Navigating the SECURE Act for Your Gold IRA

Understand how the SECURE Act, implemented in January 2020, brings pivotal changes to Self Directed IRAs, especially those investing in precious metals.

Impact on Precious Metals

Despite the festive season, the SECURE Act was enacted swiftly, impacting retirement planning and Self Directed IRAs.

Swift Legislative Move

Decode the acronym—the Setting Every Community Up for Retirement Enhancement Act—and its extensive influence on retirement legislation.

Decoding SECURE

Explore the transition in Required Minimum Distributions (RMDs) from 70½ to 72 and its implications for those with Gold IRAs.

RMD Shift

Understand the nuances of RMD adjustments, focusing on age requirements and considerations for individuals turning 70½ before January 1, 2020.

Navigating RMD Changes

Explore the unique opportunity, introduced by the SECURE Act, allowing contributions to Gold IRAs after the age of 70½.

Contributions After 70½

Grasp the conditions for contributing and acquiring tax-advantaged assets, like precious metals, within a Self Directed IRA under the SECURE Act.

Tax-Deferred Investments

Comprehend the restrictions on prior year contributions past 70½, emphasizing adherence to the 2020 law.

Contribution Limitations

Uncover the modifications in IRA inheritance rules, focusing on the removal of the "stretch" provision and its impact on beneficiaries.

Inheritance Transformation

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Navigate the new dynamics of IRA inheritance, understanding the 10-year distribution limit and exceptions for specific beneficiaries.