Self Directed IRA Gold How It Works, Advantages, and Risks
Gold is a great way to add diversity to your portfolio. While it doesn't offer much upside potential like equities do, it does provide some downside protection. And while many investors are afraid of investing in gold because they think it's too risky, there are actually several benefits to owning gold. When compared to stocks, […]
Gold IRA Tax Rules: Current Gold IRA Tax Rules Updated for 2022
There are two main ways to buy gold: through an IRA or directly into physical gold bars. An IRA is a tax-deferred investment vehicle that lets you save money in exchange for monthly interest payments. You can put up to $5,250 every year ($6,550 if you’re over 50), and it grows tax-free. If you want […]
TSP to Gold IRA: Savings Plan with Precious Metals
The Thrift Savings Plan (TSP), formerly known as the Federal Employees Retirement System (FERS), offers you the opportunity to convert your savings plan account balance into gold, silver, platinum, palladium, rhodium, iridium, osmium, or ruthenium. This option allows you to diversify your retirement portfolio while protecting yourself against inflation and currency devaluation. If you're interested […]
Can I Actually Possess the Gold in My IRA? (Basic Rules)
The IRS doesn't allow most Americans to put money into a traditional Individual Retirement Account (IRA). But there is one exception: If you're over 50, you can open a Roth IRA account. And unlike a regular IRA, a Roth IRA lets you make tax-free contributions. This makes it perfect for investors who want to diversify […]
Home Storage Gold IRA: Things to Know for 2022
A home storage gold IRA is a great way for you to diversify your portfolio and protect yourself against inflation. You can buy physical gold coins and bars, or put money into an online account where it is held safely away from the financial system. The IRS requires you to follow certain rules and regulations […]