If you’re been looking at the world of precious metals investment at all, then you’ve probably heard talk about gold IRAs. A way to invest in metals and secure your future at the same time, investing in a gold IRA is an attractive proposition for most investors.
All the Benefits of a Traditional IRA
With a traditional IRA, there are many important qualities that make it such a good opportunity for retirement investment. The first, obviously, is that when you make contributions to a traditional IRA, the IRS allows you to make those contributions tax-free. In other words, any income that you divert towards your retirement via an IRS is not taxed; this helps you not only plan for your future, but also reduce your current liability in a very attractive way. Fortunately, investing in a gold IRA offers exactly the same benefits. Any money that you invest towards gold for the purpose of a gold IRA will be sheltered from tax via the exact same arrangement enjoyed by a typical IRA. At the same time, however, you should be aware that gold IRAs face the same penalties for early withdrawal.
How Much of My Portfolio?
The basic benefits of investing a gold IRA are obvious. One of the only real questions then is how much of your portfolio should be diverted towards physical commodities such as precious metals. The current advice from most brokers and investment professionals is that no less than 10 to 20% of your total fiscal investments be made into such commodities. Therefore, when you’re taking a look at your total portfolio, you should apply the same thinking to your retirement. At least 20% of what you’re putting away for the future should be backed by the historically stable investment of gold, and investing in a gold IRA is the best way to do that.
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