What is a Gold IRA, how can a Gold IRA rollover help you head your 401k investment against the down market or even inflation investing in gold is a way to diversify your retirement portfolio and protect your hard-earned wealth if you lose your nest egg there isn't enough time to earn it all back again in these uncertain economic times many people are transitioning a substantial portion of their retirement portfolio and cash savings to include investments in physical gold and silver coins transferring an IRA or rolling over a previous 401k into precious metals is a solid solution that has stood the test of time they can protect your retirement portfolio from sudden shifts in the political and economic climate okay so.
How does a Gold IRA rollover work let's start with this question can you transfer a roll over an existing IRA yes any type of retirement plan can be transferred or rolled over to a gold IRA your first alternative is a transfer this is something you can do at any time with your existing plan as long as the assets go from custodian to custodian in a direct transfer the money flows directly from one custodian to another this means the distribution check from the old custodian must be made out in the name of the trustee or custodian of the new precious metal retirement plan account that receives the funds transfers may be made as often as you want the second alternative is a rollover a rollover occurs when you receive the distribution from your existing retirement account and then turn around and deposit it in another retirement plan custodial account in this case you would need to redeposit the funds into the new retirement plan account within 60 days if the 60-day time period is exceeded you would be liable for taxes and penalties on the money withdrawn you may roll over the same money only once every 12 months to preserve the tax deferred status of your retirement savings to find out why major investors are adding gold to their portfolios.
