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How to roll over your 401(k) into a gold or silver IRA


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Published in Business and Finance on by Bankrate   Print publication without navigation

Here's how to roll over your 401(k) into a gold or silver IRA without penalty. Why would you need a gold or silver IRA? If you want to own physical gold or silver in a retiremen

The article from MSN Money discusses how to roll over a 401(k) into a Gold or Silver IRA, highlighting the benefits of diversifying retirement investments with precious metals. It explains that a Gold or Silver IRA allows investors to hold physical gold or silver, or other precious metals, in a tax-advantaged retirement account. The process involves selecting a custodian that specializes in precious metals IRAs, understanding the IRS rules regarding which metals are permissible, and executing a direct or indirect rollover from your existing 401(k). The article outlines the steps for initiating a rollover, including choosing a reputable dealer for purchasing the metals, ensuring secure storage in an IRS-approved depository, and considering the fees associated with such an investment. It also touches on the potential tax implications, the importance of understanding the liquidity and market risks of precious metals, and the long-term benefits like protection against inflation and currency fluctuations.

Read the Full Bankrate Article at:
[ https://www.msn.com/en-us/money/personalfinance/how-to-roll-over-your-401-k-into-a-gold-or-silver-ira/ar-AA1ADiZt ]

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