Category: Gold IRA Investing

How To Invest In Gold IRA-2023

September 3, 2023

5:37 pm

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gold IRA, gold ira advantages, invest in gold ira, ira irs rules, ira tax advantages, traditional ira

In this article, we will examine for an individual, ways and how to invest in gold IRA.

Retirement planning is a topic that weighs heavily on the minds of many individuals. As people work tirelessly throughout their careers, they dream of the day when they can finally enjoy the fruits of their labor. However, achieving a comfortable retirement requires careful financial planning and investment.

One avenue that often gets overlooked in this regard is investing in a Gold IRA. In this comprehensive guide, we will delve deep into the world of Gold IRAs, exploring what they are, why they are beneficial, and how you can start investing in one to secure your retirement.

Understanding the Basics

What is a Gold IRA?

Before we delve into the intricacies of investing in a Gold IRA, let’s first understand what it is. A Gold IRA, or Gold Individual Retirement Account, is a self-directed retirement account that allows you to invest in physical gold and other precious metals, such as silver, platinum, and palladium, as part of your retirement portfolio.

The key difference between a traditional IRA and a Gold IRA is the asset class you can hold within the account. While traditional IRAs are typically limited to stocks, bonds, and mutual funds, a Gold IRA allows you to diversify your retirement investments by including physical precious metals.

Why Invest in a Gold IRA?2023-09-05

Now that we know what a Gold IRA is, let’s explore why it can be a wise choice for your retirement planning:

1. Diversification

Diversification is a fundamental principle of investment strategy. By spreading your investments across different asset classes, you can reduce risk and increase the stability of your portfolio. Gold and other precious metals have historically exhibited a low correlation with traditional financial assets like stocks and bonds. This means that when other investments may be underperforming, gold can act as a hedge, helping to stabilize your overall portfolio.

2. Protection Against Inflation

One of the significant advantages of gold as an investment is its ability to retain its value over time. Unlike fiat currencies that can be affected by inflation and lose their purchasing power, gold tends to hold its value or even appreciate during times of economic uncertainty. By including gold in your retirement portfolio, you can protect your savings from the erosive effects of inflation.

3. Tangible Asset

Gold is a tangible asset that you can physically possess. This is in contrast to many other investments, such as stocks or bonds, which are essentially pieces of paper or electronic entries. The tangibility of gold provides a sense of security, as you have a physical asset that represents your investment.

4. Gold IRA Tax Advantages

Gold IRAs offer several tax advantages that can benefit your retirement savings. Contributions to a Gold IRA may be tax-deductible, reducing your taxable income for the year. Additionally, the growth of your gold investments within the IRA is tax-deferred, allowing your assets to compound without the burden of annual capital gains taxes.

How to Invest in Gold IRA

Now that you understand the benefits of investing in a Gold IRA, let’s walk through the steps to get started:

1. Research Gold IRAs

Begin your journey by conducting thorough research on Gold IRAs. Understand the different types of precious metals you can invest in, the regulations governing Gold IRAs, and the various custodians and dealers in the market. Look for reputable companies with a track record of customer satisfaction and compliance with IRS regulations.

2. Choose a Gold IRA Custodian

Selecting the right custodian is a crucial step in the process. Your custodian will be responsible for safeguarding your precious metals and ensuring compliance with IRS rules. Make sure the custodian you choose has experience in handling physical metals and is well-versed in the specific regulations governing Gold IRAs.

3. Open a Gold IRA Account

Once you’ve chosen a custodian, it’s time to open a Gold IRA account with them. This process typically involves providing personal information and completing the necessary paperwork. Your chosen custodian will guide you through this process and ensure that all requirements are met.

4. Fund Your Gold IRA

To invest in gold, you’ll need to transfer funds from an existing retirement account (such as a 401(k) or traditional IRA) or make new contributions to your Gold IRA. The amount you can contribute annually is subject to IRS limits, so be sure to stay within these limits to maintain your tax advantages.

5. Select Your Precious Metals

Working closely with your custodian, you can choose the types of precious metals you want to include in your Gold IRA. Common choices include gold bars and coins, as well as other metals like silver, platinum, and palladium. Your custodian will help you acquire these assets and ensure they meet IRS requirements.

6. Store Your Gold Securely

Once you’ve acquired the precious metals for your Gold IRA, they must be stored securely in an IRS-approved depository. Your custodian will facilitate this process, ensuring that your assets are held in compliance with IRS regulations. The depository provides a safe and controlled environment for your precious metals.

7. Monitor and Adjust

Your responsibilities don’t end once your Gold IRA is set up. It’s essential to regularly review your Gold IRA portfolio and make adjustments as needed. Stay informed about market trends, economic conditions, and the performance of your precious metals. Consider rebalancing your holdings to maintain your desired asset allocation.

IRS Rules and Regulations

Investing in a Gold IRA comes with specific rules and regulations set forth by the Internal Revenue Service (IRS). It’s crucial to be aware of these rules to ensure that you maximize the benefits of your Gold IRA and avoid potential penalties. Here are some key IRS regulations to keep in mind:

Contribution Limits

The IRS sets annual contribution limits for Gold IRAs. As of my knowledge cutoff date is in September 2021, individuals under the age of 50 can contribute up to $6,000 per year, while those aged 50 and older can contribute up to $7,000 per year. These limits may be subject to change, so it’s essential to verify the current limits with the IRS.

Distribution Rules

Gold IRA distributions are subject to specific rules and tax consequences. Typically, you can start taking penalty-free distributions from your Gold IRA at age 59½. However, distributions before this age may incur a 10% early withdrawal penalty in addition to regular income taxes. Consult with a tax advisor to understand the tax implications of Gold IRA distributions.

Reporting Requirements

The IRS requires that you report certain transactions related to your Gold IRA on your annual tax returns. Failure to comply with reporting requirements can result in penalties. Keep accurate records of contributions, distributions, and any transactions involving your Gold IRA assets.

Final Words

Investing in a Gold IRA can be a smart and strategic move for securing your retirement. By diversifying your portfolio with precious metals like gold, you can reduce risk, protect your savings from inflation, and enjoy potential tax advantages. However, it’s essential to approach Gold IRA investment with diligence and a clear understanding of the rules and regulations.

As you embark on your journey to invest in a Gold IRA, remember the key steps: research Gold IRAs, choose a reputable custodian, open an account, fund it within IRS limits, select your precious metals, store them securely, and monitor your investments. Stay informed about IRS rules and reporting requirements to ensure compliance.

In a world of financial uncertainty, a Gold IRA can provide a solid foundation.

I hope my How to Invest in Gold IRA article has been useful. If you have any questions I will be more than happy to answer for you.

Reasons to Invest in Gold IRA – 2023

by admin

March 5, 2023

11:40 am

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Gold IRA Investing

gold IRA, invest in gold ira, tax benefits

Our team has thoroughly researched the topic of investing in gold, and how it can be beneficial for retirement savings. In this article, we will discuss the Reasons to Invest in Gold IRA including the top five compelling reasons why you should consider rolling over your retirement funds to a gold IRA in 2023. In particular, we will discuss the Reasons to Invest in Gold IRA.

