529 plans provide an ideal way of saving for college expenses. Their investment options provide growth potential while funds used towards qualifying college expenses will remain tax-free. At times, beneficiaries of 529 plans won’t use all their allocated funds – for instance if they receive a scholarship, switch schools more cost effectively or become engaged. Rolling Into a Roth IRA Education savings plans allow parents, grandparents and other contributors to save tax-free for a designated beneficiary such as their child...
Read More
Medallion signature guarantees are special stamps that verify a signatory’s identity and authority when transferring an account between parties, making this necessary to avoid delays during the transfer process. With the appropriate documents in hand and knowledge of how it all works, having such guarantees in place can save both time and hassles in its implementation. Medallion services can be found at most banks and credit unions that belong to the Securities Transfer Agents Medallion Program (STAMP). However, some institutions...
Read More
Gold IRA custodians are IRS-approved entities that oversee all technical requirements of your self-directed precious metals IRA and provide you with a list of storage depositories for gold and other investments. An ideal gold IRA custodian should provide clear communication in their fees, services and reporting structures – this guide outlines four features you should look out for. Precious Metals Dealers Gold IRA custodians work with bullion dealers, brokers, financial planners/advisors and investment firms to provide clients with an easy...
Read More
Selecting an IRA custodian and depository requires carefully considering fees, selection of gold coins and bars and adherence to IRS rules. Self-directed Individual Retirement Accounts (SDIRAs) enable investors to select specific precious metals they would like to invest in and are tax-beneficial as traditional IRAs are. IRA-Eligible Coins IRA-eligible coins may include bullion or collectible pieces made of gold, silver, platinum or palladium and must meet stringent purity standards to comply with IRS regulations. Investors typically favor coins over bars...
Read More
Gold may provide investors with a way to safeguard themselves against inflation, currency risks and geopolitical uncertainties; however, investing in it comes with its own set of risks. ETFs offer investors many benefits, such as high liquidity and ease of trading – especially beneficial to those investing with short to medium-term horizons. Furthermore, ETFs have lower entry fees and eliminate the hassle associated with physical gold storage. Costs Gold exchange-traded funds (ETFs), or exchange-traded funds, give investors exposure to gold...
Read More
