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Discover how American investors are protecting their wealth with physical Precious metals
00:14 Moving a 401k to Gold without penalty
00:44 Converting your 401K to physical Gold
02:54 Three key benefits of Gold IRA
03:12 Can I buy Silver with my 401K
If you have a 401K holding stocks and bonds and you want to transfer money into physical Precious metals, this quick video will show you how to move your eligible 401K to Gold without penalty.
There are a number of excellent reasons to invest in Gold:
• Protection against currency devaluation
• Protection against Inflation
• Diversification for a traditional Portfolio of stocks and bonds
• Opportunity for aggressive capital growth during the ongoing secular bull market in Precious metals
If you recognize the benefits of owning Precious metals but want to do so inside a tax-preferred Investment vehicle then rolling an eligible 401K into a Gold IRA may be the answer you are looking for.
This is the first video in a three-part series addressing the options for moving 401k money into Precious metals.
Video 1: How to move 401k to Gold without penalty
Video 2: How to move 401k to Gold
Video 3: Move 401k to Gold
Convert 401k to physical Gold
The ideal Gold Investment Portfolio is built on a foundation of physical Gold held in the Investor’s personal possession.
Start with some 1/10th ounce American Gold Eagle coins and throw them into your ‘grab-and-go’ bag along with the rest of the survival gear.
After securing an adequate supply of readily-accessible physical Gold consider options for moving retirement funds into physical Gold and Gold-related securities.
Since the IRS allows investors to buy physical Gold with 401K money it makes sense to understand how that works and whether it makes sense for your retirement Portfolio.
How to move 401k without penalty
The process of setting up a physical Gold IRA is straightforward.
You start by opening a self-directed IRA account with an IRS-approved Precious metals Broker-dealer.
Once the IRA account is open you perform a transfer or rollover from your existing 401(k) to the new self-directed Gold IRA.
Funds inside the Gold IRA may be used to buy permitted forms of Gold and other Precious metals.
Benefits of Gold IRA
There are three primary benefits of Gold IRAs:
First, they allow investors to purchase physical Gold with tax-advantaged funds.
Second, a Precious metals IRA provides diversification for a Portfolio of Stocks and Bonds.
Third, the metals held in the IRA create a hedge against Inflation.
Another benefit to be aware of is that when it is time to take a distribution from the Gold IRA we can choose to take possession of our physical Gold if we want.
Can I buy Silver with my 401K
To purchase physical Silver with 401K funds it is necessary to first move the money into a Precious metals IRA.
The Taxpayer Relief Act of 1997 clearly defined the parameters for Investors to hold physical Gold and Silver in their Individual retirement accounts (IRAs). Platinum and Palladium were added in 1998.
Those Gold IRA tax rules also specify the acceptable forms of Precious metal that can be held in a tax preferred manner.
In general, the metal must be of Bullion quality (99.95% pure) or better and come from a recognized source like a government mint.
Coins and bars meeting these specifications can be held in a self-directed IRA (“Gold IRA”) and those metals get the same tax treatment that stocks and bond receive in a traditional IRA.
Conclusions
This 401K to Gold IRA rollover guide has focused on buying Gold for retirement in a tax-preferred account.
By buying physical Gold with 401K money we can secure the ultimate store of wealth for ourselves and our beneficiaries, while taking advantage of the tax benefits available to US investors.
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)
LEARN MORE ABOUT: Precious Metals IRAs
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
REVEALED: Best Investment During Inflation
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