Although the elections have ended, it is safe to say that there is an economic ‘frankenstorm. These issues are often discussed to friends and family members, who will be concerned about their job security, retirement accounts, as well as how they can obtain basic necessities of life. Visit our website and learn more about gold IRA rollover.
Everyone is more worried about the future if they are watching the news. This is why so many people are turning to precious and gold IRA rollsover accounts–to avoid certain disaster. You don’t want to miss out on gold-backed investing.
Did you lose your job in the last 60 days or are you about to lose it?
You may have noticed that many companies are already making plans to lay off employees in order to cut down on the cost of their health insurance. This will, unsurprisingly, put a huge amount of pressure on consumer confidence in the holiday season. Surprisingly, there is a 60-day window for you to transfer your retirement accounts to another holder after you lose your job.
Transferring to a precious metals IRA does not require you to contact your employer. You can also work with an independent, gold-backed IRA broker for the setup and administration of your account. This will protect your investment and you won’t be penalized for making the transfer. Individuals who are concerned about losing their job may also be able to invest in a precious metal IRA or gold IRA, and receive the same level of protection.
Retirement Savings Accounts being Dismantled
Do you still remember the day when your IRA’s value plummeted to 60%, or less than it was the day before? Most likely, you were shocked to discover that you had been robbed your life savings within hours.
You soon discovered that you could not get that money back if you didn’t invest in the risky paper markets. These paper markets were as doomed as the blue stocks. You might have noticed, however, that parts of your 401k that were dedicated to precious metals survived and increased in value even when the global economy crashed.
You can rest assured that your gold 401k investment will continue to grow and retain its value.