What is an IRA?

An Individual Retirement Account, or IRA, is a type of retirement account designed to encourage you to save for retirement through the use of various tax benefits. Because IRAs are meant to encourage retirement savings, they provide significant tax savings over traditionally taxable investment accounts. However, there are also significant tax penalties assessed on early withdrawals of any retirement funds from an IRA.

IRAs are typically offered in two forms: the traditional IRA or the Roth IRA. There are other forms of IRAs, such as the SIMPLE IRA and the SEP IRA, which are variations on the traditional IRA for certain types of workers. SIMPLE IRAs allow employers to match employee contributions, while SEP IRAs are designed for self-employed people such as freelancers, or business owners.

Some IRAs are managed by qualified financial professionals and have some restrictions on which assets the account owner can hold. These types of managed IRAs are typically set up through an employer. A self-directed IRA, on the other hand, can own any eligible type of asset its owner is able to place in the account.

Most IRAs primarily (or exclusively) hold paper assets, such as cash, stocks, exchange-traded funds (ETFs), mutual funds, and/or bonds.

What is a gold or precious metals IRA?

A precious metal-backed IRA, often called a gold IRA because of gold’s typical inclusion in this form of retirement account, holds physical precious metals in custody instead of paper assets. Physical bullion bars and coins made from gold, silver, platinum, and palladium are all permissible assets for a precious metals IRA. You may occasionally see precious metals IRAs referred to as “silver IRAs,” “platinum IRAs,” or “palladium IRAs,” depending on the metals held in the account.

A precious metals or gold IRA can be created as a new account, or through the process of transferring or converting an existing and eligible retirement account into a precious metals IRA. This may involve exchanging some or all of the existing assets in your account(s) for physical gold and/or other precious metals. Whatever your goal, Rosland Capital is here to help.

Want to learn more about precious metals IRAs and begin the process of establishing one for your retirement? Request a Precious Metals IRA Guide from Rosland Capital through the form above, or call the number below to speak with a Rosland precious metals representative.

Call us to start building your precious metals IRA today: 1.800.679.6482

What are the limits or restrictions on my precious metals IRA?

A precious metal-backed IRA will have the same legal restrictions as its underlying IRA type.

That is, a gold IRA structured as a traditional IRA will have the same taxation rules as a traditional IRA, and a Roth-type gold IRA will have the same rules as an ordinary Roth IRA. The only difference is that you’re only allowed to hold the four permissible precious metals in a highly refined physical form.

Rosland Capital can supply a range of products, whether in the form of gold bullion bars, gold coins and silver coins with the purity necessary for inclusion in a precious metals IRA. Many of the precious metals products we offer come with a statement of fineness or purity and weight from a certified assayer, ensuring peace of mind and adequate verification for all customers.

Here are some of our options for inclusion in a precious metals IRA:

For 2019 and beyond, you can contribute a maximum of $6,000 per year to traditional IRAs and Roth IRAs, or $7,000 if you're 50 or older.

SIMPLE IRAs have a contribution limit of $13,000 in salary for 2019.

Employers can contribute up to the lesser of 25% of the employee's compensation to SEP IRAs each year, or $56,000.

Contributions to a precious metals IRA are made in dollars, which are then exchanged for precious metals of appropriate value, as agreed on between the account owner, their precious metals vendor (Rosland Capital, in this example), and the custodian or trustee of the IRA account. The contribution limit will thus be calculated by the dollars deposited into the account.

Because an IRA is a qualified retirement portfolio vehicle, you’ll receive tax and other penalties if attempting to withdraw assets before the minimum age for distributions.

Withdrawals will incur penalties if taken before age 59½. You must also begin withdrawing from a traditional IRA by age 72. Roth IRAs do not require you to withdraw your initial contributions at age 72.

The requirements and regulations surrounding IRA contributions and withdrawals can be complex, and a strategic approach will help you make the most of your account and its tax advantages. Be sure to talk to a tax professional about your retirement plans, including your expectations for contributions to and withdrawals from any IRA account, whether it contains precious metals or not.

Why do I need a custodian or trustee for my precious metals IRA?

The assets held in any IRA, including those in precious metals IRAs, must be kept in the possession of an IRS-approved IRA custodian or trustee. Such entities must demonstrate fiduciary experience, competency in handling retirement assets, and sufficient corporate net worth. IRA trustees must also maintain fidelity bonds of sufficient value to protect asset owners against fraudulent acts and must submit to annual audits.

