Put That Old 401k to Use

The amount of people that leave an employer and simply let their employer sponsored 401k plan sit and rot is truly astounding. Once an old 401k plans begins to sit, it becomes susceptible to erosion from annual fees and a lack of diversification. Not to mention the fact that there is no longer funds flowing into the account on a regular basis.

Leaving an old 401k to simply sit is a colossal waste of time, capital and resources. Not only may the account bleed money from management fees and the investment choices contained within it, but it also carries a heavy opportunity cost.

Consider this for a moment: Suppose you had a 401k account with a balance of $100,000. You leave your job to start something else, and decide to just leave the account alone. Now further suppose that the fees associated with maintaining the account add up to half a percent per year. That means the account has to earn a half percent per annum just to break even. Now further suppose that you leave your employer after the stock market has been moving higher for a decade, and a few months later the market collapses and begins to trend lower in a bear market.

That $100,000 next egg could go to $97,000, then $92,000 then $85,000…. If a stock market crash is substantial enough, that account could even potentially be cut by half or more in the blink of an eye.

Not exactly proactive money management is it?

Leaving an old 401k plan to fend for itself is a mistake that borders on insanity. You earned that money and you put it away. Why not make it work as hard for you as you did for it?

Transferring an old 401k to a gold IRA is a simple, convenient and logical choice. Not only does it allow you to put your hard-earned capital to work for you in an investment with enormous upside potential, but it accomplishes some other important things as well. Gold has been considered a reliable store of wealth and value for centuries, and this key asset class can provide some potential benefits that stocks and bonds simply cannot.

Gold may potentially act as a meaningful hedge against a number of economic and geopolitical issues such as inflation, deflation and declining currency values. What are other asset class can potentially offer protection from a weakening dollar or fiat currencies? What other asset class may possibly rise in price during periods of rampant inflation? What other asset class carries zero counterparty risk?

Whether you have an old 401k account or not, gold is an asset class that you need to include in your overall portfolio. In the modern economic and geopolitical climate, how can you afford not to?

Rolling over an old 401k to a gold IRA has never been easier. Don’t have an old 401K? Rolling many other types of retirement plans into a gold IRA is just as easy.

Speak with an Advantage Gold account executive today about the potential benefits of gold ownership. Or associates are here to answer any questions you may have, and can show the most simple and convenient ways to begin investing in gold right now.

Don’t let your money stop working for you. Explore your options for gold ownership today. Call Advantage Gold at 1-800-341-8584 to get started today.

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