Introduction

Investing in a Gold IRA (Individual Retirement Account) can be a smart choice for those who want to diversify their retirement portfolio and protect their wealth against inflation, market instability, and geopolitical risks. Gold has a long history of being a valuable asset that retains its purchasing power over time. In times of economic uncertainty or geopolitical tension, gold tends to appreciate in value, making it a safe-haven asset. Additionally, Gold IRAs offer tax advantages and provide investors with physical ownership of their gold, adding an extra layer of security to their retirement savings.

Reasons to Invest in Gold IRA

Investment Diversification

Diversifying your investment portfolio is essential to mitigate risk and maximize returns. Investing in a gold IRA allows you to diversify your retirement savings by adding a tangible asset to your portfolio. Unlike traditional stocks and bonds, gold has historically maintained its value and is not directly affected by market fluctuations. Therefore, having gold as a part of your investment portfolio can provide a hedge against inflation and protect your retirement savings.

Tax Benefits

Rolling over your funds to a gold IRA can also provide significant tax benefits. The IRS allows for tax-deferred growth on all contributions made to a gold IRA until the funds are withdrawn during retirement. Additionally, if you roll over funds from a traditional IRA to a gold IRA, you can avoid paying taxes on the funds at the time of the transfer.

Preserving Wealth

Gold has been used as a store of value for centuries and has proven to be a reliable way to preserve wealth. Unlike fiat currencies that can lose value due to inflation, gold has maintained its purchasing power over time. By investing in a gold IRA, you can ensure that your retirement savings are protected from currency devaluation and economic instability.

Safe Haven Investment

Gold is often considered a safe haven investment during times of economic uncertainty. During market downturns or geopolitical tensions, investors often flock to gold as a safe haven asset. By investing in a gold IRA, you can protect your retirement savings from market volatility and economic instability.

Portfolio Performance

Adding gold to your investment portfolio can also improve your portfolio’s performance. Historically, gold has had a low correlation with traditional stocks and bonds. Therefore, adding gold to your portfolio can improve your portfolio’s diversification and potentially increase your returns. Additionally, since gold is not directly affected by market fluctuations, it can act as a hedge against inflation and economic instability.

Final Words

In conclusion, rolling over your retirement funds to a gold IRA can provide many benefits, including diversification, tax benefits, wealth preservation, a safe haven investment, and improved portfolio performance. Investing in a gold IRA can be an excellent way to protect your retirement savings and ensure a secure financial future.

What is the Best Gold IRA Rollover

by Nektarios

May 4, 2021

4:37 pm

6 Comments on What is the Best Gold IRA Rollover

Gold IRA Investing

There are several factors to consider to determine what is the best gold IRA rollover. In this article, I will outline all these features to decide which gold IRA program is better.

What is the Best Gold IRA Rollover

To determine what the best gold IRA rollover is we will have to consider the following factors.

Gold IRA Information Kit

For an investor to determine what is the best gold IRA rollover he will have to do his own research. A gold IRA firm that respects itself and its clients should have a cost-free information kit that can be downloaded directly from its website. That information kit should include comprehensive information about the company and cover every aspect of a gold IRA investment. That information should be detailed enough to cover any kind of question you might have.

If a gold IRA company does not have available for its clients a free information kit, then this company is not taking you seriously as a client and as an investor. I would not waste my time with them.

Acknowledged by Well Respected Publications

A well-known firm that has been featured in several publications such as Forbes, Bloomberg, The Huffington Post, Market Watch, Smart Money, Yahoo Finance, Chase, Reuters, and so on, is worth looking at. If the company you are looking for hasn’t been featured in any well-known business publication then, you should start having second thoughts.

Credible business publications do not feature companies that don’t deserve it. In fact, they are putting their reputation on the line. Therefore, firms that are featured there must earn it. They need to have a spotless track record. It usually takes many years of hard work and an impeccable reputation to achieve that.

If well-respected publications mention a gold IRA company then your question of what is the best gold IRA rollover could be answered.

Do Your Own Research

I myself, when it comes to decisions like this or even smaller ones such as when buying a second-hand car, I always do my own little research. You could conduct your own research too. It is your money after all. If the company passes your own test, then you will be happy and comfortable with that decision.

Doing your own research would be an easy task. Fortunately, everything (almost) can be found inside Google. Just type the company’s name, look for complaints, and see how the company handled those complaints. Inside Google, you will also find recent reviews and all sorts of information you will need. Check out TrustLink and Business Consumer Alliance, (BCA) these are highly credible testimonial platforms.

Moreover, you could check with market watchdogs such as the American Numismatic Association (ANA) and the Industry Council of Tangible Assets. (ICTA) See if the company is a member there and is also in great standing.

Many Years in the Bussiness

When it involves the company itself, you will aim to find out as much as possible about the business. A credible gold IRA firm will have stayed in business for at least ten years. Over those years they ought to have accumulated a network of sector solutions such as custodians and other experts.

You shouldn’t need to go anywhere besides your gold IRA business to buy your gold, open up a tax-free account, rollover an existing retirement account (i.e. IRA, 401K, 403B, or comparable account) as well and prepare both transportation and custodianship.

There is a large number of precious metals IRA companies available yet only a few are worthy of your attention.

Segregated Multiple Storage Options

We all agree that life savings should be stored in the best possible way. You should have the option to store your savings wherever you like. Regal Assets gives that option with storage facilities in the USA’s Salt Lake City, Canada’s Toronto, Dubai, Singapore, Hong Kong, and so on.

IRS regulations require all precious metal IRA investments to be stored at an accredited depository.

In addition, you should also have the option for segregated storage something most precious metals IRA companies ignore. Regal Assets gives you that option too. All this is possible through Regal Asset’s partnership with Brinks, the world’s largest maximum-security storage firm. This way you could be assured your retired life fund will be safe and as well will certainly be readily available whenever you require it.

Transparent and Low Fee Policy

Something else you will have to do will be to take a look at the company’s fee policy. The fee policy will include initial account setup fees, annual administration fees, storage fees, and so on. The amount of money spent on fees every year could add up considerably after ten or twenty years. In this case, the gold IRA proposal will turn out to be unattractive.

The client should know exactly what the fees will be from the beginning. Most companies charge a costly sliding scale fee every year. In my opinion, a flat annual fee is a better option.

Regal Assets has the lowest fee policy on the market with a flat annual rate and absolutely no initial account setup fees.

Buyback Guarantee

A credible gold IRA company should offer a reliable buyback program for its clients. If you wish to liquidate your investment for any reason, the company should buy your gold at the market’s spot price and wire you the money ASAP. The whole procedure should be completed in only a few business days, no more than that.

In case you have a Regal Assets IRA account and for some reason, you wish to liquidate your investment, Regal Assets will buy your gold back at the market’s spot price and will wire the money to your bank account the next day.

Fast Processing and Shipping

If for some reason you require your precious metals bullion transferred to your own home then the precious metals IRA company should transfer the gold to your own home ASAP. It will take up to thirty days for most companies to have your bullion delivered at home. Regal Assets guarantees you will have your gold at your doorstep within seven days.

Second to None Customer Service

Companies that provide financial services are called every single day to solve issues for their clients. Their staff should be professionally trained, well-mannered, and able to find solutions. They are the same people who handle sales. Aggressive salesmen who put their commissions first rather than customer satisfaction have been reported in the industry.

