If you are like a lot of people right now you have been seriously contemplating a gold IRA rollover. Buying gold and storing it in your retirement account, and being able to make large returns on your investment that are 100% tax-free, is definitely a very appealing combination to many people. That’s why I want to mention some of the benefits to you right now so that you get a good understanding of this topic in case you want to make this move yourself some day.
The first major benefit to rolling over your IRA into a gold buying account is the fact that this is the only way that you can actually buy and hold the physical commodity gold as part of your retirement fund. You are not allowed to do this in any other capacity, so if you ever wanted to buy physical gold as an investment in your future then you really have no choice but to implement this rollover when you are ready.
The next big benefit that you’ll definitely appreciate is something I already alluded to. You will not have to pay any taxes on the gains that you make on your gold investments, ever at any point in your life. Once the gold is in the retirement account, and you sell that gold to collect your profits, that money is tax-free and you’re never going to pay the IRS one penny of the earnings that you make on this investment. So if you like making tax-free money this is one of the best ways for you to do it.
The final benefit I’d like to bring to your attention about owning gold in your retirement fund is that it’s a great way to diversify your current portfolio and protect your downside from inflation. This is how all of the big investors do it, and especially now in this tough economy it’s a great time for you to protect the value of your money by buying gold as a supplement.
So these are the major benefits I wanted you to realize about a gold IRA rollover.
I think it’s an excellent move to make and it will certainly help solidify your overall retirement portfolio.
Gold 401k Rollover 