Self-directed IRAs give investors more investing choices, but also pose greater risks and downsides. Before making such a retirement account move, investors should consult a financial advisor or tax professional first. IRAs…
Category: Blog
Can You Use an IRA to Buy Gold?
Many financial experts advise investing in an Individual Retirement Account (IRA) as a way of saving for retirement. You pay taxes now on contributions made, while withdrawals made tax-free once retired. Even…
Does Utah Have a Gold Depository?
Utah has recently taken steps to create an environment more favorable to responsible money ownership and use, becoming the first state to legalize gold and silver coins as currency. Many investors and…
When Should I Sell My IRA Stock?
Individual Retirement Accounts (IRAs) are long-term savings accounts that offer tax advantages. There are various IRA types, such as traditional and Roth IRAs. Clients reaching age 72, or 70 1/2, must start…
Are Gold Coin Sales Reportable to the IRS?
There have been various misleading online claims suggesting that gold and silver purchases don’t need to be reported to the IRS, however this is simply not accurate. Precious metal dealers are legally…
What is the Best Way to Store Gold and Silver?
How you store gold and silver depends entirely on your personal needs. Some prefer keeping their bullion at home, which can save on storage fees while remaining convenient for their everyday routines….
Does Vanguard Have a Gold IRA?
Vanguard is a well-established investment firm that assists people in managing their retirement funds. Renowned for being client-centric and diversifying into various asset classes. However, they do not currently provide precious metal…
How Much Gold Can I Sell Without Reporting to IRS?
Precious metals must be reported to the IRS whenever sold for profit by dealers or customers, yet some fraudulent coin dealers and customers attempt to sidestep this requirement by making multiple small…
What is the Safest IRA Investment?
If you are seeking a safe IRA investment option, money market accounts and funds may provide excellent returns of between 0.5% to 2% annually. Roth IRAs offer another great retirement savings vehicle….
What is the Difference Between an IRA and a Self-Directed IRA?
Self-directed IRAs are similar to regular IRAs in that they provide more investment flexibility; however, there are additional tax rules you must abide by, failing which could incur extra taxes or financial…