A gold IRA is a self-directed retirement account allowing direct ownership of precious metals like gold
Helping investors diversify and hedge against inflation's impact on traditional assets as they seek the advice of financial professionals due to historically high inflation levels in the US.
These experts handle paperwork, tax reporting, and secure storage in IRS-approved depositories
Though you know what gold IRAs are, it’s helpful to understand the types available to investors. They may offer similar functions, but they’re vastly different.
Funded with pretax dollars, grows tax-deferred, taxed upon withdrawal. $6,000 yearly limit for those under 50.
Post-tax contributions, no immediate tax benefits. Pay taxes on funding, enjoy tax-free withdrawals later. $6,000 yearly limit.
Like traditional SEP IRA for self-employed/business owners. Contributions taxed upon withdrawal. Limit: 25% or $61,000, whichever is less.