Gold IRA Reviewed
The gold IRA is also known as self directed IRA and is a type of individual retirement account (IRA). The owners of this type of account have direct control over what assets the account invests in. This has an added advantage of reducing administrative fees associated with most IRAs.
Note that we are not lawyers and do not provide legal, tax or investment advice.
TRADITIONAL GOVERNMENT IRAs 2016 by Augusta Precious Metals
Traditional IRAs come with an outlined choice of investments options that are governed by a custodian (a financial institution). On the other hand, self-directed IRAs allow for a diversity of assets ranging from:
- real estate
- private mortgages
- private company stocks
- precious metals meeting certain statutory requirements
GOLD IRA’s Reviewed
Advantages of the Gold IRA
A self-directed IRA like the Gold IRA allows for more control and autonomy to the owners. Owners can make the decisions regarding their investments, allowing for allocation of investments across a diversity of asset classes. For example, an owner may choose to venture into real estate as opposed to bonds and stocks. Owners are never pushed into making investments they do not desire. Check out our why invest in gold page.
Disadvantages of Gold IRAs
The biggest disadvantage to a self-directed IRA like the Gold IRA is that they require some level of expertise. Since the owner is responsible for choosing the financial investments, this can be a limiting factor for those who are not aware of what to do or where to make their investments. Many are more comfortable using a professional to manage their investments and make these decisions. For more help in understanding the gold market and the coins and bullion available to you, call AUGUSTA PRECIOUS METALS (855) 242-4121. They are an established company and can answer these types of questions for you. You can also find information on Self Directed IRAs on the wiki page.
GOLD IRA FAQ’s
Have a Question About the Augusta™ Gold IRA?
See answers to common questions below, or call Augusta Precious Metals at 855-242-4121
Q. What is an Augusta™ Gold IRA?
A: This IRA enables investment in IRS-approved physical gold, silver and other precious metals you can see, touch and hold in person. Augusta Precious Metals walks you through the few easy steps. It’s simple–just sign a few forms and transfer funds from your existing retirement account.
Q. Can I defer paying income taxes on my Augusta Gold IRA savings until retirement?
A: Yes. The gold IRA has the same tax-deferment benefits and penalties as more common retirement plans, including Traditional IRAs and 401(k)s.
Q. Can I roll over my current IRA or existing 401(k) retirement savings into an Augusta Gold IRA?
A: Yes, you can roll over funds from your Traditional IRA, Roth IRA, 401(k) and 403(b) to your Augusta Gold IRA.
Q. What kinds of precious metals can I invest in?
A: Generally, you may invest in coins minted by the U.S. government as legal tender, such as American Gold Eagles and American Silver Eagles (1 oz, 1/2 oz, 1/4 oz and 1/10 oz). Certain coins minted by other nations as legal tender may also be IRS-approved.
Q. Will I be able to easily liquidate the precious metals in my Augusta Gold IRA?
A: Yes, you can get your precious metals when you want to in a full or partial distribution (IRS retirement distribution fees and penalties apply). On your request, we can quickly withdraw the metals on your behalf.
Disclaimer – Augusta Precious Metals
www.selfstoragegoldira.com (“SSGI”) does not provide legal, tax, or investment advice. Nothing of the foregoing, or of any other written, electronic or oral statements or communication by SSGI, its representatives, or attorneys is intended to be, or should be relied on as, legal, tax or investment advice, statements, opinions or predictions.