A Roth IRA is a retirement account that differs from a traditional IRA in a few key aspects: The main difference is that Roth IRA distributions are tax-free. In a self-directed gold-backed IRA, your investment enjoys all the benefits and security that gold offers.
As the national debt ceiling rises, as it inevitably does, the dollar devaluates and the price of gold rises. Today, our government’s debt is the highest it’s ever been. The reality is the dollar can no longer be considered the storage of wealth it once was. Gold, on the other hand, has been a safe haven for wealth for over five thousand years. Gold is your best investment friend during times of crisis.
Because gold isn’t a paper asset, gold isn’t subject to the kinds of dilution of other investments. Gold is a tangible and finite resource. Gold can be easily stored, accessed, and hidden by the person who owns it. Unlike other investments, gold is also liquid. Taken altogether, no other investment affords you the same benefits as gold.
Investors ask, Can I buy gold in a Roth IRA? Most IRAs force the owner to select their investments from stocks, bonds, and mutual funds – not so with a self-directed gold-backed Roth IRA. With a Self-directed Roth IRA, gold and silver, you’re able to hold approved kinds of coins and bullion (.995 purity for bars, .999 purity for coins). Your designated administrator will buy the gold and store it on your behalf in a depository.
Holding your physical gold in a Roth IRA, or silver, in a depository not only insures the security of your metals but also confers all of the tax advantages you would otherwise be entitled to as an IRA owner. Also, with your Roth IRA gold investment you can continue to contribute after you reach the age of 70 (limited to $5,500 dollars per year). You also don’t have to take withdrawals. Conversely, a traditional IRA requires that you to start taking regular withdrawals at a certain age.
A Roth IRA allows earnings and deductible contributions to grow tax-free. All of the tax benefits associated with a Roth IRA happen when withdrawals are made: withdrawals, subject to certain rules, aren’t taxed at all – this is because all contributions to a Roth IRA are made with after-tax monies. To convert a Roth IRA to gold is the best way for you to get a hedge against inflation, to protect your wealth and purchasing power as the dollar declines, and gain all the profits and growth associated with gold valuation. Best of all, be it a Roth IRA of gold or silver, choosing a precious metal IRA is no more complicated than any IRA investing.
To help give you a better understanding of how to invest to meet your particular goals and objectives, we recommend you download the free guide book “The Secret to Successful Gold Investing.” In this guide you’ll learn how to buy gold in a Roth IRA account, convert your Roth IRA into a gold backed Roth IRA, whether you should choose gold or silver, bullion or coins, and much, much more.
Learn the secrets that will give your hard-earned wealth the best protection and growth potential today!