Author Archives: chris

Covid19 and New Rules in 2020 Create Massive Changes To Your Retirement Account

By chris April 12, 2020

buying gold and silver for your retirement account. investing in gold and precious metal investment strategies

With Stormy Economic Times Ahead – Americans with Retirement Funds Are Jumping on Gold and Silver

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2020 has already become a tumultuous and challenging year for investors and is expected to bring continued thrills and chills with the increased likelihood of a slowing financial machine and an oncoming recession. The unfolding of coronavirus and the response to it have taken many thru many challenges, but, the losses from the recent high levels in the markets and the potential for a continued reversal off this recent bump up from the March 23 bottom and potentially bring trillions of greenback losses to those in the stock markets and everyone’s retirement account.

To ease some of the weight, Congress has taken it upon itself to provide a few new advantages to holders of retirement money owed which, coupled with cutting-edge changes and stimulus packages that are set to roll out and help companies and individual during the next 12 months, as well as artificially prop up the market to help spare everybody’s portfolio performances in 2020. However, with the mounting unemployment claims rising in the millions each week in and financing programs being reduced or hard to access for most, the effective of the Federal Reserve’s money printing and handouts are not providing the benefit that everybody is hoping for or expecting. Here are hot points to consider for your retirement plan and how they may be impacted this year in 2020 and what you’ll want to look at out for.

Here’s the good news:

1. No Required Minimum Distributions (RMDs) in 2020

Investors in traditional 401Ks, IRA, and comparable retirement debts recognize that they’re required to begin taking RMDs at a certain age. Until the current day, the age was designated as 70 ½ years old. However, Congress finally handed out a nice little act of comfort as as a part of an omnibus spending bill, raising the RMD age to seventy two. That bought investors some extra time and peace of mind to grow their nest eggs longer than they have been required to begin taking RMDs and paying taxes on their distributions.

Because of the terrible average performance of most retirement accounts and the hardships imposed through the coronavirus and accompanying stay at home policies and increasing unemployment rates, Congress has waived the RMD requirement for 2020 in its modern-day stimulus bill. This means that folks who ought to have needed to take RMDs this year don’t have to. Of course, in case you nevertheless need to take a distribution from your retirement payments, you can do so, you would genuinely pay the regular taxes you will otherwise need to pay. And as with any tax topics, make certain to consult with your tax adviser to find out how this might impact you.

2. Penalty-free Distributions

One of the biggest issues and and troubling rules of retirement accounts is the penalties that come with early withdrawals, i.e. folks that take a distribution in advance of being 59 ½, incur a ten percent penalty on top of taxes owed. That’s to deter those not yet in retirement age from treating retirement money owed like ATMs.

The CARES Act stimulus bill lets folks suffering from the corona virus to take an early withdrawal in any amount up to $100,000 from their IRA retirement account without having to pay the early withdrawal penalty. You will nevertheless still have to pay taxes on those distributions, however they may be deferred up to three years to pay those taxes, and that they also can return the money or pay back the money that was taking out of their IRAs within 3 years and keep from having to pay taxes on the distribution.

The corona virus is already torturing us enough – and each person’s circumstances are different. Whatever you plan to do with your IRA, we of course make the recommendation that you seek advise from your tax specialist so you understand the implications and find out how making an early distribution may affect your taxes and penalties.

3. Higher 401K Borrowing Limits

Retirement account holders can now borrow as much as $100,000 from their 401K retirement account, double the amount they had been capable of borrow formerly. As with IRAs, the 10% early withdrawal penalty has been waived. And yet again, this is supposed to be those that bave been affected by the coronavirus, so make certain to speak with both your tax adviser and your 401(k) plan administrator in advance of taking money out against your retirement account.

Here’s the bad news:

Unfortunately, with the good news that comes with the recent stimulus package and new rules, there are a few big drawbacks that come with it as well.

