Do you have questions about gold IRAs or retirement planning? We’ve compiled this resource to help you better understand our offerings and your options. If you have additional questions that aren’t addressed here, please feel free to contact our friendly, knowledgeable team.
What Is a Gold IRA?
A gold IRA is a type of self-directed individual retirement account. But rather than investing in traditional assets like stocks, bonds, and money markets (cash), this type of IRA invests in physical gold and silver. The gold IRA is a fairly new type of investment option, only available since 1997. Other types of precious metals—like platinum, silver, and palladium—may also be used as retirement investment assets.
Are Gold IRAs Safe?
Gold investments have proven remarkably stable. Consider that gold is the only currency that has never failed since humans started trading it over 5,000 years ago. It tends to move up in an economic downturn, as well as typically moving in the opposite direction of paper assets. If you combine your gold IRA with traditional retirement savings, you can enjoy greater long-term security in unpredictable economic conditions.
Is a Gold IRA Better Than a Traditional IRA?
Every type of individual retirement account has its pros and cons. A traditional IRA tends to see the most growth, but it may also experience the steepest declines. A gold IRA is more stable, it weathers economic storms, and it enables you to hedge against inflation. That’s why it may be in your best interest to combine traditional retirement assets with a gold IRA. When one of your assets loses value, the other will ideally rise to replace those losses.
Can I Track the Performance of My Gold IRA?
Yes. When you rely on The Bridgehampton Gold Group for your gold IRA, we provide regular reports notifying you of your investment’s performance. Our team is also available to answer your questions and provide you with detailed information and advice. In addition, your Self Directed IRA custodian will provide a seamless website experience that will allow you to easily track your investments’ performance from your computer or smartphone.
Can I Invest My Existing Retirement Account in a Gold IRA?
Yes. Most types of retirement accounts—including Roth IRAs, 401Ks, and TSPs—can be rolled over into a gold IRA. We can work with you to reinvest all or part of your existing retirement savings into gold. Note, however, that some employer-based retirement accounts cannot be reinvested.
Do I Actually Own the Gold or Just the Certificate?
With a gold IRA, you are the owner of the precious metals. We store your gold in an insured, IRS-approved depository. When you retire or start accepting mandatory distributions, it’s up to you to decide whether you want to receive the actual gold or the total liquidated value of the gold.
Why Should I Choose The Bridgehampton Gold Group for my Gold IRA?
The Bridgehampton Gold Group employs industry veterans who understand the rules, the market, and the industry inside and out. Our informed account executives are here to help you make informed investment choices so that you can get the most from your retirement. We maintain ethical, transparent business practices, and we never use scare tactics or exaggerations to push a particular product. We’re also able to offer lower rates because we maintain minimal overhead and markups.
Would you like to learn more? Contact us today to speak with one of our experienced account executives.