Sales staff usually reflects the culture of the corporation. At Regal Assets, pushy sales executives interested only in earning a commission will not come across. In fact, they will give you time to think and make up your own mind when you are ready. At the same time, they are the precious metals IRA experts and they will assist you with any queries you might have.

Final Words

A Gold IRA company that respects itself and its clients should offer all of the above or at least most of the above to its clients. Investing in a gold IRA is a big deal and it should not be taken lightly. Fortunately, Regal Assets is a company that puts its clients first.

Their sales executives are accessible and friendly willing to assist you in any way they can. Their deep knowledge regarding finance and IRA investing will guide you toward a precious metals IRA that suits your needs. They will explain all necessary steps and most steps will be handled by the RA personnel.

At the same time, Regal Assets is a well-respected company with a proven track record that guarantees the safety of your investment.

Regal Assets is ranked #20 in the US by the famous INC 500 in the financial sector and its founder Tyler Gallagher is a member of the Forbes Council.

What did you think about this article? If you have any queries do not hesitate to leave a comment, I always answer back.

If your question is what is the best gold IRA rollover then my answer to that question is that the Regal Assets IRA rollover is definitely one of the top IRA rollovers on the market right now.

How Bitcoin is a Scam

by Nektarios

February 23, 2021

10:53 pm

2 Comments on How Bitcoin is a Scam

Gold IRA Investing

altcoins, bitcoin bubble, bitcoin scam, blockchain, central banks, cryptocurrencies, decentralized currency, energy consumption, oins, price manipulation, the ripple scam, Trilemma blockchain problem

When I published that article, that was over a year ago, Bitcoin was rocking. However, there have been several disturbing and alarming facts that actually forced me to write this How Bitcoin is a Scam article. Unfortunately, it looks like all this is actually a fact and the huge Bitcoin price drop is proof of what the markets think about Bitcoin.

Bitcoin is on a roll right now. Its price has been breaking one record after the other. However, there is a question. Is Bitcoin a Scam and How Bitcoin is a Scam? Will bitcoin’s price plummet and when this is going to happen?

In this article, my aim is to answer all these questions by telling you the truth about bitcoin, and frankly, I do not care whether you like it or not, I feel it is my duty to let my audience know what I’ve discovered during my research.

I’ve always been sympathetic towards bitcoin and other altcoins. In fact, I think there must be something that could stop governments and central banks from manipulating monetary policy. Bitcoin seemed that it could actually take that role and become the alternative currency-asset, that protects the ordinary folk from government and central bank reckless monetary policies.

After the latest bitcoin price surge, I decided to investigate bitcoin and find out whether bitcoin is actually worth all the hype and expectations or not. Here is what I’ve discovered.

Bitcoin has Old Outdated Blockchain Technology

Bitcoin is the oldest cryptocurrency. At the time it was developed the technology behind it was breathtaking. It is a first-generation technology cryptocurrency.

Nonetheless, bitcoin’s first-generation technology compared to other crypto’s second and third-generation altcoin technology makes bitcoin stone-age crypto. Bitcoin can only handle transactions from one crypto wallet to another and that’s it. Bitcoin needs to innovate again otherwise it will be taken over by third-generation advanced altcoins.

Third-generation altcoins have addressed the famous Trilemma blockchain problem. The concept behind it is to improve scalability without suffering security and decentralization.

Bitcoin’s Huge Transaction Costs

The transaction costs behind bitcoin are enormous. At the moment the fee for a bitcoin transaction is $24,26. The result of this is that bitcoin is totally unsuited for everyday retail transactions. In addition, the proof of work technology does not allow more than five transactions per second whereas the visa network allows more than 24000 transactions per second.

Regardless of the huge transaction costs bitcoin is not a scalable means of payment for goods and services. It is mainly used for speculation and buying other cryptocurrencies. It is a self-service system.

Some argue that bitcoin is actually suited for the transfer of large amounts of money from one country to another. These types of transactions are under constant surveillance from authorities to stop tax evaders, human traffickers, criminals, and drug dealers from transferring large sums of money from one country to another.

There is a crackdown on these types of transactions and there is going to be a similar crackdown on international cryptocurrency transactions.

Bitcoin and Other Cryptocurrencies Are Not Assets

Investment assets like stocks, bonds, real estate, and so on, will give you income, dividends, rent, interest, and so on. Some of them will also provide a use. For example, commercial real estate will give you housing services.

Gold and other precious metals, do not give you an income but they have a use either in the industry, jewelry, monetary use, and store of value.

Bitcoin has no use, no income, and no utility. It is a pure speculative self-fulfilling bubble on price appreciation. They call it an asset but it does not have any of the features assets have. Additionally, it is not a currency because it cannot be used as currency. It is a self-fulfilling bubble with zero intrinsic value.

Bitcoin’s Unsustainable Energy Consumption

In order for the bitcoin network to deal with the everyday transactions and carry on the mining process, the amount of energy it consumes is equivalent to the energy Argentina consumes.

The whole mining process where a number of miners compete against each other with one of them winning the task of verifying the transaction which is an inefficient process that gets put in a ledger to be shared with the bitcoin computer network. This is an inefficient way to verify transactions.

In a normal financial system, there is a small number of individuals or institutions (banks, and so on) whose job is to validate, and verify transactions and make sure there is no double-spending.

If we take into account the huge energy consumption, and the inefficient transaction-mining process and add the carbon tax to it then, bitcoin’s value should be well below zero.

Bitcoin Price Manipulation

Unfortunately, there has been an orchestrated Bitcoin price manipulation operation. There have been allegations of pump and dump groups on Telegram who are pumping and dumping the price of it.

We are also aware of the tether issuance which has been bringing a billion dollars into Bitcoin almost every single day money coming out of nowhere. Sadly, it looks like Tether has been used to buy Bitcoin, and of course, all this is not backed by anything.

How Bitcoin is a Scam

Furthermore, there is evidence for spoof trading, wash trading, and front-running trading or tailgating. Right now there are several investigations undergoing on whether there has been price manipulation.

The Abundance of Money and the Effect on Bitcoin

With negative interest rates and non-stop money-printing, there has been an abundance of money. The reality is that the financial system has been flooded with money. All that money went to the stock market and cryptocurrencies. Yes, the never-ending money-printing by the Fed helped the creation of the Bitcoin bubble. Nonetheless, right now there is a shortage of money affecting bitcoin.

Bitcoin is not a Decentralized Currency

This is another of the bitcoin myths. The reality is that 70% of Bitcoin mining is done by six mining firms based in Russia, Belarus, and China. This is an oligopoly. Russia, Belarus, and China are three countries where there is no rule of law and they are all strategic rivals to the United States.

This is not decentralization. True decentralization should apply to all Bitcoin operations. Decentralization in mining, in exchanges, in wealth, and in development. The vast majority of Bitcoin wealth is concentrated on a very small number of people and companies. I call it the bitcoin oligarchy.

Sadly Bitcoin has become a highly centralized system with a very small number of people owning it, controlling it, and manipulating it. All that goes on in countries where there is no rule of law.