1. Increased Inflation

Adding a whopping $2 trillion to the national debt within the blink of an eye in an attempt to fix the stock market as well as prop up the Federal Reserve’s balance sheet due to its new Quantitative Easing (QE) programs and adding billions of dollars to the nightly repo markets, its practically guaranteed that the result will be greater inflation.

When looking back to 2008 you may notice that the financial stimulus did not really produce much, if any inflation and are probably thinking there will not be any inflation this time around either. However, you have to consider that the Fed’s QE back then was largely neutralized by way of it showing up on the banks and financial institutions as additional monetary reserves. However, considering that is not the case here and a lot of this money is circulating throughout the market and economic machine to acquire assets and increase prices, which creates the enviroment for there to be increased inflation a very likely reality.

2. Bigger Bailouts

The CARES Act become simply step one that Congress took closer to bailing out the United States with over $2 Trillion dollar, now there’s talk of a $2 trillion infrastructure stimulus package in additional to checks being written out to people all over the nation. Now that the precedent has been set, there’s no cause for Congress no limit it further spending more money. Seriously, what’s any other trillion dollars to a country that’s extensively in debt already which is expected to shoot up well over $25 trillion this year? So long as the Fed keeps printing money and people appear to be OK with that, people and businesses will continue to ask for and take more and more handouts to keep the party going.

3. Its the Wild West out there! – What’s next?

As it currently stands, no one knows how long the prolonged corona virus lock-downs will last until, or what the economic impact will be and when it turns around. With that being said – Congress will practically do anything to seemingly fix it, regardless of what the long-term consequences are. More stimulus checks for people. More big bailouts to companies that go bankrupt or declare monetary damages to their business from the downturn of the economy. While there is still a lot of uncertainty and it will realistically take years for all of this to unwind into a new normal – basically anything goes and nobody knows right now…

Congress is so scared right now and only sees the immediate term issues which results in them writing checks now and not necessarily how they will be paid for later. However, the only reality in this scenario is that we’ll all be paying for it later with increased taxes, or increased prices for goods, particularly with a devalued US Dollar that has been printed to infinity with trillions of new money floating around. We are definitely in strange times where money can be manufactured and circulated into the market in quantities that make this event the single largest act of socialism in world history, and don’t really think about or consider the consequences. Throughout history and repeated many times over, wanton money printing, massive debt overhangs and inflation together do not end well, and we will all have to face the music when that happens, unfortunately to the detriment of many people.

In all honesty, the government is only able to do so much as to help with the economy, prop up the stock market, and help people from tax and regulatory issues. At some stage of all this, the reality of it is that we’re responsible to take care of ourselves and we can’t “control” the market or how we have to be the ones responsible for managing and maintaining the value of our investments. Unless you’ve made smart choices to protect your assets, like investing in gold and silver, and having diversification, many people will be at risk of losing huge portions of their retirement account as the market continues to slide into a full-blown recession.

Protect Your Retirement Account & Fight Inflation – Invest In Gold

By chris June 16, 2014

Gold (and Silver) is the perfect investment to make to protect your retirement account, fight inflation, and to diversify your portfolio. Invest in physical assets outside of stocks, bonds, and mutual funds.

Investing in gold has been considered to be one of the most stable and appreciating investments over the long term and gold is one of the safest investments to make during times of economic uncertainty. In addition – gold prices are expected to increase for many years to come, particularly if any of the following events occur:

• Stock Market Volatility, Declines or Failure
• Unemployment remains relatively high or increases
• Currencies fail (including foreign currencies)
• Inflation and our National Debt continues to increase
• Instability and the threat of war amongst foreign nations continues to rise

We understand that there are arguments against investing in physical gold or silver such as:

Gold and Silver bullion and coins do not pay a dividend
Gold and Silver prices can be volatile and make significant moves similar to what recently took place in late 2014

However, if you think about the long term nature of your investments, the importance of diversification, and optimizing your portfolio for good times and bad – most reasonable investors and professional money managers typically have at least a small portion allocated to gold or silver in the 5% – 10% range.

