Articles Categorized in: Blog

How Do I Avoid Capital Gains Tax When Selling Silver?

Silver investments may be subject to capital gains tax if they are sold at a profit; however, this tax can be avoided by not selling at profit and investing in tax-advantaged accounts. The IRS considers precious metals collectibles, meaning their profits are taxed at a higher rate than stocks and other investments. Short-term profits have different tax rates than long-term profits. Cost basis Collecting and selling silver coins can be an enjoyable way to generate passive income; however, it’s essential...
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Is a Precious Metal IRA a Good Idea?

With rising inflation and falling Stock and Bond markets, investors are looking for ways to diversify their retirement portfolios. A Precious Metal IRA provides one such solution by allowing your tax-deferred savings account to move directly into physical Gold and Silver bullion bullion instead. IRS rules stipulate that precious metals in an IRA must be stored by a third-party; however, some IRA companies offer an “loophole” to allow customers to self-store their metals themselves. Tax-advantaged retirement savings A precious metal...
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What Assets Can You Buy With a Self Directed IRA?

Self-directed IRAs give retirement investors access to investments not typically found through traditional brokerage firms, enabling them to diversify their portfolios while capitalizing on industry expertise. But be careful: fees associated with self-directed IRA custodians may be high and different companies may accept different investments for management. Real Estate Self-directed IRAs can invest not only in traditional stocks, bonds and mutual funds but also alternative assets like real estate, private equity, precious metals and cryptocurrency – providing more diversification, potential...
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How Does a Gold IRA Work?

Physical gold IRAs allow investors to hold precious metals directly. They abide by all IRS rules and restrictions applicable to traditional IRAs, including contribution limits and RMD requirements after age 72. Gold IRAs require investors to work with a precious-metals dealer, custodian, and depository, all of whom charge fees that could erode returns for investors. Storage Investment in physical gold IRAs is an effective way to protect value and hedge against inflation, but it’s crucial that investors understand both its...
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Is it Better to Rollover to a 401k Or an IRA?

401(k) plans provide workers with many benefits, including tax-free investing. But there can be numerous pitfalls when shifting money between accounts – speak to your financial planner before determining whether a rollover is suitable. Need the help of an investing professional to assist with a 401k rollover? SmartVestor can connect you with one in your area. 401(k)s offer a variety of investment options Dependent upon your circumstances, it could make sense to convert your 401(k) to an Individual Retirement Account...
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Can You Convert a Rollover IRA?

Conversion in terms of IRAs usually refers to a transfer or rollover; while rollovers may be tax free, conversions usually incur tax liabilities. If you have money left over from an old employer’s retirement account, a rollover could save fees while providing more investment options and helping your money to work harder for you. What is a rollover IRA? Rollover IRAs are individual retirement accounts used to house investments that you transfer from an employer-sponsored retirement plan, such as 401(k)....
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Can You Invest in Gold With an IRA?

Are You Planning Your Retirement Portfolio with Gold? When diversifying, one way of investing could be via traditional or Roth gold IRA. These accounts allow investors to put away pretax dollars so distributions upon retirement will be tax-free. You can invest in precious metals by buying shares of exchange-traded funds that track them, although this form of investing does not offer physical ownership benefits. Taxes IRA accounts enable investors to save tax-free while still working, but once you withdraw assets...
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Should I Buy Gold Instead of Stocks?

Gold has long been recognized as an effective hedge against inflation, currency depreciation and other economic uncertainties. It has proven its worth through returns, liquidity and low correlation with stocks and bonds. However, it should only be included in a portfolio when its long-term benefits outweigh any associated risks. Low-Risk Investment Gold investing can be a fantastic way to diversify your portfolio, but it is essential that you assess your risk tolerance before investing too heavily in gold. Tying too...
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Is Physical Gold Better Than Gold Stocks?

Gold stocks, representing shares in a publicly traded gold mining company, may offer investors lower costs, more diversification within their portfolios and even dividends; however, they also expose investors to stock market volatility and company-specific risk. Physical gold investments tend to be costly, due to dealer commissions, sales tax and storage fees – without producing any income stream at all! Physical gold is a store of value Gold has historically been seen as an ideal store of value because its...
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What Precious Metals Are Allowed in an IRA?

An Individual Retirement Account, or IRA, allows you to select various investments for retirement and is designed to comply with IRS regulations. An expert in IRA can help ensure your choices comply. As soon as you’ve made up your mind to purchase gold coins or bullion bars with 24k content and marked by an approved refiner or assayer, the IRS allows these for purchase. They may also allow American Eagle proof coins which offer unique collectable versions of bullion coins....
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