If you have never heard of the gold IRA, which is an individual retirement account that uses physical gold, then it’s time to find out how it can benefit you. When you want to invest in your future retirement a precious metals IRA is a sound choice. You can also choose other precious metals that are IRS approved including palladium, silver and platinum. You don’t physically retain the precious metal yourself. An approved custodian will hold the contents of your precious metal IRA. Approved custodians are approved by the IRS themselves. A precious metal IRA acts the same as a traditional IRA, except you are holding a paper asset, you are purchasing and own physical bullion on bars or coins. Gold tends to be one of the most common precious metal investments regarding an IRA.
You Have More Say with a Precious Metal IRA
There are more restrictions on investments like a conventional 401(k) or IRA. However, a self-directed precious metal IRA gives you the options to make investment decisions and choose which type of precious metals in which you would like to invest. One of your biggest decisions is going to be choosing an IRA company that will work closely with you. Mountain West IRA is your educational partner when it comes to investing in retirement plans. They recognize and are capable of meeting your goals which will be the key to your financial retirement future. You will be encouraged to make sound investment choices while setting up a precious metal IRA that is a great diversification in comparison to other retirement plans.
Expand Your Retirement Portfolio
Investing in precious metals is a great way to diversify and expand your current retirement portfolio. Whether you choose IRS approved gold bars, coins or bullion you’re making a sound choice and investment. Retirement planning doesn’t get easier than choosing a Gold IRA.