Volatility remains a persistent and nervous investment partner
LOS ANGELES, CA–(Marketwired – April 15, 2016) – If you’re not stressed out right now, perhaps you don’t know what date it is.
April 15th is here, along with a gracious extension, and if you’re considering buying a flat screen instead of contributing to your retirement fund, it’s time to check your priorities.
Common wisdom holds that any investment to your retirement is a wise choice, whether in the form of a contribution to your IRA, Roth IRA or 401(k) plan.
As more Americans shoulder the responsibility of funding their own retirements, with no help from pensions, and increasingly shaky promises of Social Security, we’re relying more than ever on an IRA or 401(k) to meet all our financial needs in retirement.
But the volatile stock market so far in 2016 has left many questioning if those funds will be there at retirement time. This year, with tax deadlines bearing down, and returns on market-dependent assets increasingly doubtful, many Americans are looking to protect the buying power of their retirement through a gold IRA or gold IRA rollover.
Recession on horizon?
“My phones are going crazy,” says Trevor Gerszt, founder and CEO of Goldco Precious Metals. “People are very concerned, and with both Citigroup and the IMF predicting recession in 2016-2017, people in their forties and fifties know if they lose retirement money now, it’s gone for good. They won’t have time to recover.”
Gold and silver are assets investors traditionally run to when markets decline, because while a stock can lose virtually all its value overnight, precious metals not only retain their value, but resist inflation. The new wrinkle is that now precious metals, in the form of actual physical gold and silver coins, can be held in gold IRAs.
“As more Americans realize this is available to them, we can barely keep up with the demand. Customers tell me they thought it would be difficult to do a gold IRA rollover from their traditional IRA or 401(k). But it’s no different than any other kind of rollover; except that once they have it they worry less about the stock market.”
“We’re seeing an increase in the number of people converting to a Gold IRA simply because Gold is performing so well, while the stock market isn’t,” says Gerszt.
About Goldco Precious Metals Goldco Precious Metals (goldcopreciousmetals.com), located in Los Angeles, CA, is a privately held retirement services firm specializing in wealth and asset protection. They offer a range of retirement investment accounts including traditional, self-directed and Self Storage IRAs; as well as IRA, 401(k) and 403(b) rollovers. Founded in 2006 by finance and precious metals authority Trevor Gerszt, Goldco also offers direct sales of precious metals coins to collectors and investors. Goldco was chosen the Number One Gold IRA Provider in the nation by Inc. 500 (www.inc.com/inc5000). Goldco also maintains an A-plus rating by the Better Business Bureau (www.bbb.org), has been awarded five stars by TrustPilot (www.trustpilot.com), and Trustlink (www.trustlink.org), and has been rated triple A by the Business Consumer Alliance (www.checkbca.org).