Today, more and more people are looking for ways to diversify their investments. Many people have already invested in stocks, bonds, mutual funds, and other traditional investment forms. Today we’re going to talk about investing with gold IRAs or Individual Retirement Accounts. Gold IRA is a retirement plan that invests in physical gold instead of stocks or mutual funds. This article will discuss everything you need to know about Gold IRAs and whether they are suitable for your investment strategy.
What Is a Gold IRA?
What is a gold IRA? A gold IRA is a type of retirement account where you can invest in physical gold. There are different IRAs, but this article will focus on the regular Individual Retirement Account (IRA). With an ordinary IRA, some specific rules and regulations come with it. You must make below $110K a year to use a regular IRA and be at least 18 years old. You can only invest in your IRA with pre-tax dollars (you don’t pay taxes on the money you put into it). When you take out funds for …