According to a new survey, Only 44% of Americans say they or their spouses have calculate how much money to t live comfortably in retirement, let alone how to invest it. Only 18% of workers are confident they'll retire comfortably.
For those who do save, taking the extra time to plan out how to shine in their golden years, it is just as important to have a strong, diversified portfolio. To those responsible savers, Gold IRA's are an obvious choice.
A Gold IRA is nothing more than a regular retirement account, offered through companies like Regal Assets, that allows the saver to include gold and other precious metals in their retirement funds. In other words, it does everything a regular IRA does, plus a little more.
But why take the extra step?
Here are the top five reasons for investing in Gold as an important part of any responsible retirement plan.
Any portfolio strategist will tell you that one of the most important elements of a solid financial plan is having a diverse portfolio. Instead of putting all your eggs in one basket, make sure that they're spread out. The beauty of having a basket of golden eggs is that even when
According to Forbes, “To be diversified, an investor should have at least a couple of percent of their portfolio in gold...In general, people are poorly diversified and often when they look back at the moments when they have lost more money than they care to remember it is because they held undiversified positions in instruments that went sour. Diversification is the only way to secure wealth and gold is a good ingredient for that.”
2) Gold offers good returns
Gold has consistently offered great long run returns. In the decade after 2001, the metal increased in price from $255 to a high of $1900, a 745% return. Of course, like any asset, prices fluctuate, but gold has proven an excellent return on investment over time.
3) In an age of financial uncertainty, gold offers safety
Historically, in times of uncertainty regarding the value of currency, markets have shifted toward safe assets such as gold. Since 2008, central banks around the world have taken extraordinary steps, such as Quantitative Easing, to weather the financial crisis. Nobody is quite sure what the long-term repercussions of those steps will be. Gold offers a solid hedge against inflation or weakening currency because it maintains its intrinsic value.
4) Demand for gold is on the rise internationally
The middle classes in emerging markets are growing quickly, and with them grows demand for gold, whether for savings or for jewelry. In 2010, India and China consumed over half the world's gold, and in the first nine months of 2013 alone, they bought a collective 1,500 tonnes of the precious metal. That trend isn't going anywhere anytime soon, meaning the sooner you buy, the better.
5) The supply of gold is limited
Because gold isn't something that can be manufactured or printed like money, its market supply is determined by mining and by central banks buying and selling their reserves. It takes a good five to ten years to put new gold mines into production, so the supply doesn't fluctuate wildly.
Rolling over your 401k or other IRAs is simple with a company like Regal Assets. If you invest a minimum of $10,000, you can benefit from fee waivers, spanning from setup and administration of accounts to storage and rollover fees for gold IRAs.
The company's understanding of the nuances of gold IRAs help people roll over their accounts smoothly, with literally no tax implications or legal violations. If you ever change your mind, non-IRA gold investments can be easily liquidated and sold back at the spot price.
With the demand for precious metals always on the rise, and the supply never quite sufficient to meet the needs, investments are bound to be relatively profitable when compared to paper-based instruments.
With a gold IRA, you can be sure that the shine does not dull on your golden years.Free Investment Kit
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