Self Directed Ira Precious Metals Self Storage

Gold eagles are the only gold coins specifically approved for precious metals iras.

Self directed ira precious metals self storage.

An sdira is a retirement savings account that can be a traditional or roth ira with the same contribution limits. With recent financial uncertainties many investors are looking to invest in gold or other precious metals. Using a self directed ira to invest in precious metals. The taxpayer relief act of 1997 broadened the permissible types of investments allowed in ira s and alerted taxpayers to a new option self directed ira s capable of holding irs approved precious metals and products in addition to customary paper financial products.

Download our quick guide to self directed iras in gold and precious metals. Keep in mind there are two rules that apply to precious metals owned by an ira. Review the above options and contact money metals exchange at 1 800 800 1865 today to get started. Using a self directed ira account to purchase physical precious metals involves some additional rules and restrictions in general when compared to investing in precious metals with discretionary.

Our depth of experience and proven expertise in precious metals investments make it easy to own these assets as part of your retirement. The wall street journal recently reported on the radio advertising that promotes an ability to store gold owned by a self directed ira at the ira owner s own home. Irs warns against home storage for precious metals owned by self directed iras. The 1997 change means that precious metals ira investors now can get much more silver for their ira investments.

The recent statement by the irs against home storage is an important development and one that all self directed ira investors who own precious metals should be aware of. First the precious metals owned by an ira must qualify under irc 408 m 3. Because stock prices rise and fall dramatically whereas gold will always retain value many experts suggest holding at least some. Owning and storing actual precious metals in a self directed ira is an important and straightforward step toward true diversification of your investments.

A significant change was the inclusion of american platinum eagles platinum bullion coins in the us. Self directed individual retirement accounts sdira are becoming immensely popular nowadays. A self directed ira in precious metals can be a rock solid investment prospect for many investors but it s important to learn all the facts before opening an account.