Diversify Your IRA By Investing In Precious Metals
Individual Retirement Accounts are savings accounts which provide tax advantages to precious metal investors and collectors within the United States. For those investors looking to diversify their portfolio and purchase bullion as a hedge against inflation or a long-term investment, a Self-Directed Precious Metals IRA gives you the freedom and flexibility to do so. As a bonus, any wealth generated from this type of account is likely to be tax-free.
If you’ve never heard of a Self-Directed IRA, this is a branch of the IRA that allows you to control your investments, specifically assets that are considered to be alternatives. To get started, you’ll appoint an IRA custodian experienced in this type of investment. This is helpful for those already in possession of an IRA account, as they can help you transfer your funds and protect your account status. Then, you’ll choose an IRA-Eligible piece of bullion from a reputable precious metal dealer, who will send the invoice to the IRA trustee.
There are two things to keep in mind as you make this move. One is that there is a minimum fitness required: for gold, this is .995, silver .999, platinum .9995, and palladium .9995. Secondly, not all bullion is eligible. Be sure to take a careful look at the chart provided to see the bullion coins and bars IRA - eligible.
To get started, reach out to our friendly, knowledgeable associates here at Bullion Exchanges and let them know you’re working on a Precious Metals IRA. They can guide you to the best bullion that’s eligible for this type of savings account. We are happy to help you through this process.