Gold-backed IRAs are self-directed retirement accounts that store physical precious metals. You must locate an institution offering this account type. Search for one with lower fees as any charges will eat into your savings and diminish its potential over time. Most gold IRA companies will charge account setup and seller fees, which include markups on coins and bullion approved for your IRA. Buying Gold Advisors typically suggest including gold in an IRA portfolio as part of its diversification plan; however,...
Read More
Financially savvy individuals often set aside funds in an emergency fund for unanticipated expenses. Government pension funds also have a fiduciary duty to safeguard investments against risks that they can foresee. Unfortunately, most government pension funds are heavily invested in paper assets. Gold provides an ideal non-correlated asset that can diversify portfolios and help protect against erosion of purchasing power. Why Store Your Gold at a Depository? When it comes to physical gold coins and bars, safe storage is of...
Read More
Just like their corporate counterparts, 457 plans offer participants defined contribution accounts that allow them to save pre-tax dollars in pre-tax accounts. But while they share many similarities with these plans, there are also significant distinctions. Like other tax-deferred investments vehicles, 457 plans impose specific rules surrounding transfers and rollovers. This article will address these rules so you can smoothly move between plans. Taxes Money contributed to your 457b account is typically not taken directly out of your paycheck; rather,...
Read More
The IRS imposes stringent restrictions on what can and cannot be invested in with your retirement accounts, including wine cellars, collectibles and life insurance plans as well as tangible alternative assets that do not meet certain purity standards like precious metals. If you leave or retire, self-directed IRAs provide more investment options and flexibility than traditional investments. What is a rollover? Rollover is the process of moving money from one form of retirement account to another, usually when changing jobs...
Read More
Custody/management fees charged against an IRA typically aren’t tax deductible; you can only claim them as deductions if the expense was paid with personal funds rather than retirement account dollars. Roth IRA companies make money through fees that include both an annual flat monthly charge and advisory fees (also referred to as loads). Recently, these fees have come under scrutiny due to new providers offering more cost-cutting solutions. Fees for custodial services When comparing IRA custodial fees, be sure to...
Read More
