Gold has garnered increased attention lately as worries about inflation and potential recession arise. Many investors have sought ways to gain exposure to gold; one popular solution being SPDR Gold Shares ETF (GLD). GLD is the largest ETF backed by physical gold on Wall Street. This fund holds 400-ounce London Good Delivery bars from HSBC USA and NA Bank’s London vaults as collateral. What is GLD? GLD is an exchange-traded fund (ETF) which invests in physical gold bullion. As one...
Read More
Gold IRAs are an alternative form of retirement account that enable investors to invest in precious metals as an inflation hedge and diversifier in your portfolio. Before investing, however, it’s essential that you are aware of any fees associated with setting up such an IRA account. Benefits Gold IRAs present investors with an invaluable opportunity to diversify their retirement portfolio. This type of account differs from traditional IRA accounts by permitting for the purchase and holding of precious metals such...
Read More
American equity annuities are a type of income annuity that provide you with a guaranteed stream of lifetime income, making them popular with consumers who are saving for retirement. This article does not provide legal, investment, or tax advice and should be read only as general information. For professional guidance in these matters please seek professional help from qualified advisors. What is an annuity? An annuity is a savings vehicle designed to provide you with a constant source of income...
Read More
Silver is an investment worthy of consideration as part of an individual retirement account (IRA). This precious metal is highly sought-after as one of the premier long-term investment vehicles and inflation hedges. Addition of physical silver to an IRA requires moving money from your existing retirement account into genuine silver coins and bars purchased at auction and secured depository facilities. Eligibility As with other IRA accounts, your eligibility to contribute to a Roth depends on both your income and tax...
Read More
Gold has long been considered an asset with tremendous investment potential, serving as an excellent way to protect purchasing power over time and even increase it over time. If you want to diversify your retirement portfolio with precious metals, a self-directed IRA might be right for you. Certain custodians offer these accounts that enable alternative investments such as physical precious metals. Buying Physical Gold Gold, silver, platinum and palladium IRAs are individual retirement accounts designed to allow their holders to...
Read More
Investment in gold through your Roth IRA is an efficient and flexible way to bolster the diversity of your portfolio. For more information about the process, contact a trusted broker or custodian that specializes in precious metals investing. Before making your selection, be sure to compare the fees charged by each company carefully. Pay special attention to one-time setup fees, annual storage fees, and transaction costs. Taxes Physical bullion is an increasingly popular way to invest in gold, with bars...
Read More
Cryptocurrency investments offer many advantages, from diversification and potential higher returns, to additional risk and special considerations such as Bitcoin IRA fees and tax payments upon withdrawals. But investors must be wary of potential downsides as well. Self-directed IRA custodians make it possible to include cryptocurrency investments in an IRA portfolio, providing investors with an ideal environment in which to safely navigate its volatile price fluctuations and limited list of practical uses. Taxes A Bitcoin IRA is an individual retirement...
Read More
The Invesco QQQ ETF (pronounced “quote”) tracks the Nasdaq 100 Index and offers investors attractive growth potential through technology-related and transformative industries. QQQ’s high weighting in the tech sector poses a unique set of risks: any downturn could bring greater declines than across the overall market. Low Expense Ratio Over the last two decades, QQQ stock has enjoyed a stunning 418% gain, outpacing both Dow (+230%) and S&P 500 (251%). But its incredible growth comes with risks. One such risk...
Read More
An LLC owned by your IRA provides you with more control of your retirement funds and allows access to investments not available through custodians. However, this requires careful preparation and assistance from trusted professionals. IRA LLCs are widely utilized as real estate investments; however, they can also be used to purchase private mortgages, notes, tax liens and foreign/domestic real estate investments. Control over Your Retirement Funds As long as you comply with IRS rules regarding prohibited transactions and disqualified persons,...
Read More
Gold investments are popular investments among many investors, yet it’s essential that investors understand how the IRS taxes physical gold before making a purchase decision. According to IRS regulations, physical gold collectibles are subject to 28% taxes. Investors seeking to avoid higher tax rates should invest in gold mutual funds or ETFs that don’t hold physical gold; losses can then be used against capital gains taxes at lower rates. Cost basis Gold is an attractive investment option, but some investors...
Read More
