The Benefits of Precious Metal IRA Investing

Because of its many benefits, Individual Retirement Accounts (IRAs) are an ideal way to put away money for retirement. An IRA acts a savings account where stocks, bonds, and various other investments can be kept. An IRA is attractive to most investors because of the significant tax breaks that are associated with it. Provided certain conditions are met, assets in an IRA grow on a tax free or tax deffered basis. There are several different types of IRAs – each with its own specific guidelines and eligibility requirements. Figuring out which type of IRA to invest in, and even what type of assets to invest, can be tricky. Hiring an investment firm like Regal Assets llc can help make the decision process much easier.

Investing in precious metals like gold, silver, platinum, and palladium is quickly becoming one of the most popular ways to grow an IRA portfolio. The previous metals are usually in the form of bars or coins. In most cases, the metals must be 99.9% pure or better to meet investment eligibility requirements. How precious metal IRA investing is handled differs somewhat from most other IRA assets. Despite a few extra steps, precious metal investing still provides many advantages. For one, gold, silver, and platinum are largely considered more valuable than other IRA assets. The value of gold alone has increased steadily over the last decade. Precious metal IRA investing is arguably more stable than the value of the US dollar, with projected continued increases for many years to come. Another benefit – the tax breaks and benefits remain the same.

One important difference that should be noted is that unlike stock and cash assets, precious metals must be physically stored by a designated IRA custodian or trustee. Metals are then usually placed in a secure state depository for safekeeping. Some investment companies charge quite handsomely for the start up and ongoing maintenance fees associated with the trustee/custodian designation. Ongoing maintenance fees can be flat or scaled, often based on the amount of the investment. If possible, choose a company that offers a low flat yearly fee.