Those selling precious metal investments for more than they paid could face tax liabilities as capital gains are considered income by the IRS; however, any losses can help offset your gains. Your…
Category: Blog
Is Gold Allowed in an IRA?
Gold and other precious metals are not permitted in traditional IRA custodian accounts, so in order to invest in physical gold (coins or bullion), you will require a self-directed IRA that permits…
Can You Have Gold in an IRA?
If you’re seeking to diversify your retirement portfolio with gold, look for an organization offering transparent prices, low management fees and educational materials about how physical precious metals have performed during various…
Can I Hold Gold Coins in My IRA?
For the purpose of maintaining tax benefits, gold coins cannot be stored directly in an IRA account; instead, an approved precious metals custodian must store them. Segregated storage keeps your metals apart…
Are Self Directed IRAs Legal?
Self-directed IRAs give investors more investment flexibility than regular retirement accounts; however, there are specific rules and guidelines which must be observed or else could lead to penalties if broken. At any…
How Safe is a Precious Metals IRA?
Precious metals IRAs allow investors to diversify their retirement portfolio with physical precious metals that increase in value when stocks decline and provide protection from inflation, but are generally more costly and…
Are Gold Dealers Regulated?
gold has an extraordinary history and yet its industry lacks global regulation oversight – no wonder so many people end up being taken advantage of by unscrupulous dealers or investment firms. Precious…
How Much Can I Invest in a Gold IRA?
Gold investing can be a non-traditional venture, and prior to opening an account it is wise to consult financial and tax professionals as well as consider fees when shopping for physical gold…
How Do I Convert My IRA to Precious Metals?
If you’re considering the switch from Roth or traditional IRA to precious metals-based IRA, it is vital that you do your homework. Compare fees, minimum opening requirements and educational resources before making…
Taxability of IRA Distributions
Withdrawals from an Individual Retirement Account are typically tax-free; however, that may or may not depend on how much “basis” exists in your account. Form 8606 allows you to record and track…