401k vs IRA vs Physical Gold – Who Will Emerge Victorious?

With the recent struggles in the economy, a lot of people do not know where they should be putting their money right now. They’re afraid to make investment decisions and that’s completely understandable because so many people lost so much money just a few years ago. So we’re going to take a close look at the options of 401k vs IRA vs Physical Gold so that you can see what is the best opportunity available to you right now so that you don’t make any mistakes with your retirement portfolio.

401k vs IRA vs Physical Gold: What’s The Deal With A 401k?

When you are an employee in the workplace, you are given an option to contribute money from your paycheck into a retirement plan that is called a 401(k). One of the great things about a 401(k) is that you don’t have to pay income tax on the money that you put into it until the day comes when you finally withdraw the money for your retirement. If you use the money earlier than retirement age you will often be penalized plus you’ll have to pay all the taxes and it’ll probably cost you a lot of money over the long run.

The main thing that I don’t like about a 401(k) is that you don’t have any control over it so you are completely at the whim of whoever happens to be managing the portfolio. There are many people approaching retirement age right now who thought their money was very safe and secure in their 401(k). But then the crash in 2008 hit and they lost a lot of money which showed them that they were a lot more vulnerable than they actually thought. There’s definitely some benefits to a 401(k), but it’s probably not the best opportunity for you over the long haul.

401k vs IRA vs Physical Gold: Let’s Examine An IRA Now!

There are actually two different types of IRA’s that most people often open up for their retirement. The first type of IRA is called a traditional IRA and there are some advantages to having one but there are definitely a lot more disadvantages in my opinion as opposed to some of the other options available. The biggest problem in my opinion about the traditional IRA is that it forces distribution based solely on your age. This means that you have to begin withdrawing money by the time you are 70 1/2 years old whether you want to touch that money or not. If you don’t make the withdrawal in time the IRS is actually going to confiscate half of the amount of money that you were supposed to take out that year. So that’s obviously not a very good option at all.

A Roth IRA has its own set of problems and the main one in my opinion is that it’s not tax-deductible. The other thing that I really don’t like about the Roth IRA is that it does not reduce your adjusted gross income at all so you have to pay the full amount of tax on all of your income for that year. But the truth is that the Roth IRA, with all of its problems, is probably the best retirement option available to you right now. But you’d probably want to get one that allows you to put physical gold in your IRA so that you can take full advantage of that amazing opportunity right now.

401k vs IRA vs Physical Gold: What’s Up With Physical Gold?

Physical gold is by far the best investment opportunity being offered at the moment. Gold has been going up a tremendous amount over the last couple years, and because the economy is in such a shambles and there’s really no signs of getting out of this trouble soon, that it looks like gold is going to continue to rise well into the future.

All of the economic indicators say that physical gold is an absolutely amazing investment right now. So you should definitely take advantage of it while the opportunity is still there for you. I highly recommend you buy physical gold now before the price gets too high and the investment opportunity is no longer there.