What Bitcoin is, or What Bitcoin is Not

Bitcoin is not a currency, it is not a unit of account, it is not a scalable means of payment, it is not seen as a numeral, it is not a stable store of value and it is certainly not a hedge against risk. Some people still argue bitcoin is a hedge against risk. We did not see that during February and March last year when we had the collapse of global equity by 30% and 40%. At that time bitcoin went down 50% and other cryptocurrencies 60%.

The Ripple XRP Cryptocurrency Scam

A month ago Ripple, its chairman, and CEO were all sued by the US Securities and Exchange Commission. Allegedly they illegally marketed and sold securities worth $1,3 billion. According to SEC Ripple raised capital by selling XRP in an unregistered securities offering. In addition, Coinbase was also sued because knowingly sold XRP as unregistered security and on top of that gained commissions on these sales.

The Bitcoin Bubble

The bitcoin bubble is set to explode and many assets will suffer a big blow. There is going to be a bloodbath. This is because Bitcoin’s market capitalization is over $1,4 billion dollars. Back in 2018 during bitcoin’s previous collapse, from $20,000 to $3,000 bitcoin’s market capitalization was only at around $200 million.

Final Words

I’ve always been sympathetic to Bitcoin. I thought it could become an alternative to fiat currency and change global payments forever. In the past bitcoin was the holy grail of cryptocurrencies, the number one. If Bitcoin collapses and if the ongoing investigations find price manipulation, and it looks like it will, I do not think Bitcoin will be able to recover again. What could also happen is that Bitcoin might take the whole cryptocurrency industry down.

Should I Invest in a Gold IRA?

by Nektarios

February 18, 2021

5:18 pm

6 Comments on Should I Invest in a Gold IRA?

Gold IRA Investing

fiat currency, financial crisis, gold IRA, gold standard, money printing, retirement plan, stock market, traditional ira, weak dollar

Should I invest in a gold IRA is the question that still many ordinary folks ask themselves. In this post, I will outline the reasons for ordinary folk to invest in a gold IRA account.

Any investment asset has certain risks, some higher and some lower. The idea when investing is to know exactly what the risks of a particular asset are, in order to make the right decision, the decision that suits your needs best and at the same time minimizes your risk. Over the years, we’ve seen many investors lose their fortunes because they just got too greedy.

Many investors should be asking themselves the Should I invest in a gold IRA question more often, this way they will be able to make a better decision regarding their IRA investment.

The same applies to your IRA investment. An IRA invested solely in mainstream assets will put your savings at risk in case of a market crisis.

For example, last year (2020) between February and March the stock market lost 10.000 points. As a result, trillions of dollars invested in stocks bonds, and other mainstream investment products were lost. Many IRA investors had to postpone their actual retirement time, due to low funds in their retirement accounts.

Gold IRA Definition

A gold IRA investment is an individual retirement account, an account that functions the same way as a regular IRA account however, instead of holding paper assets, it holds physical bullion coins or bars.

Gold IRA vs Traditional IRA

A gold IRA is treated by the IRS as any other IRA. The difference between the two is that a mainstream IRA is invested in mainstream assets such as the stock market, government bonds, options, and so on whereas in a gold IRA, the money is invested in gold. The IRS has also allowed IRAs to be invested in other precious metals such as silver, platinum, and palladium. Moreover, Cryptocurrency IRAs are also allowed.

A gold IRA is an asset that holds its value, especially during bad economic times. A gold IRA will secure your savings and offer financial stability to your investment.

A traditional IRA investment (401k, SEP, Thrift, Roth, and so on included) invests in traditional assets, such as the stock market. Although these types of investments can offer great returns, they are subject to large fluctuations during difficult times. That means you could see your money disappearing in a very short time.

Reasons to Invest in a Gold IRA

Diversification. In an investment portfolio putting all eggs into one basket is a big mistake. A prudent investor should include different types of investments just in case things go wrong. Gold is the asset that will diversify your investment portfolio.
Protects your investment from inflation. Inflation rates will rise to high levels thanks to endless money printing by the Fed. High inflation rates are bad news for your dollar. In a high-inflation environment, your purchasing power will drop substantially.
Gold is a tangible asset.
Gold is not a chain in someone else’s liability. eg. Having your money invested in a company’s shares and the company goes bust due to illegal activities or because it took the wrong business decisions.
A gold investment protects your savings from geopolitical uncertainty. If a war breaks in the Middle East, for example, the traditional investment assets will take a downturn (stock market) but not gold and other precious metals.
Increasing demand for gold and silver for industrial use. eg gold is used in computers mobile phones and so on.
Low or negative interest rates. That means your dollar loses value every single day if it is stored at the bank.
The weak dollar is more bad news for your life savings
The stock market bubble. We are witnessing an unprecedented bubble in most assets. The stock market bubble though is the one that once it bursts it will actually cause the biggest problems in the economy because this particular bubble is a huge one.

Rotten Political and Financial System

The newly elected Biden administration is faced with an almost impossible task. First, the social and political divisions of this great country should be addressed. Something must be done to deal with the covid19 virus and then something should be done to change the monetary system.

Most finance experts and market analysts agree that today’s fiat currency monetary system does not work. Since its introduction back in 1971 it has only created disorder and turbulence in the economies and the markets.

Unfortunately, we are faced with irresponsible individuals who do not have the political will and guts to make the right decisions for themselves and for the country. In addition, central bankers are also responsible for this, because they have seen their profits skyrocket, at the expense of you and me, and they do not want that to change.

The Abandoned Gold Standard

In 1971 President Nixon abandoned the gold standard policy. It was a move that surprised the Western world. The US kept cheating the rest of the world by printing cash in order to finance the Vietnam War. There was only one way for the US to get out of this and that was to abandon the gold standard policy.

What President Nixon started in 1971 is now leading to an uncontrollable money-printing bonanza. Nevertheless, money printing has been carried out in the past in most Western economies. Nowadays though the money printing programs that take place right now are enormous. President Trump and the Fed carried out a gigantic 2,5 trillion money printing program. The new Biden administration is willing to add another three billion fake money to the economy.

The Europeans too agreed to raise a 2,1 trillion dollar stimulus package. Their funds will be raised by selling bonds collectively. In addition, similar money-printing and bond-selling programs have been carried out by most Western countries.

Financial Crisis is on the Way

All these money printing and bond selling programs mean more debt for the bond sellers and worthless money flooding for those who choose to print cash. The results from these are likely to be.

Further weakening of national currencies including the American dollar
High inflation levels
A large drop in our purchasing power
Mainstream assets (stock market, etc.) to take a large fall
Gold and other precious metals will see their value increase substantially
Mainstream IRA programs will suffer big losses

Gold IRA Benefits

You may regret if you choose a conventional IRA or 401(k) investment with a bank or brokerage firm. The stock market bubble is expected to decimate traditional investment assets. Stocks, bonds, and so on will see their prices drop substantially. That means your, life savings could perish overnight, and in the end, there won’t be enough savings for you to retire.

Since most IRA accounts are invested in traditional assets, and since all these assets move downwards or upwards together, (correlated assets) there must be another asset that does the opposite.

On the other side gold is a non-correlated asset. (an asset whose value isn’t tied to larger fluctuations in the traditional market) In fact, gold always does well in times of crisis. Call it a financial crisis, recession, geopolitical tensions, war, COVID-19, trade war, whatever the case is, gold not only maintains its value but also sees significant gains.

