Transfer Gold, 401K gold, IRA gold,
Gold
Gold IRA
As the ultimate long-term store of value, gold coins and bullion are the literal gold standard retirement asset. With the main asset classes most often employed in retirment planning -- stocks, bonds, annuities and savings accounts -- the tangible king of metals stands out as the singular product that does not rely on the performance of another individual or institution for worth.
Gold 401k
The fact that gold it valuable in it's own right is exactly what makes it unique in the investment field. It's intrinsic value makes gold a one of a kind investment.
How can I own gold in my IRA
Former French president Charles DeGaulle once famously said of gold, it 'has no nationality and is eternally and universally accepted as the unalterable fiduciary value par excellence'. What better way to save for retirement than with the ultimate savings vehicle - gold. The following will serve as introduction.
Rollovers
IRA Gold
Many people are unhappy with the performance of their current investments with the economy in such turmoil.
401k Gold
So they look to roll their assets over into an account that will fare better. Rolling over a Traditional or Roth IRA into a gold-backed IRA is relatively simple. The term "rollover" actually refers to the rolling over of assets in a 401(k) plan when the employee has separated from his/her employment. Separation from employment is the key to the choice to rollover the 401(k) assets into a gold-backed IRA. If no separation has occurred, then chances are very high that the plan holder will be barred from moving the assets out of the employer's 401(k) plan. However, there are exceptions to every rule and a telephone consultation is always in order to see if the exception applies to you.
Gold 401k Rollover
When it comes to existing IRAs, then the term "transfer" applies. Rolling over existing IRAs with banks, credit unions, stock brokerage firms or other financial service providers can be transferred directly to one of our referred trust companies. One very easy option is to transfer either the cash in the account or the securities themselves. However, this arrangement is not always acceptable to the firm who is transferring your account. Again, for every rule there are exceptions which is why telelphone consultation is highly encouraged.
Approved precious metals investments
GOLD: At present, gold bars with a purity of 24 karat (0.995+ fineness) are allowed into an IRA. They must be hallmarked by a NYMEX- or COMEX-approved refiner/assayer. These bars come in the following sizes: 1 ounce, 10 ounces, kilo (32.15 ounces), 100 ounces, and 400 ounces. Gold coins having a composition of 24 karat (0.9999 fineness) are the only ones allowed in an IRA, with the exception of the 22 karat US Gold Eagle. Readily acceptible for gold IRAs are bullion coins from Australia, Austria and Canada. The South African Krugerrand is not allowed -- it is a 22 karat bullion coin.
SILVER: Regarding silver investments, only silver coins and bars with 0.999+ fineness are allowed. These include the 1 oz. US Silver Eagle, Canadian Silver Maple Leaf, and the Mexican Silver Libertad bullion coins. Investors can purchase 100 oz. silver bars and also 1000 oz. silver bars. Pre-1965 bags of US silver coins (dimes, quarters, half dollars, and silver dollars) are not allowed in an IRA because their alloy contains only 90% silver and thus does not meet the fineness standard.
PLATINUM GROUP METALS: Platinum and palladium bars and coins of 0.9995+ fineness can also be placed into a precious metals IRA. Both the US and Canadian Mints make 1 oz. platinum coins. Other countries, such as Great Britain and Australia, have 1 oz. platinum coins which are not as well known but qualify as well. All platinum and palladium bars and coins must be from a NYMEX or COMEX approved refiner/assayer. Private companies with well-established hallmarks, such as Johnson Matthey and Englehard, manufacture platinum and palladium bars ranging in size from 1 oz. to 100 oz.
It is always advised that one has between 10 and 30 percent of their investment portfolio vested in gold and precious metals. I suggest looking into protecting your investments with gold!
Gold