The IRS has issued guidance warning retirement savers against "self-storage" IRAs in which the account owner takes physical possession of the precious metals held in their accounts for home storage or for holding in an easily accessible safe deposit box. Such actions may be considered to be distributions, which open the account owner to possible early-withdrawal penalties.

Rosland Capital can introduce customers to Equity Institutional, a long-established custodian.

A precious metals IRA can be an efficient, IRS-compliant, and cost-effective way to add physical precious metals to your retirement portfolio. Don't risk legal issues by trying to do it yourself at home. Call us today for an our IRA brochure, so you can consider your options.

Call us to start building your precious metals IRA today: 1.800.679.6482

Is a precious metals IRA right for you?

Gold and other precious metals are often seen as a hedge against inflation, or as an alternative asset class that’s less connected to the stock market and other traditional economic indicators.

Individuals seeking to help protect their assets into retirement tend to choose gold IRAs (or other precious metals IRAs) for these main reasons: Diversification Most IRAs, as mentioned earlier, hold paper assets such as stocks or bonds.

Many paper assets tend to move in a correlated way, which means retirement savers who concentrate their money in such intangible holdings can be hurt across the board if the economy weakens.

Bonds may make opposite moves to stocks, but the rate of return for bonds has not kept pace with the growth in gold prices thus far during the 21st century. In fact, since the start of the 21st century, through July, 2019 the price of gold has outperformed the total return (including dividends) of the S&P 500 index by more than 100%. Protection against inflation The dollar was once backed by gold, which kept the price of an ounce of the precious metal pegged to a certain amount of dollars.

Since the United States dropped the gold standard in the 1970s, gold is no longer a "reserve currency." Instead, it's often seen as a hedge against the dollar's declining purchasing power. In real terms (adjusting for inflation), the price of an ounce of gold has been quite stable for much of this decade, giving gold buyers a way to hold onto the value of their savings without taking on the interconnected risk of most paper assets. Low volatility As mentioned above, gold prices have been quite stable on an inflation-adjusted basis for most of the 2010s. In 2019, gold’s volatility, or change in price from day to day, reached a 10-year low.

Since this period included major economic events such as the Great Recession, the Eurozone (particularly Greece, Ireland, and Spain) debt crises, the Fukushima disaster, and Brexit, gold and other precious metals seem all the more compelling as ways to help protect your assets against economic turmoil. Tax benefits You can own precious metals whenever and however you want. If you want to own precious metals in a tax-advantaged way, you could consider the potential benefits of an eligible IRA account.

How Rosland Capital can help you establish a precious metals IRA

We've helped thousands of people buy metals for inclusion in precious metals IRAs over the years. Our process is clear, simple, and straightforward:

  • 1 During your initial call, a Rosland Capital precious metals representative will walk you through the process of setting up and buying products for inclusion in a precious metals IRA. With full information, you’ll be able to make a smart decision about whether or not this type of retirement account is right for your situation and expected retirement needs.

  • 2 If you decide that a gold IRA fits your needs, we’ll walk you through your options, which include the structure of your IRA account and any prospective precious metal assets you might be interested in holding in that account.

  • 3 Once you've decided how to best proceed, we’ll send you all necessary forms and paperwork to set up an account with Equity Institutional, the IRA administrative custodian. You’ll also receive Rosland’s customer agreements for any physical precious metals you intend to purchase for your retirement portfolio.

  • 4 After signing and completing your forms, your Rosland representative can assist you in establishing a new IRA account for you with Equity Institutional, and can provide you with instructions to fund it, whether through currently available liquid capital or via the transfer of assets from an existing IRA account.

  • 5 After Equity receives your funds, the metals you have purchased are moved to Equity’s depository location in Delaware. In this facility, each IRA account-holder’s gold is held in separate and secured storage, if they select segregated storage.

  • 6 Equity Institutional will be responsible for all further management of your account until you’ve fully distributed all assets held in your precious metals IRA, which must begin no later than age 72 for traditional IRA’s. You’ll pay annual fees to Equity for administration of your account and storage of your assets.

  • 7 When required to take distributions from your precious metals IRA, you can withdraw the physical gold or other precious metals, as long as your withdrawals comply with all relevant IRS laws and regulations, in terms of their timing and value.

Call us to start building your precious metals IRA today: 1.800.679.6482

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