Individual Retirement Accounts (IRA)

Retirement Accounts and Your Financial Future

Our management staff has served in the banking and financial industry for over 31 years. Eleven years were spent in the IRA Custodial Sector, handling precious metals accounts.

Individual Retirement Accounts (IRAs) allow individuals to save on their own, rather than counting on either pension plans or the government to secure their future.

The government has increased tax incentives for those who contribute to an IRA. Currently, if you are under the age of 50 and you meet certain income requirements, you can contribute up to $5,500 per year. If you are 50 years of age or above, the current limit is $6,500 per year.

Planning Retirement/ IRA Benefits

• The Traditional IRA is the most common. The account is tax-deferred, meaning you will pay taxes only upon withdrawal of the assets. If you are under age 59½ at the time of distribution, a 10 percent penalty will apply as well.

• The Roth IRA grows tax-free as long as you meet certain criteria. You must have the account open for five years and also be 59½ years of age before you can withdraw any portion or all of the assets without paying taxes or a penalty.

• A Simple IRA is designed for the small business owner. It is tax-deferred, and it allows both the employer and the employee to contribute. Ordinary taxes are paid at the time of withdrawal. If distributions are taken prior to the age of 59-1/2, a 10 percent penalty applies.

• The SEP (Self-Employment Plan) IRA allows tax deferral and larger contributions. The limits are based on your salary. There are many other retirement plans, but they offer very few options concerning investments. They will give a handful of investment options, but growth possibilities are limited. Physical precious metals are seldom allowed.

The Precious Metals IRA

With the Precious Metals IRA, one is allowed greater flexibility, and investment opportunities are greater. This is a self-directed IRA, which means you tell the custodian what you want to invest in, and how much. You are allowed to make contributions, take distributions, and transfer funds at any time.

The types of investments you can purchase in this IRA are:

Precious Metals
• Certificates of Deposit
• Church Bonds
• Stocks (any stock that is publicly traded)
• Foreign Currency
• Swiss Annuities
• U.S. Treasuries
• Cash

The Precious Metals IRA was introduced in 1986, and allowed gold and silver American Eagles only. In 1997, the Taxpayer Relief Act was introduced and went into effect January 1, 1998, which expanded what, could be placed in the IRA. Allowable metals include gold, silver, platinum, and palladium, with a minimum fineness requirement.

Existing IRA accounts are allowed to be transferred to the Precious Metals IRA without penalty or taxes. All employer plans such as the 401-K and 403-B are allowed to be rolled over without penalty or taxes as long as the individual is no longer employed.

By investing retirement money in precious metals, you are protecting yourself from the continuing devaluation of the dollar, with the added benefit that you own the physical precious metals. Precious metals have historically increased in value in times of economic instability and financial turmoil.

Now is the time to evaluate your retirement portfolio and take action. With growing instability in global economies, a Precious Metals IRA may be your best hope of securing your economic future.

Business Hours Mon-Fri 9:00am - 6:00pm CST. Call 1-800-577-3195 Ext. #2  to speak with a retirement account specialist.

Call us with any questions at 1-800-577-3195.

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