Black Monday1987Iraq-Kuwait War1990Dot Com Crash2001Financial Crisis2008Stock Market Decline-38.9-22.5-27%-34%Gold Price Results+5%+7.5%+1%+5%Gold Outperformed Stocks By Ratio45:131:129:140:1

========> Related articles Gold IRA frequently asked questions

Conclusion

We have seen the risks involved with a mainstream investment portfolio. Prudent investors do not put all eggs in one basket. This is applicable right now because we are facing an overvalued stock market and the effects of the uncontrollable money printing policy.

An IRA investment should be low-risk or risk-free. That’s because it is made of money that is not in abundance but your own hard-earned savings. In addition, if that money gets lost, then you will have nowhere else to turn to.

Since IRAs are made of hard-earned money, extra care should be taken to make sure the investment is well protected. Considering gold is a safe-haven asset during bad times, a gold IRA will ensure that your life savings will not perish overnight in case of a financial crisis.

Should I Invest in a Gold IRA?

There is no doubt the evidence for investing in a gold IRA is overwhelming. However, when investing your life savings all care should be taken in order to avoid possible traps and mishaps.

What is IRA and Roth IRA – Complete Investment Guide

by Nektarios

January 30, 2021

9:43 pm

2 Comments on What is IRA and Roth IRA – Complete Investment Guide

Gold IRA Investing

benefits, conventional ira, IRS, Roth ira, taxation

Many investors wonder what exactly is an IRA, and how it works. In this chapter, I will analyze What is IRA and Roth IRA. My aim is to emphasize on Roth IRA and in a later article, I will also analyze the IRA.

What is IRA and Roth IRA Breakdown

IRA Definition

An IRA is an individual retirement account created by the IRS designed to help investors save for retirement. It offers the investor several tax advantages. There are several types of IRAs such as traditional, SEP, Gold IRA, SIMPLE, and Roth.

Roth IRA Definition

A Roth IRA is a private retirement account in which cash grows tax-free and retirement withdrawals are tax-free.

Should I Invest in an IRA or a Roth IRA?

Investing in any type of retirement account is crucial. Unfortunately, a 401(K) or a pension may not provide you with enough income for retirement. To make things clear for you is the reason for my What is IRA and Roth IRA article. Investing money in an IRA of any type could help you be in a better position when you retire and at the same time, it will also help you save on taxes.

Roth IRA Contributions

In 2020 the contribution should be no more than $6,000 ($ 7,000 if 50 or older) for customized adjusted gross earnings listed below $139,000 (single filers) or $206,000 (married filing collectively $6,000 ($ 7,000 if 50 or older) for customized adjusted gross earnings listed below $140,000 (single filers) or $208,000 (married filing collectively).

Roth IRA Breakdown

A Roth IRA is a specific retirement account in which cash grows tax-free and withdrawals in retirement are tax-free. Here are the 5 crucial attributes of a Roth IRA.

You pay taxes on the cash you put in the account. You can not subtract the contributions from your taxes.
If you’re 50 or older), in 2020 and 2021 you can contribute up to $6,000 ($ 7,000.
You can not add to a Roth IRA if your modified adjusted gross income (MAGI) is more than $139,000 in 2020 (single filers) or $206,000 (married filing collectively). (The backdoor Roth method provides a solution.) In 2021 the contribution limitation depends on $6,000 ($ 7,000 if 50 or older) for modified adjusted gross income listed below $140,000 (single filers) or $208,000 (married filing collectively).
Individuals of a minimum of 59 1/2 years of age and who hold theirs represent a minimum of 5 years can take circulations, consisting of incomes, without paying federal taxes.
If you do not desire to, you do not have to take any cash out of your Roth IRA. There are no needed minimum circulations (RMDs).

Are you Eligible for a Roth IRA?

You need to have actually made earnings. You need to have earnings from work (the IRS term is “taxable compensation”). The limit you can add to a Roth in a year is your earnings from work or $6,000 ($ 7,000 if you’re age 50 or older), whichever is less.
You should be under the earnings limitation. The quantity you can add to a Roth IRA starts diminishing at specific limits for customized adjusted gross earnings, and it keeps diminishing as earnings increase. (See IRS Publication 590-A, Worksheet 2-1, for total directions on figuring MAGI for Roth IRAs.)

Opening a Roth IRA

You open a Roth IRA at a brokerage or bank. If you desire to invest in bonds and stocks, you might desire to open your Roth at a brokerage or robo-advisor rather than at a bank.

You can include cash in time. A swelling amount or smaller-sized contributions throughout the year are great, as long as your contributions do not surpass $6,000 ($ 7,000 if you’re 50 or older) or your taxable settlement, whichever is smaller sized. You can likewise include cash to a Roth by rolling over cash from another investment account.

Roth IRA Variations

Banks. Due to the fact that many banks provide cost savings tools (like CDs) instead of financial investments, they are typically not the very best location to open an IRA, which must be tailored towards long-lasting development.

Robo-advisors. A Robo-advisor and its automatic financial investment procedure may be appealing if you desire to take a hands-off method to invest.

Regular Brokers. This way you will have a say regarding your investments

Roth IRA Circulations and Withdrawals.

You can withdraw your initial contributions any time you like, without owing any taxes or charges, no matter the length of time your account has actually been open. Due to the fact that the cash you put in is cash on which you currently paid earnings tax, that’s.

The IRS constantly presumes your initial contributions come out initially when you withdraw cash from a Roth IRA.

Certified withdrawals of financial investment profits in the account come out tax-free. In particular scenarios, the IRS might desire a piece of those returns, in the kind of taxes and a possible charge, if you withdraw early or otherwise do not satisfy the guidelines for a certified withdrawal.

Individuals a minimum of 59 1/2 years of age and who hold theirs represent a minimum of 5 years can take circulations, consisting of profits, without paying federal taxes.

Roth IRA Benefits

Possible tax cost savings. If you anticipate your tax rate to be greater in the future, Roth IRAs will be a must since you contribute cash now that you’ll pay earnings taxes on this year instead of in the future when your tax rate is greater. It makes sense to pay taxes now in return for tax-free retirement withdrawals if your tax rate is lower now.

Easy withdrawals. You can withdraw the cash you contributed whenever you like, without taxes or charge. (You could be taxed if you withdraw your investment earnings)

Double dipping. You can add to a Roth in addition to a 401( k). In 2020, the Roth limitation is $6,000 annually ($ 7,000 if you’re 50 or older).

Versatile timing. When and how much you contribute to a Roth IRA, is your choice. You might contribute $6,000 on the very first day of the year, or divide up your contributions over a large number of months.

Additional time to contribute. You have up until the tax due date to contribute for the previous fiscal year.

Tax-free circulations. As soon as you strike 59 1/2 and have actually held the represent a minimum of 5 years, you can take circulations, consisting of revenues, from a Roth IRA without paying federal taxes.

No age limitation to open. You can open a Roth IRA at any age, as long as you have actually made earnings (you can’t contribute more than your made earnings).

No RMDs. Roth IRAs aren’t based on the needed minimum circulations needed from a standard IRA or 401( k) beginning at age 72 (in 2019 and earlier years, that age was 70 1/2).

Is Your Money Safe in a Roth IRA?

