Posts Tagged ‘gold backed ira’

Using Your IRA to Invest in Precious Metals: Q&A

Thursday, October 29th, 2015

precious metals img 2

You most certainly do not have to work on Wall Street to know that things have been rocky the last few months for the U.S stock market. It seems that it’s an everyday occurrence that there’s mass hysteria on whether or not the Fed will raise rates, and if you’re like most Americans with an IRA, pension or 401k, you pay attention, because your retirement could be at stake. When the market crashed in 2008, it was said that retirement savers lost $2 trillion in the stock market, and there was nothing that could be done to get those funds back. It left millions of hard-working Americans with depleted accounts and no answers.

Today, I’d like to think that we’re smarter with our money, that we’ve self-educated, and that we now know how to make the market work for us. The answer is diversification. And today, we’re going to specifically talk about diversification with a gold-backed IRA.

Q: What Type of Precious Metals and Coins are Approved Investments?

precious metals

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A: Only gold coins that are legal tender with 0.9999 fineness are allowed in an IRA, with the exception of the American Gold Eagle, which has a fineness of 0.9167% fineness. Other gold coins allowed to be put into an IRA include the American Buffalo, Canadian Gold Maple Leaf, and Australian Gold Nugget. The popular South African Krugerrand is not permitted to be included in an American IRA because it’s fineness is only 0.9167%
The regulations that govern gold contributions to IRAs call for a minimum purity of only 0.995%, most gold bullion bars are 0.9999% pure.

Q: Can I Take Distributions of Physical Metal Instead of Cash?

A: Yes, distributions from an IRA can be cash or non-cash. The only issue will be that the distribution will usually be taxable to you (except for a Roth IRA), which would mean that you would either have to liquidate enough metals to pay the taxes, or you would have to use cash from your personal accounts to pay the taxes.

Q: Are There Monthly Storage Fees?

A: Asset value of metals:

fees metals

Q: How is the Metal Held and Stored?

A: Here at Accuplan, all precious metals are stored in our secured vault with Brinks in Salt Lake City. Tax laws require that a licensed custodian hold precious metals for your IRA. All metals are counted and verified upon receipt in the Brinks vault, and you will receive an email notification along with a certificate of ownership when the metals are verified at the vault.

There are many ways to help protect yourself in your day-to-day activities, so why not also protect yourself from a financial crisis as well with a gold-backed IRA?

Author: Tanya

A Great Time For A Gold IRA

Friday, April 4th, 2014

Gold IRAs

With the use of a self directed IRA you are able to diversify your retirement portfolio. There are so many different investments opportunities that you can do through a self directed IRA. Really the only thing that holds you back from investing within a self directed IRA besides some of the rules is your imagination. There are however certain investments that are much more popular than others.

A few of the most popular types of investments in self directed IRA are real estate and gold. The traditional investments in IRAs and 401ks are stocks and bonds. What happens when the stocks and bonds you invested in value goes down to $0? Your investment is worth nothing and you have nothing to show for it but a paper asset.

So what are the benefits to having gold or real estate in your self directed IRA? You are actually owning or investing in a real tangible item. If you invest in gold with your self directed IRA you actually own gold. If the value of gold goes to $0 you still own the gold. If the value of the real estate you invested in goes to $0 you still own that real estate. That is one of the big reasons people invest with a self directed IRA. They don't like stocks and bonds and want something that they feel more comfortable investing in. Typically, gold and real estate is also a safer investment than stocks.

Now is a solid time to invest in gold or other precious metals with your IRA. When investing in gold with your IRA it is typically referred to as a gold IRA or a gold backed IRA. This is a very solid time to buy gold, silver and other approved metals. Gold is lower than the SMA for the past 14 and past 200 days and at the lowest price it has been in the last month. All while silver is lower than the SMA for the past 14 and 200 days as well. If you are looking for some more long term reasons as to why a gold ira is a great addition to your retirement account then please check out our article, Gold IRA Investing.

Another great thing about self directed accounts is that you have control them. You get to decide your investments and you have control of your account. No more worrying about what your account is invested in because you become the investor. Taking control of your retirement can be a great way to improve your retirement.

At Accuplan Benefits Serivces we can help you get started with a self directed IRA and invest in the things you want like a gold IRA. Contact us for more information on how investing in a self directed IRA and gold IRA can be beneficial to you. If you are ready to set up an account and want to start investing within a self directed IRA then set up a self directed IRA account now.


Benefits of a Gold-Backed IRA

Friday, January 24th, 2014

Gold Backed IRA

Investing in physical gold and silver inside of a Self Directed IRA is a great way to diversify your retirement portfolio.  Most IRA brokerage companies allow you to invest in ETF (paper that says you own gold) but few IRA custodians allow you to invest in the physical metals.  Many people have concerns about ETF’s. Does the ETF actually have the metals stored that they are selling through their ETF? It is a valid concern and points to why many people choose a gold-backed IRA.

