A Complete Guide to Your Gold IRA
- Gold and silver IRAs are one of the most popular ways investors move their savings into gold and silver.
- Gold has traditionally held its value better than other investments, but it's become more difficult in recent years due to gold's increasing popularity.
- Gold and silver IRAs are a popular way for investors to move their savings into gold and silver.
- While gold has traditionally held its value better than other investments, it's become more difficult in recent years due to gold's increasing popularity.
- The increasing number of people investing in gold has led the price of gold to rise above its intrinsic value.
Gold and silver IRAs are one of the most popular ways investors move their savings into gold and silver. While gold has traditionally held its value better than other investments, it's become more difficult in recent years due to gold's increasing popularity. The increasing number of people investing in gold has led the price of gold to rise above its intrinsic value.
What Is a Gold IRA?
A gold IRA is an individual retirement account (IRA) that holds physical gold. Gold IRAs come in two forms:
Rollover IRA: This is the most common type of gold IRA. In this account, an individual rolls over an existing retirement account, such as an employer-sponsored 401(k) or Individual Retirement Account (IRA), into a gold IRA.
New IRA: An individual opens an IRA and invests the assets into a gold IRA.
Traditional Gold IRA
A traditional gold IRA is funded with pre-tax dollars and invested into gold bullion. Gold bullion can be purchased from physical gold dealers, gold ETFs, or gold coins. The gold is stored in a depository until the owner decides to withdraw.
Gold IRA rollovers
A gold IRA rollover allows an investor to move an employer-sponsored retirement plan into a gold-backed IRA. A traditional gold IRA rollover involves taking the assets from an employer plan, transferring them to an IRA custodian, and then rolling them over into gold-backed IRA.
Gold IRA transfers
A gold IRA transfer allows an investor to move gold assets from an existing IRA into a gold-backed IRA.
Gold IRA contributions
A gold IRA contribution allows an investor to contribute cash, gold, or gold-backed assets to gold-backed IRA.
Precious metal IRAs
A precious metal IRA is a type of gold-backed IRA that holds precious metals like gold, silver, platinum, and palladium. Gold-backed IRAs allow individuals to own physical gold and not pay capital gains taxes on the precious metal.
The Red Flags
A legitimate gold IRA company will be upfront and tell you about the red flags. Red flags are any signs that point to the fact that the company may not be legitimate.
Red flags to watch out for include:
No physical address and headquarters in the U.S.
No physical address and headquarters in a U.S. state
No phone number or email address
No physical address or headquarters in the U.S. or state