Physical Gold Silver IRAs
US citizens can buy and hold physical gold, platinum, palladium, and silver bullion for retirement purposes and income tax advantages by using various Individual Retirement Accounts (IRAs) which we will discuss in further detail below.
What if your IRA custodian will not allow physical precious metal bullion in your IRA?
We can help you find reputable ones that will.
Further along on this page we list some of the IRA custodians who deal in physical bullion.
You can research and choose from this most reputable and highly used physical precious metal bullion IRA custodian list based on your preferences.
How do Bullion IRAs work?
To attain approved physical gold, platinum, palladium, and or silver bullion products in your Self-Directed IRA you will need to find an IRA custodian who allows you to purchase bullion for your IRA.
You will also need to find a trusted bullion dealer who will help you buy and sell your physical IRA-approved precious metal products. And finally have your physical precious metals shipped to a bullion depository where your IRA-approved precious metal bullion products will be stored.
Typical Types of Bullion IRAs
Traditional IRA - (n) an individual retirement account which allows citizens to put pretax income into investments that can grow tax-deferred with capital gains or dividend income being taxed until it is withdrawn closer to the citizen’s retirement age.
Individual taxpayers with Traditional IRAs can contribute up to a specified maximum dollar amount per year. Contributions to a Traditional IRA may be tax-deductible depending on the taxpayer's income, tax-filing status, and other contributing factors.
Distributions can be taken as early as age 59½. Starting after age 70½, account holders must take required minimum distributions (RMDs) from their traditional IRAs. Funds removed prior to full retirement eligibility incur a 10% penalty and standard income tax rates. There are exceptions to these penalties for certain situations.
Monetary distributions from Traditional IRAs are treated as ordinary income and are subjected to income tax.
Roth IRA - (n) an individual retirement account that allows investors to set aside after-tax income up to a specified amount each year. Both earnings in the Roth IRA account and withdrawals after the age of 59½ are tax-free.
Individual taxpayers with Roth IRAs can contribute up to a specified maximum dollar amount per year. Contributions to a Roth IRA are made with after tax income.
Roth IRAs do not require any distributions or withdrawals during the owner’s lifetime. Thus if you have enough other income during retirement, you can simply let your Roth IRA continue to grow tax-free throughout your lifetime. This makes Roth IRAs ideal wealth-transfer vehicles to be passed on to loved ones.
Roth IRAs can also be advantageous for any future windfall profit tax scenarios in which bullion holders are possibly scapegoated for having the foresight to prepare for the eventual devaluation of the US dollar and other globally devaluing fiat currencies around the world.
In summation with Traditional IRAs, you can avoid taxes with the capital you put into them.
With Roth IRAs, you can avoid taxes when you take capital out during your retirement age.
Of course, with either type of IRA, you pay no taxes on the growth of your contributed funds within the Traditional or Roth IRA structure, so long as they remain in their respective IRA account and are done in accordance with IRS statues.
Bullion IRAs are Often Creditor Exempt
Did you know that all 50 states have either a full or partial exemption from potential creditors abilities to access an individual’s IRA assets and holdings?
If like us, you live and do business in the USA you are also operating in a highly litigious society. It is prudent to protect what you have earned in case something unfortunate were to happen to you or your livelihood as a result of any unforeseen turn of events.
Common lawsuits often involve breaches of contract, medical malpractice, personal injury, disgruntled employees, etc. All these and other potential lawsuits are a high threat to estates and various professional’s livelihoods and retirement funds.
Business owners, CPAs, lawyers, doctors, dentists, and other professionals often use Individual Retirement Accounts (IRAs) as ways to invest and save for the long term. IRAs offer investors the possibility to use the power of compounding gains in wealth expansion with potential special tax exemptions to help increase a retirement fund’s size. The standard intention for IRA investing citizens is to eventually use their IRA funds for their post career lifetimes by allowing them to maintain a high living standard without having to work in their old age.
Practicing business professionals own physical Silver and Gold IRAs to help diversify their investment portfolios against standard financial threats (e.g. currency debasements, financial crisis, inflation, bank failures, etc.).
