When it comes to 401k plans, most of them make it clear that investing in gold, buying bullion, or buying gold coins is prohibited. But most of these plans also give people the ability to invest by going through ETFs, also known as exchange-traded funds. Here are a few other ways that people can purchase gold in 401k:
1 FSAGX or the Fidelity Select Gold Fund
This is a part of the provider named Fidelity Investments. This option is managed very well and isn’t as expensive as some of the others. This fund is big on gold mining and working with popular mining firms like Goldcorp. If you’re interested in mutual funding, you should also consider the First Eagle Gold A Fund.
2 Gold ETFs
When you’re with a 401k plan that gives you an option for brokerage, this allows you to invest in a variety of bigger assets, even if you’re using a regular account. Doing this lets you get access to various gold investments as well. If you are an employee that is enrolled in said plan, investing in ETFs would be the most affordable and easiest way to get exposure to any gold.
3 Investment Retirement Account That Is Self-Directed
If you are an employee that has a 401k plan that doesn’t allow free access to gold investing, you can get out of that plan and set up a self-directed investment account. This is also known as the IRA. This helps you get access to almost any type of gold investment. These investments include things like stocks, ETFs, mutual funds, and other things.
When you are investing in gold in 401k, you should always be completely sure to seek out help from a firm or professional to ensure that your money is being used in a safe and practical way.
