Why Self-Direct?
Asset diversification is especially critical for your retirement savings. It helps your portfolio to weather volatile markets and turbulent times. The trouble is that while all IRAs offer great tax advantages, most don’t allow you any control over what your money is placed in. So you cannot really balance your portfolio appropriately.
But there is an alternative. With a self-directed IRA, you get to choose the asset classes that you want to place your money in. The makeup of your portfolio is determined by your own investment decisions and choices instead of those of your employer or fund manager.
Why Precious Metals?
Because they tend to retain their value more than other assets, precious metals have traditionally acted as a buffer against instability. Market upheavals usually have a lower impact on precious metals than on other assets. Financial experts have always recommended placing about 10% of your funds in precious metals as a prudent strategy.
You can place precious metals in traditional and Roth IRAs and even in some 401K plans. You can transfer your existing IRA to a precious metal IRA without incurring taxes or penalties. At the end of its term, you can cash out your IRA or take possession of your precious metals to sell later. Placing precious metals in your IRA thus gives you flexibility in addition to a better balanced portfolio.
Contact Kitco at 1 877 775-4826 to get started.