Professionals can also simultaneously own IRAs to help defend their wealth against would be creditors or potential lawsuits which often happen in our increasingly lawsuit-prone society.
Learn more about IRA creditor exempt statues amongst the 50 US states by clicking here.
Be Careful with Gold & Silver IRAs
The unregulated physical gold and silver industry has a large number of unscrupulous gold dealers and high ranking kickback affiliate websites that take advantage of unknowing, would be low-price bullion buyers, by marketing and selling them either overpriced proof or exclusive low mintage government issued coins.
Based on Google data alone, our industry’s most expensive search ads (i.e. ) are Gold IRA and Silver IRA respectively. Large groups of unscrupulous overpriced coin salesmen simply pay Google a premium to run top ranked IRA Ad campaigns with IRA Kit lead capture boxes to take advantage of unknowing investors out there.
Honest high volume bullion dealers simply cannot afford to pay up to $52 USD per perspective customer click. The only way unscrupulous dealers can afford this is by selling IRA customers products they should not pay for nor buy for their Bullion IRA accounts.
Not Allowed: Home Bullion IRA Storage
There are also a myriad of unqualified individuals selling home Bullion IRA storage ‘solutions’ using complex LLC structures. We suggest you steer clear of any of these offerings as they have the potential of hurting would be Bullion IRA investors by either disqualifying one’s IRA or even possibly created tax issues for the investor later on in life.
The IRS has even made a public FAQ regarding this often asked question, and while their discouragement is general in nature, almost all home Bullion IRA storage solutions begin offered will fall woefully short of being IRS approved.
Backtested Bullion Allocation Percentages
In our post-Nixon 1971 full fiat currency era, a recent study backtested bullion allocations vs equities and bonds from 1968 through 2016. The results will likely surprise you.
According to a relatively new study by CPM Group, adding physical precious metal bullion products to equity and bond allocations improves the return to risk profile of the entire investment portfolio.
This conclusion was made based on a study of 450 separate investment portfolios, which contained equity, debt, and various combinations and weightings of the 4 precious metals we are covering as well – gold, silver, platinum, and palladium.
The study involved using monthly data spanning from January 1968 to December 2016 which is a rather important span of time. As from August 15, 1971 the world has been on a fully floating fiat currency exchange standard with the US dollar as the world’s leading fiat reserve currency. This fact basically ensure physical bullion’s solid performance over the same time frame, even with various potential price suppression ongoing.
In this gold allocation portfolio model study the S&P 500 was used as a proxy for the equity markets and US T-Bills or US T-Bonds were used as a proxy for the debt component of the model portfolios. Click here to learn more details about the study and for its results.
Bullion IRA Custodians
When performing your due diligence we suggest scrutinizing each respective Self-Directed IRA investment options, fee structures, and BBB complaint records.
How to get your Bullion IRA Started
The next step would be research the potential IRA custodians above, find the service which best suits your needs and objectives. Be sure to consider all the various fees associated with the account and how professional the company is in terms of response time and IRA expertise.
Once you’ve found an IRA custodian you like and created your account, you’ll need to fund it. This is the money that the custodian will use to execute your investing directives (e.g. purchasing physical precious metal bullion products). If are you rolling over an existing IRA, you will likely be quickly funded and ready to go.
Now that your account is ready, you need to choose your trusted precious metals dealer. This is where SD Bullion comes in. There are many dealers, and, like custodians, they’re far from being the same. At SD Bullion, we offer the lowest prices on gold bullion, platinum bullion, palladium bullion, and silver bullion period.
We offer various suitable Bullion IRA products which can be safely purchased and placed into your self-directed Bullion IRA.
When you are ready to make your first purchase of physical precious metals for your IRA, simply give one of our traders a call at 1-800-294-8732 and they can walk you through our simple Bullion IRA ordering process.
A self-directed Bullion IRA can be an excellent option for those who want to diversify their assets and gain the protection offered by precious metals: gold, platinum, palladium, and silver bullion.
With them you can protect your wealth and better ensure your financial future.