An IRA, which stands for Individual Retirement Account, is available to all residents of the United States and is ideal for anyone looking to safeguard their future. IRAs are particularly worthwhile for people who are self-employed, allowing them to emulate the sort of retirement plan that an employer would provide.
WHY A PRECIOUS METALS IRA?
IRAs, otherwise known as individual retirement accounts, can be a good start to your retirement savings and another opportunity for your earnings to grow tax-free. But a standard IRA invested entirely in stocks, bonds, and mutual funds is putting your savings at risk. You are relying on the government, on fallible currencies and economies.
This major risks are driving investors to protect their portfolios from crisis and volatility with physical gold and silver. Think of precious metals as the ultimate retirement insurance policy. Precious Metals IRA are a perfect way for investors to diversify their IRA portfolio.
HOW DO THEY WORK?
Precious metal IRAs work in the same way that normal IRAs work. Simply put, rather than depositing real money into your plan every now and then, you will convert that money into gold and/or silver and that will sit in your IRA, building your financial future. The IRS limits your choice of coins and bars that are approved for use in a Precious metals IRA. Goldbroker will direct you to the right IRS approved products: Gold, Silver, Platinum.
IS IT BETTER THAN A STANDARD IRA?
It’s not for us to say whether this is better or worse than a standard IRA. Obviously, in our opinion, it is much better, but that’s all it is, an opinion. We don’t know what the future will hold, and we can’t say for certain whether this would be a better investment than a typical IRA. However, what we can say for certain is that many people prefer precious metal IRAs, and over the last twenty years, they have performed much better than standard IRAs.
As an example, if you set up a standard IRA in the year 2000, your first decade would have looked pretty bleak and even now you wouldn’t be looking at much of a profit. That’s not the sort of outcome that you want and it’s not the sort of outcome that is going to help you build for a better future. However, if you had chosen to invest in a gold IRA with just 10 ounces, costing around $2,500, within a single decade your initial investment would have climbed to around $20,000.
Since then gold has continued to climb, and while there have been dips, much of its growth has been steady and experts predict that will continue for many years to come. So, don’t worry that you missed the opportunity by not investing 10 years ago, and be sure to invest now, so that in ten years you don’t look back and regret another missed opportunity.
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