If you’re planning for your retirement, you’ve probably heard of saving money in an individual retirement account (IRA) or a 401K. In typical IRA accounts, your financial contributions are tax-deductible, and the earnings and transactions within your IRA don’t impact your taxes. Contributions to your 401K are tax deferred, because this amount is deducted from your paychecks before taxes and only taxed when you make a withdrawal from this account.
A great way to protect your IRA and 401K is by diversifying these long-term savings portfolios with precious metals. Unlike paper currency, gold and silver retain their value in the midst of inflation. As this video explains, converting a portion of your retirement savings to precious metals can help you safeguard your financial future and protect against inflation.
The representatives at Capital Gold Group are not financial advisors and the information provided in this blog should not be considered financial advice. The past performance of gold investments is not indicative of potential future gains.