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
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.