Why Gold is perfect for your retirement plan and investment portfolio:

Simply put – gold has been a store of value for thousands of years and has been accepted as a form of money. All currencies that have ever been in existence have failed over time with gold being the only survivor. Physical gold and other precious metals such as silver and platinum, cannot be printed, cannot be manufactured, is durable, and is accepted on a global scale as a form of currency or value. Gold is the perfect savings vehicle and can easily protect your portfolio and retirement account from major market downturns.

Investing in gold and placing a portion of your retirement savings into gold and other precious metals is a smart move no matter how you look at it. In fact, major countries like India and China have been buying gold like crazy, and many billionaire investors and hedge fund managers such as Jim Rogers, George Soros, John Paulson, and Carlos Slim, have been heavily investing in gold. Obviously, they have a strong understanding of the global markets and our current economic state and have turned to gold for good reasons. In addition, China and India alone have consumed more than 50% of the world’s gold on average for each of the past four years during 2010 – 2013.

Setting up and establishing your precious metals retirement account:

Working with PremierGoldIRA and professional gold investment firm RegalAssets – you can easily establish a precious metals IRA account which can be initially funded by rolling over a portion or all of an existing IRA, 401K or 457 account, annuity, or other retirement plan. The first step is to simply contact one of our investment professionals to discuss your specific situation and to get you started – call us today at 855-485-0088 (toll-free) or sign up below. Just for signing up or calling us – RegalAssets will provide a free Gold Investors Kit while limited supplies last.

In fact – a recent cable was leaked by the famous WikiLeaks website, which reveals the real reason behind China’s increasing ownership of gold. In short – it showed that China’s main intent is to make significant gold purchases for the purposes of weakening the U.S. Dollar.

“The U.S. and Europe have always suppressed the rising price of gold. They intend to weaken gold’s function as an international reserve currency. They don’t want to see other countries turning to gold reserves instead of the U.S. dollar or Euro. Therefore, suppressing the price of gold is very beneficial for the U.S. in maintaining the U.S. dollar’s role as the international reserve currency. China’s increased gold reserves will thus act as a model and lead other countries towards reserving more gold.” – Leaked Wikileaks Cable

Setting up an account is very easy and can be done over the phone and through email. In most cases you can easily transfer a portion or all of your existing retirement account. In order to qualify for a rollover of your existing IRA or other retirement account – you must not be employed with the original company that sponsored your retirement account. Once your account is established, which will be a self-directed IRA – it can be funded by making new contributions or from additional roll-overs. If you prefer not to use a self directed IRA account – you can always purchase precious metals on a direct basis just like thousands of investors already have.

To set up your GOLD IRA Account and learn more – Call a Gold investment professional today at 855-485-0088 (Confidential toll-free call).

Its time to take control of your finances, fight inflation, and protect your retirement account – Invest in precious metals Today! Just Call 855-485-0088 toll-free to get started.

Buying Gold (or Silver) For Your IRA

By chris April 1, 2014

Buying gold and silver for your IRA is a lot more easier than you think it would be. In fact, thousands of people have done it and its probably one of the best decisions you can make to help solidify your long term investment retirement account.

PremierGoldIRA has a special relationship with one of the leading gold investment companies in the United States (Regal Assets) – where we actually assist you and will take care of all your questions about investing in gold and silver. However, only certain types of precious metals can be invested in that qualify for your IRA, and you have to follow the proper steps. We will walk you through the entire process, step by step so you get it done right.

Gold and silver bullion for IRAs were approved in 1997. Previously, the only accepted forms of physical gold or silver for IRAs were American Gold Eagle coins and Silver Eagle coins. When the rules were expanded to include bullion – this was especially beneficial to all types of investors, particularly those who prefer silver as they could own silver bars which carry much smaller premiums than Silver Eagle coins. The types of precious metal was also expanded to include Platinum and Palladium for IRAs.

