Articles Categorized in: Blog
The next Elliott wave will likely take the form of a complex correction, taking either an ascendant or descendant path, with its length likely retracing 38% of its original distance and not crossing over onto previous fourth waves. As a rule of thumb, each completed five wave sequence on a smaller time frame represents one wave in an unfolding larger sequence on higher time frames. Wave 3 An Elliott wave sequence progresses in a specific pattern and can appear on...
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An Individual Retirement Account for Gold and Silver allows investors to purchase precious metals stored at depository, with custodians and financial professionals overseeing your account to ensure it complies with IRS regulations. Reputable Gold IRA providers should provide clear and transparent information regarding fees such as storage, shipping and insurance costs. Diversification Many investors opt to diversify their retirement portfolio with precious metal investments as a hedge against inflation and economic uncertainty, providing peace of mind not found elsewhere such...
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If you’re interested in investing in gold and silver, an Exchange Traded Fund (ETF) might be the easiest option for you. These exchange-traded funds invest directly in precious metals, so purchasing them through your brokerage account or robo-advisor should be simple. Just make sure that leveraged gold ETFs and derivatives don’t present too much risk; physical bullion offers far more benefits. iShares Gold Trust Micro ETF (IAUM) Gold has long been considered an attractive, reliable investment that can serve as...
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Many investors turn to gold as an asset that offers financial security during times of economic strife and currency devaluation, yet some remain undecided as to whether physical gold or its shares is best suited to them. Purchase of physical gold incurs additional storage and insurance costs, but also comes with tangible advantages. Easier to Sell Physical gold can be an attractive investment option in times of economic instability, providing tangible security against deflation or inflation while offering dividend returns...
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Gold has long been valued as a precious metal, used in everything from heat shielding to dentistry and cancer treatment. Gold can also serve as an investment, which has proven its worth over time. Investors have the choice between purchasing physical gold or investing in gold mutual funds and ETFs; both options provide diversification and liquidity benefits. It’s a store of value Gold has long been considered an asset worth purchasing as it offers diversification benefits to portfolios. Gold’s long...
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Your standard IRA custodian may not allow you to invest in alternative assets such as real estate, precious metals or startups; luckily self-directed IRAs (SDIRAs) do provide this flexibility. Your IRA rules must be strictly observed to avoid breaking any laws. For example, living on the property owned by your IRA would violate this rule, as would providing services like fixing a toilet to it. Real Estate Traditional IRAs are limited to stocks, bonds and mutual funds; however, self-directed accounts...
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Government employees typically have access to multiple retirement savings plans. In addition to 403(b) and 401(k) plans, they may also have the opportunity to access 457 plans as another means of savings for retirement. Recent Ask GFC questions explored the possibility of rolling over a 457 rollover into an IRA. IRAs provide greater investment variety while not incurring early withdrawal penalties like many tax-sheltered retirement accounts do. What is a 457 plan? A 457 plan is a deferred compensation retirement...
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Physical precious metals can provide your retirement investment portfolio with much-needed diversification and balance against paper investments. The best gold IRA companies provide all the details for their clients on their websites, from one-time setup fees and annual maintenance fees, all the way through storage costs and storage space availability. Gold and other precious metals provide your assets with protection from inflation and economic volatility, and can also help satisfy Required Minimum Distributions (RMDs) once you reach retirement age. Choose...
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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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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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