Description

Diversifying your retirement portfolio is an important step in reducing its volatility. One of the most unique ways to diversify your investments is by investing in gold alongside traditional stocks, bonds, and mutual funds.

But you have numerous options for investing in gold, some of which are more labor-intensive and risky than others. If your main goal is to save for retirement, a gold IRA may make more sense than a physical gold investment. But like any investment vehicle, gold IRAs have advantages and disadvantages you should be aware of.

Knowing the main gold IRA pros and cons can help you make the right decision for your retirement goals. Read on to learn more about the pros and cons of starting your own gold IRA.