And how this harms their clients' portfolio.
AUSTIN, Texas, June 13, 2023 /PRNewswire/ — Many Americans employ financial advisors to help them grow and protect their portfolios. However, financial advisors often only promote products their employers offer and thus miss out on the potential of assets like gold. Many are shocked to learn that adding precious metals into a portfolio mix has outperformed stocks and bonds for around 20 years.
As people approach retirement, they've traditionally had the assets many are familiar with, such as mutual funds, stocks, and bonds. But precious metals IRAs can hold gold along with these traditional assets, allowing for a more diversified portfolio. In the latest episode of U.S. Money Reserve's “In Conversation,” former Vanguard educator Brad Chastain discusses why financial advisors overlook gold and the benefits they miss out on.
Philip N. Diehl, 35th Director of the U.S. Mint (1994–2000) and President of U.S. Money Reserve, and Edmund Moy, 38th Director of the U.S. Mint (2006–2011) and U.S. Money Reserve's Senior IRA Strategist, are joined by Angela Roberts, U.S. Money Reserve CEO; Brad Chastain, U.S. Money Reserve's Director of Education; and host Chuck Woolery. They break down the advantages of gold in an IRA, from its protection to its profit potential and tax benefits.