Your retirement years are otherwise known as your golden years and are the years you should live comfortably after employment is over for you. As long as you saved money over the years during employment by having a retirement plan in place, you should be sitting comfortably. However, sadly, some people aren’t able to save money during employment to be able to enjoy their golden years the way they want and need to. A few reasons for this include being in too much debt, the way the economy is, and maybe even because of the recent Government shutdown. However, many people planning for their retirement these days should consider the option of diversifying their retirement plan with gold.
Protect your Retirement Plan with Gold and Silver
With the way things go these days, if you do not already have a gold and/or silver self directed IRA, then you are not ready or even protected when it comes to those precious golden years you have coming to you in the future. Gold, silver, and even some other precious metals are the best type of investments for self directed IRA’s. Now, if you don’t yet have a self directed IRA, your best option is to rollover your current IRA you do have to the self directed one. This is because self directed IRA’s are the best ones with the best investment options. Self directed IRA’s allow you to invest in different types of assets, especially precious metals like gold and silver. The main reason you need and want to have a self directed IRA that is backed by gold, silver, and other precious metals is because if you don’t have this type of retirement plan and assets, you run the risk of losing everything in your retirement savings from such things as the devaluation of your current assets, inflation, and even the Government taking everything from you to pay off your debt. Because of this, make sure to roll over your current IRA to the self directed type as soon as possible.
About Gold IRA’s
Gold IRA’s are almost like regular IRA’s and 401(k) plans. However, they differ because they allow you to invest in precious metal assets such as gold, silver, and palladium because of the fact they can be diversified. Gold IRA’s are the best idea because then you don’t have to have your retirement plan based off of just one asset. With a gold IRA, you are actually allowed to hold gold coins and bars as long as they are approved by the IRS. If you do hold these in your gold IRA, the bars and coins will be held in either Brinks or the Delaware Depository. What else is so good about this type of IRA is that it allows you to decide exactly how much of your investing will be in these precious metals as well as gives you the freedom to even add more over time if you choose to.
About Self Directed IRA’s
A self directed IRA is the actual account that establishes a gold IRA. When you have this type of retirement plan, you literally have so much more control over the type of investments you want to take part in. This means you can not only have more than one type of investment but you can actually have whatever type of investment you want. These include real estate, stocks, bonds, precious metals, mutual funds, and much more.
About Silver IRA’s (Another Great Option)
Because IRA retirement plans are with you for the rest of your life, especially self directed IRA’s, besides gold, silver is another great option. The best option with silver, and gold, are the bullion coins that you can invest in and hold in your IRA. This is because, since they grow in value over time and will never depreciate in value, they will make a solid foundation for your account. Another great thing about silver, and possibly the best reason to hold it in your IRA for as long as you can, is that there have been predictions that the prices of silver will go through the roof soon. If this doesn’t give you a reason for investing in and holding this precious metal in your account, nothing will!