Articles Categorized in: Blog

How Does a Gold IRA Rollover Work?

There are two methods available to you for rolling over funds into a gold IRA. A direct rollover allows your money from an old retirement account to flow directly into your new one without being withheld for taxes by the IRS. An established gold IRA company can ensure your rollover goes smoothly from start to finish, from making sure all documentation is completed accurately to complying with IRS regulations. What is a rollover? Gold IRA rollover refers to the process...
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What is the Best Silver and Gold ETF?

Are You Looking to Add Precious Metals to Your Portfolio? There are various strategies available to you for doing just this, from investing in physical silver bullion or shares of companies mining these precious metals to stock purchases from mining operations that have these metals as their core business. One of the oldest and largest silver ETFs is SIL, featuring a heavy weighting in Wheaton Precious Metals as its major holding. Additionally, this fund offers currency-hedged options. iShares Silver Trust...
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What Investment is Better Than Gold?

Gold stands out as an asset class with lower daily fluctuations than stocks and savings accounts, which makes it ideal for today’s unstable economic times. Gold does not generate interest or dividends and can be costly to store; for more information about how gold could supplement your portfolio request a free information kit today! 1. Electric Vehicle Metals Lithium, cobalt and nickel may garner most of the attention when discussing electric vehicles (EVs), but numerous precious metals play critical roles...
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Why Does the IMF Have Gold?

Gold has long been considered a cornerstone of international monetary system. Nations use gold as an indication of their financial strength and trustworthiness; additionally, nations often utilize it to stabilize currency exchange rates or provide loans. IMF holds an extensive amount of gold stored at various depositories around the world. This gold was amassed between 1946 and the late 1970s through Members’ initial quota subscriptions, various increases, and other transactions with the Fund. It is a safe investment Gold stands...
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How Do I Choose an IRA Custodian?

Selecting an IRA custodian is one of the most consequential decisions you will ever have to make. There are various factors that determine an IRA custodian’s suitability for you – fees, investment options and reputation all play a part. Real estate, private equity, precious metals and privately held businesses are among the many investment options available to IRAs; however, not all custodians support such investments. Fees Fees should be an important consideration when selecting a custodian. Look for those that...
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How Do I Hold Gold Coins in My IRA?

Gold IRAs are individual retirement accounts designed specifically to allow investors to store physical precious metals within their retirement portfolios, adhering to IRS regulations. Coins eligible for an IRA must meet certain purity guidelines set out by government mints or accredited refiners/assayers/manufacturers such as American Eagle bullion and proof coins; Purity requirements The IRS allows individuals to purchase gold coins for storage within their self-directed individual retirement account (SDIRA), provided they meet strict purity requirements such as being produced and...
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Can You Buy Gold With IRA Money?

Gold and other precious metals can be purchased within a self-directed IRA for tax-free accumulation until withdrawal. Physical gold purchases usually incur additional storage and insurance fees that exceed other IRA fees. An investment in precious metals IRA is a serious financial decision and should be carefully thought through before being made. Before making your final choice, educate yourself through trustworthy sources before making your final choice. What is a Gold IRA? Gold IRAs allow you to purchase and store...
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Tax Benefits of a Gold IRA

A gold IRA works similarly to any other IRA: contributions are made using pretax dollars that grow tax-deferred until distributions at retirement. Step one is selecting a metals dealer who can set up a self-directed individual retirement account (SDIRA), an account you manage but which includes an IRS-approved custodian and depository institution. Tax-Deductible Contributions Investment in precious metals using an IRA allows for tax-deductible contributions. Your investments will grow tax-deferred until it comes time for withdrawals during retirement – but...
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How Do I Transfer My 401k to a Crypto IRA?

Cryptocurrencies have quickly gained acceptance as an asset class to diversify retirement portfolios, yet many traditional IRA providers don’t provide these alternative asset classes. Koinly provides a special type of IRA designed specifically to enable crypto investing – known as a self-directed IRA or SDIRA). Koinly makes managing this account effortless by automatically tracking cryptocurrencies and calculating tax liability for you. Transferring Your 401k to a Crypto IRA Cryptocurrencies can be an excellent addition to retirement portfolios, offering potential for...
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SIMPLE IRA Rollovers

As of 2016 (or December 18, 2015, when the law took effect), SIMPLE IRAs can accept rollovers from traditional and SEP IRAs as well as eligible employer-sponsored plans. However, the additional tax on early distributions increases from 10% to 25% if you take action within two years of enrolling in a SIMPLE IRA plan. Taxes A SIMPLE IRA allows employees to save pre-tax money from their paychecks and reduce taxable income, with employers matching workers’ contributions dollar for dollar up...
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