Depending on what you invest your Roth IRA cash in, you may, at times, see the worth of your account dip. In spite of that volatility, investors who stick with their investment for the long haul are able to ride out the dips and view their cash grow at typical returns surpassing simply any other financial investment.

The secret is to make certain your financial investments are diversified. Think about the advantages of a robo-advisor– it will select a varied portfolio for you if that appears like a job you do not desire to deal with. The rule of thumb is to never put all eggs into one basket.

Roth IRA and Conventional IRA.

Think about a standard IRA if you desire an instant tax break. A Roth IRA is an excellent concept if you like the concept of tax-free earnings in retirement.

Roth IRAs are a clever cost-saving tool for youths simply starting since they’re most likely to deal with greater earnings tax rates as they move along in their professions. Somebody even more along on their professional course might likewise like a Roth IRA since they offer tax-free earnings in retirement. That supplies what some monetary consultants call “tax diversity.”.

Cash stowed away in accounts, such as 401( k) s and conventional IRAs, causes tax costs in retirement. A Roth IRA can use a hassle-free method to handle that tax costs; for instance, by plucking at least some earnings from the Roth to prevent being pressed into a greater tax bracket.

What are the downsides of a Roth IRA?

A Roth IRA offers, many benefits however, I am afraid there are a couple of shortcomings.

You can’t take a loan from an IRA the way you can with numerous 401( k) s. That stated you can constantly withdraw your Roth IRA contributions anytime without charge, interest, or taxes.

Early withdrawals (prior to age 59 1/2) of your financial investment income included a 10% charge unless you satisfy a handful of exceptions.

Final Words

IRA investing is an excellent way to ensure your retirement years will be without money worries. A Roth IRA offers a number of advantages over other IRAs such as versatility, tax savings, and many more.

Over the last few years, there has been a large number of investors who prefer to invest in alternative IRAs (gold or precious metals IRAs, crypto IRAs, and so on.) rather than traditional IRAs. This way they make sure their savings are safe and secure and at the same time when the markets are bullish to ensure maximum returns.

I hope my What is IRA and Roth IRA article has got you covered. If you want more information on the topic feel free to write a comment and I will get back to you.

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Gold IRA for Retirement – Investment Guide 2023

by Nektarios

January 24, 2021

5:49 pm

4 Comments on Gold IRA for Retirement – Investment Guide 2023

Gold IRA Investing

alternative ira investment, gold IRA, self directed ira, stock market

Gold IRA for Retirement

Traditionally people have considered their retirement 401Ks and IRAs to be like safety nets rather than wealth builders. With a self-directed Gold IRA for Retirement, you need not be satisfied with growth rates in the single digits. Gold IRA for Retirement

Gold IRA for Investment

A gold IRA for retirement investment is an individual retirement account, an account that functions the same way as a regular IRA account however, instead of holding paper assets, it holds physical bullion coins or bars.

Alternative IRA Investment

Although the first priority when investing in an IRA is the safety of your life savings, it is possible to achieve extraordinary growth potential outside of the traditional IRA markets, multiplying your IRA’s value several times without compromising the safety of your savings. Significant growth is not uncommon, within a relatively short period of time.

It will not just happen by itself. You will have to take hold of your retirement portfolio, you also need to put in the time and effort, and also do your own research. The benefits are enormous but only to those willing to take action.

The Stock Market is Overvalued

A clever investor never puts all eggs into one basket. In addition, most investors think twice before they put money into the stock market due to the ups and downs, and are frankly not as confident as they used to be. We’ve seen company shares drop dramatically and investors lose money many times in the past. It actually happened a few years back. To add more, investors and market analysts are concerned with the current levels of the stock market that is considered to be way too high and correction is looming.

Are you concerned that you will not retire in comfort? If you are, the option you have will be to put your IRA money to work for you and, truly diversify your IRA portfolio with alternative investment assets. Your banker and broker will not let you invest in alternative investment assets, because they want total control over your own money. You see your IRA is money that belongs entirely to you. In the meantime, the commissions they earn are out of this world.

Isn’t time that you take control of your own money?

How to Take Control of Your Own Money

You will have to acquire knowledge of alternative investment opportunities that are permissible for your IRA. You see, the IRS has placed strict restrictions on IRA investments, and rightly so. (An alternative IRA could consist of precious metals, cryptocurrencies, real estate, and so on.)
Contacting a Self-Directed IRA expert will be a great idea. That person will help you and direct you toward the right alternative investment asset that covers your needs best.
A firm that offers low annual fees, a spotless track record, and a buyback program will be the best option for you. In addition, a self-directed IRA will put you in the driver’s seat as you will maintain full control at all times.
Provided you satisfy IRS regulations on the type of investments allowed for your self-directed IRA funds (gold is one of many possibilities), you can take charge of your financial future by turning that IRA into a high-earning instrument. The IRS’s guidelines are crystal clear, as defined in their publication “Your IRA should be a separate and distinct entity from yourself“. Whatever investments you make should benefit your IRA, and not you directly. Your self-directed IRA expert will explain all the details and refinements of this IRS publication.

Conclusion

Investing in an alternative or gold IRA is becoming increasingly popular for the modern investor, as real estate, gold, cryptocurrencies, and so on, can offer a number of benefits to the investor. An alternative investment IRA could safeguard your life savings from bad times and at the same time will give you growth on your investment.

I hope my gold IRA for retirement article has got you covered. If you still have any questions feel free to write a comment and I will answer back.

Gold IRA Frequently Asked Questions

by Nektarios

August 24, 2020

7:29 pm

Leave a comment on Gold IRA Frequently Asked Questions

Gold IRA Investing

401(k), 403(k), custodian, depository, gold, gold bars, gold coins, gold IRA, gold ira faq, investment, ira, rollover

In this Article, I will Answer all Gold IRA Frequently Asked Questions

Are Gold IRA’s Secure?

Gold is a physical possession. Because of this, there is always the chance of burglary. Even putting your gold in an insured vault does not suggest it can’t be taken through break-in or fraudulence. Make sure the business stores its gold in a legitimate depository, such as Delaware Vault or Brinks. Do your research and also make certain the depository where your precious metals are stored, fulfills your standards. You need to be certain your gold is safe and secure.

Is a Gold Individual Retirement Account an Excellent Investment?

Supplementing your profile with a small quantity of gold can be an excellent investment for some people. It’s a smart means to variety, yet you probably should not place your whole retirement plan into a gold IRA. Gold investments won’t pay dividends like supplies, but they’re a way to hedge your bets against the rising cost of living. Typically, talking, gold prices move in the opposite instructions from standard paper investments.

Some also see gold as a typical investment in a globe of extremely challenging cash actions. You’ll see ups as well as downs when looking at gold prices over the last couple of decades, yet they generally trend up, especially throughout an economic downturn. A perfect example of this was the 2008 monetary crisis– the marketplace started favoring gold when other financial investment returns were going down. A monetary adviser can aid you to choose where gold prices are heading at any kind of provided time.

What is a Gold Individual Retirement Account Rollover?

A gold Individual Retirement Account rollover allows financiers to relocate their retirement financial savings into a gold-backed Individual Retirement Account. Brokers that help with rollovers execute the task and also keep your initial financial investments tax-free. Many brokers supply no-fee rollovers, so ask if you aren’t sure of their regulations. You can rollover the list below sorts of retirement accounts:

IRA
Traditional Individual Retirement Account
SEP or SIMPLE Individual Retirement Account
401(k) or 403(k)
Pension.
TSP (Thrift Savings Strategies).
AnnRothuity strategies.

