Add Stability to Your Retirement Mix
Including gold and other precious metals in your portfolio lowers your risk by diversifying from paper assets, thus hedging against the economy and inflation. Through turbulent times, such as an economic downturn, gold and other precious metals retain value and are trusted to strengthen and secure 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 protection for their money, there is a lot of buzz surrounding 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 when the time comes to make a change or an upgrade, 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 protect your retirement funds against the types of fluctuations in the market that could have disastrous implications on your overall portfolio. A precious metals IRA is a self-directed, 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 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 are becoming too risky for many 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 can provide more protection against these threats by diversifying your portfolio, as well as helping to safeguard your money 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, in addition to more traditional types of investments, such as mutual funds.
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 help shield your money from future economic turmoil and have peace of mind about your buying power in retirement.
How exactly can gold and silver IRAs provide this unique level of protection? Let's look at some of their key benefits.
Benefits of Gold and Silver IRAs
We can't stress this enough: diversification is crucial to every person's portfolio, 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 greatly diversify your holdings, rather than keeping all your eggs in one "paper" basket.
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 for many years to come. Diversifying your portfolio with precious metals helps protect your retirement money by shielding it from the volatility associated with stocks and other paper assets.
Safeguard against the declining dollar
Many people who buy gold and silver do so as a 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 portfolios could be worth a lot less in retirement. On the other hand, the value of precious metals, like gold, tends to increase as the dollar drops. By placing precious metals in an IRA, you can thus preserve your buying power and 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 all the other benefits of purchasing precious metals.
Aside from the security, many people purchase gold and silver specifically for their growth potential, which isn't affected by the same forces as those in the stock market. As finite resources, gold and silver have inherent value and an ever-increasing global demand.
Setting Up Your New Precious Metals IRA Account
Here’s the best news of all: 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 experts 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 from Equity Institutional, the IRA administrators, 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 and 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 arranges for the precious metals to be moved directly to the depository in Delaware, where each IRA-holder's gold is kept in separate, secure storage.
You will then be a client of Equity Institutional, and will pay the appropriate fees for administration and storage.
When you reach 70.5 years of age and must take distributions, then you may choose to take distributions in physical gold, provided the IRA contains precious metals of the appropriate value.
Required Minimum Distribution Calculator
If you're age 70½ or over and have a Traditional, Rollover, SEP, or SIMPLE IRA, you're required by law to take the Required Minimum Distributions (RMDs) annually. 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 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, like all investments, 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 recommend.
If you'd like to talk to someone about setting up a precious metal IRA or transferring funds from an existing IRA, please call 800-461-1246 with no obligation.