Articles Categorized in: Blog

How Do I Transfer My 401k to a Crypto IRA?

Cryptocurrencies such as Bitcoin and Ethereum have quickly become popular investments, with both considered property by the IRS for federal tax purposes and available through Self-Directed Individual Retirement Accounts (SDIRA). Crypto IRAs offer many advantages for retirement investors, but you should also be wary of any associated fees. Taxes Cryptocurrency is an intangible digital asset used for transactions, with no backing from any country or government and highly fluctuating value. Because of this risky asset class’s unpredictable value and insufficient...
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How Do I Know If My IRA is Traditional?

IRAs enable investors to save pre-tax and grow tax-deferred until withdrawing them at retirement – this may be especially helpful for those anticipating lower income tax brackets during retirement. Those unsure whether their IRA qualifies as traditional should contact the institution where it was opened and provide a recent statement for verification purposes. This should provide all the necessary details needed to make an informed decision. Taxes Traditional IRAs have income limits and tax deductions, as well as being the...
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Is Gold a Good Investment IRA?

Gold IRA investments can be risky, expensive and don’t provide investors with any significant tax advantages; additional storage fees and custodian fees must also be paid for physical gold purchases. Before opening their precious metals IRA, investors should conduct comprehensive research from reliable and impartial sources. This should include searching for gold IRA companies with outstanding customer reviews and the necessary credentials. 1. It’s a hedge against inflation Gold has long outperformed inflation, making it an attractive way to protect...
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Can I Transfer My IRA to Bitcoin?

Bitcoin is a risky investment with immense potential; however, its volatility makes it unsuitable as an everyday investment strategy. Therefore, only invest what you can afford to lose. Prior to transferring your IRA to Bitcoin, there are a few key considerations you need to take into account, including fees and regulatory issues. Taxes A Bitcoin IRA provides investors with a way to diversify their retirement portfolio with cryptocurrency investments, providing protection from traditional equity market volatility while offering high potential...
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How Much Gold and Silver Should I Keep at Home?

At home, security should always be the top priority when storing bullion. Although gold doesn’t take up much space, you need a reliable safe to protect it from theft and other potential threats (like tarnishing). Experts advise keeping your bullion stored at different locations to reduce the risk of natural disaster or theft destroying all your wealth at once. How much do you need? Gold and silver offer true asset diversification without depending on other markets such as stocks or...
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How Are Gains on Gold Taxed?

If you invest in physical gold such as American Eagle coins, it’s important to remember that the IRS taxes the profits at short-term capital gains rates which depend on both your income and filing status. Gold mining company shares are eligible for maximum long-term capital gains tax rates when held for over one year, making them an attractive option for investors looking to minimize their tax liability. Cost basis Gold can be an attractive investment that helps diversify a portfolio,...
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Does a Self Directed IRA LLC File a Tax Return?

Self-directed IRA LLCs provide an effective means of investing in alternative assets while limiting transaction fees, although care must be taken not to engage in prohibited transactions. Prohibited transactions include any interactions with disqualified parties such as an IRA account holder or entities controlled by them, as well as investments that violate rules regarding UDAFI and UBIT taxes. Taxes on Unrelated Business Income Self-directed IRA LLCs can be an efficient way of investing in real estate and private businesses, simplifying...
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Are Silver Bars IRA Approved?

Silver is an attractive investment choice for retirees looking to diversify their retirement portfolio. Silver’s performance often shines during periods of geopolitical turmoil or economic unease. Though not all silver coins and bars meet IRS requirements for eligibility in an IRA account, there are plenty of quality offerings that do. Common examples of approved silver bullion products from Asahi Refining, SilverTowne Prospector and Sunshine Minting can be found among others. Purity Silver bars can provide your retirement portfolio with the...
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Who Is the Plan Administrator for an IRA?

Administrators of Individual Retirement Accounts (IRA) serve as fiduciaries who manage its day-to-day operations. Plan administrators typically act as neutral third parties who manage paperwork and filing related to your IRA account. They do not make investment decisions in your behalf but instead serve as neutral intermediaries who assist with paperwork filing requirements and compliance issues. Custodian IRA custodians must meet IRS requirements and regulations, and be subject to regulatory oversight. They can hold title to assets held within an...
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What is the Best ETF For Gold?

Gold has long been considered an asset to protect against inflation and serve as a safe haven during times of political or economic strife. Investors can gain exposure to this precious metal through exchange-traded funds which are more liquid and affordable than physical gold investments. Before selecting an exchange-traded fund (ETF), carefully consider your investment goals, risk tolerance and expense ratios which could potentially have an effect on returns. VanEck Vectors Junior Gold Miners ETF The GDXJ ETF provides exposure...
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