Can I Take Physical Property of Gold in my IRA?

No, you can’t take physical possession of gold in your Individual Retirement Account. It needs to be kept in an IRS-approved facility or bank. You could be based on high charges if you save gold from your Individual Retirement Account in your house. At the end of your IRA term, you can liquidate your gold possessions for cash money or acquire your gold scot-free.

Can I Utilize my IRA to Buy Gold?

You can convert your IRA funds by withdrawing them. Ensure you recognize the terms of your Individual Retirement Account before withdrawing funds, though. Some accounts are subject to charges or taxes for very early withdrawals.

Can I have more than one Individual Retirement Account?

Yes. You can keep a standard IRA as well as also open up a gold Individual Retirement Account or various other precious metal IRA.

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Can I Include Gold I Currently Have Right into my Gold Individual Retirement Account?

Regrettably, no. Even if your gold or other rare-earth element fulfills pureness standards determined by the IRS, including gold you presently have to your Individual Retirement Account violates Internal Revenue Service guidelines. Like other Individual Retirement Account accounts, gold IRAs call for custodians to handle the accounts, consisting of the handling of gold.

Gold and also other rare-earth elements in your gold IRA should fulfill IRS standards. You can buy antiques on your own and keep them, however not in regard to a gold Individual Retirement Account.

What is IRA-Eligible Gold?

Gold needs to fulfill certain requirements established by the IRS to be qualified for use in a gold IRA account. Qualified gold products satisfy minimum fineness requirements of 99.5% purity, are not considered very collectible, and also come from a U.S. mint or an approved international mint. According to the Federal Profession Payment, bullion metals are crafted right into pure bars or coins:

Gold bars: IRA-eligible gold can be found in pure 24-karat bars that evaluate anywhere from an ounce to 400 ounces. It has to have a trademark from a qualified refinery or assayer.

Gold coins: Gold bullion coins are produced for financial investment purposes. Know that proof coins– consisting of unusual coins– are for gathering, not spending.

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Why Invest in Gold IRA?

by Nektarios

August 23, 2020

12:00 am

2 Comments on Why Invest in Gold IRA?

Gold IRA Investing

civil unrest, crisis, gold, gold IRA, ira investment, Regal Assets, unemployment, why gold ira

An investor always wonders whether he/she has made the right decision. In this article I will analyze the importance of a gold IRA investment and why invest in a gold IRA. All financial experts have one basic rule and they always follow it. Never put all eggs in one basket. A self-directed gold IRA is the investment that will definitely ensure your eggs are not all in one basket.

What is Gold IRA Investment

Gold Could Save Your IRA

You may regret if you choose a conventional IRA or 401(k) investment with a bank or brokerage firm. The oncoming financial crisis is expected to decimate traditional investment assets. Stocks, bonds, and so on will see their prices drop substantially. That means your, life savings could perish overnight, and in the end, there won’t be enough savings for you to retire.

Since most IRA accounts are invested in traditional assets, and since all these assets move downwards or upwards together, (correlated assets) there must be another asset that does the opposite.

On the other side gold is a non-correlated asset. (an asset whose value isn’t tied to larger fluctuations in the traditional market) In fact, gold always does well in times of crisis. Call it a financial crisis, recession, geopolitical tensions, war, covid-19, trade war, whatever the case is, gold not only maintains its value but also sees significant gains.

	Black Monday1987	Iraq-Kuwait War1990	Dot Com Crash2001	Financial Crisis2008
Stock Market Decline	-38.9	-22.5	-27%	-34%
Gold Price Results	+5%	+7.5%	+1%	+5%
Gold Outperformed Stocks By Ratio	45:1	31:1	29:1	40:1

More Reasons for a Gold IRA

1-Diversification. There is no doubt that IRAs are suited for portfolio diversification in case, economic and world news cause another drop in the stock market.

2-Protects your investment from inflation. Gold is a hedge against inflation. During the years of the highest inflation after World War 2 (1946, 1974, 1975, 1979, 1980), the average real return of the Dow Jones Industrial Average was -13.33% compared to 130.5% for gold. Now in 2020, we expect inflation to come back. The never-ending money printing by the Fed and the ECB’s stimulus program will trigger a worldwide interest rate explosion.

3-Gold is a tangible asset. Traditional investing is putting money in the stock market, buying certificates of deposit, or buying bonds. These are not tangible assets. In fact, it could take time for you to convert these investments into cash. For example, if you invest in CDs or bonds you may have to wait for a number of years before you receive a return. If you want to terminate your CD investment and wish to withdraw early, you might have to pay a penalty. This is not the case with gold or silver as you can convert your coins or bars into cash immediately, as the demand for precious metals is constant.

4-Increasing demand for gold and silver industrial use. Both precious metals have a growing demand for industrial use. In particular, they are used in smartphones, computers, medicine, and nanotechnology. And if we consider the massive precious metals demand for jewelry, only then we get the full picture.

5-Gold is not a claim on someone else’s liability. Gold has never lost its value for mismanagement, corruption, theft, war, etc. Stocks have. Also, there has never been and never been a haircut to gold as it’s been happening with debts and savings.

6-Geopolitical uncertainty. Geopolitical tensions are growing, the Middle East is still in turmoil. Syria and Iran are under Russian control, and the United States has lost its credibility. Hong Kong tensions never stop, Brexit deal, and North Korea continues to be upset with its unruly behavior.

7-The US-China trade war. There is no doubt the trade war between the two superpowers has interrupted the markets and global economy. The uncertainty these actions cause is good news for gold.

8-The weak dollar. Gold moves in the opposite direction of the American dollar and the dollar has never been weaker. The never-ending money printing will cause the dollar to continue its downward trend. I am afraid the US dollar will be weak for a long time.

9-The COVID-19 caused crisis. The coronavirus has caused an unprecedented financial and economic crisis. The impact of the crisis on the global economy is still unknown. However, what we know is that the economic downturn in Western economies during the second and third quarters of the year will be between at least -15%.

A traditional IRA fund consists of traditional assets. But when you open a self-directed IRA, you are empowered to make your future secure after retirement. The experts will help you to make investment decisions and choose a precious metal coin, bullion, and bars to invest in.

Choosing the Right Gold IRA Company

Choosing a gold IRA company could be a headache. A gold IRA company that respects itself and its clients should not take more than seven days to complete processing and shipping. It should also offer segregated gold storage, a low-fee policy, and a buyback program.

Remember these people will have to handle your savings, therefore they must have a proven track record, and a reputation to follow.

More Gold IRA Benefits

Tax Benefits
Flexibility & Freedom
Investment Diversification
Great Growth Potential
Portfolio Protection from Unexpected Events

Final Words

There is no doubt that we are going through uncertain times. There is an unprecedented economic crisis on the way. Businesses are already closing, the stock market is overvalued and expected to suffer heavy losses, the coronavirus is here to stay and the vaccine will not be available till March or April 2021.

In addition, unemployment is rising and there is social unrest in the community. People are angry because of the economic uncertainty and they do not trust politicians.

