Create a self-directed IRA to invest in gold and precious metals. Enjoy tax benefits on contributions and diversify beyond stocks and bonds.
Gold in a gold IRA must be 99.5% pure, including specific coins and bars. Graded gold isn't allowed; wait until after IRA liquidation for grading.
Gold in an IRA needs a custodian for fund management and storage, ensuring compliance with precious metals IRA rules.
Follow annual IRS limits ($6,000, $7,000 if 50+) for precious metal IRA contributions to ensure compliance with regulations.
Hold precious metals in a gold IRA for retirement. Withdraw after 59 ½, pay taxes. Liquidate or possess without penalties.
Gold IRAs lack FDIC insurance. Custodians provide protection with segregated storage and theft insurance. Research and consult experts for informed decisions.