When it comes to investing for retirement, nothing is as good as gold. No other asset is a better hedge against inflation than gold, and gold retains its value no matter what is happening in the different economies of the world. Therefore, it’s an excellent investment when it comes to securing your own retirement, no matter when that comes.
An uncertain economic future
As the baby boomer generation reaches retirement age, the ratio of retirees to workers is increasing. Correspondingly, pressure on the federal government increases to shortchange people who have worked hard to guarantee their retirement, but an investment in gold gives you physical ownership that can’t be touched. Furthermore, Americans are living longer and longer, and will need more and more income to last through retirement. The stock market may crash in upcoming years and let you down but tangible gold bars and coins won’t.
Using a gold IRA account
The United States Congress has made it possible for individuals to put precious metals, including gold, into their IRA accounts. With a gold IRA account, you will have the security of a retirement that’s guaranteed by actual gold bars and coins, and that’s a great feeling to have as you plan for your future.
Converting a gold 401k account
Many nearing retirement age choose to buy gold through a gold 401k account, and this can work out really well. Another option is to simply roll over the assets in your 401k account into an IRA and purchase gold from there. While it’s generally not possible to hold antiques, rare books, etc. in an IRA, gold is no problem. A gold broker or dealer is your best bet to set up this type of IRA because most employers won’t know how it’s done.
