This Fully Interactive Online Webinar Could Change The Way You Retire!
If you have $100,000 or more in savings, a 401k or IRA, the secrets revealed in this free webinar could not only see your retirement account survive these troubled times - but thrive.
I've used Bullion.Directory for years but was locked into a 401k that couldn't hold gold. This webinar was a real eye opener and their gold IRA rollover process was painless.
We've just finished the webinar and I was very impressed with the whole service, from the information given, your patience in answering all my questions and lack of any selling.
Very professional and insightful, quite literally zero pressure just facts. All follow up was supportive and helpful. Highly recommend the presentation and company.
When it Comes to Protecting Your Retirement, Knowledge is Power
There has never been a time when our IRA and 401k accounts were more at risk than where we are now in 2022.
But with the right knowledge, some industry know-how and a few secret (legal) loopholes, ordinary Americans could potentially protect or grow their savings even if the markets crash and burn...
...with the potential of consistent capital growth if they don't!
Introducing Your Host -
For this interactive webinar, Bullion.Directory chose to work with leading industry expert Devlyn Steele because of the way he can take complex market analysis, financial forecasts or inscrutible tax code - and break everything down into an easily understood and simple to action format.
Harvard trained and published author, Devlyn is currently director of education at Bullion.Directory's top rated Gold IRA specialists Augusta Precious Metals, Bullion Dealer of the Year for customer service and GoldIRAbuyer.com's top HNW choice.
What You'll Learn Can Save Time, Money and Stress!
Take control of you future - get this important information today - at zero cost or obligation.
If you've already saved $100,000 or more, these critically important details could have a major impact on your own retirement. The greater the value of your savings the more ugent the need...
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What is a Gold IRA?
A Gold IRA can form an important element of any diversified portfolio, helping hedge a retirement plan from risks of market downturn and financial crisis.
As a special form of Self-Directed IRA, not only does gold in an IRA protect wealth, Gold IRAs are one of the most tax-advantaged routes to buying gold and silver.
In the crash of 2008, while millions of IRA accounts dropped by 50% or more, precious metals soared in value, hitting a then all-time high.
More recently when the effects of a global pandemic were wreaking havoc in financial markets, gold once again hit new record prices helping to stabilize and protect retirement accounts whilst others were flat-lining.
Thanks to little-known IRS rules, some gold and silver investments can be bought or sold tax-deferred or tax-free when inside of a Gold IRA, giving higher rate taxpayers up to 37% more purchasing power, or gain at time of sale.
With a power to protect and grow - and a tax-advantage when doing so - it's little surprise Gold IRAs have become a multi-billion dollar success story.
The Gold IRA Rollover
A gold IRA rollover is a tax efficient way to add precious metals to your retirement portfolio
If you’re looking to add gold to an existing retirement account you'll need to use a gold IRA “rollover” or transfer.
It’s important to have a good grasp of how a gold IRA works – the gold IRA rollover process, either as part of a DIY approach, or to better track your IRA provider and custodian’s progress (and see just how they earn their fees!)
Provided IRS rules are followed, the rollover process is simple - and using the skills of a gold IRA specialist will ensure it’s completely painless.
But before getting started with an IRA rollover, you need to ask yourself is gold in your IRA the right asset for you?
Gold is a proven hedge against risk and stock-market crashes and has been seen to maintain spending power across millennia – despite sometimes high inflation. This is why gold is so popular as a wealth-preservation tool among the wealthy, and why it forms the bedrock of most central banks’ assets.
But for all gold’s great advantages, there is an inescapable fact – it doesn’t pay interest or dividends.
Instead it acts as a stabilizer for more risky portfolio elements and because it will typically rise in value when paper assets decrease, it helps take away the pain of financial crises. In 2008 while the markets crashed and burned, gold saw massive growth.
By way of an example, a $33k gold IRA taken out in 2001 would have been worth $175,155 by 2013, while a paper-backed account would have struggled to $42,570 as the markets began a slow recovery post-crash.
And thanks to inflation, by 2013 you would have needed $43,432 to achieve the same spending power as that original $33k in 2001 – meaning the stock-market investment would have made an overall loss in real terms. A loss, versus a 430% profit with gold.
What is a Gold IRA Rollover?
You carry out a gold IRA rollover if your existing retirement plan is unable to contain physical precious metals.
When the IRS relaxed rules on bullion in retirement funds, precious metals immediately became an essential part of many retirement accounts. However even today a number of accounts can’t or won’t accept physical gold, hence the need for a rollover.
In essence a gold IRA rollover consists of three simple stages
Gold IRA Rollover Step #1: Select a custodian / trustee to accept your rollover.
Bullion.Directory lists 116 gold IRA specialists, some of which are metals dealers, some attorneys and some custodians, but any one of them will be able to set up an IRA tailored to allow tax-free investment in physical bullion.
To get started you fill in a simple form to create a suitable new self-directed IRA account (now known as a Gold IRA) – which will then be active in 2-5 days, sometimes sooner.
Gold IRA Rollover Step #2: The rollover of funds
You now take a distribution from your existing retirement plan. You can ask your plan administrator to make the payment directly into your newly set up gold IRA. Alternatively the administrator will issue your distribution in the form of a check made payable to your new account. Either way there are no taxes withheld from your rollover.
Gold IRA Rollover Step #3: Buying precious metals
Now the fun part! It’s time to select the precious metals you want to buy for your gold IRA.