One of the biggest factors in qualifying precious metals and buying gold for IRAs is their quality, or purity level. Purity levels of 99% or more are required, particularly when it comes to gold and silver coins. For those that prefer gold, typically can purchase Golden Eagle coins, although there are many other options. The same goes for silver – the purity level needs to be high, 99% or better, an must be at least .995 fine (99.5% pure), and be considered legal tender coins.Silver Eagle coins are very popular for investing in IRAs.

Kruggerands Not Approved For IRAs
Believe it or not – Kruggerands are not approved for investment in IRAs. They are only 91.67% pure, while other popular gold coins such as the Mexica 50 Pesos coin (90% pure) and older US gold coins are only 90% pure, and not acceptable investments for IRA accounts. Buying Gold Eagles or bullion is certainly the better choice.

Buying Gold and Silver Bars for IRAs

Bullion bars sell at much smaller premiums as compared to the counterpart in coins, which make them ideal for investing in your IRA. Gold and silver bullion bars are typically found in 1-oz, 10-oz, kilo (32.15 ounces), 100 oz, and 1,000 oz (for silver). While the regulations call for a minimum quality level, or purity, of 99.5%, most gold and silver bullion bars are 99.99% pure. Buying gold or silver bullion bars will give you more out of your money as bullion has less premium than coins, and the larger the denomination, the lower the premium typically is.

buying gold and silver

Silver Eagles are Approved for IRAs

One ounce American Silver Eagle coins are one of the only silver coins specially approved and accepted for IRAs. Although coins typically have higher premiums than bullion, buying coins is a great alternative as they can be utilized easier in transactions, may have some numismatic value, and is easily transported. In addition, holding coins with smaller denomination of “one dollar” or “one ounce” are more easily transferred in financial exchange than if you were to have a 10 ounce bullion bar. Another quick thought to consider is that older Silver Eagle coins may come with less of a premium and be a good alternative for investment, however, coins older than 1965 only have a 90% purity level and are not approved for IRAs.

Platinum and Palladium Approved for IRAs

Another big change mentioned earlier is that platinum and palladium were added to the precious metals accepted list for IRAs in 1997. While these two metals have become popular over the years and are good alternatives to gold and silver for the sake of diversification within precious metals themselves, we strongly suggest that you get familiarized with investing in gold or silver first before thinking of other metals.

While it really does not make a big difference in the grand scheme of things, one also has to take into account that gold and silver are considered monetary metals, while platinum and palladium are considered industrial metals. We believe monetary metals offer a better level of liquidity and pricing transparency than industrial metals and suggest that gold and/or silver be the best starting point.

We make it easy!

If you’re interested in learning more about buying gold and silver for our IRA – give us a call today at 855-485-0088, click here to go to Regal Assets, or fill out the simple request form to the right.

Investing In Gold – Videos

By chris March 13, 2014

Here are two videos about investing in gold that we believe are very helpful & informative:

This first one is actually a video testimonial:

This next video is actually from the World Gold Council and discusses the trends of investing in gold that came from the full year of activity for 2013. This video has some great statistics and tidbits of information that we believe any gold investor would be interested in. Check it out:

We’re here to help you understand more about investing in gold and how it can help you with securing your retirement, diversifying your portfolio, or to hedge against inflation. Please check out our other resources listed below, click here to learn more, or call a professional gold investment representative today at 855-485-0088.

Making An Investment In Gold For Security

Gold IRA Investing

Billionaires Are Investing In Gold

Price of Gold Today

Making An Investment In Gold For Security

By chris March 6, 2014

Make An Investment In Gold For Financial Security & Diversification

Volatility in the marketplace has been a common theme these past few years. Stocks and the general monetary system have become more and more dependent upon the US Federal Reserve System pumping dollars into it by printing more. With each dollar that is printed – our currency gets diluted further and debased in value. As the Federal Reserve continues these actions – we come closer to the point where inflation kicks into high gear. That is why now, more than the last several years – its extremely important to consider making an investment in gold.

