Articles Categorized in: Blog
Some investors buy physical gold and silver as an inflation hedge or safe haven during uncertain times, while others invest in exchange-traded funds (ETFs) that hold precious metals or mining stocks as safe haven assets. Whatever the case may be, here are a few key things you should know about investing in physical gold and silver. 1. They are tangible assets Physical gold and silver investments provide tangible assets that can be passed along through generations; something which cannot be...
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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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An inherited IRA is a type of retirement account you may inherit when someone dies, with its own set of regulations that differ from traditional or Roth IRAs. First and foremost, consult a financial professional regarding your specific circumstances. They can advise on how best to utilize inheritance funds while minimizing taxes. Take a lump-sum distribution. IRS rules regarding inheritance accounts can be complex and confusing. In certain instances, it may make sense to spread your distributions out over 10...
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Gold or other precious metal investments can eat away at your retirement savings with fees for account setup and management, storage and insurance coverage. IRAs generally aren’t permitted to invest in collectibles like gold bullion and coins; further, they must be stored at an IRS-approved depository. What is an IRA? An Individual Retirement Account, commonly referred to as an “IRA”, allows people to save for retirement through tax-advantaged accounts such as traditional pre-tax IRAs, Roth IRAs and SEP IRAs. Gold...
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Your answer to this question depends entirely on your financial goals, risk tolerance and investment horizon. In general, experts advise allocating 5-10% of your portfolio towards precious metals investments. Keep in mind that storing bullion at home is more complex than simply placing it in a safe. Read on for tips on storing gold and silver properly. How Much Can I Store? Gold and silver investments offer investors seeking financial diversification and wealth preservation the chance to diversify their assets...
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An heirloom jewelry from your family holds significant sentimental value; however, if you plan to sell it or trade it, its true worth must be assessed before proceeding. This will enable you to determine if any taxes are due, as well as determine the best way to sell it; gold items have various markets for resale. Appraisal An inheritance of gold or silver can be both thrilling and gratifying; but, with it comes many important questions for beneficiaries when making...
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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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Self-directed IRAs allow investors to invest in a wide variety of assets, from real estate and private equity investments, to alternative investments. There are certain rules you must abide by; such as not using any assets personally and reporting their fair market value annually. Real estate IRS rules permit self-directed IRAs to invest in alternative assets, including real estate and precious metals that meet certain purity standards, through specialized exchanges that work with self-directed IRA custodians. While such investments may...
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The TSP provides various rollover options, with direct rollover being one of the more popular choices. This type of transfer involves trustee-to-trustee transfers that prevent liquidating assets. If you opt for this route, be careful with your “Federal Withholding” sum; any amount above zero could result in taxes and penalties later. Direct rollovers Direct rollover is a method for moving retirement funds between accounts without incurring tax liabilities or early withdrawal penalties, such as from traditional TSP to an IRA...
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Many investors are curious as to whether one of the world’s richest people, Warren Buffett, invests in precious metals. After all, he and Charlie Munger have seen significant returns by investing in silver together. But why do these investors choose silver investments, and does their overall strategy support such an endeavor? Why Buffett Invested in Silver Buffett purchased his silver at relatively low prices and took it seriously; today’s much higher prices may still make buying worthwhile if compared with...
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