Silver IRA – A Tremendous Opportunity
Silver IRA is a buzz term that’s rapidly becoming the talk of the town and it’s not difficult to understand why. With the stock market on the last leg of a long bull market run, controversy besieging the new administration, and global allies pulling back the reigns toward more protectionist values, many investors are realizing the potential for difficult times ahead.
Whether the stock market becomes the first casualty, or the dollar, or the banking industry, makes no difference. Whether the flashpoint is a market panic, terrorist attack, or another banking collapse, makes no difference. Silver supplies are vanishing at an alarming rate, demand is doubling and experts are expecting prices to spike.
A myriad of factors are in place to facilitate a sudden and dramatic economic tailspin and silver is one of the few commodities that not only has tremendous potential for appreciation, but also is capable of successfully hedging against losses sustained by most other forms of investment. Due to its tax free nature, one of the most perfect vehicles for financial security and maximization of growth is a Silver IRA.
A Silver IRA also provides the flexibility of holding a variety of IRS-approved silver products, allowing for diversification within the Silver IRA. IRS approval for IRA inclusion requires a minimum fineness of .9999 percent for silver bullion in the form of coins, rounds, or bars. The most popular IRS-approved silver product choices include, but are not limited to:
· 1 oz American Silver Eagle Coins
· 500 oz American Silver Eagle Mint Case
· 1 oz Canadian Silver Maple Leaf Coins
· 1 oz Chinese Silver Panda Coins
· 1 oz Silver Britannia Coins
· 1 oz Austrian silver Philharmonic Coins
· 1 oz Sunshine Mint Silver Bars
· 1 oz Johnson Matthey Silver Bars
· 100 oz Royal Canadian Mint Silver Bars
· 100 oz Johnson Matthey Silver Bars
· 1 oz Sunshine Mint Silver Rounds
A Silver IRA can be funded from the transfer of an existing IRA, or it can be funded by virtue of a rollover from a qualified 401(k), 403(b), 457(b), Roth, Simple, SEP, or other qualified plan, or it can be created from scratch, with up to maximum annual contributions, which are currently $5,500 per year for taxpayers under 50 years of age and $6,500 per year if 50 or over.
Roth contributions are the same, with the possible exception they might be limited based on filing status and income. Taxpayers cannot contribute to a traditional IRA in the year they reach 70½ and older. However, they can still contribute to a Roth IRA and make rollover contributions to a Roth or traditional IRA regardless of age. A great advantage is the fact that distributions or Required Minimum Distributions can be taken in-kind (physical silver product possession) from a Silver IRA.
A Silver IRA, regardless of product composition, consists of the same precious metal that’s been universally accepted in economic transactions for millennium. In spite of the fact that a silver IRA requires greater storage space, than a gold IRA for example, IRA-approved depositories typically don’t charge additional fees. Don’t waste any time, call (888 214 4147) the experienced professionals to transfer your existing IRA, former 401k or other qualified retirement account. Protect your family, future, and legacy while growing it with the proven safety and security of a Silver IRA.