Although the election is over, it’s safe to say that there is an economic ‘frankenstorm. These issues are often discussed to friends and family members, who will be concerned about their job security, retirement accounts, as well as how they will pay for basic necessities of life. You can get the best gold IRA companies in this sites.
Everyone is more worried about the future if they are watching the news. This is why so many people turn to precious metals and gold IRA rolling over accounts to prevent certain disaster. You don’t want to miss out on gold-backed investing.
Did you lose your job in the last 60 days or are you about to lose it?
You may have noticed that many companies are already making plans to lay off employees in order to cut down on the cost of their health insurance. Needless to mention, this will cause a huge drop in consumer confidence during the holiday period. You have 60 days from the day you lose your job to transfer your retirement accounts to another holder.
Transferring to a precious metals IRA does not require you to contact your employer. Instead, you can hire an independent broker for a gold-backed IRA to open the account and manage it. This will protect your investment and you won’t be penalized for making the transfer. Individuals who are concerned about losing their job may also be able to invest in a precious metal IRA or gold IRA, and receive the same level of protection.
Retirement Savings Accounts being Dismantled
Do you still remember the day when your IRA’s value plummeted to 60%, or less than it was the day before? Most likely, you were shocked to discover that you had been robbed your life savings within hours.
You soon discovered that you could not get that money back if you didn’t invest in the risky paper markets. These markets were as doomed as the blue stocks. You might have noticed, however, that precious metals were still gaining value despite the collapse of the global economy.