Hedge against inflation
Inflation can seriously impede your purchasing power, so putting your retirement savings in an asset like gold — which has historically outperformed other assets amid inflation — is a solid hedge against rising prices.
According to Forbes, inflation typically has an indirect impact on the price of gold. Investors often use gold to protect the value of their money during times of high inflation, and over the long term, it has proven to be a reliable cushion amid economic uncertainty.
Priority Gold is an industry leader in precious metals, offering physical delivery of gold and silver. Plus, they have an A+ rating from the Better Business Bureau and a 5-star rating from Trust Link.
If you’d like to convert an existing IRA into a gold IRA, Priority Gold offers 100% free rollover, as well as free shipping, and free storage for up to five years. Qualifying purchases will also receive up to $10,000 in free silver.
To learn more about how Priority Gold can help you reduce inflation’s impact on your nest egg, download their free 2024 guide on how to invest in precious metals.
Reap tax benefits
While there are multiple ways to invest in gold, the tax advantages of gold IRAs are a clear benefit.
Traditional gold IRAs function like regular IRAs. They lower your taxable income through pre-tax contributions and your contributions are tax-deductible, which reduces your taxable income for the year in which you contribute.
Additionally, taxes on your gold IRA are not due until you withdraw your money, so you’ll be taxed at your income tax rate at the time of withdrawal.
To take advantage of these tax benefits, you can open a gold IRA with the help of Priority Gold today.
How it works
You can open a gold IRA account with the help Priority Gold in three simple steps —
Step 1: Talk to a Priority Gold specialist to understand how a gold IRA can complement your retirement strategy. If you want to learn more about investing in gold, get a free information guide here.
Step 2: You can fund your gold IRA through a rollover from an existing retirement account or through direct contributions. Priority Gold will help you with the paperwork to make the transition seamless. They will also help you find a custodian for your IRA, to ensure your account complies with IRS regulations.
Step 3: A Priority Gold specialist will walk you through creating a personalized strategy – helping you choose the specific gold and silver products to include in your gold IRA. Plus, they will also help you choose an IRS-approved depository to securely store your precious metals.
