What You Need To Know About How To Start A Gold Ira

Are you one of the unfortunate ones who lost all of your retirement savings in the most recent financial meltdown? If you had all of your retirement savings invested in traditional 401k or IRA retirement accounts, there is a good possibility that you starting your retirement savings from scratch. This is where it is important that you start saving for your retirement the right way with a gold IRA or 401k.

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What is a gold IRA, you might be asking.

A gold IRA is a retirement account that operates exactly like other IRS sanctioned retirement savings accounts with one notable exception. Instead of the usual paper backed securities like stocks, bonds, and mutual funds, a gold IRA offers gold, silver and other precious metals to invest in.

But, how is this going to help me save for my future?

By investing your tax deferred dollars in gold and silver rather than paper backed securities, you are ensuring that your retirement account will always have value. How is that? Because while gold does experience some volatility in its value, it doesn’t do so in the same way that paper backed securities. Investors have been investing in gold and other precious metals for hundreds of years. Because of it’s relative scarcity, gold has always had and will always have intrinsic value. This means that by adding it to your retirement savings mix, your account will never be worthless. As a matter of fact, the more unstable the financial markets become, the more valuable the gold in your account becomes, helping you stave off losses associated with the devaluation of traditional paper backed securities.

So, how do I start a gold IRA?

What’s amazing is that starting a gold IRA is as simple as placing a call to Goldco Precious Metals. Goldco Precious Metals is a leading gold IRA company in the industry and have extensive experience in helping people at all stages of their lives start the retirement savings account that can actually provide them with the financial security they crave. What’s even better is that the process is fast and simple. Goldco Precious Metals can have you set up and investing in gold in as little as just a few days. Here’s how it works:

how to start a gold IRA

Call Goldco Precious Metals and tell the representative that you want to start a gold IRA. He or she will collect the pertinent information from you, which will take a few minutes of your time, and then begin the process of opening your gold IRA. Account opening takes 1-2 days on average.

After the account is open, Goldco Precious Metals will contact you and give you your options for funding the account. You can use funds that you already have available in your bank account or existing retirement accounts and transfer them into your new gold IRA. If you choose to fund your account with funds in an existing retirement account, Goldco Precious Metals will work with you to process what’s known as a gold 401k rollover.

Lastly, you will provide direction to Goldco Precious Metals as to what metals you wish to invest in.

It’s just that easy. So, if you are ready to start investing for your future smarter, then call Goldco Precious Metals today. For more information, please visit https://goldcopreciousmetals.com/gold-ira.

Goldco Precious Metals can help you learn how to start a gold IRA as well as how to invest your savings in gold. Visit today to learn more.

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