What is a Silver IRA Rollover?
How much do you know about investing in silver? Whether you have previous experience investing in precious metals or not, you should know that there are many advantages to including silver in your IRA. Silver is much more affordable than gold, platinum and palladium, many investors actually prefer bulking up their portfolio with shiny silver assets. In fact, silver has an even longer trading history than gold and of all five metals discovered by man, silver was one of the first. Shiny, strong and suitable for use in various industries, silver is a lucrative choice for retirement investing. Don’t worry if you already have a savings plan put into place, because the process of performing a silver IRA rollover will be easy when you educate yourself on the subject.
Understanding What a Silver IRA Rollover Entails
A silver IRA rollover provides the account holder with a greater level of freedom over their investments because the investment choices are broader, whereas the investment options are somewhat limited with a 401(k) plan. You can roll over the funds directly from your old account to the new one. An IRA custodian must be secured before you can start the process, so keep this in mind when you’re planning to roll over your 401(k) into silver.
Key Facts about the Uses for Silver
Jewelry, coins, and bars are the most obvious uses for silver, but there are even more uses for this versatile precious metal. Tableware, automotive parts, batteries, mirrors and industrial equipment are a few examples of the things that this metal can be used for. Its versatility is one of the main reasons why it is constantly in demand.
Diversifying a Portfolio with Other Precious Metals
Understand that a self-directed silver IRA is not limited to silver assets. In fact, you can make your portfolio stand out by also including gold, platinum, and palladium assets in it. Add even more investor appeal by diversifying the types of metal held in your IRA. Our most popular coins include the Goldco exclusive Gold UK Lunar Year of the Rooster and the exclusive Silver Britannia Lunar Year of the Rooster Privy.
The process of performing a silver IRA rollover is easy with the guidance of the precious metals IRA experts at Goldco. Call us for assistance with a hassle-free rollover.