THE GOLD ROLLOVER FOR SAFETY

WHAT IS AN IRA?

 

An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. The tax benefits allow your savings to potentially grow, or compound more quickly than in a taxable account while gaining access to a potentially wider range of investment choices.

The word IRA stands for” Individual Retirement Account”. Many people under the age of 70 1/2 who have earned income and would like to defer taxes on retirement funds often open a type of IRA called a Traditional Individual Retirement Account (TRADITIONAL IRA).

Taxes on Traditional IRA earnings are deferred until the money is withdrawn, often in retirement years when they may be in a lower tax bracket.

And while the amount of contributions of new money into IRA accounts have IRS stipulated limits, there are no such monetary limits on lateral transfers from one IRA into another IRA. Be sure to check with your Tax Specialist first.

Depending on age and other factors, you may also be able to rollover a 401(k), 403(b) and other similar retirement accounts into an IRA.   And, you may also have the choice to transfer just a portion or all of the funds into an IRA. Be sure to check with your tax specialist first.

 

THE THREE MAIN TYPES OF IRA ACCOUNTS ARE:

 

TRADITIONAL IRA: This is an Individual Retirement Account (IRA) where you make contributions with money you may be able to deduct on your tax return and any earnings can potentially grow tax-deferred until you withdraw them in retirement. Many retirees find themselves in a lower tax bracket than they were in pre-retirement years, so the tax-deferral means the money may be taxed at a lower rate.

ROTH IRA: This is an Individual Retirement Account (IRA) where contributions are made with money that you have ALREADY paid taxes on and your money may potentially grow tax free, with tax-free withdrawals in retirement provided certain conditions are met.

ROLLOVER IRA: This is a Traditional IRA intended for money “ROLLED OVER” from a qualified plan. Rollovers involve moving eligible assets from an employer sponsored plan such as a 401(k), or 403(b) into an IRA. You can contribute to both a 401(k) and an IRA, and doing so can help to supplement your savings. Be sure to check with your tax advisor as certain contribution limits may apply.

 

GOLD AND PRECIOUS METAL IRAs:

 

It’s easy to open a Gold IRA. You can open a new Gold IRA account with new money and you can also transfer and rollover other IRA and 401(k), 403(b) plans that you may currently have into a Gold IRA, and the process can be easy, and is tax deferred and penalty free. Other type of retirement accounts may also be eligible to be transferred or rolled over into a Gold IRA as well.

Only certain bars and coins meet IRS requirements for being added to a Gold IRA. Be sure to ask a gold specialist. Some of the most common IRA permissible gold coins and bars are:

 

• American Gold Eagle Coin
• Canadian Gold Maple Leaf Coin
• American Gold Buffalo Coin
• Austrian Philharmonic Gold Coin
• PAMP Suisse Gold Bar
• UBS Gold Bar
• Proof Gold American Eagle Coin

 

Certain silver, platinum, and palladium bars and coins that meet IRS requirements can be added to a precious metal IRA as well.

It is important to have an established and experienced precious metal team working on your behalf, which includes an experienced precious metal dealer, and an approved custodian, and depository.

 

SOME BENEFITS OF A PHYSICAL GOLD IRA

 

Some of the greatest benefits of having physical precious metals in your retirement account are:

 

• DIVERSIFICATION
• TANGIBLE SAFE HAVEN ASSET
• SECURITY
• SAFETY
• LEGACY FOR THE FUTURE
• PEACE OF MIND

 

And while paper assets can become worthless, or companies in the stock market can disappear, gold and silver are solid, tangible assets with intrinsic value that have never gone to zero.

“Gold is a constant. It’s like the North Star.” Steve Forbes

And what benefit is more priceless than peace of mind?

 

Call us today for your free precious metal consultation. The Gold IRA Company: 855-554-4853

 

 

Although the information in this commentary has been obtained from sources believed to be reliable, The Gold IRA Company does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. The Gold IRA Company will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.