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Discover how American investors are securing their wealth with physical Precious metals

00:01 Convert your IRA to Gold
00:14 How to convert your IRA to Gold
00:37 Second method for converting your IRA to Gold
00:51 Benefits of Gold IRA
01:28 How to move 401K to Gold without penalty
03:00 Home storage Gold IRA
03:18 Gold IRA reviews
03:32 Best Gold IRA companies

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If you have a Traditional IRA holding stocks and bonds and you want to transfer money out of that IRA and into physical Precious metals, this quick video will show you how to convert your IRA to Gold

Converting IRA to Gold

There are two ways to convert your IRA to Gold:

The first method involves these simple steps:

1. You take a distribution from your Traditional IRA
2. You pay the early withdrawal penalty of 10% (for investors under the age of 59 1/2)
3. You pay income taxes on the distribution at your existing tax rate
4. You use the money to purchase Gold Bullion bars and Coins at your local Coin shop

The second method for converting your IRA to Gold is to rollover or transfer funds from the Traditional IRA into a Precious metals IRA where physical Gold is held on your behalf

Benefits of Gold IRA

There are three key benefits of a Gold IRA

First, being able to purchase physical Precious metals inside a tax-advantaged savings account

Second, providing diversification for a Portfolio of stocks and bonds
And third, creating a hedge against Inflation

Investors are usually attracted to Precious metals when they feel some insecurity or anxiety about their existing financial situation.

Many investors diversify their retirement funds into Gold and Silver after becoming uncomfortable with the over-inflated stock markets and the financial shenanigans played on Wall Street.

Paper investments like stocks and bonds all have counterparty risk which means that other parties can default on their contractual obligations, causing the investor to lose all or part of their Investment

Gold Roth IRA

Precious metals IRAs can be established with either before-tax or after-tax money

An IRA established with after-tax money is known as a Gold Roth IRA

How to move 401k to Gold without penalty

The simplest way to convert all or part of your existing 401(k) to Gold is to set up a self-directed IRA using a Precious metals broker-dealer as the Trustee

Then you request a Trustee-to-Trustee transfer from your current 401(k) to the self-directed account

This rollover can be performed without any risk of triggering taxes or penalties

The big caveat on moving a 401K to Gold without penalty is that the move is only possible if you are no longer working for the company that provided the 401K. Currently active 401K accounts are not eligible for a Gold IRA rollover

Home storage Gold IRA

In a home storage Gold IRA the investor creates an LLC to act as Custodian

the Custodian stores the Precious metals in a safe in the investor’s home
this is a high-risk strategy – be very careful using it

Gold IRA reviews

If you do a Google search looking for reviews of “best Gold IRA companies” you will find numerous results

At first glance it may appear that these review sites are providing value by helping you narrow down the large field of Gold IRAs to just the best 5 or 6 companies

After looking at a few review sites, however, you may notice that they all look pretty much the same

That’s because they are all either affiliate marketers or lead generators and they are all trying to separate you from your hard-earned money

As always, caveat emptor, especially on the internet

Convert your IRA to physical Gold today

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Related topics:
Fidelity Gold IRA
Gold IRA Vanguard
Noble Gold IRA
Gold IRA tax rules

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FTC Disclosure: Satori Traders is a fee-only California-registered Investment Advisor. We provide Precious metals information for free to help consumers educate themselves. The contents of this video do not constitute financial advice. Satori Traders provides financial advice exclusively to clients with assets under management as detailed in our Investment Management Agreement. Always perform your own analysis and due diligence when putting your hard-earned money at risk. Before making any Investment decision consult your own Investment, Financial, Tax, and Legal advisors. These professionals will make recommendations appropriate for your personal circumstances and tolerance for risk. We receive compensation from external companies when you do business with them….(read more)

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