Investors are smart to be concerned about how they’ll pay for...
Los Angeles, CA (PRWEB) April 15, 2015
In response to a study showing the majority of Americans remain deeply worried about the economy and its impact on the future, Trevor Gerszt, CEO of Goldco Precious Metals, announced today a new way workers can take control of their retirement savings.
The study, reported April 7th in “US News and World Report,” and conducted by George Washington University's Institute for Communitarian Policy Studies, shows despite optimistic headlines most Americans are anxious, not just about the present, but their future economic security.
“They’re worried about how they’ll pay for basic necessities," says Gerszt. “They’ve seen decades of instability and now, with retirement on the horizon, they’re smart to be concerned about how they’ll pay for housing, food and especially skyrocketing health care costs.”
Even those who managed to put away a nest egg in spite of the recession are anxious. “They may have savings, 401(k)s, stocks, mutual funds—but if the economy tanks again—what then?”
Today Gerszt announced Goldco is offering a new Self Storage IRA, a form of self-directed IRA that lets account owners take unprecedented control of their savings, including how they’re invested and even where some tangible assets are stored.
The owner-controlled self-directed IRA was the brainchild of independent investors in the 1990s, who sought to cut out banks and mutual funds that controlled every aspect of retirement accounts, even which assets owners could invest in—and charged hefty transaction fees into the bargain.
In 1996 they won their court battle against the IRS, which opposed handing control to owners, and this new type of IRA became a completely legal way for individuals to manage their savings and even pocket more, now they didn’t have to pay recurring custodial fees.
The Self Storage IRA takes that control even further, says Gerszt, allowing account owners to decide where certain assets, such as gold and silver, can be stored. “We want them to know they have options, and one of those options is to choose where certain of their assets are stored, so they know for a fact where their money is.
Gerszt knows in a busy world not everybody wants that degree of responsibility. “We offer all the customary services people look for—traditional gold and precious metals IRAs, plus 401(k), 403(b) and IRA rollovers. We just want people to know that, even in a scary economy, it’s still their money and they have a right to control it.”
About Goldco Precious Metals
Goldco Precious Metals (goldcopreciousmetals.com), located in Los Angeles, CA, is a privately held retirement services firm specializing in wealth and asset protection. They offer a range of retirement investment accounts including traditional, self-directed and Self Storage IRAs; as well as IRA, 401(k) and 403(b) rollovers. Founded in 2006 by finance and precious metals authority Trevor Gerszt, Goldco also offers direct sales of precious metals coins and bullion to collectors and investors.
April 7th, 2015 - Majority of Americans Worried About the Economy