Get Started Investing in Precious Metals
In the closing days of 2022, Congress passed and the President signed the SECURE 2.0 Act of 2022 into law. The new law includes some important changes to tax laws related to individual retirement accounts (“IRAs”), which include gold and precious metal IRAs.
Home storage gold IRAs are generally believed to not be allowed by the IRS. Why generally? Gold investment might be straightforward, but the same can’t be said for dense government regulations.
For nearly four decades, the Thrift Savings Plan (TSP) has allowed millions of federal workers to save for retirement. Designed as the federal government’s answer to the private sector’s 401(k) plan, TSP accounts offer similar features such as pre-tax contributions, tax-deferred earnings, and various investment options.
Augusta Precious Metals is a precious metals dealer located in Casper, Wyoming. Though not exactly ancient, Augusta is still recognized as an older mainstay precious metals company, having provided gold and silver self directed IRA services since 2012.
In business since 2003, Birch Gold Group is undoubtedly one of the behemoths of the precious metals IRA industry. They’re certainly a top choice for anyone wanting to open a top-of-the-line precious metals IRA, and in this review, I hope to go over everything that has made Birch Gold a top name in the sector for more than 20 years.
In order to store bullion of any kind in your precious metals individual retirement account (IRA), it will have to meet the minimum purity requirements as outlined by the Internal Revenue Service (IRS).
Founded in 2006, Goldco is a California based precious metals dealer that specializes in gold and silver IRAs. The company has completed billions in transactions with thousands of customers through their almost two decades of doing business.
This Gold IRA Rollover Guide reflects laws and regulations in place in the U.S. as of January 2023. Writing commenced just days after the passage of the SECURE 2.0 Act, which changed a number of standards related to retirement accounts.
Most people you encounter in the gold investments business are trying to do the right thing. Outright scams are rare. But scams related to gold investments happen often enough that you should be aware of the common types of scams you may encounter in your journey into investing in gold and precious metals.