Here’s a picture of the effects of inflation over the long term. Yes – its a grim picture, however its the reality of this situation:

Gold and other precious metals such as silver have been a store of value and monetary exchange for hundreds of years – outpacing every currency in the world ever known to mankind. Making an investment in gold is also a great way to add diversification to your portfolio as well as moves you into physical assets instead of paper assets such as stocks, bonds, mutual funds, and ETFs.

Investing in precious metals, namely gold and silver, offers many benefits for your investment portfolio and provides these characteristics:

Gold and silver can be widely used anywhere in the world
Gold and silver is a finite commodity and cannot be manufactured
Gold and silver is easy to transfer through inheritance
Gold and silver offers protection against stock market swings and bank failures
Gold and silver comes with no management fees or reporting requirements

While gold has made a great move during the past several years, topping out around $1,900 per ounce, half of those profits have been given back to the market during the past few months where prices are currently around $1,350 per ounce. This makes an investment in gold very attractive to consider right now. The long term trend for gold is up, the fundamentals of our economy point to inflation and further financial instability – both of which are expected to push the price of gold up significantly. One of the best ways to invest in gold and help secure your financial future is through a Gold IRA. Investing in gold through your IRA provides additional tax benefits and provides a secure and safe way to invest in physical gold.

The writing is on the wall relative to our economy – with our continued dollar printing press, instability in other countries around the world, and more and more countries like India and China investing in gold and facilitating international trade in their own currency instead of he US dollar – inflation and more market volatility is inevitable.

The best way to improve your financial security for yourself and your family is to become more informed and to take action now.

Professional precious metals experts are available to take your call today to answer all of your questions and discuss the various options you have for investing in gold and silver. If you call today – you can receive a Gold Investor’s Kit for Free.

To learn more – simply call our toll-free number at 855-485-0088 or fill out the form in the upper right corner of our website. The call is completely confidential, and there is no obligation at all.

To read more about investments in gold – here are a few articles:

Gold IRA Investing

Today’s Price of Gold

Billionaires Are Investing in Gold

Buying Gold For Your IRA

Billionaires Are Investing In Gold

By chris February 25, 2014

The Smart Money Is Investing In Gold

You know the old saying – “Follow The Smart Money” – well folks, we thought we should share with you where several billionaires and their hedge funds are allocating their capital – you guessed it – they’re investing in gold.

Billionaires and major countries like China and India are all allocating their dollars in gold to help secure their financial future.

investing in gold

Billionaires, hedge fund managers and countries alike are buying gold. Here are some of the reasons why they choose to invest in gold:

Gold can be widely used anywhere in the world
Gold is a finite commodity and cannot be manufactured
Gold is easy to transfer through inheritance
Gold offers protection against stock market swings and bank failures
Gold comes with no management fees or reporting requirements

investing in gold - rogers

investing in gold - einhorn

investing in gold - klarman

Here are a few reasons why you should be too:

The value of gold has remained steady over time, and has outlasted every single currency known to mankind.
Gold is a known store of value and a safe haven against inflation and financial crises.
Gold has consistently outperformed stock market, real estate and currency investing since the US went off the gold standard in 1971!
Long term gold prices have trended upward for the past 10 years and experts expect them to continue rising!
You protect yourself against the risks of investing solely in stocks, bonds and mutual funds (paper assets) that can easily be manipulated!

So, what can you do to protect, and even grow, your wealth today?

Investing in silver and gold is easier than ever before. There are so many reasons to invest in precious metals and so many more examples of famous people, billions and countries alike that are piling up.

The real question is why haven’t you invested in gold or silver yet?

Are you not sure how to do it?
Do you have questions or concerns that you want answered before you make a decision?
Is your investment portfolio protected from inflation and doing so well that you don’t need to?

