Articles Categorized in: Blog

How Much Gold Can You Have?

Gold is an indestructible tangible asset, unlike paper assets which may fluctuate based on complex systems and counterparty risks. Furthermore, it makes an ideal asset to protect during inheritance planning. Gold bars and coins come in troy ounces or kilograms for easy gift-giving to loved ones, while their fractional sizes make them accessible even to novice investors. No Limits on Buying or Selling Physical gold ownership has no legal limitations or storage costs to consider, although purchasing physical gold can...
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Can I Roll My 401k Into a Gold IRA?

Gold IRAs are self-directed retirement accounts that allow investors to invest in physical precious metals. Switching over from a 401(k) can take 60 days; direct trustee-to-trustee transfers allow for tax and penalty-free transfers between accounts. Costs Gold IRA investments can bring substantial advantages to your retirement savings plan. One key advantage is their security against economic uncertainty: gold’s value tends to remain steady during times of inflation or geopolitical unrest, and its low correlation with other assets helps minimize risk...
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Choosing a Self Directed IRA Custodian

Self-directed IRA custodians are financial institutions that specialize in holding alternative assets like real estate, precious metals and promissory notes within retirement accounts. They must meet stringent IRS rules and guidelines. However, they may not always verify all information – financial or otherwise – found in alternative investment account statements. There are about 70 custodians. Self-directed IRA custodians are IRS-approved companies that perform many of the same functions as traditional retirement account custodians, yet allow their owners to invest their...
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How Do I Avoid Capital Gains Tax When Selling Silver?

Precious metals provide investors with an additional source of passive income; however, it’s crucial that they understand the tax ramifications and reporting requirements when selling silver. According to IRS rules, customers must report any sales of precious metal coins or bullion that result in a profit in order for the government to monitor significant commodity exchanges within the US. Cost basis Cost basis is an often-overlooked concept among precious metal investors. It refers to the initial price you paid for...
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Do I Need a Custodian for a Self Directed IRA?

When selecting a self-directed IRA custodian, it’s crucial that they specialize in your preferred asset class and fees comparisons are carried out to ensure maximum returns on investment. Consider finding a custodian who accepts professional valuations from third-party market experts or industry professionals as you search for alternative investments that may be difficult or impossible to value. What is a custodian? Custodians are companies that hold retirement assets on behalf of an individual. When managing self-directed IRAs, custodians should be...
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Why Does the International Monetary Fund Have Gold?

The International Monetary Fund currently owns approximately 2,814 metric tons, or nearly 100 million ounces, of gold in various depositories across the world. Modest IMF gold sales to aid African nations and low-income countries (LICs) would significantly strengthen its role while supporting U.S. national interests – so why can’t this happen? Why do Sovereign Nations Hold Gold? Gold has long been seen as a symbol of stability in an unstable world; its reputation as a safe-haven investment helps ease concerns...
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Can I Hold Cryptocurrency in a Self Directed IRA?

Investing in cryptocurrency involves several considerations that should be kept in mind. When opening a self-directed IRA for cryptocurrency investments, custodial fees are charged per transaction or exchange type and per IRA type. The IRS regards cryptocurrencies as property and taxes them accordingly; however, investors enjoy more freedom and choice with them than with traditional retirement accounts. Taxes Cryptocurrency investments have become an increasingly popular way for investors to diversify their retirement portfolios, but investors must remember it differs significantly...
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How Do I Sell My Inherited Gold?

If you have an inherited collection of precious metal coins, selling may be in your best interests. But there are some key points you must take into consideration before making this decision. First and foremost, it’s important to realize that the IRS taxes inherited gold as capital gains; however, there may be ways you can minimize your tax liability. Getting Appraisals One of the first steps when inheriting gold becomes available to you should be commissioning an appraisal from a...
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Is a Gold IRA Any Good?

Experts advise diversifying your retirement portfolio with other assets when the price of gold dips; that way if it does happen to drop, their values could still increase while that of your gold will drop. Similar to other IRA accounts, gold IRAs require one-time account setup fees and annual costs associated with transactions and assets, in addition to storage fees since precious metals must be stored with a depository. It’s a hedge against inflation Gold IRAs provide investors with an...
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Solo 401(k) With an LLC

Solo 401k plans are among the most popular retirement options for self-employed individuals, enabling you to invest both traditional investments as well as alternative assets such as real estate. Individual 401k legislation permits any business entity, such as sole proprietorships, partnerships, LLCs, or corporations, to become sponsors for individual 401k accounts. To qualify for a Solo 401k, your net adjusted business profit income must not exceed $57,000 – this means all earnings minus expenses and half of self-employment tax paid....
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