An inherited IRA typically falls under Required Minimum Distributions (RMDs), so beneficiaries should consult with an impartial financial expert in regards to RMDs. Timing is of utmost importance when it comes to nonspouse beneficiaries; an inappropriate distribution could push them into a higher tax bracket and here are several strategies they may want to consider when taking distributions from an inherited IRA. In addition, this article also touches upon issues surrounding Roth conversions from such accounts. Beneficiary Rules Assuming your...
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Gold can provide retirement portfolios with diversification benefits, but there are numerous factors that must be taken into account prior to including it in your retirement plans – price volatility and storage and insurance costs being among them. Understanding these risks is critical in making an informed decision regarding adding gold as a component. Physical gold investments can be managed within a self-directed individual retirement account (IRA), but you must abide by special rules. A less risky option is purchasing...
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If you are planning to convert your 403(b) retirement account to a gold IRA, it is essential that you understand all of the rules and regulations associated with such conversion. Be sure to work with an established gold IRA provider so as to ensure a seamless process. Step one is to move funds from an old IRA custodian into your new one IRA custodian, either indirectly or directly. Getting Started As part of the transition process to roll over your...
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Silver and gold have long been considered reliable investments that hold their value during economic uncertainty, providing diversification for retirement portfolios. To invest in physical silver bullion with your IRA, a self-directed individual retirement account (SDIRA) should be created. A SDIRA gives investors access to an approved list of investments including precious metals. Investing in Precious Metals Silver investments can add diversity and potential returns as prices of the metal increase. While there may be various silver dealers and scam...
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An IRA is an excellent long-term savings tool with tax advantages. Contributions are tax deductible while investments grow tax deferred until age 59 1/2 when penalty-free withdrawals may be taken. Physical precious metals can be added to an IRA provided they fulfill certain IRS guidelines regarding purity and liquidity. Types Physical gold — coins, bars and pure nuggets — is available to investors through numerous outlets. When selecting their desired option(s), investors should carefully consider factors like investment horizon, liquidity...
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