Should I move my 401(k) into a Precious Metals IRA?
Rolling a 401(k) into a Self-Directed IRA and buying Silver and Gold is an appealing strategy in times of economic uncertainty.
The historic stability of Gold and Silver provides reassurance that your investment will not be swallowed by an unforgiving market. The industrial, scientific, and medical uses of Silver and Gold nod to a future with even greater value.
Diversify, Diversify, Diversify
It is wise to consider converting some of your 401K to Gold or Silver. Forbes recommends investing at least 10% of your 401(k) in Precious Metals and many financial professionals suggest investing 10-20% of your 401(k) in Silver and Gold. Investing in .995 Fine Gold and .999 Fine Silver is a safeguard many are looking to, as confidence in the dollar waxes and wanes.
Should You Convert the Whole 401K to Gold and Silver?
Precious Metals are a haven from many economic and financial hurricanes, but it is best to consider your needs and goals, both short and long-term. This includes your current investments, the strength of the economy, risk tolerance, and more.
Take these needs and goals into account, consult a professional, and make your safest bet to weather the storm. This is not a one-size-fits-all question.
This article does not constitute legal or financial advice. APMEX encourages you to speak with a financial advisor who knows your goals and finances well.
If you are considering a 401(k) conversion, we have experts on staff who can answer your questions over the phone at (800) 375-9006, extension 805.