Specialist IRA gold dealers will help advise the best metals to buy in line with your needs (some portfolios can be built with an eye on potential capital appreciation as well as wealth protection) and lock the prices at a rate you’re happy with. After this selection process your trustee wires the funds to the dealer.
Secure delivery sees your metals delivered directly into your trustees vault at a chosen depository and that’s you – you’ve completed a gold IRA rollover!
When and why would you use a rollover?
Ordinarily*, a distribution (withdrawal of funds) from a retirement account is a taxable event. The amount of the distribution is added to your income for that year and taxed at your standard rate.
By rolling over your distribution from one plan to another or carrying out a direct trustee-to-trustee transfer, you generally don’t pay any tax on it until you finally withdraw it from the new plan.
The IRA rollover allows more of your money to continue growing thanks to being tax-deferred.
From January 1, 2015, you are only permitted to make one rollover from one IRA to another IRA in any 12-month period, regardless of the number of IRAs you own.
There are exemptions from this rule, that the one-per year limit does not apply to:
- rollovers from traditional IRAs to Roth IRAs (conversions)
- trustee-to-trustee transfers to another IRA
- IRA-to-plan rollovers
- plan-to-IRA rollovers
- plan-to-plan rollovers
You must include in gross income any previously un-taxed amounts distributed from an IRA if you made an IRA-to-IRA rollover (other than above exceptions) in the preceding 12 months. You may also be subject to a 10% early withdrawal tax on the amount you include in gross income if you are aged less than 59.5.
Full details of the One Rollover Per Year rules can be found on the IRS site.
*(other than qualified Roth distributions and any amount already taxed – check with a registered IRA Advisor for up to date legislation)
Gold Ira Rule Basics
As far as IRS rules go, Gold IRAs are relatively simple, however common mistakes can quickly lead to unexpected fees, penalties and higher tax
Since the IRS relaxed it’s rules on physical gold in retirement funds, precious metals have unsurprisingly formed an essential part of many American IRAs. Get your set up, content or distributions wrong however and you could be looking at double taxation – or worse.
As we all know the US Government and the IRS do like their regulations – so it’s not surprising that setting up a gold IRA carries a strict set of rules.
Gold Ira Approved Metals
Being the IRS, you can’t just add ANY random precious metals to your gold IRA. Investment grade metals for an IRA need to follow a set of strict criteria.
The coins and bars that are accepted investments for a self-directed IRA are somewhat limited, but for good reason. Your long-term protection.
Precious metal IRAs may only contain coins and bars from an ira approved precious metals selection. They must be COMEX/NYMEX accredited and must be sufficiently pure.
Coins suitable for precious metal IRAs are typically valued on their precious metal content only. With only a few exceptions such as American proof gold and proof silver Eagles, historic, proof or collectible coins are not permitted.
IRA Approved Coins & Rounds
IRA approved coins and rounds must meet minimum fineness requirements and be manufactured by a NYMEX or COMEX-approved refiner/assayer or a national government mint and should be ISO9001 Certified.
American Gold Eagle coins
U.S. Buffalo Bullion gold coins
Canadian Maple Leaf gold coins
Austrian Philharmonic gold coins
Australian Kangaroo/Nugget gold coins
Other examples of acceptable gold coins/rounds include:
Chinese Gold Panda coins
Gold Incuse Indian rounds
Gold Engelhard Prospector rounds
Perth Mint Lunar Series gold coins
American Silver Eagle coins
Austrian Vienna Philharmonic coins
Australian Kookaburra coins
Canadian Maple Leaf coins
Other examples of acceptable silver coins/rounds include:
UK Silver Britannia coins (*after 2013*)
Incuse Indian silver rounds
Sunshine Mint silver rounds
Candian Silver Arctic Fox coins
Australian Silver Kookaburra coins
American Platinum Eagle coins
Platinum Canadian Maple Leaf coins
Platinum Australian Koala coins
Other examples of acceptable platinum coins/rounds include:
Platinum Britannia coins
Platinum Australian Platypus coins
Canadian Maple Leaf Palladium coins
IRA Approved Bullion Bars
IRA approved bullion bars must meet minimum fineness requirements and be manufactured by a NYMEX or COMEX-approved refiner/assayer and should be ISO9001 Certified.
Gold bars must be .995+ fine, silver has to be .999+, while platinum and palladium should have a purity of .9995+
IRA Basics: Contribution Limits:
As with any IRA, the IRS imposes limits on how much you can contribute in any given year. For 2022, your total contributions to all of your traditional and Roth IRAs cannot be more than:
* $6,000 ($7,000 if you’re age 50 or older), or
* your taxable compensation for the year, if your compensation was less than this dollar limit.
The IRA contribution limit does not apply to rollover contributions or qualified reservist repayments
Required Minimum Distributions
Unlike with precious metals outside of a retirement account, you cannot keep retirement funds in your IRA indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½.
Your required minimum distribution is the minimum amount you must withdraw from your account each year.
* You can withdraw more than the minimum required amount.
* Your withdrawals will be included in your taxable income except for any part that was taxed before (your basis) or that can be received tax-free (such as qualified distributions from designated Roth accounts).
For IRAs (including SEP and SIMPLE IRAs) this starts at April 1 of the year following the calendar year in which you reach age 70½.
The IRS has prepared worksheets where you can easily calculate your minimum distributions.
By following these IRA rules and working with an IRA specialist such as APM, you'll be in the best possible position to take advantage of the many benefits a gold IRA can offer.