Articles Categorized in: Blog
Based on your circumstances, there are multiple options available to you when inheriting a Roth IRA. Your choices will have an effect on both tax liability and work requirements; some options require more effort than others. As opposed to traditional IRAs, Roth IRAs don’t require you to take distributions over 10 years; however, you must exhaust its funds by Dec 31 of the year following account owner death. Requirements When inheriting a Roth IRA as an unmarried beneficiary, its rules...
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Direct trustee-to-trustee rollover is often the fastest and simplest way to move an IRA, though it could take weeks. If a delay does arise, contact both of your IRA providers immediately so you can find out what’s preventing a transfer and investigate possible reasons behind any setbacks. With indirect rollovers, your current plan sponsor closes your IRA and sends you a check, which must then be deposited within 60 days into another provider to avoid taxes and penalties. Direct rollover...
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Gold has long been recognized for its investments, providing a diversifying element in your retirement portfolio. There are various means of investing in gold for retirement purposes – physical bullion or exchange-traded funds tracking precious metals could all play an integral part. Self-directed IRAs offer the ideal vehicle to invest in gold for retirement, following all of the same rules but allowing you to invest in physical bullion as well. It’s a hedge against inflation Gold can provide an effective...
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Long-term investing can bring the greatest returns from your Roth IRA, so working with a professional advisor to open and fund it may be worth the commissions paid up front. Congress designed Roth IRAs as an easy way for hardworking Americans to save for retirement without paying tax, yet ProPublica’s investigation reveals that wealthy individuals are using these accounts to avoid tax. Tax-Free Savings Roth IRAs offer many distinct advantages, the primary one being being able to save and invest...
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Gold has long been recognized as an investment with excellent returns in times of uncertainty. Furthermore, it can serve as an invaluable diversifier to any retirement portfolio. However, like any IRA-eligible investment, physical precious metals in an IRA come with their own set of risks and expenses that should be carefully considered before proceeding with investment. Here is what you should know before purchasing precious metals IRA investments. Tax-free growth Gold IRAs can be an attractive investment option due to...
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Gold buyers are frequently worried about government seizure of private bullion holdings. Although this has yet to happen, governments have in the past confiscated gold – most notably during the Great Depression under Roosevelt with his Executive Order 6102. People sometimes mistakenly believe that certain kinds of gold cannot be confiscated due to a 1933 Executive Order that exempted “gold coins with special value to collectors of rare and unusual coins”. Unfortunately, this misconception could lead to you paying unnecessarily...
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Roth IRAs allow investors to put any earned income, including stock shares, into an investment vehicle without incurring taxes on it – this includes income such as rental properties or securities income, non-taxable alimony or child support payments and so forth. However, unearned income cannot be invested, such as passive rental property income or securities earnings that do not accrue tax savings. As a general guideline, it is wise to skew your IRA portfolio towards stocks based on how many...
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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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Transferring is similar to rolling over, except funds do not travel directly from one institution to another and do not change your account type or holder status. These types of transactions do not incur tax liabilities as long as there are no changes made within 60 days after transfer. Transferring an IRA between employers is common when people change jobs, and can also help investors expand their investment options. No Traditional IRAs provide tax-deferred investment growth. However, when taking distributions...
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Gold American Eagle coins are an increasingly popular investment choice among precious metals investors, due to their legal tender status and potential tax benefits. Making them a welcome addition to any portfolio. Money Metals Exchange provides an impressive range of American Eagle bullion coins in sizes of one ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce for purchase at face value – but with an incredible bullion value far exceeding this amount. Capital Gains Tax As is true of any...
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