The 1 oz gold coin is one of the most sought-after bullion coins, offering both affordability and investment value. The South African Krugerrand coin first released into circulation in 1967 is unique…
Category: Blog
What Can I Withdraw From My IRA Without Penalty?
Traditional IRAs allow tax-deferred growth, but withdrawals before age 59 1/2 incur a 10% penalty and should be treated as taxable income. There are exceptions to the penalty. One such exception allows…
How Do I Start a Gold and Silver IRA?
Gold and silver investing with an IRA can be an excellent way to diversify your retirement portfolio and protect against inflation, currency devaluation and economic instability. But where should you start? Here…
Can You Trade ETFs in a Roth IRA?
ETFs offer investors greater intraday trading flexibility compared to mutual funds; however, IRA holders must consider trading fees when selecting assets for their IRA accounts. Roth IRAs allow investments in various kinds…
Are There Fees to Rollover an IRA?
If you switch jobs, transferring your old retirement account into an IRA won’t impact your annual contribution limit; just make sure that the provider offers low or no account fees and provides…
Can I Roll My 401k Into Gold Without Penalties?
Your 401(k) funds can be converted to gold IRA investments tax and penalty free with proper planning and due diligence. Step one should be to locate an experienced gold IRA company with…
Why Put Gold in an IRA?
From a tax perspective, Gold IRAs don’t provide the same dividend and interest earnings that more traditional IRAs do. Furthermore, physical gold is harder to liquidate and generally incurs higher custodian fees…
What Percentage of Retirement Should Be in Gold?
Gold can provide retirement portfolios with protection from inflation and stock market volatility, however experts advise allocating just 5-10% of an IRA towards precious metals. Individuals should make allocation decisions based on…
How Do I Report the Sale of Gold on My Tax Return?
Profits from gold sales generally fall under capital gains tax because the IRS considers gold to be a collectible item. There may be exceptions, for instance precious metal dealers must report cash…
Should I Invest My IRA in Gold?
Investment of precious metals such as gold for an Individual Retirement Account (IRA) must adhere to strict IRS regulations, which include working with a precious-metals dealer, custodian, and depository. As with other…