I found an interesting video by Glenn Beck in which he talks about his concerns that the US government has been tampering with metals it is storing for other various countries. While this video is interesting I cannot speak to the validity of his claims. When choosing to have a gold backed IRA through Accuplan Benefits Services you can be assured that when you buy physical gold and silver through your gold IRA all of the metals are physical bought and stored on your behalf at a vault at Brinks. It is also verified and insured by Brinks.

Below are some of the benefits of a gold-backed IRA (owning gold and silver in your IRA):

  • Gold and silver have tremendous upside pricing potential, due to inflation risks, with little downside risk.
  • Gold and silver are both an inflation and a deflation hedge.
  • Gold and silver are highly liquid, it can be either exchanged directly for other property or cashed in easily.
  • Gold and silver are universally recognized as money everywhere in the world, there are no exchange rate issues.
  • Physical gold and silver holdings are not subject to IRS reporting or taxes (with some exceptions in an IRA).
  • Gold and silver is a great way to diversify in a balanced investment portfolio.
  • Gold is highly portable – $100,000 of gold coins weighs only 6.25 pounds (at $1,000 per ounce).
  • Gold is easy to store.
  • Gold and silver, unlike paper money, cannot be devalued by government action and any government intervention in gold markets would soon lose its effect.
  • Gold and silver held in a private or secret stash is highly secure and protected from government.

Feel free to call, email or chat below if you are interested in learning more about gold-backed IRA and silver backed IRA.

Author: , Self Directed IRA Professional
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Is a Gold Backed IRA Right for You?

Monday, January 6th, 2014

Gold Backed IRA

An IRA is a great retirement account for anyone looking to grow their retirement nest egg over the span of your career. It makes saving even more advantageous because of the tax advantages that come with an IRA.

There are different types of IRAs including: Traditional, Roth, SEP, and Simple accounts. Each one of these accounts allows you to invest in the same types of investments. If you have a self directed IRA your investment options are broader. You have the option of a gold backed IRA, other precious metals IRA, real estate IRA and can even invest in other businesses.

When investing for your retirement plan you may be worried about the types of investments that are in your IRA. You could possibly be worried about inflation or even the stock market. Investing in something a little more stable and less risky is probably something you should do.

What about a gold IRA? Gold has proven to be the perfect hedge against inflation. It is also a great way to hold a real asset in your IRA rather than just a paper asset. Wether you buy gold or any other type of metal your precious metals IRA will have actual metal in your IRA. If the cost of the metal goes down you still have the same amount of metal in your IRA it is just worth less. Nor is the value of gold, silver or other precious metals to likely be valued at $0. It is possible though for the stocks you purchased to be worth $0 if the investment goes bad or company goes under. This sort of stability is exactly what some people are looking for in their IRA. Maybe you don't want all of your IRA invested in gold but would like a portion, that is totally fine. In fact, it is very wise because you are diversifying your portfolio.

Do you still have questions about a gold backed IRA? Let's dive into some of the more commonly asked questions in regards to gold backed IRAs.

What is a Gold Backed IRA?
It is merely a self directed IRA that follows IRS rules and regulations that allows you to hold physical gold in your retirement plan. Thus, giving you the peace of mind that your retirement is invested in something less risky than many of the alternatives.

Can I Invest in Any Type of Gold or Precious Metal with my IRA?
There are restrictions as to what types of precious metals can be in an IRA. To find out more about the actual types of metals that are allowed check Gold IRA FAQ

Can I Have Other Types of Investments in my Gold Backed IRA?
Yes, in your self directed IRA you can have other types of investments. Whether they be gold IRA, real estate IRA or something different. More than one type of investment in your self directed IRA is allowed.

If I Want to Transfer or Rollover My Current Plan Do I Have to Transfer/Rollover my Whole Amount?
No you do not. As I have mentioned before this is a great option as it allows you to diversify your account.

What are the Penalties/Taxes That I have To Pay When Transferring My IRA?
There are none when you transfer from a traditional IRA to a gold IRA.

I Would Like to Physically Hold the Gold, Is That Ok?
No! You cannot take physical possession of your gold. You must store the gold at an insured IRS approved depository in your name until you reach 59 1/2 years of age. You then can take the physical possession of the gold without penalties. If you do before you will be taxed.

One great thing about a gold backed IRA is that it is very easy to set up.  To learn more about how to set one up and the associated fees read Setting up a Gold Backed IRA

You may have more questions about gold backed IRAs and feel free to ask them below or contact us at Accuplan Benefits Services.