Converting your 401K to gold is the right idea for the right time. Now is absolutely the right time to take this important step for ensuring the security and safety of your retirement investment account. Let’s take a look at some of the reasons you should consider converting some or all of your 401K account to gold.
Value Retention is probably at the top of the list when it comes to reasons for having gold in your 401K account. No matter what happens with the sluggish economy, rise or fall of the stock markets, increase or decline of commodities – little to none of this significantly affects the value of gold. It has long been the standard against which true wealth is measured – for centuries, in fact. The first gold coins were minted several hundred years BC, and the world never looked back. Gold was used for payment forever after. And to this day, even though nearly all money of high amounts is paper, gold is still how nearly all countries back their printed currency. It can be exchanged for goods and services worldwide, and nothing really makes it devalue to any degree.
Security is another top reason to hedge your investment bets with physical gold. Having your investment accounts lose hundreds or thousands of dollars because the volatility of the markets is like being on a swing set in Central Park, is no way to treat your retirement funds. Many who had planned to retire in the last ten years or so continue to work to this day and beyond because they have to try and make up for the losses in their retirement savings. That is disheartening in the extreme, and there is no need for that if you do some conversion of your 401K now. No one knows when the next big drop will come, but it is a guaranteed bet that it will come – it is just a matter of time. You can beat that back, and guarantee additional security for your retirement investments by backing it with physical gold.
Rolling over your 401K dollars to physical gold coins or bullion with a Gold IRA Rollover is fairly easy these days with a professional guiding you through the process. Plus, there are no fees involved – no out of pocket expenses like would be involved if you were to buy accounts backed with gold outright. Those who have existing 401K accounts just being able to roll them over to gold is so simple and so on point for today’s economy. The potential for growth is steady and you are pretty much assured of an increase over time. Many economic factors are not in your control. It makes sense to exert control wherever and whenever you can, and converting 401K funds to gold is an excellent way to take control of your investment future.
Don’t let the ups and downs of the investment markets drive when you can retire – take action now to ensure you can live as you please when you please, and consider conversion to put your 401 in gold.