BULLION BLURB - Turn Gold into an IRA
Posted on August 28, 2017
Did you know that you can buy physical gold and silver or even platinum and palladium with your IRA and 401k or 403b? It’s true – believe me, we’ve done it for our clients during the last couple decades.
Thanks to the Taxpayer Relief Act of 1997 expanding on the types of investments allowed in IRA’s, we all get the opportunity to use our retirement funds to purchase IRS approved coins and bars*.
Specifically, the bill states, “Your IRA can invest in one, one-half, one-quarter or one-tenth ounce U.S. gold coins, or one-ounce silver coins minted by the Treasury Department. Beginning in 1998, your IRA can invest in certain platinum coins and certain gold, silver, palladium and platinum bullion.”
If you have any questions or interested in exploring just what your options are with a Precious Metal IRA (or Gold IRA), contact HCC Rare Coins today and ask for Andy.
*Here is the full list of what’s approved:
Gold American Gold Eagle coins, American Gold Buffalo coins, Australian Gold Kangaroo/Nugget coins, Austrian Gold Philharmonic coins, Canadian Gold Maple Leaf coins, Credit Suisse Gold Bar, Johnson Matthey Gold Bar, Valcambi Gold CombiBar
Silver American Silver Eagle Coins, Australian Kookaburra Silver coins, Austrian Philharmonic Silver coins, Canadian Silver Maple Leaf coins, Mexican Silver Libertad coins, Johnson Matthey Silver Bar, Royal Canadian Mint Silver Bar
Platinum American Eagle Platinum bullion coins, Australian Koala Platinum coins, Canadian Maple Leaf Platinum coins, Isle of Man Noble coins
Palladium Canadian Palladium Maple Leaf coins, Russian Ballerina Palladium coins, Baird Palladium bars, Credit Suisse Palladium bars