A lot of people often wonder if they absolutely have to rollover their IRA because they want a gold IRA account. Unfortunately, you are definitely going to have to do a gold rollover because you are only allowed to have one IRA account to the best of my knowledge. So if you want to own gold in that particular account, then you’re going to have to roll it over so that you can own gold this way.
I wouldn’t worry about this too much because this is actually going to be a very good thing for you. Maybe you have never paid close attention to the benefits of a gold IRA, so I’d like to share some of those with you right now to help you make this transition go over a lot more smoothly. So let’s take a look at one or two benefits and hopefully this will make this transition a lot more simple for you.
The first benefit to having a gold IRA account is the simple fact that you are never going to have to pay taxes on the financial gains you receive from your gold investments. To me, this is all I ever needed to hear to convince me that a gold IRA is the way to go. But you may be different, and you may require more information to finally get yourself to make this transition. So let me provide you with one more reason right now.
The second benefit is that this is the only way you can actually hold physical gold as part of a retirement fund. So it’s not so much a benefit as a requirement, and if that’s something that you want to do than you’re going to need to do this rollover whenever you’re ready. So think about that for a moment and realize that this is the only way you’re going to be able to achieve your goals.
Now that you are convinced that this is the right move for you to make, I recommend you initiate a gold rollover for your IRA relatively quickly. The faster you start this process, the faster you will be able to begin making those tax-free gains on your incredible gold investments.