If you have found yourself asking, “How do I buy gold with a 401K?” You are not alone. Many Americans, who have grown increasingly concerned over stock market instability and the declining dollar, have asked themselves a similar question.
Contributing to your retirement savings requires diligence and financial sacrifice, which is why the risks of paper assets often lead many to wonder about the soundness of their financial future.
Adding physical gold to your retirement savings with the funds from a 401K may be the solution you need to safeguard your investments against an economic downturn. Buying gold with the funds from a 401K is easy.
Step 1—Contact a Precious Metals IRA Professional
Finding a knowledgeable specialist, who will speak
with authority about buying gold with your 401K
, is a great first step.
At companies like Birch Gold Group, a precious metals specialist can advise you on the process. They will confirm your 401K is qualified to be changed to physical gold investments, guide you through the necessary paperwork, inform you of your investment options, and answer all of your questions.
Step 2—Transfer your 401K into a precious metals IRA
Signing up for precious metals IRA allows you to buy gold with the funds that were in your 401K. A self-directed IRA authorizes you to transfer funds from your 401k, distributing the exact amount you desire toward gold or other precious metals.
Setting up your IRA and transferring funds is simple, and Birch Gold Group will facilitate the whole process.
Step 3—Buy your gold
When the assets in your IRA are accessible, a specialist will step in to help you purchase your gold and show you your options. At companies like Birch Gold Group, you can buy your gold directly.
If you are interested solely in buying gold, you have two options: gold bullion and gold proof coins.
The value of gold bullion is based by its gold content and weight, making it a very liquid asset.
Gold proof coins, which are minted in small batches annually, are valued not just based on their gold
content and weight, but also by their scarcity and condition. Buying other precious metals such as silver, platinum, and palladium may be another way to diversify your investments.
Everyone’s situation is different, which is why Birch Gold Group is here to spell out the benefits of each investment and direct you based on your specific circumstances and objectives.
Have questions? Prepared to begin? We are standing by to guide you.
If you are ready to learn the simple steps to add security to your retirement savings, contact Birch Gold Group immediately. We have solutions to all of your 401K questions, so you can step out and buy gold with confidence.