Articles Categorized in: Blog

Can I Hold Gold in My IRA?

Investment accounts (IRAs) that hold precious metals typically require the services of a third-party custodian and charge storage fees, although other approved precious metals such as silver and platinum coins may also be held within them. Such accounts offer investors tangible control over their wealth. Investors looking for exposure to precious metals in their retirement accounts have several options for doing so. Mining stocks or gold ETFs could provide exposure, or investors could purchase IRA-compliant bullion and coins directly from...
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How Much Gold Can You Buy Without Reporting It to the IRS?

Yes, the IRS does require gold dealers selling over a certain amount to report proceeds as per federal regulations and avoid financial penalties. Most investors seeking precious metals investments prefer buying bullion without their transactions being reported to the government; however, this can only be accomplished if their dealer accepts large cash payments as payments for purchases. Cost basis Gold can be purchased as an investment vehicle without incurring unnecessary IRS taxes when sold, provided any profit was realized when...
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Can an IRA Go Into an LLC?

The IRS has stringent rules regarding who an IRA can transact with, so its owner should be mindful of these restrictions and avoid prohibited transactions. An IRA may invest in an LLC as long as its ownership does not involve disqualified parties such as its holder and any disqualified individuals. Use of an IRA LLC for real estate purchases is one strategy used by many investors, as this enables them to maintain checkbook control of their IRA funds. Furthermore, an...
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What is the Safest Investment for an IRA?

There are no 100% risk-free investments, but the ideal assets to place into an IRA include bank savings accounts, CDs, Treasury securities and money market accounts – FDIC-insured investments with low risk that typically provide modest interest returns. An individual retirement account (IRA) allows investors to invest in alternative assets like collectible art or real estate crowdfunding. Before making your decision, be sure to conduct extensive research. Stocks Stocks, or fractional ownership pieces in publicly traded companies, provide investors with...
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How to Not Get Scammed on Gold

Gold can provide a reliable way to secure your financial future, but you must remain wary of potential scams when purchasing it. Scams involving retirement accounts or unrealistic promises should always be avoided, and high-pressure salespeople should always be avoided – genuine gold dealers will take time to explain everything thoroughly and take their time answering your questions about the details. Avoid High-Pressure Sales Pressured or disinterested dealers that impose too many sales fast are red flags; if you feel...
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