Add Stability to Your Retirement Mix
Including gold and other precious metals in your holdings may lower your risk by diversifying from paper assets, thus potentially hedging against the economy and inflation. Through turbulent times, such as an economic downturn, gold and other precious metals retain some value and have long been trusted to help in preserving wealth, where paper assets may not.
The IRS regulates and controls the products that can be added to your precious metals-backed IRA. That’s why it’s important to choose an industry authority like Rosland Capital, so you know you are working with professionals and have access to excellent IRA-eligible products.
Is a Gold or Silver IRA Right for You?
Gold and silver IRAs are becoming more and more common these days. Whether it's because the most recent recession has inspired Americans to seek out more diverse types of retirement funds, or simply because families want more potential protection for their money, there is a lot of interest in precious metal-backed retirement accounts today.
Whatever your reason for looking into an IRA backed by precious metals might be, it’s always a good idea to gather as much information as possible so that if the time comes to make a change, you feel comfortable doing so.
What are Gold and Silver IRAs?
When you back an IRA with either gold or silver (or both), you are making the decision to potentially help protect your retirement funds against the types of fluctuations in the market that could have a negative effect on your overall holdings. A precious metals IRA is a government-approved retirement account backed by physical gold, silver or other metals, such as platinum or palladium.
The National Economy and Your IRA
In many cases, gold and silver can potentially provide a better chance of financial security than other types of IRAs. The answer is pretty simple.
Conventional IRAs are often heavy with stocks and bonds. In previous eras, when the national economy was more robust and stable, this method proved to be successful.
But today these paper assets can seem too risky for some people, especially after events like the Great Recession, which led to many people's retirement accounts being significantly reduced over a very short period of time.
Backing your IRA with precious metals like gold and silver may potentially help provide more protection against these threats by diversifying your assets, as well as potentially helping to safeguard your assets from inflation, economic fluctuation and unfavorable legislative policies.
Gold and Silver IRAs - How Can They Protect Your Nest Egg?
Gold and silver IRAs offer a unique alternative to conventional retirement plans by enabling you to add precious metals, including gold coins, silver, platinum and palladium.
These Precious Metals IRAs have become increasingly popular in recent years as more uncertainty grows around the health of the global economy. By adding gold and silver to your retirement account, you can potentially help in shielding your assets from some of the effects of future economic turmoil and have some peace of mind about your buying power in retirement.
How exactly can gold and silver IRAs help in seeking this level of protection? Let's look at some of their key benefits.
Benefits of Gold and Silver IRAs
Diversification can be important to every person's asset holdings, especially when it comes to retirement savings. Gold and silver IRAs allow you to hold assets that are rarely found in employer-sponsored 401(k)s and conventional IRAs. This means you can diversify your holdings, rather than keeping all your eggs in one "paper" basket.
Possible protection against the volatile stock market
When the stock market tumbles, even the so-called "safest" mutual funds and bonds can take a hit, and retirement accounts can suffer greatly. If it happens to you right before retirement (as it did to many during the Great Recession), you could be forced to continue working. Diversifying your assets with precious metals may potentially help in protecting your retirement assets by shielding them from the volatility associated with stocks and other paper assets.
Potential safeguard against the declining dollar
Many people who buy gold and silver do so as a possible hedge against inflation and the declining U.S. dollar. As the dollar loses value, Americans essentially lose wealth and purchasing power. If the value continues to shrink, paper-heavy assets could be worth a lot less in retirement. On the other hand, the value of precious metals, like gold, can increase as the dollar drops. By placing precious metals in an IRA, you can thus potentially preserve your buying power and help safeguard your money from the effects of inflation.
Keep in mind that a Precious Metals IRA comes with the same tax benefits as a conventional IRA. The biggest difference is that you can maintain those tax benefits while experiencing the other benefits of purchasing precious metals.
Call 1-844-754-1349 to discuss your gold IRA options.
Setting Up Your New Precious Metals IRA Account
Here’s good news: you can easily rollover an existing IRA to an IRA backed with gold and silver. This means that you don’t need to make another initial deposit to get the ball rolling.
