What is a Gold IRA?
As inflation rages through our economy, many are left wondering what options they might have to protect themselves against the upcoming economic challenges. The key to safeguarding your hard-earned savings is the Self-Directed IRA.
Also referred to as the “Gold IRA,” we help our fellow Americans take advantage of a PRIVATE account that utilizes PHYSICAL precious metals and other alternative assets, all of which are unavailable with traditional IRA accounts. These precious metals, such as Gold, silver, palladium, and platinum, allow for true diversity and a reliable hedge against impending economic crisis.
Since its inception in the early 1990s, the Gold IRA has grown in popularity, allowing investors a reasonable and adequate opportunity to build a diverse retirement portfolio. Additionally, as dollar-backed shares continue to decrease in value, these alternative assets will enable you to maintain the weight of your hard-earned wealth, regardless of tumultuous political, social, and economic times.
It is essential to note the strict rules that must be followed (via IRS regulations) concerning the physical metals eligible for purchase within your Gold IRA. Only precious metals of the highest fineness, sourced from National Mints & private refineries, are permitted.
These guidelines protect investors/retirees like yourself to eliminate the risk of purchasing counterfeit products or precious metals that you may not be able to sell once you have ultimately decided to convert your assets back to cash.
The Gold Hotline exclusively supplies our valued clients with IRA-eligible products, and we have made it our goal to maximize the value of your funds as you acquire bars and coins.
The Gold Hotline aims to help first-time buyers and experienced investors. Our professional team of specialists is with you every step of the way as we assist you in setting up your Gold IRA in 3 easy steps.
What are the Tax Implications of a Gold IRA?
By utilizing the Self-Directed IRA, our clients incorporate precious physical metals into their retirement plans without incurring immediate tax consequences. In addition, by purchasing your precious metals within your Gold IRA account, you may be eligible for specific tax reductions, depending on your age and earnings bracket.
The sole taxable action within this account is associated with a withdrawal from your IRA resulting from selling your precious metals. As with any taxable event, specific questions should be directed toward your tax accountant or CPA.
Rolling Over a 401(k) or Roth 401(k)
Many Americans have been forced to realize that the traditional 401(k) system often leaves retirees with insufficient funds to enjoy their golden years, many of whom are required to remain in gainful employment past the retirement age.
Fortunately, the Self-Directed Gold IRA allows you to avoid those concerns as you retire. At 59 ½, 401(k) plans are eligible for tax-free rollover into a new Self-Directed IRA. By doing so, you take ownership and control over the assets held within your plan and maximize your spending power upon your retirement.
