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USAA is The American Legion's preferred provider of financial services. Offering a range of top-rated financial and insurance products and services. USAA welcomes honorably discharged U.S. military veterans, active-duty troops and qualified family members and descendants of those who have served. USAA contributes funds to American Legion programs when members join through a dedicated channel:
usaa.com/legion or by calling toll-free at 1-877-699-2654.

Financial Questions & Answers

Financial Questions & Answers

Question:

How can the Roth IRA be used to incorporate an investment in gold or silver into the 2010 version of the Roth? – Don

Answer:

Typically, precious metals such as gold and silver are considered a nice hedge against inflation, which is often accompanied by high interest rates. This investment also may help guard against general uncertainty in terms of economic and political unrest. We typically recommend three to five percent of a portfolio be invested in this type of hedge. Investment options may include purchasing the commodity itself, exchange-traded funds or mutual funds that invest in companies that mine precious metals. Although very few IRA custodians will hold the actual metals, you could certainly add these types of investments to your Roth IRA in 2011 and beyond.