Articles Categorized in: Blog
If you leave an employer-sponsored retirement plan, typically any distribution can be moved directly into an IRA without incurring penalties or taxes. This process is known as direct rollover. Cashing out and moving funds directly to a bank account may incur income taxes as well as an early withdrawal penalty of 10%, unless an exception applies. 401(k) plans are tax-deferred 401(k) plans provide employees the ability to invest a portion of their paycheck before taxes are deducted, allowing it to...
Read More
IRS regulations allow investors to hold precious metals within Individual Retirement Accounts (IRA). Silver coins and bars approved for inclusion within an IRA have become popular investments that meet IRS guidelines. As in order to qualify as an IRA-eligible silver bullion product, these items must meet stringent purity and fineness criteria. Some popular examples are American Silver Eagle coins as well as bars from trusted bullion mints such as Johnson Matthey. Diversification As with any investment strategy, diversification is key...
Read More
An individual retirement account (IRA) can be an efficient, tax-efficient way to save for retirement, depending on your financial goals, timeline to retirement and risk tolerance. When selecting an IRA plan that best fits you and your retirement needs. Traditional IRAs function like personalized pensions while Roth IRAs may provide significant tax breaks upon reaching retirement. When making decisions for yourself and/or planning for income tax rates to increase in retirement, both types may prove effective options. Traditional IRA A...
Read More
Add gold to an individual retirement account (IRA) requires finding a custodian with expertise in precious metals as well as an approved dealer who sells IRA-eligible gold, and who can help facilitate storage fees. Establishing a gold IRA follows similar procedures to setting up an ordinary IRA; however, additional costs such as storage and insurance fees will apply. Investing in Gold Gold has long been considered an inflation hedge and may even serve to diversify a portfolio, however investors must...
Read More
Gold has long been considered an alternative asset class that provides a haven during economic hardship and serves as an effective hedge against inflation. Before considering adding gold to your retirement portfolio, however, there are a few essential considerations you should keep in mind. Start by opening up a self-directed IRA with an approved custodian, then purchasing IRS-approved precious metals from a reliable provider. Costs There are various costs associated with owning physical precious metals in an IRA, including one-time...
Read More
Rather, direct transfers between retirement plans do not need to be reported as income by the IRS; however, direct rollovers must take place within 60 days otherwise taxes and penalties could apply. Many individuals opt to move their retirement assets away from employer plans for various reasons, one being to avoid additional fees charged by some 401(k) plans. What is a Partial Rollover? When someone changes jobs, they may decide to transfer some or all of their old retirement account...
Read More
Precious metals offer diversification benefits for investors, yet come with higher fees. Before opening an IRA for precious metals investments, investors must first understand these fees. Investors need to locate a custodian that accepts physical gold IRAs and works with approved dealers for precious metals. Each custodian will charge fees for account setup, maintenance, storage and insurance policies. Taxes Physical gold in an IRA will not be subject to capital gains tax when you withdraw it, deferring its appreciation until...
Read More
SPDR Gold Shares (GLD) are one of the most sought-after investments for gold investment, trading on New York Stock Exchange Arca and other major exchanges worldwide. GLD provides physical protection with trading occurring both domestically and abroad. GLD appeals to investors for various reasons, including hedging against inflation or betting on alternative monetary assets and diversifying portfolios. But investors must be wary of potential risks related to GLD investments. What is GLD? GLD is one of the world’s most beloved...
Read More
Gold bars are an attractive investment choice for many investors, providing a sense of security not available from traditional investments like savings accounts or shares. Before purchasing gold bars, however, several considerations must be kept in mind. This article will address how to prove ownership of them as well as some effective means of doing so. Buying Gold If you own physical gold bars, be sure to store them safely. This could mean keeping them at home in a home...
Read More
When purchasing physical gold and precious metals through an IRA, fees will apply that cover storage, insurance and markup for these physical assets. As part of your retirement strategy, it is necessary to select an IRA custodian and IRS-approved depository. Custodians typically charge fees to open and keep active new IRA accounts. What is a Roth IRA? Investing in gold with your retirement account is easy when using either a traditional or Roth Gold IRA. Both types allow for pre-tax...
Read More
