Although the elections are over, there is still an economic ‘frankenstorm. If you ask your friends about these topics, they are likely to be concerned about their jobs and retirement accounts as well as the ability to provide for the essential needs of their lives. See gold in IRA to get more info.
Everyone becomes more anxious when watching the news, which can lead to even greater anxiety about the future. To avoid certain disaster, people are turning towards precious metals and IRA rollover accounts that have gold IRA rollovers. This is an opportunity to learn more about gold-backed, or gold-backed investing.
Did You Lose your Job in the Last 60 Day or Are You About to Lose It?
As you might know, many companies are now laying off employees to save on healthcare costs. This will undoubtedly put enormous pressure on consumer confidence this holiday season. You have a 60 day window in which to transfer your retirement savings to another holder if you lose your job.
A precious metals IRA is transferable without the need for an employer. Instead, an independent broker can set up and manage your precious metals IRA account. In addition to protecting your investment, there are no penalties for making the transfer. Individuals who feel they might lose their job or are at risk of losing it can invest in a precious-metal or gold IRA for the same security.
Retirement Savings Accounts Not Being Wiped Out
Do you remember when you arrived at work to discover that your IRA had lost 60% or less from its previous value? There’s a good chance that you were stunned to discover that your life savings had been stolen in less than 24 hours.