401K To Gold IRA Rollover Guide 401k To Gold IRA Rollover Explained
Welcome to your: 401K to Gold IRA Rollover Guide. I had to ask myself the question, just like you’re probably asking yourself right now, should I transfer or rollover my 401k to gold and silver precious metals? Is this good for my retirement plan? Also like you I’m concerned about having enough income for my retirement. I feel that even with a top rated mutual fund or a retirement account managed by expert services, I can still lose big, like in the past with all too recent major losses I suffered in the financial markets and housing markets over the past 10 years. So why am I looking into a 401k to gold IRA rollover? The most obvious reason I am transferring.
My 401K and IRA accounts to precious metals such as gold and silver is because they are not dependent on stocks or bonds which are the only other options for regular IRA account. The government allows us to have an IRA that is back by precious metals if the precious metals meet a certain criteria. The most stable price and precious metals are gold and silver. Obviously it is a good thing to have an IRA that is covered by hard assets such as gold and silver, for many reasons that I’m looking to do a 401k to gold IRA rollover and looking into the best gold IRA rollover companies to rollover my 401K to gold, and most importantly do a fast and easy 401K to gold rollover.
Back to the question of should I transfer or rollover my retirement plan. Your first option is to quot;transferâ€� You can do this it anytime within existing IRA, as long as the assets are transferred from one custodian to another custodian. In a quot;direct transferâ€�, the money goes directly from one IRA custodian to another IRA custodian. It’s important to know that you can make these transfers as often as you wish. It’s important to use an official gold IRA company such as Regal Assets, who has helped organize thousands of these 401K to Gold IRA Rollovers and transfers for their gold and silver customers. You’re second option besides a quot;transferquot; is called a quot;rollover.quot; When you rollover.
An IRA or 401K to gold you first receive a distribution from your existing independent retirement account and then deposit it into a new retirement plan custodial account. You must redeposit the funds into the new account within 60 days or else you could be liable for taxes and other penalties on the money withdrawn. You may only rollover the same money once every 12 months to preserve the taxdeferred status of your retirement savings account. Why rollover your 401K and IRA to a gold IRA? A Gold IRA has the ability to minimize the volatility of your retirement planning portfolio. Based on historical facts, gold tends to move.
In the opposite direction of: stocks, bonds, and mutual funds. It doesn’t matter if you have traditional investment preferences, like a simple IRA, traditional IRA, selfdirected IRA, etc, a tangible asset like gold can help make the profitability and safety of your retirement portfolio much more stable. By including gold in your existing retirement account you can improve your overall investment performance by either increasing returns without increasing risk, or by reducing risk without adversely affecting returns. By accumulating gold you’ll be handinhand with investors that are the most savvy in.
The world and know how you make your investments and retirement planning stand the test of time. Gold has been known to be accumulated by the rich for many reasons. This includes hedging volatile stock markets, offsetting fluctuating commodity prices, or is it protection against the failing housing market. Gold has proven itself over the test of time to be the safest investment, so in order to capitalize on the consistent growth and value you should consider rolling over or transferring your 401K or IRA to a gold backed IRA with precious metals such as gold and silver. What are the three best reasons to rollover your IRA or 401K to inflationproof physical gold.
And silver? One, security, you can secure your retirement account by hedging against the coming market crash with physical gold and silver precious metals. Two, safety, you can feel safe knowing you have real gold and silver that you can hold in your hand, not a paper contract or promise, like snake oil. Three, you can succeed in an asset that has increased over 400% in value over the last 10 years and has never been worthless in all history. If you want to learn more you can request your FREE. FREE 401K Gold IRA Rollover Kit from Regal Assets! Why Regal Assets? A+ rating with the Better Business Bureau. AAA rating.
IRA rollover vs Direct Transfer vs Direct 401k Rollover Which is More Advantageous
intro music Hi, my name is Terry White, CEO of Sunwest Trust. Today is Tuesday at two o’clock. Last week, and for the last couple of weeks, we’ve been talking about freedom freedom to invest in things other than stocks, bonds and mutual funds and then last week we talked about freedom to move your retirement account. So we’re going along with that same idea, freedom to move your account We’re going to talk about how you move your account.
Everybody talks about moving their account, and typically uses the word rollover quot;I want to roll my account over to you guys.quot; So I want to explain the difference between a rollover and a transfer because there’s a very distinct difference and it’s a very important difference Number one is the transfer Now transfer is when you move your IRA account from an existing custodian to another custodian. And that’s a transfer; the money never comes to you individually.
It just goes from one IRA to another IRA and that does not get reported to the IRS, because you never actually had receipt of the money. So there’s no taxable event in a transfer. Now, the word that most people use is rollover, and that means something very specific. A rollover is if you go to your existing custodian and you say quot;I’d like to have a check for $50,000 out of my account.quot;.
They’re going to write a check to you personally. Then, no matter what you do with that check if you put it in your checking account and then you turn around later and write a check to Sunwest Trust to roll the money over into Sunwest Trust into another IRA or whether you just take the check from whatever custodian you’re with, And you bring it to Sunwest Trust and you endorse the back of it, no matter what the old custodian is going to send you a 1099.
And they’re going to report that as a distribution to you And then what happens is when you come to Sunwest Trust we’re going to have you sign a rollover certification which basically says you haven’t had that money more than 60 days And in that event then we’ll do the rollover certification the money will be rolled over into your IRA at Sunwest Trust and you’ll report it to the IRS as a rollover Line 15 and 15a on your 1040 will say how much was the distribution.
And how much of it was taxable I’m not really sure about the line numbers so you need to have your tax person look at it So basically I took fifty thousand out of my IRA and by the way I put it into an IRA at another institution And I did all that within less then 60 days Recently, up until sometime this year, there was an IRS decision that you can only do that once a year per taxpayer.
Prior to that it was once a year per IRA account But the IRS decided that no, you can only do one rollover Not even per calendar year, it’s per twelve month period So if I do a rollover in October of 2014, I cannot do another rollover until November of 2015 I can’t do one in January, even though we’re now in the year 2016, it has to be only one within a twelve month period. I hope that answers those two questions.