An IRA (or 401k) rollover into gold can be an excellent way to diversify your retirement portfolio; however, it’s essential that you understand all the rules pertaining to precious metals IRAs before proceeding. Further, you should choose a trustworthy custodian and depository to store physical gold and precious metals – be wary of any company suggesting at-home storage as this could incur IRS penalties. Taxes Gold IRAs can add significant diversification and protection from inflation to your retirement portfolio, and...
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Gold is an attractive retirement savings investment option, providing practical uses as well as protection from inflation and economic uncertainty. But before making this type of purchase, one should keep several things in mind before investing. Precious metal IRAs come with annual fees and costs similar to other IRAs, and require the same kind of custodianship, as well as being subject to taxes at a similar rate as their counterparts. Costs Add gold to your portfolio for diversification and protection...
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Gold is an unproductive asset that does not contribute to economic development, making it a poor long-term investment choice. Therefore, investors should only add it in small amounts with care. Gold may make headlines when its price surges, but its long-term returns after inflation are quite dismal. It’s a commodity Gold has long been considered a commodity, and no one would dispute its status as such. However, investors should remember that while gold may serve as a diversifier in the...
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Gold has long been seen as an insurance policy against inflation; however, physical gold ownership may actually cause damage. No investor loves real estate investments as much as Warren Buffett does; they’re expensive, don’t generate income or dividends and provide no real protection from geopolitical instability. Even Buffett doesn’t like them! Studies have also demonstrated that long-term returns on inflation-adjusted investments tend to be fairly meager. It’s a Commodity Gold can be used for many decorative and jewelry uses, yet...
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Individual retirement accounts (IRAs) are designed to help individuals save for the future; however, withdrawing money before age 59 1/2 typically incurs a 10% penalty and income taxes on top of any additional withdrawal penalties. There are however exceptions which allow individuals to access funds held in an IRA without incurring penalties or income tax dues. Owners of an Individual Retirement Account (IRA) can withdraw distributions without incurring a penalty in certain instances, including uninsured medical costs and first-time home...
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