Understand the metals allowed in a Precious Metals IRA: gold, silver, platinum, and palladium. Specific guidelines govern their purity and acceptable forms.
Distinguish between a Gold IRA and a gold certificate. While a certificate represents ownership, a Gold IRA owns physical bullion bars or coins.
Discover why transferring or rolling over your IRA is necessary for gold investments. Traditional custodians often lack options for physical precious metals.
Learn about fees associated with a Precious Metals IRA, covering account opening, maintenance, storage, and potential transaction fees.
Understand why Precious Metals IRA fees tend to be higher. Unlike traditional custodians, self-directed IRA custodians don't profit from assets held.
Explore the tax benefits of Precious Metals IRA fees. Setup and annual fees are eligible for tax deductions as allowable expenses.
Differentiate between IRA transfer and rollover. Transfers move funds directly between custodians, while rollovers involve distributing funds to the account holder.
Learn about funding flexibility. You can use IRA assets or pay fees directly. Contributions can be made through transfers or rollovers from other accounts.