Restrictions

Any IRA has funding restrictions.  You can only put $5,000 a year into a gold IRA; you’ll have to plan to build up the funds throughout the year and watch your purchases carefully unless you want to make the entire deposit at once.

The only time you can put more than $5,000 in your gold IRA is when it is a transfer or rollover.  So if you have $30,000 in your IRA and are rolling it over into gold that is an allowable deposit.  However, you can’t put that same amount of gold into an established gold IRA all at once, it has to be made over a period of 6 years.

Opening your Gold IRA

Be sure you talk to several custodians or understand how much responsibility is involved in a self directed gold IRA and make your decision accordingly.  Plan how you’ll buy the gold, how you can structure your budget to make maximum contributions, and how you’ll time those deposits.

Above all, diversify your assets and don’t depend exclusively on gold for your retirement savings.  You are allowed to have more than one IRA or you can use an employer sponsored 401K to help diversify your assets with stocks, bonds, mutual funds, commodities, and other allowable financial products.  Although gold is the ideal way to protect your money from inflation and fickle economies, diversifying your assets will help insure that you can retire to a lifestyle that is comfortable and rewarding.

Peter Schiff

by IRA Rollover in Gold Advisors, Gold IRA rollover with Comments Off on Peter Schiff

peter schiff

Wherever you look, people are talking about the economy and being prepared for the future.  Unfortunately, most consumers are not as prepared as they should be.  They may save and invest money but the dollar may not be worth much-if anything-when they retire.  That’s why experts like Peter Schiff endorse gold investments for a secure future.

Who is Peter Schiff?

So, who the heck is Peter Schiff?  He is a world renowned business owner and gold investor and son of Irwin Schiff, a major figure in the tax protester movement in the U.S.  After graduating Beverly HillsHigh School, Peter went on to earn a bachelor’s degree in accounting and finance in 1987 at Berkeley Hass School of Business.

Peter’s education and business experience have led him to believe strongly in the value of investing in precious metals.  His investing philosophy has gained credence as the economy continues to be unstable and the value of the dollar erodes.

How Does Peter Schiff Know So Much About the Economy?

Schiff is so knowledgeable about the economy partially due to his involvement in politics.  Unlike many financial advisors who regurgitate book-learning without real world experience, he was Ron Paul’s economic advisor and helped draft Paul’s economic revitalization plan.  Peter received endorsements from Ron Paul as well as Steve Forbes when he decided to run for the U.S. Senate in 2009.  He was defeated by Richard Blumenthal but gained valuable insight on how politics and the economy affect each other.

Peter continued his research on the economy and working closely with his father he decided that he should secure his wealth with gold and silver.  His research convinced him that was the safest and most profitable way to go as he watched the economy collapse; his projections for the value of the dollar convinced him beyond a shadow of a doubt that precious metals was the best way to plan a secure future.

Why Should I Listen to What Peter Schiff Says?

Peter Schiff founded Euro Pacific Capital, Inc. in 1997, a full service broker and dealer whose specialties are securities and foreign markets.  The company now has six offices across the United States.  Feedback from the company’s clients is nearly exclusively positive, leading Schiff to an interest in educating the public about investing wisely.  The Peter Schiff Show, broadcast online and on radio, is one way he is reaching out to urge people to secure their investments in gold before the dollar collapses.  He has also written books explaining the economy and where it is headed and done so in such a way that the average person without a college education can understand and absorb that knowledge.

Protecting Your Future 

Peter’s goal is to insure that as few people as possible are caught be surprise when the economy crashes and the dollar collapses.  His goal is not entirely altruistic, however.  He points out that the more people who have secured their wealth with precious metals, the better off he and everyone else will be!  He’s not just talking about millionaires, either—anyone can grow a little money by investing it wisely and turning it into a comfortable nest egg.

Schiff is encouraging people to have a gold backed IRA and to invest in gold and precious metals to secure their financial future.  There are scores of companies that will help you achieve that goal.

Visit our Top Gold IRA Company Comparison Page 

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Laura Ingraham

by IRA Rollover in Gold Advisors, Gold IRA rollover with Comments Off on Laura Ingraham


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Laura Ingraham recommends Regal Assets

Do You Know What A Gold IRA Is?

by IRA Rollover in Gold IRA with Comments Off on Do You Know What A Gold IRA Is?

Before you can understand what a gold IRA is you must first be familiar with the term ‘IRA’. An IRA is an acronym for Individual Retirement Account. These types of retirement accounts differ in that investors can choose multiple types of investments to include in their investment portfolio. A gold IRA simply means that the investor has included some type of gold into their retirement account.

Most investment experts agree that all IRAs should include gold. A gold investment can help to create a well-crafted portfolio. When you include metals into your portfolio your account will also receive some added benefits.

Adding Gold To Your Portfolio Will Make It Stronger

It is well known that gold maintains its value more easily than other types of investments. When the stock market fluctuates or bonds take a dip, gold will sometimes increase in value. Gold is considered a safe investment because it helps to protect other investments that you may have.

A Gold IRA Will Provide Your Portfolio Protection

Not only does a gold IRA help to increase the value and strength of your account, it will also help to keep your account stable no matter what happens to the dollar. If your portfolio consists mainly of monetary investments, gold will help stabilize your account.

Gold Will Never Lose Value

Gold always maintains its value or increases in value. It is considered just as valuable as paper money. It is also a wonderful way to add some diversity to your account. This is why most people invest in gold when the economic climate is good and when the economy is not doing well.

The Ways You Can Obtain Gold147549

If you want to add gold to your investment portfolio you should be aware of a few things. The government does regulate who can have actual possession of the gold coins or bullion bars that you purchase. You will need to know the type of coins or bars that you can own and you will also need to know where they must be stored.

Some people do have self-directed or self-managed IRAs, but if you want to add gold to your account you will be required to have a trustee appointed to your account. The trustee will ensure that you obtain ownership of the gold smoothly and without complications. The gold will then be stored under your name in special depository that is located in Delaware.

There are several companies that you can choose from when you are looking for a trustee for your gold IRA. Some of these companies are:

  • The Entrust Group
  • GoldStar Trust Company
  • Sterling Trust Company

You Do Not Have To Buy Physical Gold

Instead of purchasing gold coins and bullion bars some investors choose to invest in gold indirectly. There are not many gold IRAs that hold physical gold and there are two ways in which you can add gold to your portfolio without obtaining it physically:

  • You can purchase a share of an ETF (Exchange Traded Fund)
  • You can purchase mining stocks

Trying to add gold to your IRA can be a difficult path to figure out. This is why you should enlist the help of a professional who will help guide you through the process.

You can have all your doubts cleared by talking with Regal Assets @ 1-877-721-2659