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Gold

4th Of July Musings From A Deplorable American Reminiscing About The Good Old Days

For those who yearn for a return of the good old days, this one’s for you… (by Half Dollar) Happy Fourth of July! First of all, as many people know, […]

The post 4th Of July Musings From A Deplorable American Reminiscing About The Good Old Days appeared first on Silver Doctors.

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Fox News

Trump, First Lady Melania Trump host ‘Salute to America’ event

Live: Head Of State Trump as well as First Woman Melania Trump held the 'Salute to America' event at the White Home. #FoxBusiness

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Diamond

2020 Diamond Jewellery Market Report- Opportunities, Trends, Forecast and Outlook 2025 | Graff, Piaget, Bvlgari, Mikimoto, Chopard – Apsters News

2020 Diamond Jewellery Market Report- Opportunities, Trends, Forecast and Outlook 2025 | Graff, Piaget, Bvlgari, Mikimoto, Chopard  Apsters News
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Diamond

Fancy Greyish Yellowish Green Diamond

A MAJESTIC ESCAPE Jewelry is evocative, that is a large part of its allure but not every piece evokes the same meaning to each viewer and that’s the beauty of diamond jewelry. However, this majestic Green Diamond Ring that Mewing posted, has been selected to be the Jewel of the Week. I don’t know about […]

The post Fancy Greyish Yellowish Green Diamond appeared first on PriceScope.

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Silver

How to Roll Over Your 401(k) into a Gold IRA

Are you tired of the high fees and limitations on your 401(k)? While a 401(k) is one of the most common vehicles for retirement savings, it’s not the only one. Learn about the advantages of gold IRAs and how to roll over your 401(k) into one of these IRAs.

What is a 401(k)?

A 401(k) is an employer-sponsored retirement plan. It allows an employee to set aside part of their paycheck in a retirement account before taxes are taken out. An account holder pays taxes when they withdraw money from a 401(k). Self-employed people can also set up a 401(k).

In many cases, employers match their employees’ contributions to a 401(k), up to a certain percentage.

In 2018, more than 58 million U.S. workers participated in 401(k) plans, according to the Investment Company Institute. At the time, there were over 580,000 of these plans.

What is a gold IRA?

A gold IRA, also known as a precious metals IRA, is a self-directed retirement account that enables someone to hold physical gold and other precious metals (silver, platinum, and palladium) in the forms of coins and bars. A gold IRA can be a traditional IRA or a Roth IRA.

According to research from the U.S. General Accounting Office, there were nearly half a million (485,517) self-directed retirement accounts nationwide as of 2017, with a total combined balance of $49,768,207,085.

What are the benefits of rolling over a 401(k) into a gold IRA?

Among the benefits of rolling over a 401(k) into a gold IRA are that the IRA could:

  • Offer more portfolio diversity
  • Provide a hedge against inflation
  • Carry less restrictions for passing along assets to heirs
  • Make you eligible for a saver’s tax credit

“Because gold prices generally move in the opposite direction of paper assets, adding a gold IRA to a retirement portfolio provides an insurance policy against inflation,” Edmund C. Moy, former director of the U.S. Mint, told Investopedia. “This balanced approach smooths out risk, especially over the long term, which makes it a smart choice for retirement [accounts] like IRAs.”

Potential disadvantages of 401(k) plans include limited asset options, hefty account fees, and penalties for early withdrawal, writes Money Girl reporter Laura Adams.

“Since your employer chooses your 401(k) provider, you get less flexibility in terms of [asset] options. They may or may not have made a good choice to begin with, and you might not get many good [asset] options within your 401(k) account,” according to The Dough Roller, a personal finance blog.

How do you roll over a 401(k) to a gold IRA?

First, you need to open a gold IRA. This is done by establishing a Self-Directed IRA through a trustee or custodian. U.S. Money Reserve can help you get this process started.

Once the gold IRA is set up, you can begin a 401(k) rollover. You can choose between an indirect or direct rollover:

  • Through an indirect rollover, you pull your money from the 401(k) and then deposit it in the gold IRA.
  • A direct rollover, the most straightforward option of the two, lets you automatically transfer the 401(k) funds to the Self-Directed IRA without having to handle the money on your own.

When the 401(k) is closed, the 401(k) manager will send a check to either you or the trustee or custodian of your gold IRA. Then that money can be used to buy physical gold or other precious metals. The trustee or custodian stores those precious metals on behalf of the account holder.

U.S. Money Reserve can get you started with a 401(k) rollover. Call 855-889-5111 today to discuss your specific retirement needs.

The post How to Roll Over Your 401(k) into a Gold IRA appeared first on U.S. Money Reserve.

Categories
Silver

Metals Market Weekly Recap: Jul. 3, 2020

Wise investing starts with watching for price fluctuations in the precious metals market. Spot buying opportunities in our weekly metals market recaps. Get the spot price close; one-week price change; and year-to-date price change of gold, silver, platinum, and palladium for the week of June 26 – July 3, 2020 below.

Gold Spot Price Close: $1,774.98
1 Week Price Change: ▲ $3.75 ▲ 0.21%
1 Year Price Change: ▲ $356.50 ▲ 25.13%
Silver Spot Price Close: $18.05
1 Week Price Change: ▲ $0.27 ▲ 1.53%
1 Year Price Change: ▲ $2.74 ▲ 17.92%
Platinum Spot Price Close: $813.50
1 Week Price Change: ▲ $8.98 ▲ 1.12%
1 Year Price Change: ▼ -$26.50 ▼ -3.16%
Palladium Spot Price Close: $1,925.50
1 Week Price Change: ▲ $44.48 ▲ 2.36%
1 Year Price Change: ▲ $355.00 ▲ 22.60%
Free Guide
Categories
Silver

Silver Price Forecast – Silver Markets Have Quiet Resilience – FX Empire

“”silver price”” – Google News

Silver Price Forecast – Silver Markets Have Quiet Resilience  FX Empire

The post Silver Price Forecast – Silver Markets Have Quiet Resilience – FX Empire appeared first on WorldSilverNews.

Categories
Silver

Gold Price Forecast – Gold Markets Show Quiet Resiliency – Yahoo Finance

“”silver price”” – Google News

Gold Price Forecast – Gold Markets Show Quiet Resiliency  Yahoo Finance

The post Gold Price Forecast – Gold Markets Show Quiet Resiliency – Yahoo Finance appeared first on WorldSilverNews.

Categories
Silver

Gold price to hit $1,950 in Q2 2021 – Natixis

Kitco News

(Kitco News) – Expectations that the Federal Reserve will introduce yield curve control measure in September will continue to support prices through the first half of 2021. Still, gold’s gains will be limited as inflation pressures remain muted, according to one international bank.

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Silver

Silver offers a golden opportunity to preserve soon to be destroyed value – Kitco NEWS

“”silver price”” – Google News

Silver offers a golden opportunity to preserve soon to be destroyed value  Kitco NEWS

The post Silver offers a golden opportunity to preserve soon to be destroyed value – Kitco NEWS appeared first on WorldSilverNews.