SELF DIRECTED GOLD IRA
A gold IRA or precious metals IRA is an Individual Retirement Account in which physical gold or other approved precious metals are held in custody for the benefit of the IRA account owner. It functions the same as a regular IRA, only instead of holding paper assets, it holds physical bullion coins or bars. Precious metals IRAs are usually self-directed IRAs, a type of IRA where the custodian allows more diverse investments to be held in the account.
The four precious metals allowed to be held in an individual retirement account are gold, silver, platinum and palladium, provided they are in the form of IRS-approved coin or bar products. Since gold is the most commonly purchased of the four, the overarching term "gold IRA" is used most often as industry slang to mean a retirement account containing any combination of precious metals. Other terms such as, "precious metals IRA", "silver IRA", "platinum IRA", or "palladium IRA" are also frequently used.
Investors often use precious metals as a long-term hedge against inflation, to diversify their portfolio. Internal Revenue Code requirements state that the approved precious metals must be stored in a specific manner. Some trustees have their own facilities to hold the physical precious metals, while others use a third party metals depository as a storage facility.
Why Invest in a Gold IRA?
That’s not uncommon to see, since most investors invest for retirement through employer-sponsored retirement plans that only offer the ability to invest in various funds. Or they invest through mainstream brokerages that will offer everything under the sun, as long as it’s securitized. That means stocks, bonds, mutual funds, exchange-trade funds (ETFs), and asset-backed securities, but no actual physical assets like precious metals, commodities, or real estate.
Because of that, many investors don’t know how easy it can be to invest in gold, and particularly through a gold IRA. Because a gold IRA is a tax-advantaged investment account just like any other IRA, and is subject to the same rules, it allows investors with existing retirement assets to easily invest in gold. There are five primary reasons for investors to invest in gold through a gold IRA:
How to Invest in a Gold IRA, in 3-Easy Steps.
Setting up a gold IRA isn’t much different than setting up any other IRA. It just requires funding and adhering to IRS regulations regarding retirement accounts. And the entire process can be done in just 3 five easy steps.
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What Clients Say
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Richard and the folks at Huntington Alternative Wealth were very educational. I called a few other gold companies and was put off by aggressive salespeople. The team here was really helpful and didn’t rush me into doing business.
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