We understand your hesitation and that’s why we’ve created this website and provide direct access to gold investment professionals from one of the leading gold investment companies in the US (Regal Assets).

We Make It Easy With A Simple 3-Step Process:

Call Us toll free to ask any questions you have. There is absolutely no obligation.
If you decide to make an investment – Buy the Gold or Silver that is best for you
Let us help you set up a Self-Directed IRA with an IRA Custodian

Call today at 855-485-0088 (toll-free) or click this link to directly speak with a professional gold investment representative to answer your questions and claim your FREE Gold Investors Kit.

Gold Price Today

By chris February 11, 2014

The gold price today is provided in the chart below. Gold has been a store of value for several thousand years and is the oldest form of monetary exchange still in use today, out pacing every currency ever known to mankind. Gold is a precious metal commodity that is bought and sold daily on various trading exchanges on a world wide scale. In term of gold prices, they are provided on the basis of one ounce (1 oz.) of gold as the international standard of measurement.

Gold Price Today (Chart):

Gold Price Today – Chart

(chart provided by goldprice.org)

In addition, there are numerous other resources available on this site that discuss gold ira investing, buying gold and even self directed IRAs.Whatever your interests are regarding gold investments, you can find it here on Premier Gold IRA.

Investing in gold has become easier than ever before and Premier Gold IRA works with the leading gold IRA company. If you want to invest in gold through your retirement account or rollover an existing IRA into a precious metals or gold IRA, professional advisers are available right now to help you and to walk you through the simple process.

The current Gold Price has recently been trading in the $1,200 – $1,300 range for the past couple of months and believe its poised to make a nice move up again. There has been renewed interest in the shiny metal and many economic indicators, including the recent uptick in oil show strength in the market with many new investors buying.

We understand that you might be thinking about investing in gold and are just not sure what to do, or how to invest in gold the right way. Your concerns and questions are the exact reason why we created this website and aligned ourselves with one of the best gold investment companies in the industry – to help you get educated about investing in precious metals and to give you the resources and access to professionals that can answer your questions, help explain the various options about buying gold and silver, and provide the assurance that you’re making a great investment choice.

Professional advisers are waiting to assist you today and answer your questions about buying gold and silver. Call our toll-free number at 855-485-0088 for a free confidential consultation – there is no obligation and we’ll send you a Free Gold Investors Kit just for calling.

Here are some additional resources that you might find helpful:

Gold IRA Investing

Self Directed IRA

Gold IRAs

Billionaires Are Investing In Gold

Gold IRA Investing

By chris February 10, 2014

At Premier Gold IRA, we’re here to help you learn and understand the ins and outs of gold IRA investing since in many cases, it is something new that people have a lot of questions about. As with any IRA account (individual retirement account), a gold IRA is simply where you invest in physical gold as part of your investment portfolio. Instead of investing in stocks, bonds and mutual funds, investing in gold helps you to diversify your portfolio by adding a new asset class (stocks and bonds are different types of asset classes), in addition, gold acts as a hedge against inflation, and gold has acted as a store of value for thousands of years, more than any currency, stock or bond known to mankind.

Gold IRA investing entails the purchase or investment of physical gold for your IRA. Physical gold, which we explain in further detail in another article, comes in two basic forms – coins or bullion bars. The vast majority of all gold coins and bullion that are purchased for gold IRA investing come in denominations of one ounce (1 oz.) which is considered to be the international standard of weight measurement when it comes to precious metals.

Gold IRA Investing – Getting Started

Investing in a gold IRA requires you to have three simple things which we can help you get set up. The first thing that is needed is a self directed IRA – this is specialized structure that is set up as part of your IRA that enables you to make investments in things other than stocks and bonds, principally in things like gold and silver. The second requirement that you will need is to have a custodian that helps manage and maintain your self directed IRA. Similar to how your brokerage account manages your current IRA, the custodian manages your self directed IRA. And last but not least – the third thing you need is to purchase some gold to complete the “investment” portion of your gold IRA.

