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Retirement Planning

Can I buy Gold with my IRA – Satori Traders [Video]

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Can I buy Gold with my IRA – Satori Traders

Click this link to get a free Gold IRA Kit https://satoritraders.com/goldco

Discover how American investors are safeguarding and securing their retirement savings with physical Precious metals

https://satori-traders.business.site
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https://satoritraders.com/precious-metals/gold/ira/convert

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Most of the things we need and want in life cost more today than they did when the Dollar was backed by Gold

Food
Rent
the Median price of a house
new Cars and Trucks

Every day, Americans are suffering the effects of unrestrained money printing and it is only getting worse

So what’s the solution?

How can Americans protect and secure their retirement savings from this ongoing loss of purchasing power?

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Physical Gold IRA
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The Taxpayer Relief Act of 1997 allows investors to hold physical Gold, Silver, and other Precious metals inside individual tax preferred retirement accounts (IRAs).

Self-directed IRAs provide tax-preferred ownership for real estate and Precious metals, while traditional IRAs are limited to Stocks, Bonds, and mutual funds.

In a self-directed IRA a third-party Custodian holds physical Gold in the investor’s name. This is the same as a traditional retirement account where securities are held by the broker-dealer in the investor’s name.

IRA-approved Precious metals include Gold, Silver, Platinum, and Palladium. Two general categories of metal are IRS-accepted:

• Coins minted by national Governments
• 99.95% or higher Bullion bars and Coins

Collectible Coins and Numismatics are not allowed.

Home storage Gold IRA
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The Precious metals held in a self-directed IRA must be held by a third-party Custodian in order to satisfy the IRS.

In a home storage Gold Coin IRA (also referred to as a Checkbook IRA) the investor forms an LLC or other legal entity to act as the Custodian and hold the Precious metals.

While this structure complies with IRS requirements, it entails at least two risks.

First, the IRS has numerous requirements that a Custodian must meet. The IRA could be deemed invalid if any of these requirements aren’t met.

Second, assets can only be moved in and out of the IRA via proper contributions and withdrawals. Because the IRA is stored at home it is tempting to add or subtract physical metal without performing the proper paperwork. Sloppy bookkeeping or a violation of the rules for managing the IRA’s assets could cause the IRS to deem the IRA invalid.

And remember that failures to comply with the Checkbook IRA regulations would most likely come out in an audit when it would be too late to fix the issue.

If the IRS declares that the home storage Gold IRA is invalid they could assess penalties, back taxes, and interest for all of the years when the IRA was out of compliance.

Gold IRA tax rules
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Here are the key Gold IRA tax rules to keep in mind:

• When funds are transferred from an existing IRA to a Precious metals IRA, the transaction must be completed within 60 days
• Only IRS-approved metals can be held in the IRA – Silver, Gold, Platinum, and Palladium
• Distributions from the IRA can be taken in cash or physical metal
• Precious metals held inside an IRA are NOT subject to the automatic 28% tax rate for collectibles
• Capital gains are NOT taxed as gains on collectible items
• Distributions from the Gold IRA are treated as ordinary income at the Investor’s tax rate
• Investors are allowed to have more than one IRA open – opening a Gold IRA doesn’t affect existing retirement savings accounts

Gold IRA fees
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Buying Gold in an IRA involves more fees than an investor pays for a Traditional IRA.

Besides the typical account setup and management fees, a Gold IRA will have a fee for storing the physical metal held in the account.

Typically the annual storage fee will be less than $200.

Another fee which is unique to Precious metals IRAs is the commission paid to a broker for buying and selling the investor’s metal.

Some companies waive account setup fees and buying commissions as part of their promotional offer.

The selling commissions can be avoided by taking distributions in physical metal instead of cash.

Gold IRA reviews
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Trust is the main consideration for selecting a Precious metals IRA company to deal with

You need to feel comfortable with the company and their Custodian

Seeing what actual customers are saying online can provide valuable insight into a company and how they do business

Check these resources for authentic Precious metals IRA reviews

Better Business Bureau (BBB)
Consumer Affairs
Google Reviews
TrustLink
Trustpilot

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Retirement Planning

*BIDEN: IT'S HUGE!* $4,000 Monthly Stimulus Coming in Bank Accounts? Fourth Stimulus Approved? [Video]

Social Security, SSDI will get this much in 2022In this video, we discuss Social Security benefits including SSDI and how much of these millions of beneficiaries will be getting in 2022 as a result of everything going on right now. Many people in this community who receive Social Security benefits are wondering how much they will get it in 2022? This is what we cover in this video, how much will Social Security, SSDI and retirement benefits get it in 2022? We discuss all the answers in this video. This Video is specifically dedicated to Social Security retirement, Social Security disability, and Social Security survivors benefits, we also do have a dedicated videos talking about SSI, supplemental security income. If you are someone who receives Social Security benefits of any kind Including SSDI, this video is for you as we talked through some numbers. Of course we do not know what each specific person will be receiving simply because everybody receives a different benefit for the most part, however we discuss a general parameters around a monthly benefits in 2022.#SSDI #SSI #SocialSecurity Todays update on stimulus for seniors, ssi, and ssdi#socialsecurity #stimulusupdate

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Retirement Planning

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Retirement Planning

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todays update for seniors in retirement on ssi, ssdi, and social security benefits. Andrew Paulo, Blind to billionaire, social security changes,

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How to Avoid Tax Underpayment Penalties When Performing a Roth Conversion! [Video]

Do you have need experienced help optimizing and executing your Roth Conversion strategy? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to https://www.safeguardinvest.com/contact. Do you know you can't just wait until tax time in order to pay a balance you owe to the IRS? If you do, you may be subject to a tax underpayment penalty and have to pay future quarterly estimated taxes. Neither of which are very fun...Withholding the right amount for taxes is a problem throughout retirement but specifically is a problem that can arise with Roth Conversions. Roth Conversion taxes can be paid in numerous ways. From withholding taxes right out of the conversion to paying taxes from your checking or savings accounts. Regardless of how you pay taxes, the IRS will force you to pay those taxes at a specific time or face IRS penalties.In this video, we are going to clear up a hot button issue in regard to Roth Conversions - How to pay the right amount in taxes at the right timeWe will discuss: ✅ How to pay estimated taxes in order to avoid underpayment penalties✅ The way you withhold taxes will vary based on what source you are paying those taxes from✅ How to meet one of the three guidelines the IRS specifies you need to meet in order to avoid IRS penalties- - - - - - - - - - - - - - - - - - - - - - Always remember, "You Don't Need More Money; You Need a Better Plan"🍿 Subscribe to our channel: https://www.youtube.com/channel/UCVMA...🏆 Join our 'Retirement Mastery' Facebook Group: https://bit.ly/retirement-mastery-group📈 Talk with us about your retirement plan here: https://www.safeguardinvest.com/contact📚 The New 60/40: How the Next Generation of Retirees Can Achieve Radical Financial Freedom through Better Safe Investing - https://www.amazon.com/New-60-Generation-Financial-Investing/dp/B08H6TCMFNSafeguard Wealth Management is a Registered Investment Advisor in the State of WI. Safeguard Wealth Management is not an insurance provider. All content on Youtube is for informational purposes only and should not be taken as personal advice for your situation. You can read more disclosures at https://www.safeguardinvest.com/fiduciary