A gold IRA is the right investment now. It will ensure that your savings will not perish overnight due to the oncoming crisis.

How to Invest in a Gold IRA – Complete Guide

by Nektarios

May 30, 2020

5:28 pm

Leave a comment on How to Invest in a Gold IRA – Complete Guide

Gold IRA Investing

custodian, gold bullion storage, gold IRA, gold ira company, invest, Regal Assets, retirement funds, rollover

Introduction

Gold is a precious metal that has been used in the past as money. Many wealthy families invest their wealth into gold, to preserve it as gold always held its value and was considered as good as money. Nowadays, investing in a gold IRA is a must. In this article, I will show you how to invest in a gold IRA.

What is a Gold IRA?

A gold IRA is an individual retirement account, an account that functions the same way as a regular IRA account however, instead of holding paper assets, it holds physical bullion coins or bars.

Please pay attention to this how to invest in a gold IRA article to avoid mistakes that could cost a great deal of money later.

Why Invest in a Gold IRA?

There are several reasons to include gold in an IRA account, some of them are:

To protect and preserve wealth from unexpected events. Covid-19 is the best example here.
A hedge when the stock market is not expected to do well. For several months there has been a stock market downturn. Thus, most investors have seen their life savings decimated. However, those who had their savings invested in gold are walking the streets with big smiles on their faces.
Portfolio diversification. It is not prudent to put all eggs into one basket. A smart investor always spreads his/her savings into different types of investments that are not connected. (Bonds, real estate, stocks, precious metals, and so on.)
The weak dollar. I am afraid the dollar will continue to lose strength. Although the decision by the government to print trillions of dollars is the right decision, it will ultimately cripple the dollar’s price.
Loss of confidence in central banks. Over the years governments and dirty politicians manipulated central bank policies. In addition, central bankers just watched them without doing anything about it.
Geopolitical uncertainty. (Middle East, Brexit, ISIS, North Korea, Hong Kong.) Even though ISIS has lost ground, it is still around. The middle East is in turmoil, North Korea has started creating trouble again, Brexit is postponed and in Hong Kong, the conflict is back.
The US-China trade war. The US-China trade war is not over yet. In fact, it is turning out to be a financial war between the two superpowers
Gold has never lost its value due to war, mismanagement, corruption, theft, inflation, and economic and financial crisis, while stocks have.
Gold is a tangible asset that can be converted to cash easily.
Low or negative interest rates. Most central banks around the world have adopted a negative interest rate policy. That means, your dollar is losing value every single day.

How to Invest in a Gold IRA

1-Set Financial Goals for Your Future

It is important for all of us to establish financial goals for our retirement. In my case, am not willing to restrain myself in a lifestyle totally depending on welfare or a small pension. Nobody wants that.

To plan for the future you need to know where you are today, where you want to be, how you are going to get there, and how much is going to cost you. Nothing is free in life.

Your retirement plans could change over time, as your income and knowledge grow. Thus, your plans will need to be flexible in order to adapt to these changes.

2- Choose Between a Rollover, a Transfer, or a Fresh Start?

Once you’ve established your retirement goals, you will have to decide what is better for you. A fund transfer, a fund rollover, or a fresh start with an entirely new Self Directed IRA account.

A rollover is when the money is moved from the current IRA account, perhaps to an account that offers more benefits security, and flexibility, is paid directly to you and you will have to deposit the money in the account that you want. Be cautious there, you will have two months to transfer the funds otherwise your funds will be taxed by the IRS.

A transfer is when the custodian transfers the money directly to the new custodian. In this case, you never see the money and there is no reason for the IRS to tax you as the funds are never made payable to you.

A new Self Directed IRA is also another option. You do not have to close your existing IRA account. In fact, the IRS allows for several IRA accounts as long as your combined contributions do not exceed the annual limit set by the IRS. The process is fast and easy, and your IRA Account specialist will be there to help you every step of the way.

3-Find a Custodian

To have your funds invested in physical gold or other precious metals, the IRS requires you to open an account with an approved custodian. Therefore, you will have to make your own research to find and choose which custodian you want to deal with.

This could be a headache for the ordinary folk but, companies such as Regal Assets are already dealing with the most reputable custodians and can actually take care of that on your behalf. They will actually set up your IRA account and coordinate with your current custodian to transfer the funds.

4-Safe Bullion Storage

According to IRS regulations, you cannot store your IRA precious metals bullion at home. It must be stored in a reputable precious metals storage facility. A precious metals storage facility or depository is a third party that specializes in precious metal security. You can always visit to see and hold your assets at the depository, but as long as they are held in the IRA you cannot take them home.

Regal Assets will organize the discreet transfer and safekeeping of your gold IRA in a depository on your behalf. In fact, Regal Assets partnership with Brinks will offer you segregated storage in several depositories in North America and Singapore.

5-Relax Your Savings are Safe

Once the whole process is finalized you will not have to worry about geopolitical uncertainties, trade wars, financial turmoil, or even the price of the dollar. In addition, a self-directed IRA gives you the flexibility to continue investing in other areas such as real estate or stocks.

Traps to Avoid

Every time there is an issue that involves your hard-earned money, you must be diligent. Fortunately, when it comes to IRA investing, the rules and regulations set by the IRS are strict and there is little room left for any mishaps.

Nonetheless, there have been cases where investors were scammed or cases where due to mistakes, cost investors a great deal of money.

1-Not all gold coins are IRS approved for an IRA account. If you happen to purchase the wrong precious metals coins your IRS account will not be valid. You will have to sell them back and then purchase the IRS-approved coins. In the end, this will cost the investor money. To see what coins are approved by the IRS press here.

2-A rollover situation could also cost the investor a great deal of money if he/she takes over the two months limit to place the funds in the new IRA account. In that case, the IRS will impose taxes on the funds which the investor will have to pay.

3-Overpriced costs. The investor should check charges such as storage fees, shipping costs, administrative fees, and storage conditions. Some companies have a high fee policy for no particular reason whatsoever. They could be annual storage and administration fees and the shipping costs could be huge. These annual fees vary from broker to broker but, they all add up year after year.

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The easiest way to avoid traps is to deal with a reputable gold IRA broker. A broker who’s been around for a number of years with tons of experience has earned the respect and trust of its clients.

How to Choose the Right Gold IRA Company

When it comes to choosing the right gold IRA company one must consider the following:

1-Check out the comments regarding the firm, especially the complaints, and see how these complaints were handled. If there is a long list of complaints, that will be a sign to worry about. Also, take a look at the number of years the company operates, you want ten years of solid record. Finally, most important is to choose a firm with a commitment to keeping you informed. Keeping you informed now and in the future. If a salesperson gives you short shrift or hits you with a high sales pitch, consider this bad news.

Final Words

If you are seeking peace of mind, security, and protection from unexpected events then, a gold IRA could be the solution. Keep in mind, that the stock-market downturn has cost trillions of dollars in the last few months.

Consider this, if you had purchased $33,000 of gold in 2001, you could sell that gold today for around $129,551.12 That’s over 300% return on investment! Has your current retirement account performed as well as a Gold IRA would have?

I hope in my how to invest in a gold IRA article covered all your queries. If you still have any questions do not hesitate to let me know in the comment section.

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