Starting to invest in gold and physical assets is probably one of the best decisions you can make. There is a clear indication of where the economy is going and it doesn’t look that great. Sure, there may be some positive results in the short term but the simple fact of the matter is that unless many countries start to control their debt problems there may be a massive shakeup in the world in the coming decade.
Of course this is just speculation and as such you should be aware of the consequences of investing your money into any asset. With any investment there is some risk involved, either way you look at it.
Do you need an investment account to start with?
Perhaps you already have a 401K, or some other form of tax deferred investment account? Good, then that means you are positioned to roll over your investment account into gold backed IRA fund. There are some definite benefits when you choose to rollover your money, but there may be some drawbacks as well.
How To Start With A Gold IRA Rollover
To rollover your other investment account to another one such as gold backed IRA fund it is actually pretty easy. What you have to do is really is just fill out some paperwork and your custodian can take care of the rest. It is absolutely essential that you don’t get physical possession of any of your assets as that will cause some serious issues and you won’t be able to rollover those assets into your new fund.
What some people choose to do instead of a rollover is instead just transfer that money from one investment account to another. You see there are more possibilities to how to handle your assets than just using a rollover to transfer over everything. Considering that you have many other options you may want to weigh what is the best option for you and your financial situation.
For instance you may want to set up a gold backed IRA and then transfer some of your money from your other investment accounts to that one. Then later on you could rollover the rest of the money from your other accounts to your gold backed IRA fund to finalize everything. One aspect to keep in mind is that there is no law stating you can have only one investment account, you can have multiple tax deferred accounts but you may only invest 5K or 10K dollars per year depending upon if you are married or not.
Choosing to go with an IRA rollover is not a tough decision nor is a tough process so really investing in a gold backed IRA should be a top priority if you believe that the world may be in a tough place in the upcoming years. The benefit of starting now is the dollar cost averaging of your money over the period of time you are investing in gold. Gold has been pulling back and if you are real savvy investor you know then that is the ideal time to accumulate gold.
The first place to start would be contacting some companies who specialize in gold IRA funds. Getting in touch with one of them and having them answer all of your questions would be a great help in this process. You could look into Regal Assets to see if they meet your requirements. They certainly do have a lot of positive reviews online.
Read more about why you should start a Gold IRA