Page 1

Contemplate Changing Your 401k Into Gold Having a 401k is very important for many individuals that are focusing on their careers; this is the retirement that they are striving so hard to accumulate so when they aren't working anymore they are able to relax and not worry about their finances. It is very wise to have something similar to a 401k in place, but is it the best option for everyone? You'll be able to switch your 401k into gold. There are many good reasons why someone might think about rolling over their 401k into gold, even though some people may think it is too risky. Advantages of such an IRA may include fewer costs to you, fewer headaches at tax time, and the power to withdraw without penalties. There are often fees that will be included in trading for any 401k or stock market account. Each transaction that you make will end up costing you money for transaction fees and more. By obtaining a gold IRA, you may end up with fewer fees for any transactions you are making. Often, people just need to pay the transaction fees, which could end up saving them hundreds or thousands of dollars per year. You may see a reduction in certain fees if you roll over your 401k to gold, meaning your account will cost you less. When tax season rolls around, trading may add a whole new level of headache. In addition to the regular documents you send in to the IRS, you also have to account for the cost basis of your trades. This is called reconciling. You will not only be left with a serious headache if you fail to reconcile your trades, but also a substantial bill from the IRS on funds that were traded-not actual profits. When you have an IRA, you shouldn’t need to worry as much about reconciliations. Most of the time, the main thing you will need to worry about is the amount when you withdrawal it. What's going to matter is the money at the time of withdrawal, regardless of how many trades you actually made. You might be able to speak with your accountant about what methods will be easier for you to handle. Withdrawing money from your 401k early can bring with it something you don’t appreciate: penalties. This could mean that you end up paying for the privilege of accessing your retirement money early. Usually you are not able to access your 401k penalty-free until you are 55 years old. The age limit tends to be higher for IRAs-59 and a half years old. However, you can withdraw from your account early-without penalties-through a rule known as the 72(t) distribution. Keep in mind, you have to keep withdrawing money for either 5 years or until you reach 59 and a half years, should you choose to withdraw early. Lots of people feel at ease having a 401k. Having a retirement fund is very important, and the way your retirement fund acquires money is important. There are many advantages to rolling over your 401k to gold, if you're into trading. On top of the advantages listed above, the gold tends to hold its own any time hard times fall on the economy and paper currency fails. Think about what a gold IRA will do for you, when you're looking for a fund that's simple to invest in and stave off headaches at tax time. Having a 401k is very important for many individuals that are focusing on their careers; this is the retirement that the...

United Gold Direct

Page 1


Contemplate Changing Your 401k Into Gold

Document Tags: 401k to gold, convert 401k to gold, roll 401k into gold http://www.unitedgolddirect.com/

United Gold Direct

Page 2

Contemplate Changing Your 401k Into Gold  

Having a 401k is very important for many individuals that are focusing on their careers; this is the retirement that the...

Read more
Read more
Similar to
Popular now
Just for you