Articles Categorized in: Blog
If you’re receiving SSDI benefits, taxation could be a concern. Working with a Syracuse SSDI lawyer to understand how the federal government taxes these benefits may help avoid an unexpectedly large tax bill come tax season. The IRS calculates how much SSDI is taxable by comparing half of your SSDI benefits and other income with a base amount, which depends on your filing status. If your income surpasses this threshold, up to 85% of your SSDI may be subject to...
Read More
Gold can provide protection from inflation and diversify your investments, but before investing in physical or gold-based securities it’s essential to carefully consider your goals, risk tolerance and costs. Physical gold can be subject to price manipulation, require expensive storage fees and insurance, but gold stocks require lower initial investments that may be easier to manage. Physical Gold Gold has long been recognized as a safe-haven asset, rising in value when stocks and other investments drop, as well as serving...
Read More
Converting retirement savings into gold is an effective way of diversifying and protecting your investment portfolio, but the process comes with additional costs and restrictions. Your investment goals, risk tolerance and financial situation will ultimately decide if a physical Gold IRA makes sense for you. Get your free investors kit today to gain more insight into this form of investment! Choose a Custodian As part of your transition to physical gold investing, the first step should be selecting an experienced...
Read More
Precious Metals IRAs, also known as gold and silver IRAs, enable investors to invest in IRS-approved silver bullion coins and bars, meeting certain purity requirements and stored at an approved depository. Some types of silver eligible for an IRA include the American Silver Eagle and Moose Silver Bullion Coin; however, proof coins or slabbed numismatics do not meet this criteria. Tax-deferred or tax-free growth Investors looking for tax-efficient retirement funds have three options available to them, from traditional to Roth...
Read More
If you’re thinking of investing in gold via an Individual Retirement Account (IRA), take into account your retirement income needs, time horizon and risk tolerance before making your decision. Also keep in mind that self-directed gold IRAs incur fees from account custodians and storage providers. The IRS imposes stringent guidelines regarding which metals may be held in an Individual Retirement Account (IRA), and must be stored at an approved depository. You should seek a gold IRA company with experience with...
Read More
Gold investments such as physical coins or bullion often provide strong before-tax returns; however, after-tax returns may not be as impressive. Individual retirement accounts (IRAs) cannot invest in collectibles, with an exception made for precious metal investments. Some trustees charge an annual administration and storage fee to hold such assets within an IRA account. Taxes on Capital Gains An Individual Retirement Account (IRA) is the ideal vehicle for gold investments as it defers taxes until profits are distributed or sold,...
Read More
With Bitcoin prices surging, investors are naturally asking if crypto assets can be held within retirement accounts. While the answer is “yes,” it is essential that investors understand all their options before attempting any investments. IRA Financial is the first self-directed IRA provider to offer an IRA Bitstamp solution, enabling owners to purchase cryptocurrency directly on an exchange using their own name while holding onto it securely with institutional-grade cold storage solutions. Taxes If you are investing your retirement account...
Read More
Your tax liability for withdrawals from an IRA depends on whether your contributions were made before or after taxes, and on whether they’re taken before age 59 1/2. If you take an early distribution before age 59 1/2 without qualifying for an exception, IRS Form 5329 must be filed along with your taxes. Taxes on IRA Withdrawals Taxes due on an IRA withdrawal depend on whether or not it was tax-deductible and what its purpose is; generally speaking, traditional IRA...
Read More
ETFs offer an economical solution for diversifying a portfolio. They typically feature low expense ratios and can be traded like stocks; investors should keep in mind, however, that gains made from selling ETF shares are subject to tax on a marked-to-market basis. IRAs offer investors access to a broad selection of asset classes and strategies, making it easy to diversify portfolios with ETFs in your IRA. Here’s more information on this subject! ETFs can be purchased in a Roth IRA...
Read More
Investment of gold through your retirement account can be cost-efficient if you understand its associated risks. Some key expenses associated with gold investing include paying dealer, custodian, and depository fees. Gold IRAs are self-directed retirement accounts that allow investors to hold physical precious metals such as gold, silver and platinum in an individual retirement account and offer tax advantages for doing so. Costs Costs associated with purchasing and storing precious metals within a gold IRA can quickly add up, so...
Read More
