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There are only two things in life that are certain: death and taxes.
But while we can’t escape death, we can at least try to reduce our tax burden. Even if you got a refund on your taxes this year, you probably had a big chunk of your income taken out from each paycheck.
Wouldn’t it be nice if you could keep more of your own money, and put that money to good use?
What many retirement savings don’t know is that gold (the popular safe haven asset) can be owned both inside and outside of IRA accounts, with differing tax treatments for each method.
Here are 3 ways that owning gold in a gold IRA could potentially save you a fortune on your taxes…
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1. Potential for Increased After-Tax Returns Depending on your income level and expected tax bracket in retirement, owning gold in a Traditional gold IRA can increase your after-tax returns on your gold holdings, compared to gold investments held in a brokerage account or a Roth IRA.
2. Tax-Free Rollovers A gold IRA can be funded with a tax-free rollover from a 401(k), 403(b), TSP, IRA, or similar account, allowing you to use your existing tax-advantaged savings to buy gold without having to take a tax hit by distributing funds first.
3. Tax-Deferred Growth Gold IRAs allow your gold to grow in value without having to pay taxes until you take a distribution in retirement. That could mean decades of tax-free wealth gains.
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If you’re looking for ways to keep your hard-earned money safe from taxation, maybe it’s time to start looking at how a gold IRA could help you.
The good news is, there’s a new guide that could help learn everything you need to know about Gold IRA’s.
It’s the Beginner’s Guide to Gold IRAs.
In this all-encompassing, informative guide, you’ll learn…
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- The Top 5 Advantages to a Gold IRA
- How To Move Your 401K To Gold Penalty Free
- The Importance of Portfolio Diversification
- A Simple Checklist For How to Get Started
- Plus, So Much More!
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*Applies only to qualified orders. Get up to 5% back in FREE Silver when you purchase $50,000 - $99,999. Get up to 10% in FREE Silver when you purchase $100,000 or more. Cannot be combined with any other offer. Additional rules may apply. Contact your representative to find out if your order qualifies. For additional details, please see your customer agreement. Goldco does not offer financial or tax advice.
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Goldco Headquarters 24025 Park Sorrento, Suite 210 Calabasas, CA 91302
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