Discover IRS mandates that require precious metals in an IRA to be held by a designated trustee or custodian.
Explore attempted "loopholes" in the US Tax Code for self-storage, understanding associated risks and penalties.
Understand the concept of holding physical precious metals in Gold IRAs, emphasizing compliance with IRS regulations.
Learn how Gold IRA holders can take Required Minimum Distributions (RMDs) in physical metals or cash after 70 ½.
Assure investors of tax benefits when correctly transitioning from traditional IRAs or retirement accounts to Gold IRAs.
Define permissible metals in a Precious Metals IRA, focusing on guidelines for gold and silver coins to ensure compliance.
List metals not allowed in a Precious Metals IRA, specifying purity requirements for gold, silver, platinum, and palladium.
Confirm the common practice of adding silver to Gold IRA holdings, highlighting the flexibility of self-directed Gold IRAs.