Precious Metals IRA Rollover Guide
Precious Metals IRA Rollover Guide to your Self-Directed IRA is a smart way to diversify your retirement account. Having served as a form of currency for centuries, gold and silver are widely regarded as safe stores of value. They are also considered a hedge against inflation and protection from currency debasement. Additionally, gold prices tend to move in the opposite direction of stocks, making them a great option for investors seeking an anti-correlated investment.
Secure Your Future: A Precious Metals IRA Rollover Guide
When choosing a precious metals dealer to work with, choose one that has an established relationship with a reputable Self-Directed IRA custodian. This will make the entire process much easier and faster. JM Bullion, for example, has partnered with New Direction IRA to offer clients the most affordable and fastest IRA setup possible. Once you’ve set up your IRA and chosen a precious metals dealer, it’s important to track your investment’s performance. Experts recommend using a portfolio management software program to monitor your investments in real time.
Once you’ve completed the steps to open an IRA and selected a dealer, it’s time to find a reputable depository for storage. Choose one that offers high security measures, extensive insurance coverage and accurate record-keeping. It’s also a good idea to work with custodians that list their partner depositories, so you can feel confident in the safety of your precious metals. Lastly, remember to contact the IRA custodian and tell them you are planning to purchase precious metals for your IRA. Then, the custodian will provide you with an IRA transfer authorization number to use when purchasing your precious metals from a dealer.
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