Rolling a 401k into a Gold IRA can make sense if you want more control over your retirement money and protection from market swings. Gold IRAs let you hold physical gold, which some people use as a hedge against inflation.
A Gold IRA can be useful if you want:
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More diversification
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A way to protect savings during market drops
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An asset that tends to move differently than stocks
The downsides matter too. Gold IRAs often come with higher fees and you cannot store the gold at home.
A rollover might be a good idea if:
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You are nervous about stock market volatility
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You want long term stability
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You understand the costs and rules
It might not be right if you prefer growth focused investments or want low fees. Gold does not produce interest or dividends.
Ask yourself:
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Do I want less exposure to the stock market
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Am I comfortable paying storage and custodian fees
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Is gold a long term fit for my retirement plan
A Gold IRA works best as part of a balanced strategy, not your entire retirement.