Articles Categorized in: Blog
Gold and silver can serve as effective investments for retirement savings, with many opting to own physical precious metals as opposed to stocks or ETFs that track gold prices. If you are considering an IRA to buy gold, be aware that additional costs will arise in terms of account setup, storage and insurance fees. Costs Attaining gold via an IRA involves finding both a custodian who will accept it and a depository where you can store your asset. An ideal...
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Investing in a 401(k) plan can be complex and confusing, with account fees, fund options, and tax implications all playing into consideration. Managing all these considerations may feel like an immense task! Funds typically can be transferred without penalty into an IRA if you withdraw them before age 55 (with an early withdrawal penalty of 10%), however this doesn’t always work out for everyone. 401(k) Plans 401(k) plans are employer-sponsored retirement accounts that enable employees to save pretax dollars for...
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Gold can be an attractive asset to diversify your retirement portfolio. It provides an attractive hedge against inflation. Before investing in a gold IRA, however, there are a few considerations you must keep in mind before investing. These include fees and taxes as well as difficulty selling gold due to it not being liquid. Taxes Gold has a low correlation to other investments, which makes it ideal for diversifying your retirement portfolio. Before deciding if gold is appropriate for you...
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Precious metals IRAs differ significantly from their individual retirement account counterparts in that they can invest in precious metals exclusively. Investment in physical precious metals requires working with a dedicated custodian who manages both storage and insurance of your assets. Furthermore, the IRS imposes specific regulations regarding what types of metals may be held within an IRA account, with strict purity requirements. Taxes Traditional IRAs, which can only hold stocks and mutual funds, do not permit investing in physical gold....
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Individual retirement accounts (IRAs) allow you to save for your future outside of an employer-provided retirement plan and offer specific tax advantages. Finding the appropriate type of IRA account can be challenging. Contributions should either go towards traditional or Roth accounts depending on what your projected tax bracket in retirement will look like. Traditional IRA Traditional IRAs provide you with an individual retirement account that enables tax-deferred investment growth over time. This type of account can contain almost any investment...
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IRAs allow people to save for retirement tax-advantageously and leverage compound interest; however, fees can have an adverse impact on returns. Good news – IRA management fees may be tax deductible provided they are separately billed and paid with your IRA funds. Let’s take a look at what constitutes a typical management fee. Fees for Investment Advisory Services Investment advisory fees charged for retirement accounts typically take the form of a percentage of assets managed. These costs can include ongoing...
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Many individuals inherit precious metals from loved ones. While these assets can hold great cash value, it must be handled carefully to protect both their legacy and market value. Gold that you inherit is subject to tax, with its cost basis indexing over time and your rate of tax depending on how long it’s held by you. Cost basis After someone passes, their estate often includes precious metals like gold coins, bullion bars and other numismatic products which may be...
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Gold and precious metals have long been considered stores of value, offering diversification benefits and inflation protection; however, these investments also tend to incur higher fees than paper investments. Opening a self-directed IRA with gold requires selecting an authorized precious metals dealer, custodian, and depository that complies with IRS rules while offering a range of IRS-approved metals at competitive fees. IRA Funding Options A gold IRA works much like any traditional IRA, with contribution limits and age-based distributions. However, its...
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Precious metals are an ideal retirement investment choice; however, it’s essential that investors understand the rules regarding IRA ownership and what coins qualify. IRAs generally do not permit the ownership of collectible coins; however, exceptions can be made for bullion coins and rounds made of gold, silver and platinum that meet specific purity requirements. Precious metals Precious metals are an attractive investment option for many seeking to diversify their retirement accounts, but investors must keep certain points in mind before...
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Investment in precious metals can provide your retirement portfolio with diversification and protect it against inflation. When selecting your broker or custodian, ensure they offer competitive pricing with full transparency. Goldco is one of the premier companies that specializes in 401k to gold rollovers, offering educational resources and personalized customer support, along with taking care of all paperwork for you. 401(k) plan A 401(k) plan enables employees to save for retirement through tax-advantaged accounts, whether traditional (tax deferred), Roth (tax...
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