Articles Categorized in: Blog

How Much Are Gold IRA Fees?

When considering using a Gold IRA to diversify your retirement portfolio, it is crucial that you fully comprehend all of the fees involved, including setup, storage and annual maintenance charges. These fees are usually assessed by your IRA custodian and should be disclosed in your account paperwork. Furthermore, wire transfer fees are assessed each time you buy or sell precious metals. Initial setup fees Gold IRAs allow investors to add precious metals as investments within tax-advantaged retirement accounts, offering diversification...
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When I Sell Gold Do I Report It to the IRS?

If you sell gold at a profit, the IRS considers this a capital gain and taxes your earnings accordingly. Precious metals dealers play a pivotal role in assuring that all coin and bullion sales comply with federal laws and reporting guidelines, such as record keeping. Through expert guidance and meticulous record keeping practices, customers are guaranteed full compliance. What is Reportable Gold? Rules regarding what coins or bars need to be reported to the IRS can seem complex and incomprehensible,...
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How Do I Convert My IRA to a Gold IRA?

Converting from an IRA to gold can be accomplished via either a rollover or transfer. A rollover is the simpler process as funds will simply move directly between custodians in 60 days time. Once funds have been transferred, you should direct your account custodian to purchase precious metals that qualify under IRS regulations – an excellent way to diversify and hedge against inflation in retirement portfolios. 1. Open an account with a reputable IRA custodian When selecting an IRA custodian,...
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Should I Keep Physical Gold?

Physical gold requires a secure location and additional insurance to keep safe, as its weight makes it more vulnerable than cash or bank deposits to theft. Home storage may make you an attractive target for burglars and most homeowner’s insurance policies don’t cover bullion losses; therefore it is wise to explore other solutions. 1. It is a safe haven Many investors rely on physical gold as a safe haven due to its proven history of maintaining or increasing in value...
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Why is My IRA Losing Money?

An IRA account balance can take an emotional hit during market fluctuations, since its investments may include stocks, bonds and mutual funds. Financial professionals frequently advise diversification in IRA and 401(k) accounts as a means to lower investment risks, by spreading investments across asset classes, economic sectors and geographies. Taxes Many individuals may qualify to contribute to traditional or Roth IRAs depending on their income and participation in workplace retirement plans such as 401(k). Individuals can also set aside savings...
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American Buffalo Gold Coin

Gold Buffalo coins are an attractive investment option due to their 99.99% pure gold bullion content and affordable pricing; however, these investments largely depend on current gold spot price and any premiums charged by dealers. The coin’s reverse features a full-body left profile of Black Diamond, the bison who resided at New York City’s Central Park Zoo, while its obverse displays a Native American portrait by James Earle Fraser. Price The American Buffalo Gold coin is one of the most...
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Can I Buy Gold With My Rollover IRA?

Precious metals offer protection from economic uncertainty by acting as an insurance policy against inflation and stagflation. To buy gold with your rollover IRA, it’s necessary to establish a self-directed IRA and locate a custodian who supports this type of account. An ideal provider is one who specializes specifically in gold IRAs and can handle the process for you. Taxes An IRA rollover can be an ideal investment if done with legitimate lenders and custodians who offer transparent fees. Your...
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Can I Open a Gold IRA?

Many investors invest in gold as part of their retirement portfolio diversification strategy; however, experts advise against investing more than 10% of your portfolio in precious metals. Gold IRAs often incur additional fees such as storage and insurance that can increase your cost of ownership, so it is wise to compare costs across providers when looking at gold IRAs. What is an IRA? An Individual Retirement Account, or IRA, allows you to invest in precious metals such as gold, silver...
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Why Does My IRA Have a Custodian?

When investing alternative assets through an IRA, selecting an ideal custodian is of utmost importance. A top IRA custodian should offer competitive fees, excellent customer service and an intuitive website. Additionally, they should be regulated and regularly audited, and possess experience investing in assets similar to yours. A custodian is a financial institution that holds your retirement account’s alternative assets for safekeeping and IRS reporting. Custodians are financial institutions that are regulated and audited according to IRS guidelines, such as...
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How Safe is a Precious Metals IRA?

Precious metals offer an invaluable way to diversify your retirement account, but investors should exercise caution and consult a financial expert prior to investing. To ensure a smooth rollover process, it’s important to select an IRS-approved custodian and precious metals dealer who understands purity standards. Furthermore, you should research both their online reputation as well as whether they belong to Better Business Bureau. 1. They are tax-free Precious metals offer an extra level of protection to any investment portfolio, unlike...
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