The Advantages Of Adding Precious Metals to Your IRA or 401K

Whether you're a seasoned investor or you're just starting out, you have worked
diligently to secure your financial future. However, there are various financial
conditions that can affect the stability of your investments. Regardless of
where you live, the U.S. or abroad, the economy can wreck havoc on your
retirement income, pension plan and other financial investments. According to
financial experts , an investor should have 20 percent of his/her portfolio in
precious metals with the current economic climate. If the weakening of the U.S.
Dollar and the unpredictability of the stock market is having you wonder about
the security of your financial future -- you're definitely not alone. More and
more people have become concerned about their financial future. Don't let these
frightening factors place your hard-earned money at risk. Why Precious Metals?
Regardless of the time period in history, precious metals have always remained a
hard asset - unlike stocks and many other investments. Unlike other investment
options, precious metals, such as gold, silver, palladium and platinum are
considered an excellent guard against value erosion. Regardless of whether an
economy is experiencing inflation or financial instability, precious metals have
stood the test of time. Gold, silver, palladium, platinum and bullion have
helped sustain people's savings against the harmful effects against
unpredictable market events. This is why precious metals are considered a sound
investment. These valuable precious metals can serve the same function for your
401k and IRA. Types of Precious Metals to Place in a 401k or IRA A precious
metal must be recognized by a national mint in order to have precious metals
placed in a 401k or IRA. Below include the types of metals that qualify: Gold.
Gold bars from an assortment of qualified refiners, Austrian Philharmonic
coins,Canadian Maple Leaf coins and American Eagle coins. Silver. Silver bars
from an array of qualified refiners, Austrian Philharmonic coins ,Canadian Maple
Leaf coins and American Eagle coins. Palladium. Canadian Maple Leaf coins and
Palladium bars from various qualified refiners. Platinum. Isle of Man Noble
Coins, American Eagle coins, Canadian Maple Leaf coins and Platinum bars from
qualified refiners. How it Works? All you have to do is move your IRA to
precious metals by transferring your existing IRA to a qualified precious metals
IRA custodian. You can also rollover your 401k as well. The next step would be
to talk with a precious metals specialist. Advantages of Placing Precious Metals
in an IRA Buying gold, bullion, silver, palladium and platinum allows you to
diversify your traditional IRA or Roth IRA. Best of all, you can even transfer
your existing IRA to a qualified precious metal IRA without accumulating fees or
taxes. You can also take possession of bars, coins and sell them in the future
or you can cash out on your metal holdings. The bottom line is, precious metals
allows you to have a more flexible and balanced portfolio. Do you want more
information or have questions about investing in gold and silver? Feel free to
contact me at blakepollack@gmail.com .