Discover the Benefits of a BGASC Gold IRA

• In an IRA or 401(k), you can hold, for example, gold bullion, gold coins, and gold bars.
• A gold IRA is a type of retirement plan that can hold physical gold.
• Gold IRAs can be self-directed by the individual, which means that the individual is responsible for managing the account.

A gold IRA is a retirement savings account that holds physical gold, rather than paper assets, such as stocks, bonds, or mutual funds. The account is self-directed, and individuals can hold gold bars or gold coins in the IRA, as well as gold bullion.
A gold IRA is a self-directed IRA, which means that the individual is responsible for managing the account. There are a few risks associated with a gold IRA. These include the risk of theft, risk of fraud, and risk of loss. However, these investments do have potential advantages.

Hidden Costs of Traditional IRAs

What many people don't realize is that when you invest in a traditional IRA, you're paying fees to fund the account. For example, the custodian of the account may charge you a monthly administrative fee, a trading fee, and an annual account fee.

401(k) Plans

A Gold IRA account is not the only way to get around the restrictions of 401(k) plans. You can also transfer your money into your IRA. Do note that the IRS imposes a 60-day waiting period before you can start making withdrawals, which means you can't get your money out right away.

Employer-Sponsored Plans
If you're an employer, you can set up a Gold IRA plan for your employees. This is a good idea if your business offers 401(k) plans, because the 401(k) plans generally have a higher fee structure. A Gold IRA plan, on the other hand, carries lower fees.

A Gold IRA plan also offers tax benefits to the employers. You get a tax credit up to 25% of the amount contributed to your Gold IRA plan.

Tax-Free Profit Sharing Plans
Some employers also offer tax-advantaged profit-sharing plans. One of the benefits of these plans is that you can contribute up to 25% of your income. Employer contributions to these plans are not tax-deductible, but withdrawals are tax-free. A Gold IRA plan functions in a similar manner.

*IRA Accounts

Never before has having an electronic gold account been so easy. Set up is quick and easy.
*24/7 Online Access
View account activity, make transfers, check rates, and make new purchases 24/7.
*No Fees
There are no annual fees or other charges for maintaining your electronic gold account.
*No Minimum Trade Size
Trade gold whenever you want, for any amount you want, from the convenience of your computer.
*No Hidden Costs
Every trade comes with transparent pricing.

*401(k) Plans

*Retirement Accounts
*Tax-Free Withdrawals
*Gold Bullion Storage
*24/7 Customer Service
*1 Year Buy Back Guarantee
*Annual Audited Account Reviews
*Gold Bullion Delivery
*Pennyweight Pricing

Any country that is a member of the World Trade Organization (WTO) can trade with other WTO members without having a bilateral free trade agreement. Countries that belong to the WTO include: Australia, Brazil, Canada, China, the European Union, India, Japan, Mexico, Singapore, and South Korea.

*High-Yield Investments

A gold IRA offers higher-than-average yields, with the coins' value based on the price of gold at the time. Unlike traditional paper investments, the value of gold tends to rise over time.
*Protection from Currency and Economic Crises
Historically, gold has been a more reliable investment than paper money. When the economy goes sour and currencies lose their value, gold often becomes a more reliable hedge against risky investments.
*Tax Advantages
Gold IRAs are tax-deferred, which means the profits earned from the account are not taxed until they are withdrawn.
*Easy to Transfer
A Gold IRA can be transferred to new owners without tax implications.
*Investment Flexibility
A gold IRA can be invested in bars, coins, mutual funds, annuities, and stocks.
*Easier to Sell
The market value of gold, unlike stocks and mutual funds, is more consistent than paper investments.
*Minimum Amount Required
The minimum investment amount for a Gold IRA is $1,000.
*Easy to Start
A Gold IRA can be opened with as little as $1,000, and the account can be funded quickly and easily.

