If your 401(k) allows self-directed investing, transferring your funds directly from it into a Gold IRA could be done easily through direct rollover. Gold IRAs provide diversification, inflation hedging and portfolio protection…
Category: Blog
What to Do With an Inherited IRA
IRAs are among the largest assets inherited by their heirs. How you treat your inheritance will have an enormous effect on its lifespan and on how much taxes are due on its…
A Guide to Traditional IRAs
Traditional IRAs provide tax-deferred growth potential, meaning you won’t pay taxes until it comes time to withdraw the money – usually during retirement. They’re especially advantageous if you anticipate being in a…
Is the 10% Penalty on Early Withdrawal Waiver For 2022?
Typically, the government penalizes savers who withdraw funds from tax-deferred retirement accounts prior to age 59 1/2 with a 10% withdrawal penalty; however, certain exceptions exist. One major advantage is being able…
How is GLD Taxed in IRA?
Investing in precious metals can be an excellent way to diversify your retirement account, but it is crucial that you understand how they are taxed. The Internal Revenue Service has determined that…
Can an LLC Own Precious Metals?
Precious metals provide diversification many investors seek in their retirement accounts, and the IRS allows IRAs to purchase and store them according to certain guidelines. Rhode Island couple made this mistaken decision,…
Should I Hold ETFs in My Roth IRA?
Roth Individual Retirement Accounts (IRAs) allow investors to invest in an array of assets, including exchange-traded funds that offer low costs and diversification. ETFs that specialize in growth stocks are ideal for…
Can 457 Plans Be Rolled Over to an IRA?
Contributions made to a 457 plan can be tax-deferred; when withdrawing it will become subject to income taxes. Non-governmental 457 plans can have two key drawbacks that you should carefully consider: you…
Can an IRA Invest in Gold Coins?
Gold-Backed Individual Retirement Accounts (IRAs) enable individuals to invest in physical gold as part of their retirement savings strategy, but may not offer competitive before-tax returns due to taxes levied at long-term…
Should You Buy Gold Coins Or Gold Bars?
Gold bars are generally seen as more reliable investments. Their purity makes them instantly recognizable and their set unit weight makes selling or trading easier with other investors. Their value fluctuates based…