Articles Categorized in: Blog

What Happens When You Sell for a Loss in an IRA?

Investments may fluctuate in value from time to time, yet investors typically are able to recover through their taxable brokerage accounts. But IRAs offer different opportunities. Typically, investment losses in an IRA can only be recognized when your distributions have fallen below your basis and there are no more bases left for claim. The IRS may disallow the loss An uncertain stock market can quickly cause assets held within your individual retirement account (IRA) to decrease in value, yet that...
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Can I Have Gold in My IRA?

Many investors ask: can I have gold in my IRA? In order to do this, first locate an IRA custodian offering physical precious metal investments versus those offering only paper assets such as stocks, mutual funds or exchange-traded funds as investments. Most IRA custodians do not permit investing in physical gold coins or bullion; the exception being some self-directed IRA offerings from some custodians. Taxes As is true of any IRA investment, gains from physical precious metals held within an...
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How Do I Find an IRA Custodian?

An IRA custodian is a financial institution that will hold your retirement assets safely while adhering to all IRS regulations. Selecting an ideal one for your Self-Directed IRA may give you more investment flexibility. Avoid custodians who charge setup or transaction fees when selecting an IRA custodian. Fees are one of the primary contributors to an IRA’s depletion, so they should be scrutinized carefully when comparing potential custodians. 1. Check the IRS list. Considerations when selecting an IRA custodian include...
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Can You Transfer Your 401k Into an IRA Without Getting Penalized?

After leaving an employer, it’s essential to decide how you want to handle their 401(k). One option could be rolling over funds into an Individual Retirement Account (IRA). An indirect transfer can save you from income taxes and the 10% early withdrawal penalty by directly depositing into a new IRA. Taxes There are two methods available to you when moving funds from a 401k to an IRA: direct and indirect rollovers. When choosing the direct route, your old plan provider...
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Can I Convert My IRA to a Gold IRA?

Gold IRAs provide numerous advantages to retirement investors, including portfolio diversification and inflation protection. To open one successfully, first locate a reliable firm to assist with transferring your funds; compare fees and educational resources before selecting the ideal option for yourself. Step two is selecting eligible precious metals you wish to invest in and selecting an IRA company who can assist in making sure all investments meet IRS-compliant investment guidelines. Self-directed IRAs Self-directed IRAs provide tax advantages similar to traditional...
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Can You Store a Gold IRA at Home?

Many ads promote home storage gold IRAs, but such an arrangement is risky. Not only is storing precious metals at home against IRS rules illegal, but storing such metals presents numerous other dangers as well. Investors who store IRA-purchased gold at home may be subject to distribution penalties of 10% if they are under 59.5 years old, as well as being audited. Taxes Though you could store precious metals at home, this may not be optimal when considering retirement purposes....
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How Do I Store My Gold and Silver?

Customers buying precious metals often face an important question about storage: “How should I protect and store my gold and silver?” Some individuals opt to bury or conceal their coins and bars within their homes as this is often the cheapest solution, though this is also potentially risky as thieves or other unwanted guests could easily discover your assets. 1. Safe Deposit Boxes Customers may choose to store their gold and silver bullion in a bank’s safe deposit box for...
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Dave Ramsey Recommends Investing in Gold and Silver

Dave Ramsey is an American financial adviser, author, and radio host who has provided financial guidance to many people to improve their finances. In addition to writing numerous books – such as The Total Money Makeover and Financial Peace University – Dave has advised many individuals who seek his guidance to regain financial control. He hosted a personal finance show on Fox Business Network from 2007-2010. Ramsey often criticizes precious metals markets for being volatile, suggesting other investments would be...
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Which ETFs Are Best For a Roth IRA?

Roth individual retirement accounts offer many advantages over taxable accounts for investments that produce tax-free income such as dividend stock funds. As such, keeping them within your Roth is more advantageous. Consider your goals, risk tolerance and time horizon when selecting ETFs for your Roth account. Your ultimate goal should be finding funds with balanced growth and diversification combined with low costs and tax efficiency. 1. Vanguard Total Stock Market ETF (NYSEARCA:VTI) Vanguard estimates that investing $500 a month over...
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Should I Invest in a Gold IRA?

Gold IRAs provide investors with an investment vehicle for holding physical precious metals in an IRA-approved depository, but be mindful that such investments entail costs such as storage and insurance fees. Before investing in a gold IRA, be sure to compare prices and fees among various providers. Costs As with all investments, gold IRAs offer both advantages and disadvantages. To make sure you make an informed decision with regards to these, consult your legal, tax and financial experts prior to...
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