Discover the Best Anchorage Mint for Your IRA

• Precious metals such as gold, silver, platinum, and palladium offer diversification to your portfolio.
• The IRS approved more than 2,500 coin and bullion dealers that specialize in IRA precious metals.
• When comparing dealers, look for those that offer fair pricing, low fees, and fast delivery.

Investing in precious metals through an IRA offers a number of advantages. Precious metals such as gold, silver, platinum, and palladium offer diversification to your portfolio. In addition, you can purchase and own precious metals through an IRA without paying capital gains tax.
Investing in precious metals through an IRA also gives you flexibility in the types of metals that you can purchase. The Internal Revenue Service (IRS) approved more than 2,500 coin and bullion dealers that specialize in IRA precious metals. Choosing the best dealer for your specific needs can be a daunting task, however.
Read on for a closer look at how to select the dealer that is right for you.

Types of IRAs

The different types of IRA include traditional IRAs, Roth IRAs, and SEP IRAs. Your choice will depend on your circumstances and long-term goals.
Traditional IRAs
Traditional IRAs allow you to save money for retirement on a tax-deferred basis. The contributions you make to a Traditional IRA are deducted from your taxable income. The money you contributed to and earnings from your Traditional IRA are not taxed until you withdraw the money. Withdrawals are subject to a 10% penalty if withdrawn prior to age 59 1⁄2.

Roth IRAs
Roth IRAs allow you to save money for retirement on a tax-free basis. The contributions you make to a Roth IRA are tax-exempt. The money you contributed to and earnings from your Roth IRA are not taxed until you withdraw the money. Withdrawals are not subject to any penalties.

SEP IRAs
SEP IRAs allow self-employed people to set aside money for their retirement. The contributions you make to a SEP IRA are tax-deductible. The money you contributed to and earnings from your SEP IRA are not taxed until you withdraw the money. Withdrawals are not subject to any penalties.

Traditional IRA

A traditional IRA gives you upfront tax deductions for contributing to it, and you don't have to pay federal income tax on withdrawals that meet the qualifying rules.
Roth IRA
Uncle Sam doesn't give you tax breaks upfront with a Roth IRA, but you won't owe any income tax on withdrawals of contributions, as long as the following conditions are met:
You are at least 591⁄2 years old.
You have owned the account for at least five years.
You haven't withdrawn any contributions.
You haven't withdrawn any earnings.

Roth IRA

A Roth IRA allows you to contribute up to $6,000 per year, with a maximum of $1,000 for those 50 or older.
Traditional IRA
A traditional IRA allows you to contribute up to $6,000 per year, with a maximum of $1,000 for those 50 or older.

Rollover IRA

A rollover IRA is a retirement account formed through your current or former employer. These accounts are often time-limited and come with strict contribution limits. The funds in these accounts may appreciate in value, but they cannot be transferred to a self-directed IRA.
Traditional IRA
A traditional IRA is an account that can be opened on your own. Traditional IRAs allow investors to contribute up to $6,000 per year ($7,000 for those 50 and older) until reaching 70 1/2 years of age.
Roth IRA
A Roth IRA is a retirement account that you may open on your own. Just like traditional IRAs, Roth IRAs allow you to contribute an amount up to $6,000 per year ($7,000 for those 50 and older) until you reach 70 1/2 years of age.
SEP IRA
A SEP IRA, or Simplified Employee Pension IRA, is a retirement fund that can be opened by an employer. SEP IRAs allow for higher contributions than traditional IRAs, but employers are required to make those contributions tax-deductible to the employee.

How to Choose a Mint

The first step is to decide which type of mint to use for your IRA. There are two primary types of mints to choose from: physical bullion coins and paper.
There are advantages and disadvantages to each, and which one is best for you depends on your circumstances. Here's the breakdown of each:

Anchorage Mint

Anchorage Mint specializes in precious metals IRAs. The firm offers 6 bullion coins and 2 gold bars. The coins available are gold American Eagles, Canadian Maple Leafs, Austrian Philharmonics, and the South African Krugerrands. Gold bars range from 1oz to 10 troy ounces.
Anchorage Mint's bullion products are available for IRAs and brokerage accounts. Bullion IRAs allow you to invest in precious metals for your retirement account.

American Precious Metals

American Precious Metals (APM) is in the business of helping investors grow their wealth by accumulating precious metals.
A fast-growing company, APM has minted many collectible coins and has put customers' money into physical bullion.
The coins minted by American Precious Metals are affordable, and some of them are hard to find.

Liberty Gold

Liberty Gold's website contains a wealth of useful information regarding the precious metals market and IRAs. The company offers several bullion IRA options, including a standard IRA, a self-directed IRA, a precious metals IRA, and a gold 401(k). Liberty Gold recommends opening your IRA account using one of the following precious metals dealers: APMEX, JM Bullion, SD Bullion, or SD Bullion Direct.

Gold IRA: Should You Open One To Save For Retirement?

The Bottom Line

If you have an employer retirement plan, the Anchorage Gold IRA is one of the best options available. While the costs may seem high, the fees are tax-deductible and don't change based upon the amount of gold you invest. The Anchorage Gold IRA offers a variety of account types, including individual, joint, and corporate, and you can purchase physical gold, silver, platinum, or palladium. The Anchorage Gold IRA charges an annual account fee of $150 for self-directed accounts, which is comparable to most other gold IRA providers.