Traditional and Roth IRAs, regardless of what type of assets they hold, have certain key
differences, based on the tax benefits and associated legal restrictions of each account type.
A traditional IRA allows you to add and hold assets tax-free until retirement, deferring your taxes
until you need to withdraw assets from your account.
You can use a traditional IRA to reduce your tax burden in pre-retirement years, as there are
many ways to add assets to these accounts before paying taxes on them.
When you withdraw or distribute assets from a traditional IRA, you’ll pay taxes on the investment
and any growth in its value based on your income in the year(s) you make a withdrawal. Since
withdrawals are taxed as income in the year of withdrawal, you may maintain a lower tax burden
if you have lower taxable income in retirement.
A Roth IRA is a post-tax account. Anything added to this account will be taxed when you earn it
(that is, you will not get a tax deduction for your contributions to your Roth IRA), and as a result,
your tax burden won't be lessened through Roth IRA contributions during your working years.
However, generally withdrawals and qualified distributions from a Roth IRA account are
considered tax-free. This can provide a significant benefit if your assets have grown substantially
in value, as you won't have to pay taxes on any gains if your withdrawals happen on the proper
schedule.
We can't provide you with any tax advice, but a qualified tax professional should be able to help
you devise an IRA structure that will work best for your retirement goals and the assets you
intend to hold in your IRAs, whether precious metals or otherwise.
Many Rosland Capital precious metals products are eligible for inclusion in precious metal-
backed IRAs. Our bullion bars and bullion coins are excellent candidates for use in a precious
metals IRAs, as are our Lady Liberty coins - a range of beautiful gold coins and silver coins.
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