What is a 401K?
To combat the rising cost of pensions during the 1980's, the 401K account was born. Named after the subsection of the Internal Revenue Code by the same designation, a 401k account is simply a savings plan that permits workers to invest a portion of their pay before taxes are taken out. In addition to salary and health benefits, the 401 K has become an important part of the almost every comprehensive employment package. In many cases employers will match a percentage of the employee's contribution in an effort to lure and retain high-quality talent.
What is a 403B?
A 403B is a public employee's version of a 401K. Employees that work in schools, government agencies or non-profit organizations typically have 403B pre-tax contribution retirement plans.
What are the Disadvantages of a 401K and a 403B?
401K and/or 403B accounts have distinct limitations that make the transfer of accrued monies from these accounts into gold, a particularly attractive proposition.
- Since they are backed essentially by paper assets, the 401K and the 403B are subject to the strength, weakness and volatility of the economy.
- Plan participants have little control over their money as an account advisor is often assigned on behalf of the employer to manage fund movements and investment choices.
- The plans themselves have limited investment options or variety and typically feature a combination of stocks, bonds and mutual funds.
- If an employee needs to take money out of a given plan before retirement or under the age of 59 ½ years old, he or she should expect to pay both heavy penalties and interest.
So while the 401K and the 403B are sound savings plans, their limitations are undeniable. And when it comes to maximizing your retirement dollars and securing your future ... flexibility, diversification, and growth are essential which is why it's important to consider precious metals. A gold IRA can reduce the volatility of your retirement portfolio and protect your purchasing power!
Transferring a 401K or 403B into Gold!
With the mounting global economic crisis and our domestic debt and deficit issues, many savvy investors are converting 401K monies into precious metals. In order to do so, you must first you must check the terms and conditions of your existing 401K and/or 403B accounts. If they do not allow for precious metals investment it may necessitate rolling your funds into a self-directed IRA. Keep in mind that some plans have roll-over penalties and others do not allow accrued dollars to be moved at all unless an exemption is cited like leaving employment or financial hardship. The key is to get the funds released and set up an IRA with the option to purchase precious metals. Smart investors are placing both physical gold and silver in their Individual Retirement Accounts (IRAs). With the global economic collapse becoming more and more certain, gold and silver have become important options for IRA, 401k, 403b, and Pension Plans.
Lear Makes it as Easy as 1, 2, 3 … to Transfer Your 401K or 403B Accounts to Gold!
Request a Free Brochure or call a Lear Representative at: 800-576-9355
Once you receive information on our Precious Metals IRA, contact us regarding the types of metals that can be included and any questions regarding your account set-up.
Once the metals are placed into your account, you will have your own personal Lear representative every step of the way and can call at anytime in the future to discuss further diversification.
You may also fill out our IRA Account Form and a Lear Representative will contact you.
**The statements made in this website are opinions and past performance is no indication of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. LCI cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer's decision alone, and purchases and sales should be made subject to the customer's own research, prudence and judgment.