There are many IRA custodians that provide traditional investment options; however, if you prefer self-directed investing with alternative assets such as real estate, private equity, precious metals or notes/loans then look for one with experience with these asset classes. Self-directed custodians understand all facets of investing, from acquisition to administration and tax reporting, which will allow them to avoid potential pitfalls associated with these investments. The Custodian Custodian is the term given to financial institutions that take physical possession of...
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Gold has long been seen as an asset that offers protection from inflation and financial collapse, drawing interest from both novice and more seasoned investors alike. But many aren’t certain how to purchase gold bullion effectively. There are various aspects of your purchase to keep in mind, whether that be bars or coins. Why do people buy gold? Gold has long been recognized for its ability to preserve its value over time, particularly during times of economic or political unrest...
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Purchase gold coins as an IRA investment can be an effective way to guard against inflation and safeguard wealth during times of economic instability, but selecting the appropriate custodian is paramount for their safekeeping. Gold coins and bars eligible for inclusion in an Individual Retirement Account must meet purity guidelines set by the IRS; South African Krugerrands do not qualify due to their low fineness. Taxes Precious metals can make an excellent addition to an IRA account, but you must...
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Gold IRAs provide tax benefits when investing in precious metals like coins, bars, or bullions. Gold IRAs can provide an effective hedge against inflation and market instability. Unfortunately, however, they also come with drawbacks such as invisibility due to early withdrawal penalties. Self-directed IRA Gold investments can add diversification to your retirement portfolio and act as an insurance against inflation. But before making this investment, several things should be kept in mind before making your decision: For one thing, a...
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529 plans provide an effective means of saving for higher education expenses without incurring tax liabilities, including tuition, books and room and board costs. Income earned within these accounts may even be tax-exempt depending on its intended use such as tuition or books and room and board expenses. Beneficiary changes are permitted; however, withdrawing money for noneducational uses will incur income taxes and a 10% penalty. So what are your options? Can You Roll It Into a Roth IRA? The...
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