The custodian can also act as the depository of the gold so it is held in safe-keeping on your behalf in a secured and protected vault. This helps to insure that your investment is safe and eliminates the risk of it being lost or stolen in the case where people leave it stashed somewhere i their house. Similar to a bank, the depository acts as your gold bank where it stores and keeps your physical gold investment safe that is assigned to your specific account.

Working With A Real Gold IRA Company

Premier Gold IRA has conducted extensive research on gold IRA investing and purchasing precious metals for the benefit of creating our service and connecting you with the best Gold IRA company. While there are numerous companies making claim to be a gold IRA company, many times they are acting as mere brokers or consultants, or are a small company that has limited resources. Investing in your retirement plan is serious business and we want to make sure you are taken care of by a real official gold IRA company – one that has the highest rating with the Better Business Bureau, a company that has fulfilled over $100 million in gold purchases, a company that will give you investing options and has been built to serve you and walk you through the entire gold IRA investment process.

To Learn More and Get A Free Gold Investor’s Kit – Call Toll-Free Today at 855-485-0088 or Fill Out The Form On The Upper Right To Submit Your Contact Information – A Professional Adviser Will Contact You Soon.

Check out these other Articles for more information:

Billionaires Are Investing In Gold

Self Directed IRAs

Today’s Gold Price

Gold IRAs

Self Directed IRA

By chris February 10, 2014

Setting up your gold IRA account requires you to have a Self-Directed IRA account as mentioned in our Gold IRA Investing section.

A self-directed IRA (Individual Retirement Account) is a structured investment account that places the investment decisions on the investor or account holder, or who directs those investment decisions to a trustee. The rules of a self directed IRA are made by the IRS similar to regular IRA accounts and 401Ks.

There are certain requirements that come with a self directed IRA that must be met in order to maintain the account. First, a custodian (usually a bank or financial institution), must hold and segregate the investments separate from its funds. The custodian’s job is to maintain your assets in a secure manner, provide you with the necessary paperwork and reports to help maintain your self directed IRA and to understand the rules and how the account works, as well as to file all required reports with the IRS to keep your account in compliance.

While most custodians can offer a variety of allowable investment options that qualify for a self directed IRA, most investors choose to make investments outside the typical investments such as stocks, bonds and mutual funds, which is usually why they chose to take the self directed IRA route to begin with. The Internal Revenue Service (IRS) allows a wide variety of investments that can go into a self directed IRA, however, there are also several types of investments that are not allowed.

Prohibited Investments

The IRS prohibits investments in life insurance and in collectibles such as artwork, rugs, antiques, gems, stamps, alcoholic beverages (ie: wine collection) and certain other tangible personal property. However, the IRS does allow certain types of precious metal bullion and coins minted by the United States Treasury – which brings us to your gold IRA account.

Permitted Investments

One of the biggest benefits of the self directed IRA is the wide array of investments it does allow. Going beyond your traditional investments provides you with diversification that you could not obtain in your regular IRA account. For instance, real estate held in the US and internationally is allowed and includes many types such as raw land, commercial, new construction, passive rental real estate, residential, mortgages, farmland, and the like.

In addition to real estate, other allowable investment types include franchises, partnerships, start-ups, hedge funds, commercial paper, United States treasury Bills, and practically any type of for-profit business that is managed by someone else qualifies to be used in a self-directed IRA. Having the flexibility to go beyond stocks, bonds and CDs and not being locked into banks and brokerage firms is by far the best feature of this special type of IRA.

Investing in Precious Metals

A common use of self-directed IRAs is that they can invest in precious metals such as gold, silver, and platinum. Most government minted coins from both the United States and most other established countries such as Australia, the United Kingdom, Hong Kong, and China (American Eagles, Australian Nuggets, etc.) are permissible. Precious metal bullion is also allowed if it meets certain levels of fineness (typically .999 or 99.9% or better), and is produced by a COMEX or NYMEX approved refiner. In addition, for coins to be held inside an a self directed IRA, they too must also meet a certain level of pureness in their precious metal content. When a self directed IRA purchases precious metals as an investment, the coins and/or bullion must be held by a third-party custodian.

