Beneficiaries of an Individual Retirement Account (IRA) face many decisions with tax implications, which should be carefully considered before making their selections. A financial advisor can be invaluable in helping to sort through these options. Before taking any other action, be certain that all required minimum distributions have been made from your deceased owner’s estate. Otherwise, there could be steep penalties in year 10! You can reduce tax liabilities by making withdrawals over your expected lifetime span. Roll it Over...
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Gold IRAs are individual retirement accounts that enable investors to hold physical precious metals like gold as part of their investment portfolio and offer similar tax advantages as traditional IRAs. Gold investments are an increasingly popular way to diversify retirement portfolios and have proven their growth potential and ability to guard against inflation. But before making any decisions about opening and maintaining a gold IRA, it is crucial that investors fully comprehend all associated fees. Self-Directed IRAs Individual Retirement Accounts...
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Individual Retirement Accounts (IRAs) allow workers to invest pre-tax dollars into various assets without incurring taxes at tax time. Investors can open an IRA at banks, brokerage firms, credit unions, robo-advisors or through other services. When investing in precious metals, some investors want the security of holding onto their coins and bars themselves; however, keeping IRA-eligible coins or bars at home may qualify as distribution and trigger stiff penalties. Security Gold in an IRA can be an attractive investment option,...
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Most 401(k) plans don’t permit the purchase of physical gold, but investors can still invest in gold through other means such as gold-leveraged exchange-traded funds or stocks from companies specializing in mining. Purchase of physical gold via a precious metals IRA provides tax advantages and protects retirement savings against market volatility and inflation. When making this important financial decision, it is vital to explore all available investment options as well as partner with an established gold IRA company such as...
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To open a Self-Directed IRA, you can make either an initial contribution or transfer funds from an existing retirement account – such as traditional or Roth IRAs – or make one-time contributions or transfers directly from employer plans such as 401(k). As with any investment, online investment involves additional responsibilities – you are accountable for discovering and vetting investment opportunities as well as avoiding prohibited transactions. Custodians Custodians of self-directed IRAs must ensure all investments comply with IRS rules. Furthermore,...
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