Articles Categorized in: Blog

Can I Buy Gold in an IRA?

Gold IRAs are self-directed Individual Retirement Accounts that enable investors to invest in precious metals. When setting up one, it is best to work with a company specializing in gold IRAs that will handle the paperwork for you and ensure it complies with IRS regulations. Be mindful that holding physical gold or silver in an IRA requires fees for storage, insurance and management that could quickly add up over time. What is a Gold IRA? Physical precious metal investments can...
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What Assets Can You Buy With a Self-Directed IRA?

Life offers plenty of choices – from dessert flavors to investment opportunities – but knowing exactly what you’re getting into when opening a self-directed IRA (SDIRA). SDIRAs allow investors to invest in nontraditional assets like real estate, precious metals, startup equity and tax liens without incurring penalties from the IRS. There are rules you must abide by or risk incurring additional fines from them. Real estate Real estate investments provide diversification for retirement portfolios that may otherwise rely on stocks...
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Is There a Gold IRA?

Gold IRAs are self-directed individual retirement accounts (IRAs) that enable investors to hold physical gold, silver and platinum as an asset class investment vehicle – providing an easy way to diversify retirement portfolio. Before investing in gold IRAs, however, it’s important to understand all associated fees. You should expect an initial setup fee as well as custodial and storage charges. Tax-advantaged investing Gold IRAs allow investors to diversify their retirement portfolios with physical precious metals. Similar to traditional IRAs, these...
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Is Gold a Terrible Investment?

Gold has long been seen as an investment to protect against inflation and market instability, though some even consume it directly as food. Although that may seem appealing, experts advise against doing this themselves. But what has gold done as an investment? According to data analysis, gold has underperformed stocks over nearly every timeframe imaginable – here’s why. 1. It’s Not a Currency Gold has long held humans enthrall. It’s one of the rarest, most eye-catching elements on the planet;...
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What Can I Transfer My 401k To Without Losing Money?

As part of your job transition, when leaving an employer it may be necessary to transfer your 401(k) funds. There are various methods available – cashing them out or rolling them over into another retirement account are both options available to you. Direct rollover is the safest and simplest method for moving a 401(k). To do so successfully, coordination must take place between your plan administrator and IRA custodian. IRA Transferring money from an IRA to a 401(k) does not...
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Do Gold Sellers Report to IRS?

Gold coins can be an exciting and profitable venture to sell; however, it’s essential that both dealers and customers understand the tax implications. Failing to do so could result in fines, penalties or even criminal charges being levied against both. Under certain conditions, gold and silver coin dealers must file Form 1099-B with the IRS when selling 1-oz Gold Maple Leaf Coins, 1-oz Kruggerand Coins, or 1 oz Mexican Onza Coins in quantities of 25 or more. How Do Dealers...
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Is Gold a Better Investment Than the S&P 500?

Gold has long been considered an excellent long-term investment and safe haven during turbulent markets, but in times of economic unpredictability many investors turn to it for respite. Proponents may tout gold’s long-term potential while others see it as an inflation hedge or safe haven. But is gold better than the S&P 500? In this article we’ll examine both assets to understand their unique relationship. 1. It’s a store of value Gold can serve as an invaluable store of value...
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Are Self Directed IRAs a Good Idea?

Self-directed Individual Retirement Accounts (SDIRAs) allow investors to invest in alternative assets, such as precious metals, real estate or startups. You can select a custodian who specializes exclusively in this form of investing or choose one with more general expertise. SDIRAs allow you to diversify your portfolio and capitalize on your industry expertise, yet have stringent rules and guidelines you must abide by. They offer more investment options and flexibility Self-directed IRA accounts offer more investment options than regular IRAs...
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Are Self-Directed IRAs Going Away?

Self-directed IRAs give investors more control of their investments, including alternative assets. But these accounts tend to be more complex and may charge higher fees that reduce earnings. Independent verification of account statements should always be considered essential, including prices and asset values provided in account statements. Also reach out to your elected officials and protest the proposed changes to IRAs proposed in the $3.5 trillion reconciliation bill. What is a Self-Directed IRA? Self-directed IRAs (SDIRAs) give investors access to...
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How Do I Invest My IRA in Gold?

Gold IRAs, also known as precious metals IRAs, allow investors to invest in physical gold, silver and other precious metals through an IRA-approved custodian who charges fees for his/her services. Purchase precious metals directly through an IRA-approved dealer; however, this often entails higher costs due to storage and insurance fees. Buying Gold Gold and silver investments offer an effective diversification strategy in your retirement portfolio, with these precious metals tending to increase in value when other paper investments lose their...
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