IRA Retirement Plans

Gold IRA Retirement Plans. Why a traditional IRA or 401K should be converted to a Gold IRA. The IRA and 401K rollover guide helps your retirement planning to enable you to maximize your retirement fund. How much do you need to invest in your Gold IRA to allow you to retire? What are the Gold IRA rules? What are the Gold IRA contribution limits? Are you saving enough for retirement?

Tax Effective Gold Investments 

A precious metals retirement plan is the ultimate way to invest for your future while reducing the volatility of your overall portfolio. It gives you the most tax effective way to include bullion bars and bullion coins within your retirement plan. Tangible precious metal assets such as gold will help the profitability and stability of your retirement fund.

Transfers

Gold IRA Roth 401K

GOLD IRA INVESTMENT FUNDING

If you have an existing retirement plan (IRA) you have the option to transfer funds to a new precious metals retirement plan. This can be done at any time and there are no penalties or tax ramifications when doing this as long as it is a direct transfer from your existing custodian to the custodian of your new precious metals retirement plan. These transfers can be made as frequently as you wish.

 IRA and 401K rollovers

Another option is a rollover which happens when you receive the funds from your existing retirement plan, or a 401K form a previous employer and then deposit them into your new precious metals retirement account. It is very important to make sure that you re-deposit the funds within 60 days to avoid the liability of penalties and taxes. You are permitted to rollover the same funds a maximum of once per year while still retaining tax deferred status.

Any traditional IRA or Roth IRA can be very easily rolled over into a precious metals retirement account. A traditional 401K or Roth 401K from a previous employer is also very simple to rollover. If you have an existing 401K with your present employer or any other type of retirement plan it would be advisable to speak with one of our Gold IRA investment guide Account Executives to see if it is possible to roll it over into a precious metals retirement plan. Alternatively, fill out the “Free Gold Investment Kit” request on the right of this page and we will call you to confirm and answer any questions you may have.

 Storage of your inventory

Gold IRA Investments And Savings - VaultThe inventory in your Gold IRA will be stored in a government approved depository of your choosing and you can take possession of it at anytime. It is important to note that the IRS deems these precious metals as cash so if you were to take delivery of them before you reach the age of 59½ you would be obliged to pay the appropriate taxes and penalties.

 Receiving physical product

Having a precious metals retirement plan does not restrict you from buying other precious metals outside of your Gold IRA. In fact you are able to order from a much wider range of products and have them delivered directly to your door. This can be advantageous if you want to buy additional products such as rare gold coins to add to your portfolio for even more diversification.

Taxation on rare coins

Liberty Head Gold Eagle Coins 1899 $10

LIBERTY HEAD GOLD EAGLE 1899

Rare coins are one of the very few remaining assets in the US which do not require disclosure to the IRS when purchasing or selling which is another very good reason to add them to your portfolio. Additionally, there are usually no restrictions as to the quantity or value of precious gold coins you are allowed to travel abroad with.

4 thoughts on “IRA Retirement Plans
  1. Great information Nigel thank you. Many of our business owner clients are not aware of executive bonus plans under section 162 of the IRS code and now I can help them make sense of this option as they look toward retirement.

    • If she hasn’t hired the employee yet then she needs to set up a safe hbroar 401k with a 3% non elective contribution and a discretionary profit sharing contribution option. Make it effective immediately and make all current employees immediately eligible but all future employees would need to satisfy a year of service requirement. That way the new employee will never be eligible for the 401k but your wife will be. By making it a safe hbroar plan she will be able to put in 15,500 (indexed) each year PLUS she can also get 3% of her income as a safe hbroar contribution PLUS she can also make a profit sharing contribution up to 20% of her income. She’ll get 100% of it and the employee??? Zero. Plus this allows your wife to put away far more if her income isn’t over 230k. Think about it If she earns 100k she can do this: 20% of 100k is 20,000 PLUS the 15,000 Plus the 3,000 safe hbroar contribtion. So she puts away 38k but with the sep she’d have been limited to 20k. The reason you make it a safe hbroar plan? Should the business ever get to the point where the employee becomes eligible (works 1000 hours in a year) then the plan would be subject to discrimination testing the following year and your wife’s cotnributions could be limited. But because you’re a safe hbroar plan you take that into consideration. That employee will automatically be entitled to receive the 3% contribution but small price to pay since your wife is realizing tax savings FAR above that. They wouldn’t be eligible for a profit sharing contribution if they didn’t work 1000 hours again but even if they do they have formulas that would allow your wife to put in a huge amount while only contributing an additional 2% to the staff. this plan is by far the smartest plan she could do (short of a defined benefit plan) and is perfect for a small business such as hers. When I was doing this stuff my clients were using their tax savings to totally fund the contributions required for the employees. Instead of paying it to Uncle Sam they made their employees happy and they received a huge retirement benefit to boot. This type plan is perfect for a Dr’s office. There is no better. A SEP is old school and an absolute waste of money for exactly the reason you gave. Why give an employee the same level of contribution that your wife gets. The employee has no risk, no skin in the game they shouldn’t get the same benefit. Only reason to do a SEP is to save money on filing and such. But the tax savings by putting away all that $$ more than makes up for the added expense. I’ve given you something to think about here but my real advice is to go to a Third Party Administrator who is completely independent of any insurance company or mutual fund company. Let them handle this for you it’s worth the time and money. Interview 3 or 4 of them and find one that is honest and upfront with you Don’t use the cheapest one or the one that promises you all the bells and whistles. Find the one that you feel comfortable with and trust. You will not regret it.

  2. I paid a lot into my 401Ks over the years and they never performed very well. I had some 401Ks from my old work places and they were going nowhere. I contacted your company last year and was advised to rollover my 401Ks into a gold ira. In just a few months I made a lot more money with gold than my 401Ks made in the last 5 years! Thanks for all your help.

    • Synchronicity is crazy!I finally just opneed a Roth for my husband and I today!! We are pregnant with our second child and my deadline for getting this done had been before he arrives. I’ve been procrastinating since my first was born. Anyhow, I’m due in 7 days and just opneed the Roth today.I’m 34, so we’re behind the 8-ball for retirement. And, we only opneed one for now. But, it was the best we could do and it’s better than the nothing we’ve been doing.I feel relieved, proud, and nervous. I did as much reading as I could. But, when it came down to it I still felt in over my head & like I didn’t grasp all the concepts. But, I had to make my deadline and DO something.Thanks for the timely post NCN.(By the way, was it stupid to start a retirement account when we still owe money in student loans no credit/consumer debt though ?)

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