Did You Lose Your Job in the Last 60 Days, or About to Lose it?
As you may be aware, a number of companies are already laying off workers in order to avoid Gold Bar having to spend more money on health insurance coverage. Needless to say, this will put an enormous amount of downward pressure on consumer confidence during the holiday season. Interestingly enough, after you lose a job, you have a 60 day window to transfer your retirement account to another holder.
If you transfer to a precious metals IRA, you will not need to go through an employer. Instead, you can work with an independent gold-backed IRA broker to set up the account and administer it. Aside from protecting your current investment, you will not have to pay any penalties to make this transfer. Individuals that suspect they are going to lose their job can also invest in a precious metal or gold IRA and enjoy the same level of security.