A Gold IRA is an IRS-approved retirement account that operates similarly to a regular IRA. However, unlike conventional retirement accounts that limit investment options to paper-based assets like stocks, mutual funds, and bonds, a Gold IRA offers the additional advantage of investing in physical Gold coins, bars, and other IRS-approved precious metals such as Silver, Platinum, and Palladium.
What is a Gold IRA?
Benefits of a Gold IRA
By investing in a Gold IRA, you will diversify your retirement portfolio on a tax-deferred basis, while maintaining this preferential tax treatment. This means that transferring or rolling over a portion of your existing IRA account into a Gold IRA will not trigger any tax implications. Also, by opening a Gold IRA you can take advantage of an annual contribution of $6,500 if you are below 50 years old and $7,500 if you are above 50 years old. Allegiance Gold can help you navigate regulatory requirements, avoid tax pitfalls, and diversify with physical precious metals to stabilize your retirement portfolio.
Financial experts recommend investing in a Gold IRA for the following three main reasons:
- True Portfolio Diversification – Physical Gold and precious metals provide genuine portfolio diversification, presenting an alternative asset with a proven track record of safeguarding your funds by demonstrating resilience against the volatility of traditional investments like paper-based stocks and bonds commonly found on Wall Street.
- Hedge Against Inflation and Deflation – Over time, inflation erodes your investments. Gold provides a hedge against both inflation and deflation while immunizing your portfolio from their effects.
- Profit Opportunity: Historical performance of Gold shows that, over the long run, precious metals have great profit potential. Case in point, in 2000, Gold was approximately $200 an ounce. Gold finished December 2022 at $1,823.23 an ounce – resulting in more than a 10 times return on investment.
Gold has a longstanding history as a store of wealth. Historical data shows that Gold climbs in value throughout the years, even when economic times are tough, making it a valued addition to any well-rounded, retirement portfolio. Financial experts use Gold and precious metals as a hedge against inflation and deflation, dollar devaluation, and an evolving negative economic and political environment.
Diversify and Preserve Your Assets with a Gold IRA
Taking back control of your retirement savings is made easy. By opening a self-directed IRA with Allegiance Gold, you will be empowered to make your own investment decisions and to invest in IRS-approved coins, bullion, and bars, that carry the weight and security of real, tangible assets.
Whether you’re looking to move an existing, employer-sponsored 401(k) account to a more secure option or to rollover a portion of your existing traditional, Roth, or other type of IRA account into a Gold IRA, Allegiance Gold can help you navigate regulatory requirements, avoid tax pitfalls, and diversify with physical precious metals to help stabilize your retirement portfolio.
To learn more about investing in precious metals and setting up a Gold IRA, schedule your free consultation with one of our Senior Portfolio Managers or contact us at Allegiance Gold today for trustworthy, timely advice.