Articles Categorized in: Blog
No matter if you’re starting from scratch or rolling over existing retirement accounts into Gold IRAs, the IRS imposes specific limitations that you should keep in mind. Your best option will be working with an IRS-approved custodian who can assist in opening an account, purchasing precious metals and safely storing them within an approved depository. Self-Directed IRAs Self-Directed IRAs give you more freedom than traditional or Roth IRAs to invest in alternative assets that fit with your passions, knowledge and...
Read More
Many beneficiaries who inherit Roth IRA accounts prefer delaying distribution as long as possible in order to maximize tax-deferred growth of assets and defer income taxes until retirement. However, unless you are the spouse of a deceased individual who inherited their retirement accounts directly, RMD rules must be observed when dispersing an inheritance retirement account. These RMD rules vary based on your relationship to the original account owner as well as other considerations. Reporting the Inheritance on a Form 1099-R...
Read More
If you’re buying gold bullion, you may be wary about its possible confiscation by the government. But fear not! By taking a few simple steps to safeguard your assets you can protect your investments from these threats. Though confiscation remains a threat, any government would likely use it only as an extreme last resort in times of distress and would likely face tremendous legal ramifications for doing so. What is a gold bar? Many investors invest in gold coins and...
Read More
Long-term investors with higher risk tolerances could find investing in Bitcoin or other cryptos useful, as purchasing and selling these alternative assets avoid capital gains taxes as they are treated like personal property. Self-directed IRAs allow you to invest in both traditional IRA assets as well as alternative ones – like cryptocurrency – without incurring fees or taxes from third parties. Get in touch with us now for a complimentary consultation to see if your account qualifies! Taxes Investing in...
Read More
Alternatively, withdrawals from traditional IRAs tend to be taxed. IRAs allow investors to trade stocks just like brokerage accounts; however, there is an age restriction and “five-year clock” before withdrawing investment earnings from an IRA account. No. Roth IRA contributions come from after-tax funds, which is in contrast with traditional retirement accounts which require you to pay taxes upfront. By following all applicable rules, withdrawals from a Roth IRA can potentially be tax-free during retirement. If you invest in stocks...
Read More
Gold can provide investors with diversification benefits; however, like any investment it also carries its own set of drawbacks. Physical gold requires safekeeping in an approved facility, incurring overhead charges; moreover, unlike stocks and funds which offer passive income streams, physical gold doesn’t offer such returns. Gold can also be an effective hedge against inflation. Gold’s price typically increases during periods of increased purchasing power deficit. 1. It’s not a currency Gold may offer investors several benefits, such as its...
Read More
Traditional IRAs allow you to save tax-deferred, with investments growing tax free while withdrawals will only be subject to ordinary income tax rates upon retirement. Many IRA owners may have collected multiple accounts from previous jobs or rolled over 401(k)s, and wonder whether consolidating them could help simplify planning and reduce fees. Taxes Traditional IRA contributions may be tax-deductible depending on your income level, while investments held within it grow tax-deferred until withdrawals. Depending on your future tax rate, this...
Read More
Investing in cryptocurrency involves several considerations that should be kept in mind. When opening a self-directed IRA for cryptocurrency investments, custodial fees are charged per transaction or exchange type and per IRA type. The IRS regards cryptocurrencies as property and taxes them accordingly; however, investors enjoy more freedom and choice with them than with traditional retirement accounts. Taxes Cryptocurrency investments have become an increasingly popular way for investors to diversify their retirement portfolios, but investors must remember it differs significantly...
Read More
Individual Retirement Accounts (IRAs) allow you to save and invest for retirement tax-efficiently, unlike employer-sponsored plans which have minimum deposits required each year. An IRA also makes opening one easier; anyone, no matter how much money they earn each year can open one without being subject to restrictions related to earnings thresholds or contribution caps. Dependent upon your provider, contributions may be made online or by mail; some providers also provide automated advisory systems which help manage your portfolio for...
Read More
Physical gold in an IRA offers an effective way to diversify and secure retirement savings, but it’s crucial that you understand its limitations and tax considerations before making your decision. Assembling your precious metals IRA can be daunting task. Therefore, the ideal approach would be to partner with an established precious metals IRA company that takes care of all the logistics for you – this will save time, energy and hassles in your pursuit. 1. Select a Custodian When investing...
Read More
