A self-directed IRA can buy precious metals as long as the purchased assets meet the IRS requirements. Collectibles are prohibited in IRAs, and some coins are considered as such. Allowable precious metals add diversity to retirement portfolios while hedging against market cycles and inflation.
Most financial professionals across the globe agree that asset diversification can be a key to success. As a premier self-directed plan administrator, Midland IRA is equipped to handle all the unique requirements involved with holding precious metals in your retirement plan. We arrange for storage in a depository, facilitate valuations for IRS reporting, and provide account administration.
In order to maintain a tax-advantaged status, it is important for investors to understand the benefits of investing in precious metals, the rules and guidelines, and the type of precious metals that qualify.
Watch this short video to learn about Precious Metals in a Self-Directed IRA
The Benefits of Precious Metals in an IRA
- Precious metals are tangible assets.
- Precious metals allow for a truly diversified portfolio.
- Precious metals provide a hedge against equity fluctuations.
- Asset growth/profits are tax-deferred.
Precious Metals FAQs
- Why do I need a depository?
- What qualifies a metal to be held in an IRA?
- Does Midland recommend any dealers or depositories?
- How do I find a metals dealer?
- Are my metals insured when being shipped from the dealer to the depository?
- How do I pay the depository fees?
- Do I need to provide an annual valuation of my metals to Midland?
The tax laws in the alternative asset class are not only complicated but they are fluid as well. There is absolutely no way that I could run my global metals operation and keep track of all the on-going changes in the tax code. This is why I refer my clients to the qualified staff at Midland.