We are all advised from a young age to make sure that whatever we do with our savings, we need to make sure that we have a good retirement annuity or benefit going. This benefit needs to be able to grow over the years to enable us to lead a relatively easy going retirement without the need to worry about whether or not our money is going to outlast us, or the other way round.
Basically, gold IRA is investing in certain types of gold or precious metal. The idea behind this is that it is a rock solid investment with guaranteed growth and because it is within the regulations of the IRS it allows the ordinary citizen to invest in gold or precious metals. In order to be able to have this type of investment special procedures need to be followed. Learn a little more of this at www.goldirasolutions.org However, once this is all in place, you are not restricted to investing in only gold or precious metals but can add other investments to your portfolio. Learn what wiki has to say about the business with what wiki has to say http://en.wikipedia.org/wiki/401%28k%29 You can have your regular retirement investment transferred once your IRA is set up.
The other option is to do a rollover, which is when you withdraw the total amount due on your retirement fund and after paying the necessary taxes or penalties you then invest the proceeds in your IRA account. This is why transferring is the better option as there are no penalties or taxes due on transfer. This is an excellent way to stop the worry over the future of your retirement funds. History has proved that when the dollar falls, the price of gold goes up. In today’s fragile money market, investing in gold is a good and solid investment which will remove all future worry regarding retirement funds and whether or not they will be adequate.