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Precious Metals IRA | |
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The Precious Metals IRA
- - a program approved by the IRS that allows hard assets such as gold and silver to be purchased within an IRA. |
THE
PRECIOUS METALS IRA is a program approved by the IRS that allows
certain precious metals to be used to fund an IRA. This is an
ideal opportunity for
those with retirement savings in an IRA to achieve asset
protection. Company retirement funds from pensions and 401(k) plans as
well as 403(b) TSA (tax sheltered annuity) plans may also be rolled over into a precious
metals IRA provided you are no longer employed by the company where your plan is held.
MANY OF OUR CLIENTS HAVE AVAILED THEMSELVES OF THE OPPORTUNITY TO INVEST IN PRECIOUS METALS WITHIN THE COVERING OF AN IRA. While the gold, platinum, and silver American Eagle and Canadian Maple Leaf coins may be purchased for use within an IRA, we recommend primarily platinum and silver since the gold coin would likely not be exempt from confiscation should the government once again recall gold as was done by executive order under the Emergency Powers Act by President Franklin Roosevelt in 1933. AS WITH ANY IRA, A BANK, BROKERAGE, OR OTHER APPROVED FINANCIAL INSTITUTION MUST SERVE AS CUSTODIAN. In the case of a precious metals IRA the custodian is responsible for the safekeeping of your precious metals. ROYAL BOUNTY FINANCIAL SUPPLIES ACCOUNT OPENING DOCUMENTS and receives completed forms for processing and submission to an authorized custodian. We purchase the specified precious metals for your account which are then shipped to the custodian for safekeeping. AT SUCH TIME AS YOU CHOOSE TO RECEIVE A DISTRIBUTION you may elect to have the metals shipped to you or you may have Royal Bounty liquidate them for you and receive remittance by check. As with any IRA the current market value of coins received would be reportable as income in the year received. If distribution is made prior to age 59 1/2 a 10% penalty would also be incurred. THE STARTUP FEE for opening a Precious Metals IRA which includes the first year's annual custodial and precious metals storage charges is $135. Subsequent annual costs for maintaining your IRA are as follows: - Custodial fee: 1/8 of 1% of account value ($35 minimum; $150 maximum). - Metals storage fee: $60 flat rate regardless of amount of metals stored. As a Royal Bounty precious metals client you will receive "full-service" status which includes free consultation, special alerts as they become available and, upon request, priority notification regarding special purchases offers. TO OPEN YOUR PRECIOUS METALS IRA OR FOR MORE INFORMATION: The URL for this page is |