Gold Coin Retirement Plan

Brian Hicks

Updated October 14, 2013

Retirees and prospective retirees are still struggling years after the financial crisis of 2008-09. According to a recent Associated Press-NORC Center for Public Affairs Research poll, 82% of workers over 50 believe they will work in retirement. One in six have said their retirement savings are less than $1,000.

It’s such a depressing situation. With all that hard work trying to secure a future in retirement, it’s being taken away by the shenanigans of the government.

2010 american gold eagleWhile the government is coming closer to an agreement over the debt ceiling, there’s still nothing set, so anything is possible right now. If the government continues its shutdown up to the debt ceiling deadline, it isn’t difficult to see another recession on the horizon.

Investors are tired of dealing with the volatility of the stock market affecting their 401(k) plans. They want something much more secure and tangible. So they are turning to gold.

In 1998, the Technical and Miscellaneous Revenue Act permitted IRA holders to invest their retirement assets in gold coins. The only stipulation is the coins must be held by the financial organization or depository. With state-minted coins, they have to be held by a third party.

IRA Financial Group is one of these institutions helping people invest their IRAs in gold coins. The goal of the company is to help investors shield their retirement assets from an approaching fiscal cliff and the financial insecurity everyone faces.

The company is a provider of solo 401(k) and self-directed IRA LLC solutions, according to the press release. And it has developed an “American Eagle” retirement plan solution, which allows personal possession of American Eagle coins purchased with a retirement plan.

Investors can purchase the American Eagle coins with their solo 401(k) plans or self-directed IRA LLC. This solution gives investors more control over their retirement. They don’t ever have to worry about losing these coins as they could lose funding in their current retirement plans. The gold is always there, no matter what the markets do.

The American Eagle investment is also a great way to diversify a portfolio. Gold has always been effective in leveraging an unstable economy, and that’s true now more than ever.

Lear Capital is offering something similar. The company has just released a limited proof coin set. The 1.5-ounce gold or silver polar bear coin is completely eligible for an IRA.

The coin set is only available for a limited time, but the company has a number of other coins available as well. Lear also offers an IRA backed by gold, silver, platinum, or palladium.

It’s important to understand that there can be storage fees attached to gold coin IRAs. It’s important to ask about them when considering this sort of retirement protection, and you should find out how they apply to different types of accounts.

Once you fully understand the risks and benefits of the account you choose, you can start putting your IRA assets towards gold. After you do it for the first time, all you have to do is call your IRA custodian to let him or her know how much you would like to buy the next time.

What Happens When It’s Time to Retire

Instead of facing an empty retirement fund, you’ll have gold to cash in when it’s time to retire. Gold has risen in light of the government shutdown, but it’s expected to end the year down. This dip may worry some investors, but it’s exciting others, as many see it as an opportunity to buy on the dip.

This is the reason many gold IRA companies are putting out the word about their retirement solutions lately. When you buy on the dip, you can reap the full benefits of the rise in gold prices.

Gold prices will likely rise in the near future as the Federal Reserve continue printing exorbitant amounts of money to stimulate the economy. The more money it prints, the more it will devalue the dollar, and a weak dollar often boosts gold.

Don’t keep watching your retirement vanish before your eyes. Be proactive and protect your investments with gold IRAs.


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