529 plans are designed to assist families in saving for college. Their funds may be used for qualified education expenses like tuition fees and room and board costs as well as repaying…
Category: Blog
Can I Manage My Own IRA?
The IRS stipulates that an IRA custodian be an approved institution. This could include banks, credit unions or state chartered financial institutions approved by an oversight body; all other organizations must apply…
When Should I Sell My IRA Stock?
An Individual Retirement Account, or IRA, can be an invaluable way to save for retirement while taking advantage of tax advantages. As with any investment vehicle, however, IRAs do come with restrictions…
Are Gold Coin Sales Reported to IRS?
Precious metal dealers must report customer purchases that involve payments of $10,000 or more made with cash as part of a preventative measure against money laundering activities. Certain transactions must be reported…
Utah Gold Depository
No matter if your precious metals are located at home or stored with a bank-controlled account, you should remain cognizant of their risks of theft and harm. Proper storage facilities will protect…
Rolling Over a 457(b) to an IRA
Eligible 457(b) plans offer flexible investment options and creditor protection; however, when withdrawn they become taxable income that must be declared. Rollover to an IRA may provide tax benefits and streamline retirement…
Does Vanguard Have a Gold IRA?
Vanguard is a trusted name in retirement investing, but they do not provide gold IRAs. Instead, they focus on more conventional investments like stocks and bonds. They recognize precious metals’ diversifying power…
How Much Gold Can I Sell Without Reporting to IRS?
investors seeking to avoid taxes on precious metal purchases may become duped by dealers who promote cash reporting thresholds and 1099 forms as tax avoidance strategies. According to IRS regulations, dealers are…
What is the Best Way to Store Gold and Silver?
Protecting gold and silver investments is an integral component of owning precious metals, and this article explores different storage solutions so you can make an informed decision that will maximize returns for…
How to Spot Fraudulent Investors
Fraudsters use various tactics to convince victims to invest their funds with them, including: Many fraudsters impersonate investment professionals or brokers. They create fake testimonials or use artificial intelligence technologies to make…
