Traditional IRAs are retirement accounts that enable taxpayers to save pre-tax dollars. They can be found through most banks, credit unions and online brokers such as Fidelity or Charles Schwab. These accounts…
Category: Blog
Are There Fees For an IRA?
Fees can make or break your retirement savings results, whether it’s through online brokerage accounts, robo-advisors or mutual funds. Make sure you understand all fees before investing. IRAs can be opened with…
How is GLD Taxed in IRA?
Precious metals have long been seen as safe-haven assets during times of political or economic unease, so GLD provides investors with exposure to this asset class without the hassle of owning physical…
Is the 10% Penalty on Early Withdrawal Waiverd For 2022?
Typically, early withdrawal penalties for tax-deferred retirement accounts such as IRAs and 403(b) plans incurring 10% penalties apply when withdrawing distributions before age 59 12, except when an exception applies. Under the…
Should I Hold ETFs in My Roth IRA?
ETF investing offers many advantages, including diversification and low costs. You could generate tax-free income during retirement with just one portfolio of ETFs. Before investing in an exchange traded fund (ETF), it…
Can I Hold Physical Gold in a Roth IRA?
Physical gold does not generate income that is tax-deductible, so to store precious metals within an IRA requires special arrangements between a dealer and custodian that specialize in holding onto these precious…
Can an LLC Own Precious Metals?
Precious metal investments offer many advantages, but the IRS has specific rules that must be abided by to maintain their tax-advantaged status. An LLC provides investors with extra protections while still permitting…
Can 457 Plans Be Rolled Over to an IRA?
A 457 plan is a tax-deferred retirement savings account available to state and local government employees as well as some non-profit organizations. While it offers similar investment options as its 401(k) counterparts,…
Should I Convert My 401k to Gold?
Gold IRAs are individual retirement accounts specialized to hold physical precious metal investments, regulated by the IRS and designed to diversify individuals’ retirement savings with assets less reliant on economic fluctuations. Converting…
Is it Better to Buy Gold Coins Or Gold Bars?
As in-ground gold reserves decline each year, more investors are looking toward physical assets like gold coins and bars for investment purposes. Their tangible nature appeals to some who appreciate having peace…