What you do need to find is a precious metals professional to work with. Obviously, there’s no shortage of firms advertising their experience, expertise and proven track record. Without any sort of verification or third party certificates, these promises are just words.
At Rosland Capital, we can offer more than just promises. Our A+ rating from the prestigious Better Business Bureau is just one of many accolades that confirm our proven track record and commitment to our customers.
Working with a precious metals representative from Rosland Capital can help make the transition into the world of precious metals backed IRAs simple, easy and, above all, comfortable. Our knowledgeable associates aren’t just specialists in the field, they’re also more than willing to provide world-class customer service.
How to Get Started
A Rosland Capital representative will explain to you how a Gold and Precious Metals IRA works, so you can decide if the option is right for you.
If you decide that an IRA fits your needs, the representative will send you the necessary forms (typically from Equity Institutional, the IRA custodian), together with Rosland Capital's own customer agreement.
After you have signed and completed the required forms, your Rosland Capital representative will create an account for you at Rosland Capital and Equity will create an IRA account for you with Equity, and if you wish, your Rosland Capital representative will discuss various options for your IRA, including which coins qualify for inclusion.
After Equity receives funding, either directly from you or via transfer of an existing IRA, your Rosland Capital representative will contact you to discuss the purchase of precious metals for your IRA account. If you elect to make a purchase, your representative will at your request arrange with Equity for the precious metals to be moved directly to the depository in Delaware, where each IRA-holder's precious metals are kept in separate, secure storage.
You will then be a client of Equity, and will pay the appropriate fees for administration and storage.
When you reach 72 years of age (73 starting in 2023) and must take distributions, then you may choose to take distributions in physical precious metals, provided the IRA contains precious metals of the appropriate value.
Required Minimum Distribution Calculator
If you're age 72 (73 starting in 2023) or over and have a Traditional, Rollover, SEP, or SIMPLE IRA, you're required by law to take the Required Minimum Distributions (RMDs) annually. Equity will assist you in determining your RMD and you can use our RMD Calculator to estimate your annual distributions.
These calculations are estimates only, are made available to you as a self-help general educational and informational tool for your independent use, and are not intended as a substitute for personalized tax, legal or investment advice. Rosland Capital cannot and does not guarantee their applicability or accuracy in regard to your individual circumstances. Tax laws and regulations are complex and subject to change, which can materially impact results. Rosland Capital cannot guarantee that the information herein is accurate, complete, current or timely. Rosland Capital makes no representations with regard to such information or the results obtained by its use, is not responsible for any human or mechanical errors or omissions and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Rosland Capital is not responsible for the accuracy or completeness of the information you provide. Rosland Capital encourages you to consult with your tax advisor, financial planner, investment advisor or custodian to seek such personalized advice regarding all personal finance issues.
The statements made on this website are opinions, not facts, and past performance is no indication of future performance or returns. Precious metals carry capital risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. Rosland Capital cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer’s decisions alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment.
Are you considering a home storage precious metal IRA?
Home storage is only an option if you're willing to gamble that the IRS doesn’t really mean what it says.
The IRS says that for any entity to act as the trustee of an IRA, that entity has to make a written application to the IRS showing that the entity has fiduciary experience, competency to handle retirement assets, an adequate fidelity bond, annual audits and sufficient net worth.
Unless the IRS gives written approval before the IRA is set up, it will regard the assets as income subject to immediate taxation, plus 10% additional penalty for those under 59 1/2.
Some companies offering home storage, also known as private or self storage, may say creating an LLC or using a bank safe deposit box will help, but those companies are unlikely to stand behind that advice. They’ll want you to sign papers saying it’s your decision.
It will be your bet against the IRS, not theirs.
And even if this scheme legally stood up, the costs of establishing this structure and maintaining an LLC would likely exceed the fees of the approved institutions that respected companies like Rosland can introduce you to.
If you'd like to talk to someone about setting up a precious metal IRA or transferring funds from an existing IRA, please call 1-844-754-1349 with no obligation.