Diversifying your portfolio by investing in various assets can help reduce overall risk while increasing potential return. Roth IRAs provide investors with access to traditional investments like stocks, bonds and mutual funds…
Category: Blog
Are There Two Types of IRA?
Individual Retirement Accounts (IRAs) provide tax-favored investment vehicles for people who earn earned income and can invest in CDs, money market accounts or mutual funds. Traditional IRAs are available to everyone with…
Is Gold a Good Investment to Protect Against Inflation?
Gold may seem like an attractive option as a means of protecting against inflation, but its historical returns are mixed and recent performance as an inflation hedge hasn’t been impressive. Gold can…
When I Sell Gold Do I Report It to the IRS?
Federal regulations mandate that precious metal dealers must report any cash payments exceeding $10,000 as per their legal responsibilities and to help combat illegal activities such as money laundering. Working with a…
Can I Hold a Gold ETF in an IRA?
Gold can be an attractive way to diversify a portfolio with precious metals. But investors need to understand the differences between physical gold IRAs and exchange traded funds before making an investment…
Can I Buy Gold With a 403b?
When investing through your 403b, investing in gold coins and bars requires rolling over funds from an old retirement account into a precious metals IRA. For maximum efficiency it is advised that…
Is an IRA Considered a Mutual Fund?
IRAs offer many investment opportunities for your retirement savings. However, it is crucial to carefully consider fees on an ongoing basis if deciding to roll assets from an employer plan into an…
Capital Gains Tax on Gold
Gold collecting can be an enjoyable pastime and lead to lucrative investments; however, investors should be wary of the IRS’ rules regarding capital gains taxes. The IRS considers physical gold to be…
Is Investing in Gold a Tax Write Off?
Gold coins, physical metal or shares in gold mining corporations held for more than one year are all treated as long-term capital gains (LTCG), but any annual costs may reduce after-tax returns….
When Can You Withdraw Money From Your IRA Without Incurring the 10% Penalty?
Traditional IRA withdrawals are generally taxed as taxable income, though there are exceptions. You may withdraw funds without penalty to cover qualifying educational expenses; additionally, up to $10,000 of withdrawals for first-time…