An IRA Trust can be an excellent estate planning tool in many situations. For instance, it can serve to protect minor beneficiaries against spendthrift tendencies, or offer more robust asset and creditor protection for beneficiaries who may have marital or financial challenges. Assuming Amy were the sole beneficiary of your custodial IRA, she would need to withdraw all the funds within 10 years after your death; with a trust approach she could distribute them more equitably over her lifetime. IRA...
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Gold and other precious metals are widely seen as safe-haven assets that offer protection from inflation, but is investing in precious metals IRAs the best solution? Precious metal IRAs require investors to deal with three entities, including a precious-metal dealer, custodian, and depository, all with unique costs attached. Investing in Gold Gold has long captured our fascination, as its value stands up under economic uncertainty. Gold can serve as an effective diversifier and hedge against inflation; however, investors should be...
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When investing in gold, it is essential to first identify your retirement goals as well as risk tolerance and how many years are left until retirement. Physical precious metals must be purchased through a custodian that specializes in this investment strategy, then stored at an IRS-approved depository. It’s a hedge against economic uncertainty Gold IRAs can provide a great way to protect retirement savings from market volatility and inflation. But keep in mind that gold prices may decline dramatically when...
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Gold ETFs resemble mutual funds in that investors purchase shares. When selling them, capital gains taxes must be paid upon selling shares. Gold ownership can be more complex, as it requires storage and insurance coverage. That is why investing in a Gold ETF within your IRA may be a wiser option. Taxes Gold has long captured investors’ imagination as an inflation hedge and diversifier of investment portfolios. But adding an ETF such as gold to your retirement account may come...
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IRAs offer many investment options that can help you save for retirement, yet some investors seek diversification with gold or other precious metals due to economic volatility. To avoid taxes and early withdrawal penalties, you can move funds from an existing traditional, Roth, or SEP IRA into a gold IRA with ease. A Precious Metals Specialist will handle the paperwork and logistics on your behalf. What is an IRA? An Individual Retirement Account, or IRA, allows investors to invest in...
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