You can't keep physical precious metals in a regular Individual Retirement Account (IRA). However, there are specially designed precious metal IRA accounts that allow you to invest for retirement with gold, palladium, silver and other valuable metals. Open a self-directed IRA account with a depositary that allows you to hold precious metals such as silver. Discuss your plans with your accountant before selecting a custodian to ensure that you are taking on an appropriate level of risk.
Financial professionals around the world agree that asset diversification is the key to success. A self-directed IRA can buy gold and silver as long as the assets purchased meet IRS requirements. IRAs cannot invest in collectibles (including collectible coins). Precious metals add diversity to retirement portfolios.
They protect themselves against market cycles and inflation. Keep in mind that only certain precious metal products are approved for an IRA. You should be careful when making a contribution to an IRA, as the depositary will reject unapproved metals. Below, you can see some common IRA-approved gold, silver and platinum products.
You can buy gold coins and ingots of gold, silver, palladium and other precious metals that meet certain fineness requirements with your IRA. Regal is the leading silver IRA company in general because it acts as a one-stop shop for everything related to creating and monitoring a precious metals IRA. Creating a silver IRA is a simple process, but a major mistake can cause the account holder to lose their IRA status and may be left struggling to pay important taxes or penalize any penalties. When you work with Midas Gold Group, the process of converting your IRA or 401 (k) into silver is very simple.
ROTH IRAs allow investors to invest after-tax money in their IRA to invest it in the assets of their choice. In addition, just like a gold IRA, a silver IRA works essentially the same as any other retirement plan; only the type of asset is different. As the most trusted gold IRA company in the United States, the experts at Midas Gold Group have established thousands of silver IRA accounts. Keeping money in your IRA isn't as simple as sending it home, but a self-directed IRA can help make money part of your retirement.
Gold IRAs are well known, but silver IRAs could be an equally convenient place to go, with potential additional benefits. The silver IRA experts at Midas Gold Group have helped thousands of people add physical silver to their IRA or retirement plan. We collect your information and provide you with pre-filled forms to open your silver IRA account with your chosen IRA depositary. Midas Gold Group is the most trusted gold IRA company in the United States and can just as easily help you add tangible physical silver to your IRA or retirement plan.