Articles Categorized in: Blog
Gold IRA companies have been accused of pressuring potential investors with dubious tactics such as promising excessive amounts of free silver upon opening an account and charging one-time setup and annual custodian fees. Investors should remain alert and vigilant in order to protect themselves from fraudulent gold IRA schemes. Knowing the signs of a gold IRA scam may help safeguard their retirement savings and safeguard future generations. They are regulated by the IRS The IRS has strict rules governing gold...
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A Silver IRA is similar to your existing retirement account, except it consists of real silver coins and bars instead of paper assets. A Silver IRA provides diversification in your portfolio against inflation as well as uncertain economic environments. If you own an old 401(k), 457 plan, Thrift Savings Plan or annuity account, rolling it over into a silver IRA is simple and will provide several tax benefits. Safe-haven asset A silver IRA is an individual retirement account that stores...
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Roth IRAs provide a tax-efficient means to save for retirement; however, there may be annual limits on how much can be transferred over. Direct rollovers involve moving money directly from one pre-tax plan to another without tax withholding being withheld; indirect and 60-day rollovers usually only allow for this once every 12 months. Tax-Free Withdrawals Roth IRA investments do not subject their earnings to income taxes when you withdraw them at retirement age or earlier. Traditional IRAs require you to...
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Gold IRAs are self-directed retirement accounts that allow investors to invest in physical gold and other precious metals directly, with higher fees than traditional IRAs, including custodian and storage fees. As with other IRAs, Roth IRAs provide you with a way to diversify your investments and potentially protect against inflation. But before opening one yourself, there are a few key points you must keep in mind before opening one. What is a gold IRA? Gold IRAs are retirement accounts that...
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If you’re seeking gold for an IRA, be wary of companies offering opaque pricing and competitive markups, as well as buy back options and price notifications. Furthermore, they should offer an assortment of coins and bars eligible for investment into an IRA account. Gold investing is a smart way to diversify your retirement portfolio. However, make sure that when purchasing precious metals you comply with IRS rules. Tax-deferred growth Gold IRAs provide an ideal way to diversify your retirement portfolio,...
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An investment in precious metals is an effective way to safeguard against currency decline, political and financial turmoil and inflation – however, you should keep certain considerations in mind before doing so. Importantly, investments must be held in an IRS-approved depository – this can incur extra setup, transaction and storage fees. Buying Gold An Individual Retirement Account (IRA) allows you to dollar-cost-average or simply accumulate physical precious metals over time while deferring taxes on gains. A gold IRA cannot hold...
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Investors purchasing physical gold bullion must also consider the costs and risks of storing it at home; while this option is popular, home storage comes with costs and risks such as theft. Many people don’t realize the costs involved with owning and storing physical gold can be substantial. Here we explore some of these expenses associated with owning physical gold and how best to reduce them. Costs of Safe Deposit Boxes Renting safe deposit boxes at banks and credit unions...
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Self-directed IRAs allow you to invest in various IRS approved investments such as real estate, cryptocurrencies, precious metals and private stocks – however you’ll require a custodian to oversee your account and manage its investments for you. Self-directed IRA custodians may include banks, trust companies or other entities. Each of them charges fees to create and maintain your account – which could lower earnings over time. In addition, each has rules and guidelines regarding prohibited transactions. Fees When selecting a...
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Silver can be kept in an Individual Retirement Account (IRA) to diversify an investor’s portfolio; however, not all coins and bars qualify for inclusion in an IRA. Silver investments that qualify for an IRA must meet stringent purity and minting standards, so make sure you know what characteristics to look out for to ensure they remain secure investments. Investing in Precious Metals IRAs Precious metals IRAs offer an alternative to more traditional retirement investments such as stocks, bonds, and mutual...
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At some point in time, when selling gold coins or precious metals such as silver bars or coins, the key is to maximize your returns from investment. Do not fall prey to scams when selling through untrustworthy platforms such as Facebook Marketplace and eBay – here’s how you can safely liquidate your gold and silver assets. Sell to a Dealer Your precious metal investments may have taken weeks, months or even years of research and selection before being ready to...
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