A gold ira rollover is a great way to diversify your retirement portfolio. It can help you hedge against inflation and economic uncertainty. It’s a relatively simple process and can be done with the assistance of a gold ira custodian.

What are the disadvantages of a rollover IRA?

How much you should invest in precious metals for your gold ira rollover guide depends on a variety of factors, including how close you are to retirement. You should set aside about five to 10% of your total portfolio for this purpose, but you need to consider the amount of risk you are comfortable taking.

The first step in creating a gold ira is to choose a gold ira custodian. You’ll want a company that has extensive product knowledge and a strong reputation for customer service.

You’ll also want to choose a gold ira company that offers the type of gold you prefer to buy. The best custodians will offer a wide range of high-quality coins and bullion, including platinum and palladium.

How to Fund Your Gold IRA

To open your gold ira, you’ll need to transfer some of your existing 401k funds into your new account. You can do this by contacting the trustee of your old account and requesting that they transfer the funds to your new gold ira custodian.

You’ll need to complete your rollover within 60 days or else you’ll owe taxes on the money transferred. You’ll also need to meet any additional requirements that your gold ira company has for rollovers.

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