Articles Categorized in: Blog
Many don’t realize they can purchase physical precious metals with their retirement funds; however, you must follow strict IRS regulations in doing so. Self-Directed IRAs allow for direct investments in real property and physical bullion, keeping its value intact even as purchasing power decreases with each passing dollar. What is a Self-Directed IRA? If you want to invest in gold and other precious metals but lack the expertise or time required for physical storage, a dedicated gold IRA company can...
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Gold coins like these possess great historical and intrinsic value which rises and falls alongside gold prices. These pieces, dating back to the beginning of modern Italy as a kingdom and nation, feature mustache-sporting portraits of King Umberto I on their obverses, while later designs feature more recognizably featured King Victor Emanuele II’s face on later designs. Lira The Italian Lira was discontinued when Italy joined the Euro in 2002 and was a gold-backed currency issued by Italy’s kingdom and...
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Taxes due on precious metal sales depend on both what type of gold is held and its form. Physical gold gains are taxed as collectibles at a maximum 28% rate, but investing in funds and assets that do not own physical gold may increase after-tax returns significantly. Collectibles Gold is considered a collectible by the IRS, much like art or antiques. Therefore, if you sell physical gold coins and bars at a profit to an end buyer for any amount...
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A 403(b) retirement savings plan is provided by public schools and tax-exempt non-profit organizations, while individuals may opt to roll their 403(b) into a Gold IRA to diversify their portfolio against inflation and protect themselves from price changes. Physical gold such as coins or bullion is generally prohibited under 403(b) rules; however, indirect investments may be made using Gold Exchange-Traded Funds (ETFs). Working with a custodian may take several days or weeks. Eligibility 403b plans, or tax-sheltered annuities, are retirement...
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Gold IRAs provide investors with tax advantages not available from other investments; however, like any investment there are fees that must be considered when considering investing in gold IRAs. Account setup and maintenance fees, storage fees and insurance costs typically make up the bulk of a gold investor’s expenses, with seller fees or markups depending on what kind of coins or bullion were bought. Taxes on Contributions A Gold IRA is a type of Individual Retirement Account that allows investors...
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Investment in precious metals can be an excellent way to protect retirement savings from inflation while diversifying retirement funds. A Self Directed IRA is often the vehicle used for this investment strategy. Gold IRA LLCs have become an increasingly popular way of purchasing and storing precious metals legally allowed under IRS rules, although this trend could fall foul of IRS restrictions. Asset Protection Precious metals have become an integral component of retirement account diversification strategies to safeguard against inflation. When...
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Dependent upon your relationship to and the date of death of the individual in question, different options for managing their Roth may exist. Non-spouse beneficiaries must access and empty out their spouse’s Roth within 10 years from his or her death in order to comply with applicable tax regulations. Prior to 2019, non-spouses could “stretch out” distributions over their lifetimes; but due to a new law, this option no longer exists. 1. Withdrawals are tax-free At first, it’s important to...
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Precious metals provide an advantageous investment opportunity. Not only can they protect against inflation, but they can help diversify investments during challenging financial periods. Self-directed IRA accounts offer you the ability to invest in gold through alternative investments like precious metals, real estate and more. An Individual Retirement Account (IRA) allows investors to purchase physical gold bullion and coins as well as invest in exchange-traded funds (ETFs) that track the price of certain precious metals. Select a Custodian If you...
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Physical gold differs from many retirement investments in that it doesn’t provide any dividends or interest distributions, plus its time horizon means it could take many years before any returns on your investment begin to appear. Due to these considerations, investing in physical gold via an IRA may not be your optimal option. Luckily, there are other strategies available to diversify your portfolio and protect against inflation. What is an IRA? An Individual Retirement Account, or IRA, is an individual...
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Retirement savings held in precious metals provide diversification and protection in times of economic instability, so it is wise to find an IRA company with multiple positive reviews, industry recognition and outstanding customer support. Look for an investment company that provides direct trustee-to-trustee rollovers as these will enable you to move IRA funds without incurring penalties from withdrawal first. 401k to Gold IRA Transfer Rollover from 401(k) to gold IRA can be an attractive solution for investors seeking to diversify...
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