Homepage / Bullion Investment Basics: IRAs & Bullion
Paper assets are not the only assets you can put into a Roth, Traditional or Self-Directed IRAs (Individual Retirement Accounts).
Physical bullion can be part of your retirement account under the tax-advantaged umbrella of your IRA.
Capital gains are just one of the many reasons for getting into precious metals bullion.
You are allowed to buy and sell for gain inside the IRA with no tax consequence. Taxes only take effect until you remove money from the account.
The change in 1997 made it possible for other precious metals besides American bullion coins to be allowed in your IRA.
Investors are now permitted to purchase a larger variety of physical bullion for their investment retirement account.
To qualify as an IRA-approved product, precious metals must meet minimum fineness (purity) levels.
The following are examples of the precious metals bullion coins, bars and rounds that are allowed in Investment Retirement Accounts.
Things you CANNOT DO when setting up an IRA Account with Physical Precious Metals Bullion:
A 'Trust Company' also known as "Custodians" are companies that the IRS allows you to maintain and hold the bullion for Precious Metals IRA Investors.
They handle all funds, once your account is established and funded through direct deposit or from rolling over another 401K or existing IRA, they pay the Bullion Dealer from which you are buying.
All bullion bought for the IRA must meet the requirements listed above. Trust companies provide monthly account statements with all of your account information.
The depository has two forms of storage.
Depositories charge a small annual account fee plus a storage fee based upon the total value of the account, segregated storage costs slightly more.
Note: Not all Trustee companies have their own depositories. Your Trust company will assist you in finding one if they do not have one for themselves.
Internal Revenue Service - IRA Online Resource Guide
If you are interested in including physical bullion into a IRA account, you should consider consulting with a good financial advisor about the specific ways you can introduce physical bullion into a Roth or Traditional IRA account.
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