Articles Categorized in: Blog
Elliott Wave Theory is one of the most well-known techniques for analyzing financial markets. Its rules and guidelines help traders recognize wave patterns as they emerge, anticipate future price movements and identify smaller patterns within larger ones based on its core principle that states smaller patterns fit within bigger ones. Use Market Analysis Tools to identify market trends and anticipate reversals; develop trading and risk management strategies, or develop trading and risk mitigation plans. Impulse waves The Elliott wave theory...
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Gold coins provide investors with alternative investment opportunities, but must be managed accordingly in terms of taxes. Trading precious metal bullion and numismatic coins could have significant tax repercussions. Make sure that the bullion dealer you choose understands numismatic value, and can assist in deferring taxes through 1031 exchanges. Keep meticulous records of both purchases and sales transactions. Taxes on Capital Gains Capital gains taxes apply to assets sold for a profit in the US, such as gold coins purchased...
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Gold investment can be an excellent way to guard against inflation and is increasingly becoming an alternative investment vehicle to stocks, bonds and other traditional investments. To open a gold Roth IRA, it is important to work with an IRS-approved custodian. Certain coins and bullion are eligible, provided they meet a minimum fineness level requirement. Taxes Gold may provide an effective diversification option for retirement savings, yet when considering its addition to your portfolio it’s essential that the overall return...
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There can be various reasons for withdrawing money from an IRA, but keep in mind that penalties apply unless one of the exceptions apply to you. There are tax breaks for paying qualified education expenses, purchasing your first home and paying medical insurance premiums when unemployed – as well as exceptions for death and disability. Taxes Withdrawals made before age 59 1/2 are typically taxed as income and subject to a 10% penalty, however if you fail to follow the...
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Traditional IRA custodians generally only invest in stocks, bonds, and mutual funds approved by their firm. If an owner requests non-traditional investments such as promissory notes, precious metals, tax lien certificates or private placement securities they may decline following those instructions. Before selecting an IRA custodian, investors should carefully assess their options. They should look out for features such as investment options, fees and customer service that match up to what is important to them. The Custodian’s Role As fiduciary...
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Precious metals are an excellent way to secure your wealth. But when selling them, you must remember the capital gains tax (CGT). Physical gold and silver coins, rounds, and bars are considered collectibles by the IRS and thus subject to higher rates than ordinary long-term capital gains taxes. Cost basis Cost basis refers to the original purchase price of an investment. It plays an essential role in assessing tax liability as well as in calculating capital gains or losses. The...
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Medallion signature guarantees are stamps that provide proof that a document authorizing the sale or transfer of securities (stocks, bonds or mutual funds) from one entity to another is genuine and signed by its true owner. Only certain institutions offer this specialized service. Due to liability concerns, most firms will only offer this service if you are an existing customer with whom they already have an established relationship and proof that you own the assets being transferred. Wells Fargo Medallion...
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Do not invest directly in physical gold bullion for your IRA; rather, investing through an exchange traded fund (ETF). Self-directed IRAs allow investors to diversify their portfolio with both traditional investments and alternative assets like precious metals, though in order to own physical gold within your IRA it must be purchased from a reputable precious metals dealer. Legal Tender The IRS permits precious metals to be held in individual retirement accounts as long as they qualify as legal tender. Typically,...
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An IRA owned by an LLC is ideal for hands-on investments like real estate. By eliminating the need to go through a Custodian for every investment transaction and minimizing fees, an LLC IRA makes investing easier. However, if an LLC engages in illegal transactions or generates taxable income, its costs could outweigh its savings. Legal Issues Although an IRA LLC is an increasingly popular investment tool among self directed IRA investors, its use isn’t without risk. Therefore, it is vitally...
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An Individual Retirement Account, or IRA, allows you to invest in traditional assets. But you can also set up a self-directed IRA which holds physical gold, silver or platinum. To open a gold IRA, it is necessary to transfer money from other retirement accounts into yours without incurring taxes or penalties. A reliable IRA custodian will assist in this process without incurring taxes or fees as part of this transaction. Stability One of the primary advantages of shifting your IRA...
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