Gold $1295 16.2
Silver $17.34 0.23
Talk to a representative: 855-242-4121

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Gold $1295 16.2
Silver $17.34 0.23
Talk to a representative: 855-242-4121


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Tax Advantages of Self-Directed IRAs vs Limits on Investment Options

Self-directed IRAs Have Defined Precious Metals Choices In  Gold IRA

 

Limits on investments options for self-directed IRAs

 

 

The custodian you choose to handle your IRA investments will apprise you of your investment choices. Some banks offer self-directed IRAs, but their list of options is limited. They usually include stocks, mutual funds and annuities, but they overlook nontraditional investments, like precious metals. Others are more inclusive and incorporate anything included in section 408 of the U.S. tax code – the law that governs IRAs. If you intend to link your investments with gold or other precious metals, you should look for a custodian who operates under section 408.

 

Self-directed IRAs offer tax advantages in  Gold IRA

 

Since IRAs are tax-deferred savings accounts, you get the same advantage with gold IRAs. A Self-directed IRA allows you to transfer or rollover your 401k or IRA to a precious metals IRA.

 

 

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Michael Dallo, CPA, JD, LL.M. is a tax attorney and certified public accountant (CPA) of Dallo Law Group, a Professional Corporation. For over 10 years, Michael has zealously represented hundreds of clients in resolving tax disputes with the Internal Revenue Service and California taxing agencies, as well as developing sound tax positions and arguments to minimize their federal and state tax liability.

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