Articles Categorized in: Blog
Importantly, it’s essential that you don’t “self-deal” with your IRA – meaning no investments or loans to disqualified persons (up and down your family tree), or entities you own more than 50% in. Real estate investing requires that the title to the property be held within an IRA account and all income and expenses passed through this channel. Taxes Individual Retirement Accounts (IRAs) are tax-advantaged accounts created and sanctioned by the Internal Revenue Service to encourage Americans to save for...
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Silver is a highly sought-after precious metals investment and provides an effective hedge against inflation, but many investors are uncertain where their Silver IRA should be stored. Keep these key considerations in mind when investing in silver through an IRA: buying physical silver bullion using pre-tax dollars allows you to secure it safely while also purchasing it tax-free. Storage Silver IRAs enable investors to invest in physical silver bullion, and store it with an independent custodian. However, to comply with...
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Gold is considered a highly liquid asset, meaning that it can quickly and easily be converted to cash – making it an ideal investment during periods of economic distress or upheavals. However, it is best to avoid selling gold to pawn shops or “cash for gold” businesses as these typically offer lower prices for your metals and often fail to recognize the true worth of your coins and bars. How to Sell Your Gold Selling gold jewelry, coins or bullion...
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Index-linked annuities provide growth potential while protecting against losses, while at the same time providing some protection. Unfortunately, many of these products limit returns with performance caps or participation rates and spread/margin fees that reduce returns significantly. Before choosing an equity-indexed annuity as your retirement investment vehicle, it’s essential that you understand how they work as well as their main advantages and disadvantages. In this article we’ll address this topic along with guaranteed returns, fees and how returns are calculated....
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Self-directed IRAs allow investors to invest in assets not normally found in traditional brokerage accounts, such as real estate, precious metals and private companies. However, it’s essential that you adhere to IRS regulations regarding these investments if you wish to invest in them legally and avoid penalties such as taxes or early withdrawal. Failing to do so could incur significant taxes or early withdrawal charges that will need to be paid upon withdrawal from an account. Tax-Free Growth Self-directed IRAs...
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Add silver to an individual retirement account (IRA) to diversify your investment portfolio. However, before opening or rolling over an existing IRA account, make sure you find a reliable precious metals dealer. Find a company with reasonable costs and an easy purchasing process, along with good reputation and transparency. Tax-Free Silver provides investors with a safe haven asset and store of value that offers a unique way to diversify retirement savings. As it has been valued for millennia, investors can...
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One misconception regarding Solo 401k plans is that only sole proprietors can open them. This assumption is incorrect as business owners from any structure (such as partnerships or LLCs ) are eligible to open one as long as no full-time employees other than their spouse are on staff full time. Disregarded entities include single-member LLCs that report income on Schedule C of their owners’ tax returns; contributions can only be made up to an arbitrary maximum threshold amount. What is...
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An efficient gold IRA provider helps guide you through the paperwork, remains available post purchase and provides transparent prices. Furthermore, they often provide educational materials on how precious metals have evolved through history in various economic conditions. Gold IRAs, like any investment, come with both advantages and disadvantages; this article will detail these to help you decide if one suits your circumstances. It’s a safe haven There are both advantages and disadvantages of investing in a gold IRA, so it’s...
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Gold IRAs are self-directed individual retirement accounts (SDIRAs) that allow investors to invest in physical gold in the form of coins, bars or bullions. An individual must work with a precious-metals dealer, custodian and depository in order to open a Gold IRA. Each of these entities may charge fees. What is an IRA? Gold-backed IRAs enable investors to diversify their retirement portfolios with physical precious metals, by purchasing bullion, coins or bars through an approved dealer and having it stored...
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Selling precious metals for more than you paid creates a taxable capital gain and should be reported each year on your tax return. Typically, gold investments are taxed at 28% by the IRS; you can reduce your taxes by reinvested your profits into similar investment vehicles. Types of Transactions Individuals selling rare coins and precious metals anonymously do so for many reasons, most notably to protect against identity theft, while dealers may fear money laundering risks. To circumvent such issues,...
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