Posts On IRA

October 18, 2023 |

Are Gold IRAs Safe? Everything You Need to Know

lower prices; gold bars

Investing involves risk, whether in a new product, real estate, stocks, bonds, or even retirement funds. What makes investing less risky, traditionally, is diversifying a portfolio. Instead of putting their eggs in one basket, many insightful investors might allocate their assets across a spectrum to protect against various economic factors.   One of those investment vehicles? Gold.  IRA gold investment is an increasingly popular avenue, especially for those who are close to retirement. One common question, however, is whether Gold IRAs are safe options for retirement... Continue Reading

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October 18, 2023 |

How Does a Gold IRA Work?

How often do you think about your retirement savings and investments? Do you feel like you’ve adequately diversified your portfolio? Have you considered gold as a potential vehicle for your future financial security?   If you’ve stopped to think about these questions, there’s a good chance you’ve considered investing in gold or other precious metals. But you may not know the details on how to invest in gold as part of your retirement account (IRA).  Traditionally, an IRA is a plan that holds paper investments like... Continue Reading

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October 18, 2023 |

Investing in a Gold IRA: The Pros and Cons

There are pros and cons to every investment. Nothing is a sure thing, and you must consider many factors when deciding where to invest your money.  The Gold IRA is no exception.  Our goal is to educate you on how to invest in a Gold IRA and help you decide if investing in a Gold IRA is right for you. What is a Gold IRA?  A Gold IRA is an individual retirement account allowing you to own physical gold and certain other precious metals as... Continue Reading

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September 13, 2023 |

How to Move Your 401(k) to Gold Without Penalty

Gold has been a highly valued, highly sought-after asset since the days of ancient civilizations. Today is no different. With inflation soaring, and purchasing power decreasing, many investors might wonder how to move a 401(k) into gold without penalty. Read along and learn: The different types of 401(k) How to convert 401(k) into gold How a gold IRA works The benefits of a Gold IRA Hopefully, you will see how easy it is to start protecting your investments with a Gold IRA. What Is a... Continue Reading

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September 11, 2023 |

Traditional Gold IRA vs. Roth IRA: What’s the Difference?

weaker dollar, gold strength

There’s an old saying, “You reap what you sow.” It means the crops you harvest in the future come from the seeds you plant today.  Gold IRA investing is similar.  Traditional and Roth IRAs both provide, but the harvests will be a bit different.  We will take a closer look at Gold vs. Roth IRAs and familiarize you with their similarities and differences What Traditional Gold IRAs Have in Common With Roth IRAs  Considering a Gold IRA vs. Roth IRA is like choosing between two... Continue Reading

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August 31, 2023 |

What Are The Approved Precious Metals?

Gold and Silver Proofs 2

IRA-approved precious metals are specific gold, silver, platinum and palladium—bullion bars and coins—that meet stringent standards set by the IRS. Therefore, you can hold them in an individual retirement account.  Understanding what are the four precious metals eligible for an IRA may help you decide which metals are right for you.  To help ensure the long-term health of your individual retirement account, the IRS puts strict guidelines on the purity, condition, and origin of allowable precious metals. Eligible coins must:  Originate from government mints Be... Continue Reading

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August 29, 2023 |

How Are Precious Metals Similar to Gems?

Gold Egg

Harvested from deep inside the earth, both precious metals and gems have existed in tandem for as long as we’ve been able to extract them.  So, how are precious metals similar to gems? These elemental cousins share many properties that have made them valuable throughout history.  Mother Nature’s gifts have not only adorned the necks and wrists of royalty, both have been used to help innovate technology and advance mankind.  In our modern world, we still look to gems and precious metals for their beauty,... Continue Reading

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August 27, 2023 |

How to Find the Best Precious Metals IRA for You

the big picture

Once you’ve decided a precious metals IRA is right for you, the next step is to decide which precious metals make the most sense in your account.  This educational guide will help you: Assess your goals and risk  Evaluate eligible precious metals options Find a custodian A little understanding can go a long way. We are happy to help you on your journey toward achieving your goals.    Assessing Your Investment Goals and Risk Tolerance  The first step toward successful investing is to understand your... Continue Reading

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August 25, 2023 |

What Is a Self-Directed Precious Metals IRA?

Gold umbrella

A self-directed precious metals IRA is an individual retirement account that allows for ownership of physical assets—including gold, silver, platinum, and palladium.  Commonly referred to as a Gold IRA or Silver IRA, the precious metals IRA is a favorite among investors seeking an alternative to paper-based investment vehicles.    Understanding Self-Directed Precious Metals IRAs  The self-directed precious metals IRA is a lot like the IRA you may already own.  A self-directed plan differs from a typical plan in that it allows for ownership of physical... Continue Reading

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August 23, 2023 |

Gold IRA Tax Rules: Everything You Need to Know

investment in gold

Gold IRA tax rules and regulations are the same that govern the IRA you may already own or are familiar with.   Understanding Gold IRA tax rules for 2023 and beyond is essential. You must conduct transactions that fit within the parameters to avoid costly penalties and expensive tax consequences.   We will educate you on the different types of IRAs, how to contribute to your IRA, how to withdraw from your IRA, and how withdrawals are taxed.  Are Gold IRAs Taxable?  Gold IRAs are taxable. The... Continue Reading

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