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https://401kgoldgroup.com/gold-silver-iras/
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6 Crucial Reasons To Protect Your IRA With Physical Gold and Silver. Table of contents: What is an IRA? What are the funds invested in? Why is my IRA always losing money? How can we stop the bleeding and protect our funds? How can I stop the bleeding and protect my funds? Benefits of a gold/silver-backed IRA Performance of Gold in an IRA - 65% growth in 4 years Perfo The IRA plan became very popular in 1981 with the Economic Recovery Tax Act which encouraged employees to contribute more to their IRA funds. There are 3 main types of IRAs with their own unique advantages: Traditional IRA - An individual is allowed to make contributions with money that may grow tax-deferred until time for withdrawal. Roth IRA - Contributions are made to a fund with after-tax money that will grow tax-free, with zero fee withdrawals in retirement, as long as certain conditions are met. IRA Rollover - Contributions can be rolled over from qualified retirement plans into a traditional IRA. Funds from an employer- sponsored plan, such as a 401(k) or 403(b) or 457 may be rolled over into an IRA. What are the funds invested in? According to data collected by the Investment Company Institute, IRAs held roughly $12.6 trillion in assets at the end of the first quarter of 2021. 45% of IRA assets or $5.6 trillion are in mutual funds, $3.2 trillion are invested in equity funds and $1.1 trillion in miscellaneous funds. Why is my IRA always losing money? The problem is IRA holders and investors have no way to protect their retirement funds. Increased profitability Performance of Gold in an IRA- 65% growth in 4 years GOLD VALUE - JANUARY, 2016 - $1,060 GOLD VALUE - AUGUST, 2021 - $1,775 Performance of Silver in an IRA - 70% growth in 4 years SILVER VALUE - JANUARY, 2016 - $13.87 SILVER VALUE - AUGUST, 2021 - $23.64 Is an IRA a good plan In conclusion, the IRA tax-deferred retirement savings plan is a phenomenal way to save for retirement. A Precious Metals IRA is a Self- Directed Individual Retirement Account in which the Federal Government allows you to own physical precious metals such as gold and silver. Contact Us At: http://www.401kgoldgroup.com
