Whatever the size your portfolio may be, it is important to get balance right by diversifying your assets. It increases the odds of you being able to weather volatile markets and turbulent times.
Diversifying your assets is especially critical when it comes to your retirement savings. 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 class that you want to place your money in. Financial experts have always recommended placing about 10 per cent of your funds in precious metals as a prudent strategy. With a self-directed IRA, you can do this easily and conveniently with World PMX.
WHY PRECIOUS METALS?
Throughout the history of money, two simple facts have remained unchanged. A diversified portfolio is usually more secure than an undiversified one and precious metals can be a good shield against value erosion.
For generations, people have understood the value of precious metals as a buffer against financial instability and inflation. Unlike most other assets, precious metals tend to retain their value. Historic trends show that precious metal values bear a low correlation to the market changes that dramatically impact other assets. Gold, silver, platinum and palladium have therefore helped bolster people's savings against the effects of unpredictable events. They can serve the same function in your IRA.
WHAT ARE THE ADVANTAGE OF HAVING PRECIOUS METALS IN AN IRA?
You can diversify your traditional IRA or Roth IRA by placing precious metals in it. More importantly, you may transfer your existing IRA to a qualified precious metal IRA without incurring taxes or penalties. If your 401K plan permits it, you can even place precious metals in it.
At the end of the term of your precious metal IRA, you can cash out your metal holdings or choose to take possession of physical coins or bars that you can sell later. So, in addition to having a better balanced portfolio, you have the advantage of flexibility with a precious metal IRA.
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