Articles Categorized in: Blog
Gold bullion investments are an effective way to diversify your portfolio and protect wealth through price appreciation. Even adding just one 1 oz gold coin could make an important impactful difference in your wealth preservation or growth goals. As there are many choices available, you can select a coin that best meets your investment goals and preferences. Some popular bullion coins include: 1. Sunshine Minting 1 oz Gold Bar Gold bars are an effective and dependable way to diversify your...
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A SIMPLE IRA plan may accept rollovers from traditional and simplified employee pension (SEP) IRAs, as well as designated Roth accounts in 401(k) plans; these rollovers must be conducted through direct trustee transfers. Employer contributions to a SIMPLE IRA vest immediately and have low startup costs, while employers also benefit from tax credits for contributions made towards participants’ accounts. Eligibility Employers must ensure all eligible employees can participate in their SIMPLE IRA plan regardless of past contributions or election forms...
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An offshore IRA allows you to invest in foreign currencies and assets while offering asset protection benefits not available with traditional IRAs. However, an offshore IRA is a complex structure from a US tax perspective, requiring an experienced attorney for guidance when creating one. First and foremost, you need to locate an IRA custodian that allows for foreign structures and investments. Many IRA custodians make their living from selling investments; therefore they may be reluctant to allow your accounts overseas....
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Gold IRA companies can assist in moving funds from an existing retirement account into the new account in accordance with IRS rules, and will also provide documentation that verifies this transfer. Gold IRA companies do not provide investment advice, so if you require professional guidance, consult a fiduciary financial advisor. Choose a Trustee or Custodian Working with an investment company specializing in precious metals that specializes in gold IRA options is key for meeting your retirement income goals, timeframe and...
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Many IRA holders look for more flexibility than traditional investments such as stocks and bonds when selecting investments for their IRA accounts, such as rental properties or secured promissory notes. These investment options require a specific type of IRA custodian who has been approved by both the IRS and state regulators as an approved custodian in order to house and manage retirement assets such as Equity Trust. Taxes Custodians of Individual Retirement Accounts are charged with overseeing compliance with IRS...
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The American Buffalo coin, officially authorized by Congress under Public Law 109-145, first entered circulation in 2006. The coin features an image depicting an elegant Native American portrait that may represent multiple real-life figures such as Iron Tail and Two Moons. Origin The American Buffalo Gold Coin, first issued in 2006 and designed from 99.99% pure gold, has become one of the world’s most beloved gold bullion coins since. Legal tender with a $50 face value, it has become an...
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When choosing the ideal depository for their precious metals investments, investors have two storage options to consider – segregated or allocated storage. Mark Yaxley of Inside the Vault explores what sets these options apart and discusses why you may prefer one over the other. Under allocated storage, you are charged according to each coin or bar that was deposited at a depository, unlike segregated storage which only charges you once your bullion has been liquidated and delivered back. What is...
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Gold is an integral component of many electronic devices like televisions, smartphones and cars; additionally it’s an attractive investment option. Gold annuities, also known as precious metals IRAs, provide you with the option to add physical gold bars and coins to your retirement savings portfolio for diversification purposes and as an inflation hedge. They provide added advantages in protecting against inflation. Investing in Gold Gold has long been seen as an investment vehicle that provides protection from economic uncertainty and...
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Gold IRAs are individual retirement accounts (IRAs) designed to allow investors to invest in physical precious metals. Like other IRAs, they adhere to IRS regulations regarding contributions, RMDs and penalties for early withdrawals. Gold IRAs provide diversification, inflation protection and tangible returns over the long term, but may not provide impressive returns in terms of investment returns. Furthermore, they require storage costs that could further erode potential return. Protection from Inflation Gold has long been seen as an insurance policy...
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When opening a precious metals IRA, it’s essential that you locate a dealer that charges low storage and insurance fees, offers transparent pricing on purchases, and provides impartial customer education. IRS rules specify that gold and other precious metals IRAs only hold investment-grade bullion products. Investing in physical precious metals through an IRA may provide protection against inflation and economic uncertainty; however, other aspects should also be taken into consideration prior to committing. Taxes Gold and precious metals are considered...
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