Putting away money for your retirement is best done when you diversify your portfolio. Utilizing traditional investments with a mix of physical precious metals may be ideal for spreading out risk. Getting assistance from one of the best self-directed Roth IRA companies can help you accomplish the goal of adding physical precious metals or real estate to your portfolio.
Utilize Precious Metals When Investing for Retirement
Using one of the top self-directed Roth IRA companies is an excellent way to diversify your portfolio with precious metals such as silver, gold and platinum. You can use them with other investment vehicles like stocks and bonds to round out your portfolio. Adding an asset class containing precious metals is also a great way to combat currency devaluation. Holding a United States American Gold Eagle Coin can act as a hedge against currency devaluation and allows you to diversify simultaneously.
Place Real Estate Into an IRA
Another option you may want to utilize is to place real estate into a self-directed Roth IRA. Adding a multiunit home to your current investment portfolio can provide you with tax advantages. Taking this option is also a way to offset your risk in traditional investments like stocks or bonds.
Adding Diversity and Flexibility to Your Portfolio
Using real estate in your investment portfolio will also help diversify your account. Typical investments, including stocks, ETFs or bonds, can be quickly moved lower based on current economic conditions. Adding diversification to your mix of assets allows you to manage risk more efficiently.
