Typically, early withdrawal penalties for tax-deferred retirement accounts such as IRAs and 403(b) plans incurring 10% penalties apply when withdrawing distributions before age 59 12, except when an exception applies. Under the…
Category: Blog
Should I Hold ETFs in My Roth IRA?
ETF investing offers many advantages, including diversification and low costs. You could generate tax-free income during retirement with just one portfolio of ETFs. Before investing in an exchange traded fund (ETF), it…
Can I Hold Physical Gold in a Roth IRA?
Physical gold does not generate income that is tax-deductible, so to store precious metals within an IRA requires special arrangements between a dealer and custodian that specialize in holding onto these precious…
Can an LLC Own Precious Metals?
Precious metal investments offer many advantages, but the IRS has specific rules that must be abided by to maintain their tax-advantaged status. An LLC provides investors with extra protections while still permitting…
Can 457 Plans Be Rolled Over to an IRA?
A 457 plan is a tax-deferred retirement savings account available to state and local government employees as well as some non-profit organizations. While it offers similar investment options as its 401(k) counterparts,…
Should I Convert My 401k to Gold?
Gold IRAs are individual retirement accounts specialized to hold physical precious metal investments, regulated by the IRS and designed to diversify individuals’ retirement savings with assets less reliant on economic fluctuations. Converting…
Is it Better to Buy Gold Coins Or Gold Bars?
As in-ground gold reserves decline each year, more investors are looking toward physical assets like gold coins and bars for investment purposes. Their tangible nature appeals to some who appreciate having peace…
Can I Hold My Own Gold IRA?
No such account exists with the IRS for gold or precious metals IRAs; rather, investors need to work with an IRA custodian that offers self-directed IRA accounts as well as secure third-party…
Do You Have to Report Gold to the IRS?
Many precious metal investors wish to sell their bullion without alerting the government; however, doing so can be more complicated than one thinks. Federal regulations stipulate that precious metal dealers are legally…
How to Get Physical Gold in an IRA
The Internal Revenue Service has detailed regulations surrounding gold IRAs, such as storage requirements in an IRS-approved depository and purchasing metals through an IRA custodian rather than directly from dealers. Your IRA…