*Unsecured Loans

An unsecured personal loan allows you to borrow up to $50,000 without collateral.
*Home Equity Line of Credit (HELOC)
A HELOC gives you the convenience of borrowing what you need, when you need it, for up to 10 years.
*Fixed-Rate Home Equity Loans
Whether you need to consolidate your debt or fund a major purchase, a fixed rate home equity loan will provide you with the financing you need.
*Time-Limited Fixed-Rate Home Equity Loans
The Time-Limited Fixed-Rate Home Equity Loan gives you the flexibility to borrow up to 80% of your home's appraised value at a fixed interest rate for a specified period of time.
*Second Mortgages
A second mortgage allows you to borrow against the value of your home with fixed or variable rates.
*Home Equity Loans
A home equity loan allows you to borrow up to 80% of your home's appraised value.
*Line of Credit/Home Equity Secured Lines of Credit
The secured line of credit provides you with the flexibility to borrow what you need when you need it.

*Debt

If you're in debt, a gold IRA is one way to pay it off. And if you're approaching retirement age, it may be wise to keep some of your wealth in physical gold.
*Debt Protection
The precious metals market has held up well during the financial crisis, and previous recessions, and has historically outperformed paper assets.
*Tax Advantages
Individual Retirement Account (IRA) funds and any precious metals within them are shielded from income taxes.
*Easy to Store
Unlike stocks and bonds, gold doesn't take up much space. You can store it at home, in a safe deposit box, or at a bank.
*Protection
Gold is a relatively safe investment, and many people assume that current global instability will lead to higher gold prices. Gold is also an excellent hedge against inflation.
*Safe Haven
Some people choose to diversify their retirement portfolios with gold because its price doesn't fluctuate as much as other investments.

*Home Equity Loans

A Gold IRA can provide a unique source of financing for a home equity line of credit (HELOC). A HELOC is a loan secured by the equity in your home. A Gold IRA can be used to secure this type of financing, allowing you to leverage your gold for increased borrowing power.

*Subprime Loans

A BGASC Gold IRA allows you to finance up to 70% of the value of your precious metals. This can help you obtain the value of your assets for a lower price.
*Shield Your Assets
The value of your precious metals may be greater than the original cost of your purchase. With a BGASC Gold IRA, you don't have to worry about your assets losing value because your assets are kept safe in a high-security vault.
*Tax Free Growth
IRA assets grow tax free, while your retirement accounts, such as 401(k), 403(b), and 457(b) accounts, are subject to income taxes.
*Low-Cost Fees
Because BGASC is a non-bank provider, they don't charge high fees for their services. This can help lower your IRA cost and give you more money to invest in your retirement fund.
*Insurance Protection
BGASC offers insurance protection for your precious metals IRA. If a problem occurs or something happens to your precious metals, you can receive compensation for the damaged or lost metal.

*Hard Assets

Gold and precious metals are a tangible asset that holds its value over time. Unlike stocks or bonds, gold cannot be affected by inflation or deflation. Gold prices appreciate when the dollar falls or inflation is high. Gold prices depreciate when the dollar rises and deflation occurs.
*Tax Advantages
Gold and precious metals are natural resources that are exempt from capital gains tax. Gold is also not subject to estate taxes. Since there are no taxes on capital gains, gold IRAs are an excellent vehicle for preserving wealth and increasing retirement savings.
*Reliable and Secure
Gold has intrinsic value, unlike paper money. Gold is difficult to counterfeit. Gold and precious metals are an excellent hedge against inflation, as they rise along with the price of goods and services.
*Safe Haven
Gold is the ultimate safe haven investment, with a proven track record of retaining its value in periods of market instability. Gold prices are less affected by political and geopolitical events.

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

The Bottom Line

Although gold prices worked their way higher in the first half of 2019, they quickly reversed course and dropped dramatically in June. Over the last few months, spot gold prices climbed higher as the U.S. dollar weakened and the overall risk-on sentiment in the market increased.
Investors who take advantage of a gold-backed IRA have the benefit of having the potential to gain exposure to rising gold prices, even if they don't have a brokerage account that typically offers investment options.