Articles Categorized in: Blog
American Eagle gold coins offer an effective way to diversify your investment portfolio, offering versatility, a low premium cost and global recognition as valuable investments. Also, these coins qualify for investment into an Individual Retirement Account (IRA). While most numismatic coins aren’t permitted to be kept within an IRA account, precious metal bullion has an exemption that allows it to remain eligible. They are a great way to diversify your portfolio Gold Eagles are one of the easiest and most...
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An LLC can protect and lower processing fees associated with Self-Directed IRA investments, as well as prevent prohibited transactions and any possible comingling between personal funds and the IRA’s investments. An IRA owned LLC provides clients with access to alternative investments, including real estate and private businesses. Many clients use this structure when purchasing complex assets like apartments or land. Limited Liability LLC structures offer protection when investing your IRA funds into alternative assets, since an IRA LLC acts as...
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Precious metals can be an attractive investment option within an IRA; however, they tend to be more costly than paper assets and require safe depository storage for optimal returns. To open such an account, it is essential that you choose a dealer with a custodian who adheres to IRS guidelines and holds the necessary certifications. Traditional IRA As the owner of a Traditional IRA, opening a precious metals IRA follows a similar process to opening any other type of account....
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When opening a gold IRA, it’s essential that you work with a trusted custodian that provides physical precious metals. They will assist in selecting coins and bullion that meet IRS specifications. Some companies also provide additional services. For instance, they might provide buyback options to allow customers to sell their assets whenever it suits them. Goldco Goldco was established over a decade ago, and since then has earned itself a strong reputation as an honest and reliable gold dealer. Their...
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Gold IRAs provide your retirement portfolio with additional diversification, as precious metals tend to thrive during times of currency debasement and inflation. Opening one is easy: contact your current IRA or 401(k) administrator and request they send the check directly to your new account provider. Keep in mind that most gold IRA companies only sell precious metals and do not provide investment advice or brokerage services. Most may, however, have an approved list of brokers they work with. What is...
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As economic and political uncertainty increases, some individuals are turning to precious metal investments as an avenue of diversification. Investors wishing to store these precious investments need a secure location. Hegar has chosen Lone Star Tangible Assets, a firm specializing in moving and storing precious metals, to establish and operate the depository with state oversight and charge fees from customers using it. Security When offering to store your gold, a company must follow stringent security measures such as closed-circuit cameras,...
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After years of financial turmoil, rising inflation, and an unprecedented global debt bubble, investors are seeking ways to safeguard their savings. One such method is investing in gold-backed IRAs. Gold’s price will never reach zero; however, investing in it through an IRA may present several drawbacks. Taxes Gold-backed IRAs provide an excellent means of diversifying your retirement portfolio and protecting it against inflation, while offering long-term returns. Opening and maintaining a precious metals IRA requires incurring various fees. These include...
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As with any major investment decision, opening a Gold IRA should only be undertaken after conducting extensive research using impartial third-party resources (rather than directly dealing with an IRA company that may have financial interests in selling one to you). You also should familiarize yourself with all IRS rules regarding contributions, distributions, and taxes before investing your savings into one. 1. Diversification Gold may seem like an attractive hedge during times of economic unease, but precious metals don’t necessarily offer...
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As soon as you change jobs, your 401(k) offers several options: cash out, move it to your new employer’s plan or rollover into an IRA. Direct rollover transfers the funds directly from one pre-tax account to the new. An indirect rollover involves your old plan sending you a check with taxes withheld; you have 60 days to deposit or face penalties. Taxes Many individuals transfer funds from their former employer’s retirement account into an individual retirement account (IRA), when changing...
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Gold is an increasingly popular investment option for Individual Retirement Accounts (IRAs). However, it is important to remember that taking physical possession of precious metals before age 59 1/2 could result in incurring income tax and possibly incurring a 10% penalty tax payment. As this would violate IRS regulations, it would also be wiser to work with a company specializing in precious metal IRAs instead. Requirements for an IRA custodian Custodians are entities responsible for holding IRA assets and investments...
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