Experience the Convenience of a CBIMint IRA

• A self-directed IRA, also known as a Rollover IRA, is a tax-advantaged retirement account that allows you to invest in specific investments, such as real estate, precious metals, and private companies.
• The investments must be in the self-directed IRA, not a traditional IRA or 401(k).
• A self-directed IRA can be a powerful tool for helping you prepare for your retirement, but it also presents some risks.

A self-directed IRA, also known as a Rollover IRA, is a tax-advantaged retirement account that allows you to invest in specific investments, such as real estate, precious metals, and private companies. The investments must be in the self-directed IRA, not a traditional IRA or 401(k).
A self-directed IRA can be a powerful tool for helping you prepare for your retirement, but it also presents some risks.

Advantages of CBIMint

Convenience of opening an IRA account with no minimum balance requirement

No annual fees

Access to a wide range of mutual funds, including e-trade and Fidelity funds

Flexible contribution limits - $5,000 to $20,000 annually

Access to investment options including stocks, bonds, ETFs, options, mutual funds, and much more

Disadvantages of CBIMint
Limited investment options - only mutual funds; no stocks

No direct trades

No access to individual stocks

Advantages of a Traditional IRA

* Contributions are limited to $6,000 per year
* A 10% penalty applies to withdrawals before age 59
* Contributions can be made with pre-tax income
* Contributions can compound tax-deferred
Advantages of a Roth IRA
* Contributions are limited to $6,000 per year
* No mandatory withdrawals are required
* Contributions are made with after-tax income
* Contributions can compound tax-free

Advantages of a Roth IRA

A Roth IRA is funded with after-tax dollars, so the account grows tax-free at retirement.
There are no required minimum distributions (RMDs).
The account can be passed on to heirs tax-free.
Contributions may be withdrawn at any time, without tax or penalty.
The account owner is responsible for any tax owed on any withdrawals.

Disadvantages of a Roth IRA
Earnings are taxed, not contributions.
Only $6,000 can be contributed in a calendar year for individuals under age 50. Contributions over this amount may be withdrawn without penalty.

Advantages of a Traditional IRA
Contributions are tax deductible, which reduces your current taxable income.
Earnings are not taxed until withdrawn, which reduces your tax bill at retirement.
Contributions can be made until the account owner reaches age 70 1⁄2.

Disadvantages of a Traditional IRA
Contributions are taxed, not earnings.
Earnings can be withdrawn at any time, and are subject to a 10% penalty if withdrawn before age 59 1⁄2.
Withdrawals prior to age 59 1⁄2 are taxed as income.

How Are Qualified Distributions Taxed?

A qualified distribution from a Roth IRA is tax free. Business owners can gift up to $100,000 per year to their children or grandchildren without incurring gift tax. They can also transfer up to $15,000 per person per year to a charitable organization without incurring income tax.
A qualified distribution from a Traditional IRA is taxable. Business owners can gift up to $14,000 per year to their children or grandchildren without incurring gift tax. They can also transfer up to $10,000 per year to a charitable organization without incurring income tax.
A qualified distribution from a SIMPLE IRA is taxable. Business owners can gift up to $12,000 per year to their children or grandchildren without incurring gift tax. They can also transfer up to $12,000 per year to a charitable organization without incurring income tax.
A qualified distribution from a SEP is taxable. Business owners can gift up to 25% of their compensation or $55,000, whichever is less, to their children or grandchildren without incurring gift tax. They can also transfer up to $55,000 to a charitable organization without incurring income tax.

Can an IRA Be Rolled Over?

A Traditional IRA can be rolled over by distributing your IRA and rolling it over into an IRA at another institution.
A Roth IRA, on the other hand, cannot be rolled over into another Roth account.
A SEP IRA can be rolled over, but distributions may be subject to a 25% tax penalty.
A SIMPLE IRA can be rolled over, but distributions will be subject to a 25% tax penalty.
A Coverdell Education Savings Account (ESA) cannot be rolled over.

What Is the Minimum Required IRA Contribution?

The minimum amount you must contribute, from your own assets, to defer taxes is $6,000 per year for 2021. For an IRA that accepts rollover contributions, a $1,000 rollover contribution is also allowed. You can contribute more than $6,000 to an IRA, but any additional amounts will be taxed at the contributor's tax rate.

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

The Bottom Line

If you trade precious metals, consider opening a CBIMint IRA. You'll have access to all of the precious metals bullion products currently offered by CBIMint, at very low prices. Opening an IRA account is easy, and your investments will grow tax-deferred until you withdraw them.