Articles Categorized in: Blog

Can I Be My Own IRA Custodian?

Custodians or retirement account administrators are necessary for all IRA accounts, including self-directed ones. But not all custodians offer equal services when handling alternative investments such as real estate and private mortgage notes. Discover a custodian who specializes in self-directed IRAs and understands IRS regulations regarding investments like collectibles or precious metals that are prohibited, thus helping avoid costly errors that could incur penalties or taxes. What is an IRA? Custodians for Individual Retirement Accounts are banks, financial institutions and...
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Which is the Best Gold ETF?

Gold provides investors with a safe haven during times of economic instability. But owning physical gold can be burdensome; exchange-traded funds have become the preferred way to gain exposure to this precious metal. Always bear in mind that trading ETFs comes with risk and these investments could lose value, so always do your research before initiating trades. 1. VanEck Vectors Gold Miners ETF (GDX) The GDX ETF provides exposure to gold mining companies by tracking the performance of the NYSE...
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What is the Best Gold IRA Company?

The best gold IRA companies provide straightforward setup procedures, expert support and an array of investment options at highly secure facilities with competitive rates. They often emphasize the tangible nature of gold investments as an asset in their marketing campaigns, since precious metals are tangible investments unlike stocks and bonds. Advantage Gold Investing in precious metals can be an attractive and secure way to diversify your retirement portfolio, provided that the company offers transparent fees and exceptional customer support. In...
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How Much Tax Do I Pay on an Individual Retirement Account Withdrawal?

Traditional IRA withdrawals are generally subject to taxes; however, the IRS allows exceptions in specific instances, such as disability, purchasing a home, or incurring high medical bills. For those wishing to avoid taxes when withdrawing their IRA funds, one method that has been approved by the IRS for withdrawals includes amortization, annuitization and required minimum distribution methods. Tax-free basis Taxing an Individual Retirement Account (IRA) withdrawal depends on its type and your age. In general, you’ll pay taxes on contributions...
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How to Buy Gold in a Roth IRA

Investing physical gold in your Roth IRA requires working with an expert precious metals IRA provider who can save both time and money. Be sure to choose one who is licensed and insured before investing. Please be aware that when taking distributions in retirement from non-tax deferred accounts such as gold investments, their value will become taxable. Self-directed IRAs Gold can provide an effective means of diversifying a retirement portfolio. Due to its low correlation with other investments, gold offers...
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