Gold IRAs appeal to investors who want a diversified retirement portfolio. A gold IRA is a type of self-directed IRA that allows you to invest in gold bars for retirement. In a regular IRA, you can’t own physical gold, although you can invest in a wide variety of assets that are invested in gold, such as gold stocks or gold ETFs. You can set up the SDIRA either as a traditional IRA (tax-deductible contributions) or as a Roth IRA (
tax-free distributions).
For example, pre-tax funds included in a Roth IRA are taxed before they are converted to a Roth IRA, while after-tax funds are not taxed. This means that transferring or transferring part of your existing IRA account to a Gold IRA has no tax impact. Custodian managers help you manage the paperwork and tax reporting for your gold transactions to meet IRS retirement requirements. The qualities that make precious metals a safe investment have the same benefits as a Gold IRA investment, which holds real, physical metals in
your account.
Allegiance Gold can help you meet regulatory requirements, avoid tax pitfalls, and diversify with physical precious metals to stabilize your retirement portfolio. Gold IRAs follow the same general rules as traditional IRAs when it comes to tax benefits. You can choose between traditional IRA or Roth IRA contribution limits and withdrawals. Unlike traditional retirement accounts such as IRA and 401 (k) accounts, which limit your options to traditional paper-based assets such as stocks, mutual funds, and bonds, a gold IRA gives you the added benefit of investing in physical gold coins and bars, as well as other IRS-approved silver, platinum, and palladium metals. Financial professionals use gold and precious metals as a hedge against inflation and deflation, dollar depreciation, and the evolving negative economic and political environment
.
The custodian is an IRS-approved financial institution (bank, trust, brokerage firm), but many financial services and mutual fund companies that process regular IRAs don’t do the self-directed version. Only a self-directed IRA allows you to make all decisions about your account assets, allocation, and redistribution while giving you important tax benefits. Investing in a gold IRA requires the services of a custodian bank, a broker to purchase gold, and an approved depositary to store gold. Opening a self-directed IRA with Allegiance Gold enables you to make your own investment decisions and select IRS-approved coins, gold bars, and bars to invest in, and that bear the weight and security of real tangible
assets.
Gold IRAs are a special type of self-directed IRA that allows you to invest in physical gold and other precious metals, such as silver, platinum, and palladium. Those who prefer to invest in gold company stocks (such as Barrick Gold), in mutual funds of such companies (such as Fidelity Select Gold Portfolio), or in ETFs that track the performance of a gold index (such as SPDR Gold Shares) can do so with a mainstream IRA. The rules for withdrawals (selling the gold for cash) depend on whether the gold IRA is a traditional or a Roth IRA
.
