Articles Categorized in: Blog
Are you curious as to why different coins containing the same amount of gold (Krugerrand, Maple Leaf or US Eagle) command different prices? The reason lies within an element called premium. How much you pay for precious metals purchases ultimately depends on your investment goals and liquidity needs, with this article discussing some of the main elements that impact premium pricing for bullion products. Supply & Demand One oz gold coins are one of the top choices for investors seeking...
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ETFs offer an easy and straightforward way to diversify your portfolio with precious metals, but it’s essential that investors understand their risks before purchasing one. iShares Silver Trust holds physical silver bars in vaults, which helps lower costs (insurance, storage) and risks (theft, misplacement) when compared with alternative investments like silver coins. Furthermore, it tracks price performance closely. iShares Silver Trust ETF (NYSE:SLV) The iShares Silver Trust provides investors with an efficient and straightforward means of accessing the silver market....
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Custodians must abide by IRS regulations. A custodian may include banks, financial institutions or authorized trust companies. For self-directed IRAs, selecting a custodian that supports your investments and provides responsive and respectful customer service is of utmost importance. Their website should be user friendly so you can navigate easily and ask any pertinent questions either in person or over the phone. Trustee An individual retirement account (IRA) custodian is a financial institution that secures and safeguards its investments while adhering...
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An article is a piece of writing on a particular subject that forms an individual part of a publication such as a newspaper or magazine, although it could also serve as its own piece of work – for instance as part of a report or dissertation. An IRA owner’s greatest source of frustration lies in dealing with an ineffective custodian that does not respond or communicate effectively, which makes transparency essential. Custodians are responsible for holding and administering your IRA...
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Fees play an essential part in your investment returns. According to research, fees of just 1 percent could reduce your Roth IRA by $10K over 20 years. Shopping around will help reduce your fees; here’s how. Betterment Betterment was one of the early pioneers of robo-advising, offering value for your money with low management fees, zero minimum account balance requirements, socially responsible investment options and goal-based tools. They offer commission-free stock, ETF and option trades as well as Roth, traditional,...
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Self-directed IRAs may offer greater freedom than traditional investment accounts, yet come with additional responsibilities for investors. Investors must carefully vet opportunities, make well-informed investments and avoid prohibited transactions. Self-dealing, which includes renting your IRA property to nonqualified persons or paying yourself maintenance work on rental properties owned by your IRA, is strictly forbidden and could incur heavy IRS penalties. Invest in Alternative Assets Investment in alternative assets such as real estate, private equity and precious metals gives retirement account...
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Investing in precious metals can provide an excellent protection from market volatility, political unrest and currency weakness – however owning physical bullion comes with storage fees and other associated expenses that must be factored into calculations of investment returns. An ETF provides an accessible and cost-effective way of diversifying your portfolio with gold and silver exposure, but these funds don’t provide the same degree of catastrophe insurance protection that physical bullion does. Gold ETFs Gold ETFs offer one of the...
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If you inherit precious metals, it is crucial that you understand all legal and tax repercussions, including estate taxes, capital gains taxation, stepped-up basis and reporting requirements. Before selling coins that have been passed down from relatives or inheritance, it is wise to seek an accurate and fair appraisal in order to secure the highest possible price for them. This can ensure you obtain maximum return from selling these valuable pieces of inherited gold and silver. Inherited gold is tax-free...
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Before making any major adjustments to your savings or investment portfolio, consult with a financial advisor first. He/she can offer impartial advice about gold as an asset without high pressure sales tactics or sales pitches. Early retirement savings provide your money with time to compound. Consider opening either a traditional or Roth IRA and investing in stocks, bonds, real estate etc. 1. It’s a hedge against inflation Gold can provide seniors with an effective means of protection from inflation. Because...
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When considering using a Gold IRA to diversify your retirement portfolio, it is crucial that you fully comprehend all of the fees involved, including setup, storage and annual maintenance charges. These fees are usually assessed by your IRA custodian and should be disclosed in your account paperwork. Furthermore, wire transfer fees are assessed each time you buy or sell precious metals. Initial setup fees Gold IRAs allow investors to add precious metals as investments within tax-advantaged retirement accounts, offering diversification...
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