Investing in Gold and Silver Through Individual Retirement Accounts

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Investing in Gold and Silver Through Individual Retirement Accounts

Individual Retirement Accounts (IRAs) are retirement accounts with special tax advantages, provided by the federal government as an incentive for individuals to save for their retirement.  This of course benefits not only individual owners of IRAs but the government and nation as a whole, as investment in these tax deferred accounts help to lessen the burden caused by those who would otherwise become financially dependent on the government after retirement.  Because of this, the federal government allows IRAs to grow with taxes deferred.  Investments can grow unhindered by tax burdens and this can lead to healthier returns, better quality of life for retirees and less dependence of the elderly on government financial assistance.

IRAs come in multiple forms, and this is particularly relevant as to when money placed in them can  be withdrawn without penalty and limitations as to financial contributions to the account.  They are often used effectively in combination with 401k plans as the backbone of a solid retirement plan.  Gold and silver can be purchased through IRAs, with the caveat that the trustee or custodian of the IRA must be willing to accommodate that type of investment.  For self administered IRAs, that variable is removed, and individuals are free to invest in both gold and silver at their discretion.

The upshot to this is that IRAs provide a vehicle in which individuals can invest in gold and silver with major tax advantages.   Individuals can also roll over stock and bond assets into precious metals using an IRA.  This provides a solid opportunity for investors who have benefited from the huge stock market run-up of the last five years to invest, tax deferred, into real money assets.   Gold and silver prices are at substantial discounts as compared to prices from as recent as a year ago.

Asset reallocation is something that most knowledgeable investors consider when opportunities arise, and reallocation into gold and silver investments is most definitely an opportunity worth taking advantage of. Call our National Coin Broker team today at (800) 707-7923 and we would be more than happy to discuss with you the details of IRA rollovers into gold and silver and why this strategy may be right for you and your investment portfolio.

2014-10-23T11:51:27-04:00By |Categories: Articles, Precious Metals IRAs|

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President and CEO of National Coin Broker
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