An investment in physical gold IRAs can provide an effective means to diversify your retirement portfolio, but before making any decisions it is essential to understand all associated rules and fees. An IRA-approved metals dealer and custodian who specializes in precious metals should be used when purchasing and holding gold in an IRA account. Be wary of companies charging excessive storage or handling fees. IRA Custodians Gold has almost zero correlation with stocks and bonds, making it an excellent way...
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A gold IRA is an individual retirement account that invests in physical precious metals such as gold, silver, and platinum. To manage it effectively requires both an independent custodian to oversee assets as well as a precious metal dealer to purchase and sell precious metals on behalf of investors. These accounts can help reduce your taxable income and enable tax-free withdrawals in retirement, while diversifying your portfolio. Tax-Free Growth Gold IRAs provide a great way to diversify your portfolio and...
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Self-directed IRA custodians do not provide investment advice or recommend specific investments; rather they act as gatekeepers for funds within an IRA account by making sure investments do not violate IRS rules (i.e. prohibited transactions). A top custodian should provide transparent fees and exceptional customer service, while IRA administrators and facilitators who charge hidden fees should be avoided at all costs; typically these are individuals or small companies pushing IRA owners towards another custodian partner. Taxes IRA accounts that incur...
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Physical gold and silver may help safeguard your savings against inflation. Before making any decisions about precious metals IRAs, however, it’s essential that you understand their associated risks and fees. For eligibility to a Roth IRA contribution, one must possess earned income such as salary, hourly wages, tips, bonuses or self-employment earnings. All forms of earned income qualify. What is a Roth IRA? Roth IRAs provide individuals with retirement accounts that allow after-tax contributions and withdrawals, unlike traditional IRAs that...
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You typically cannot avoid incurring the 10% early withdrawal penalty tax for payments outside your IRA, however there is one exception whereby distributions made in check form can be converted and deposited into an IRA within 60 days without incurring income tax liabilities, provided certain rules are followed. Direct rollovers Direct rollover is an advantageous means of handling retirement account distribution, since it prevents taxes from accruing on funds being moved over to your new IRA custodian. A direct rollover...
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