TIME TO OPEN A PRECIOUS METALS IRA ACCOUNT?

Is it time to open a precious metals IRA account? This is an excellent option for those who want to diversify their portfolio. Aside from being a stable form of investment, fine metals are not as complicated as other investments and are compatible if you want to rollover your 401k to a gold-backed IRA. These metals are ideal retirement assets, and the addition of 10 percent of your investment funds into rare metals is a very wise strategy that can help your portfolio weather volatile markets.

Opening a precious metals IRA account would be a great addition to your portfolio if you do not already have one. Including this type of retirement account in your portfolio strengthens your overall investments. The value of these metals rarely goes down – and when they do, fluctuations are not too drastic. Because of this quality, rare metals are seen as buffers against market volatility and instability. Because these metals are negatively correlated to the value of stocks and bonds, their value is expected to go up even if the value of stocks and bonds go down. Unlike stocks and bonds, you have better security since such metals are tangible assets that hold inherent value.

The easiest way to invest in precious metals IRAs would be to rollover your assets in your 401k as long as you are retired, since doing the same could be more difficult if you are still employed. You may also reassign cash or various types of securities when you open this type of investment account. A financial advisor can help you determine which metals to invest in and also help facilitate the transfers for you.

The right time to invest in fine metals would be at this very moment. Most financial experts recommend taking out a metals component in one’s retirement investment portfolio, but anyone can start investing in this type of account right now since the market is changing every day. Stocks that are selling great today might not be too hot tomorrow. On the contrary, the price of gold has increased more than 15 percent annually in the past 7 years.

Market gains from investments in rare metals are also exempted from capital gains taxes. This further increases their value and adds enormous savings to your investment, whether you are just starting out or are about to retire. You also have a lower investment limit if you invest in precious metal IRAs under the age of 50. In the United States, investors under 50 are allowed to invest $4,000 of their pre-tax income, while investors over 50 years of age can invest up to $6,000.

Whatever the size of your portfolio, if it is not diversified, then it will always be at risk when the market becomes volatile. Strengthen your portfolio by diversifying with metals. Whether you are planning to invest in gold, platinum, or silver, metals are ideal because of their stability and the growing trend of rising metal values in the current market. You only need to invest a small portion of rare metals in your retirement account to diversify your portfolio and stabilize your overall investments.