Working with a Custodian

Traditional custodians, which are usually banks and brokerage firms, may not be very receptive to a self directed IRA, particularly being that they do not hold typical investments such as stocks, bonds, or mutual funds. However, investing in precious metals requires you to use a custodian who puts your best interests and the safety of your investment as a first priority.

If you have a traditional IRA or a Roth IRA and your current account custodian does not allow or manage self directed IRAs, you can rollover or transfer your account into a self directed plan without any penalties by working with a custodian that does and specializes in managing these types of accounts. In addition, transferring your account does not require you to sell any of your assets – even old 401(k) accounts can be transferred over.

One of the primary responsibilities of the custodian is to maintain your account so it remains compliant with IRS regulations. When you open a self directed IRA, your relationship with your new custodian is very important as they become a financial partner that holds your investments. In addition, being that they charge fees for their various services, which you will typically pay for annually, choosing a professional and well managed custodian is very important.

Every time you choose to make an investment with your self directed IRA, its always best to check first with your custodian that it is allowable and fits within the regulations of the IRS. Since you are paying the custodian for their services, it is worthwhile to have their involvement when making an investment decision and also helps to tap into their expertise and years of experience. Lets also consider that cheaper is not always better – experience and professionalism usually come at a premium and when it comes to your investments, it usually makes sense to work with someone that knows what they’re doing regardless of the small incremental cost.

Conducting certain transactions with your IRA can render it null and void and put you on the hook for all income taxes owed. Examples of some of the transactions that can disqualify your self directed IRA include:

Borrowing money from it.
Selling property to it.
Receiving compensation for managing it
Personally guaranteeing an IRA loan
Using it as security for a personal loan.
Buying property for personal use (present or future) with IRA funds.

So work closely with your custodian and make sure they are staying on top of all the current rules and regulations mandated by the IRS so you stay in compliance.

Make it easy on yourself and work with a trusted Gold IRA Company that has been doing this for years and has helped thousands of people. Call our toll-free number today (885-485-0088) for a private consultation with a Gold IRA professional to find out more and to get a Free Gold Investor’s Kit.

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Self Directed IRAs

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Gold IRAs

By chris February 10, 2014

Gold IRAs have become one of the hottest trends in investing during the past couple of years. As people continue to have a need to diversify their investment portfolios while also taking advantage of the tax benefits that come with an IRA account, setting up Gold IRAs that help to secure your retirement and offer you more flexible investment options is a great opportunity to take advantage of.

Gold IRAs are actually set up as a self directed IRA which is a specialized structure that is similar to but aside from the traditional IRAs that most people are accustomed to. A self directed IRA puts the investment decisions in the account holder or investor’s hands in addition to offering the ability to invest in a much wider variety of choices such as precious metals, real estate, private companies, and the like. With a self directed IRA – you gain more power over your investment choices.

Setting up a gold IRA account can be done quickly and easily with an investment professional that is experienced and has set many of these accounts up before. We provide you direct access to the leading Gold investment company in the United States that has sold well over $100 million in gold over the past couple of years.

Once you have your gold IRA set up – the next big step is actually making a decision on the investment that you will be making for it. Even though its a “Gold IRA” you still have the option to invest in other qualified precious metals such as silver and platinum, as well as invest in bullion or coins. Considering the various options and taking into account your investment preferences and objectives – working with a gold IRA professional during this process is critical in making the best investment decision for yourself.

Here is a video from a well known celebrity, Alan Thicke, who recommends using the same company we are partnered with for helping you set up your Gold IRA Account (Regal Assets).

Investing in gold through a self directed IRA is easy, especially when you have the assistance of a professional gold IRA company that has successfully helped thousands of people do this over the past few years.